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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649849 times)
ElectricMucus
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July 25, 2012, 09:53:13 PM
 #921

This gives us a better idea of what is actually happening


First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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smoothie
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July 25, 2012, 09:56:35 PM
 #922

This gives us a better idea of what is actually happening



What?...that we know how hot or cold the market is?

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
adamstgBit
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July 25, 2012, 09:58:07 PM
 #923

If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess



Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate

If it's so strong why aren't we going higher?

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

give it a minute, the "stealth support" has already pushed us to 8.60 a few times

ElectricMucus
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July 25, 2012, 09:58:16 PM
 #924

No it suggest something different than walls, those 2 zones are actual support and resistance.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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firstbits 1LoCBS


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July 25, 2012, 09:59:18 PM
 #925

Quote from: smoothie
$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

Yes please!



(I'm gonna need a bigger truck)
adamstgBit
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July 25, 2012, 10:11:27 PM
 #926

This gives us a better idea of what is actually happening



What?...that we know how hot or cold the market is?

dont kid yourself 8.40 is important

9.20 Is not a repeat of 7.20, something entirely different is happening

time will prove one of us right.

humanitee
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July 25, 2012, 10:17:40 PM
 #927

What do those colors mean? Without any legend that graph is indecipherable.
smoothie
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July 25, 2012, 10:20:48 PM
 #928

This gives us a better idea of what is actually happening



What?...that we know how hot or cold the market is?

dont kid yourself 8.40 is important

9.20 Is not a repeat of 7.20, something entirely different is happening

time will prove one of us right.

$8.40 isnt important...its just a number like $7.20 or $7.50.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
nimda
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July 25, 2012, 10:47:34 PM
 #929

If the price goes lower I'll be happy because I can buy cheap bitcoins. If it goes up I'll be happy because I'm worth more Cheesy

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
humanitee
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July 25, 2012, 10:55:42 PM
 #930

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.
adamstgBit
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July 25, 2012, 11:03:02 PM
 #931

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

I buy ebay stuff with bitcoin

I always get a good 5-10% off because of the difference between virtex and mtgox

I bought some other things using bitcoin directly

also i am able to play poker with my friends using bitcoin, they dont own any bitcoins, because they "dont like taking risk, with what little money they have", yet they love to win my bitcoin.

the community is larger then you think,

Bitcoin's FAN base, is kinda like star trek's FAN base

small but dedicated  Smiley

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July 25, 2012, 11:04:39 PM
 #932

Don't worry guys, adam plays poker with Bitcoins, the price can only go up up up! (assuming he's very bad at poker) Wink
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July 25, 2012, 11:11:57 PM
 #933

Quote from: smoothie
$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

Yes please!



(I'm gonna need a bigger truck)

Reminds me the geotagged location from BFL photos:



(http://goo.gl/maps/aeYj and http://goo.gl/maps/Xq3v respectively.)

Isn't it the same truck?

1JoricCBkW8C5m7QUZMwoRz9rBCM6ZSy96
adamstgBit
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July 25, 2012, 11:14:45 PM
 #934


a nice little wall appears on the front lines

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July 25, 2012, 11:15:11 PM
 #935

If buying doesn't pick up I expect the market will go down before the end of the weekend.

If selling doesn't pick up I expect the market will go up before the end of the weekend.


Isn't it the same truck?

no, they are different trucks.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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July 25, 2012, 11:29:39 PM
 #936

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

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July 25, 2012, 11:33:15 PM
 #937

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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July 26, 2012, 12:26:25 AM
 #938

I still think price is going below $8....

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
niko
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There is more to Bitcoin than bitcoins.


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July 26, 2012, 03:32:11 AM
 #939

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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July 26, 2012, 03:33:43 AM
 #940

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

+10,000 (number of people who are familiar with this site but don't use it)  And likely many more who are into Bitcoin and could give 2 craps about any of the rhetoric as long as they can send coins from point A to point B and attach some real world value to them.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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