Wall Observer - MtGoxUSD wall movement tracker

[adamstgBit]

It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's!  

You sold, right?

did you?

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[sadpandatech]

It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's!  

You sold, right?

KILL THE BEAR!!!!

and the better question is, did you sell? And can you prove it?

I still have an undisclosed amount of USD that has cleared and more clearing. I am confident up to prices previously stated.


Though, I cannot deny that huge resistance has been building on both sides of the fence over the last 24 hours. My personal gut feeling is that there will be some down play here over the next few days.  *hedge engaged*

You sold, right?

did you?

*high fives Adam*

[proudhon]

Look at the depth to $10 a week or so ago.



Look at it now.



We're not going to break $10 for a long time.  My guess is we're going to see the same sort of multi-month correction we saw after January's high.

[adamstgBit]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

[smoothie]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

[adamstgBit]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.

[smoothie]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.

I'm sorry ...were we still talking about pirate?

[adamstgBit]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.

I'm sorry ...were we still talking about pirate?

ya the guy that dumped 100,000 coins from 9.20 to 7.60

he trapped himself.

and all you lemmings are fallowing him off the cliff, thinking hes going to save you.

TAKE YOUR BITCOIN PROFITS

[smoothie]

people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap

Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.

I'm sorry ...were we still talking about pirate?

ya the guy that dumped 100,000 coins from 9.20 to 7.60

he trapped himself.

and all you lemmings are fallowing him off the cliff, thinking hes going to save you.

TAKE YOUR BITCOIN PROFITS

No just so we are clear I have no faith in pirate at all.

[Yuhfhrh]

It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's! 

You sold, right?

Yeah... at 8.50, 8.75, and at 9.00, do you think I shouldn't have?

[adamstgBit]

It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's!  

You sold, right?

Yeah... at 8.50, 8.75, and at 9.00, do you think I shouldn't have?

he thinks you should be able to buy back  at 4.xx 5.xx

Hold on to that USD, it could be worth something one day  

[jojo69]

I am finding my BTC position less and less a pure speculative play and more and more like my physical PM position...

do I itch to play the volatility?

oh yes...I do...very much so

do I want to be caught in bennie bux when the band stops playing?

?

?

[adamstgBit]

Virtex is acting very bullish

Most of the time Virtex is a good 10 - 30 cents lower then mtgox
now its almost 20 cents over mtgox price


oh and the 2 recently executed order are me filling small bids

[ArticMine]

Virtex is acting very bullish

Most of the time Virtex is a good 10 - 30 cents lower then mtgox
now its almost 20 cents over mtgox price


oh and the 2 recently executed order are me filling small bids

There is the USD / CAD rate of 1 USD = 1.0219 CAD to also take into account. This still places MtGox higher than Virtex but not by much. 8.691 CAD (8.505 USD)  for MtGox vs 8.605 CAD for Virtex.

[adamstgBit]

8.40 has been taking a beating for a long time, and its still holding
a good sign. and a number worth remembering 8.40

[humanitee]

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

[adamstgBit]

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

[smoothie]

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)

[adamstgBit]

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

[smoothie]

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