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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811506 times)
adamstgBit (OP)
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July 09, 2012, 11:02:26 PM
 #421

yup, the buy up to 7 was organic.. 



i missed it  Sad

whats next ? 8!

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9.9.2012: I predict that single digits... <- FAIL


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July 09, 2012, 11:19:39 PM
 #422

yup, the buy up to 7 was organic.. 



I believe 15k BTC or so was removed. The wall was bigger than the traded volume.
adamstgBit (OP)
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July 10, 2012, 12:55:58 AM
 #423


quick update, bitcoin is looking bullish at 6 point crazy!

only a few hours later

Say Hello to 7 dot ridiculous! i wouldn't expect the ask wall to show any resistance till 7.5 - 8, this will be a repeat of 6 point crazy!



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July 10, 2012, 01:09:04 AM
 #424

I miss btccharts.  Come back.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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July 10, 2012, 01:09:39 AM
 #425

so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
adamstgBit (OP)
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July 10, 2012, 01:12:56 AM
 #426

so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
it was:
1 dude with Very deep pockets
10 dudes with deep pockets
10,000 dudes (and 1 girl) with pockets!

you decide which has more influence....

I miss btccharts.  Come back.
yes me too I'm sad...
btccharts's web host is doing some maintenance and its taking longer then expected

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July 10, 2012, 03:11:52 AM
 #427



This is odd.  MtGox reported $7+ for a while, but there really wasn't any change in volume.  I think something isn't working right, or almost all the asks were removed and somebody bought anyway, or some combination.

Hi, so everything is working what you saw is in fact "normal" this is due to our process always showing up the "LAST PRICE" regardless of the currency. Then this price is converted for your on our HP in USD for example.

I will check what can be done to make this better or at least give a warning at some point.

Mt.Gox : The Leading International Bitcoin Exchange.
Mt.Gox Merchant Solutions : https://mtgox.com/merchant
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July 10, 2012, 03:15:52 AM
 #428

Get ready; we're just $30k away from breaking the $7.22 record.

(BFL)^2 < 0
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July 10, 2012, 03:17:24 AM
 #429

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.
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July 10, 2012, 06:57:57 AM
 #430

i am LOVING my 20+ coins right now. Cheesy

i don't post much, but this space for rent.
adamstgBit (OP)
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July 10, 2012, 07:01:50 AM
 #431

i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss

arklan
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July 10, 2012, 07:02:57 AM
 #432

i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

i don't post much, but this space for rent.
adamstgBit (OP)
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July 10, 2012, 07:05:21 AM
 #433

i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

lol,

why not buy more?
are you waiting for a better buying opportunity?

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July 10, 2012, 07:17:16 AM
 #434

I'm waiting for a dip to 3 lol

arklan
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July 10, 2012, 07:59:16 AM
 #435

i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

lol,

why not buy more?
are you waiting for a better buying opportunity?


broke as all hell. Cheesy lost my meatspace job a bit ago, so looking for another while my ATI gpu chugs along. if i had some cash i could spend, i would absolutely be buying BTC right now.

i don't post much, but this space for rent.
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July 10, 2012, 11:06:33 AM
 #436

so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
it was:
1 dude with Very deep pockets
10 dudes with deep pockets
10,000 dudes (and 1 girl) with pockets!

you decide which has more influence....

If you believed a player was artificially holding the price down with a big askwall, it would make sense to call his bluff and buy out the wall.  But only if you could buy the whole thing!  If so expect those coins to reappear.  At this point I wonder if sellers are holding back just to see how high it will go.

rebuilder
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July 10, 2012, 11:16:40 AM
 #437


If you believed a player was artificially holding the price down with a big askwall, it would make sense to call his bluff and buy out the wall.  But only if you could buy the whole thing!  If so expect those coins to reappear.  At this point I wonder if sellers are holding back just to see how high it will go.



It wasn't just an askwall, but a buywall as well. One that is still there, actually. Question is, are the same people behind the buywall as were behind the askwall?

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SkRRJyTC
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July 10, 2012, 11:44:02 AM
 #438

so what was it, one dude with deep pockets bought everything from 6.80 to 7$?

http://www.reddit.com/r/investing/comments/w9qi2/i_am_trading_60_oz_of_gold_for_bitcoin_ama/
proudhon
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July 10, 2012, 12:04:30 PM
 #439

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
bitcoinBull
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July 10, 2012, 02:26:23 PM
 #440

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

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