Wall Observer - MtGoxUSD wall movement tracker

[adamstgBit]

I a bit wary of this extremely low volume of the last couple of weeks. I don't know what it means or why there it's so, any theories?

The past 3 weeks we moved 3 million dollars a week
This is sort of low but its to be expected after all the volume we moved the weeks before.

means pretty much nothing IMO

I a bit wary of this extremely low volume of the last couple of weeks. I don't know what it means or why there it's so, any theories?

Uhm... BTCST died, and took the economy with it?

ya this is defiantly a contributing factor

[adamstgBit]

now would be a good time for one of those crazy million dollar ask bid walls  

[robocoin]

Magic penguin pony modus!

[Yuhfhrh]

There is too much resistance at 12.50 and below, half of it doesn't even seem to be on the order book. I'm turning bear. And yes I sold.

[lebing]

There is too much resistance at 12.50 and below, half of it doesn't even seem to be on the order book. I'm turning bear. And yes I sold.

How do you know its there if you cant see it?

[adamstgBit]

There is too much resistance at 12.50 and below, half of it doesn't even seem to be on the order book. I'm turning bear. And yes I sold.

How do you know its there if you cant see it?

don't you feel it?   

[jasinlee]

Oh yeah, I can feel it.

[lebing]

The squirrel feels nothing but the need to hoard moar.



At worst based on existing trend, we are looking at around 11.5. Unless this trend changes, holding is going to be better than selling in the long term.

[adamstgBit]

The squirrel feels nothing but the need to hoard moar.



At worst based on existing trend, we are looking at around 11.5. Unless this trend changes, holding is going to be better than selling in the long term.

you see that trend line says we should be at 11 

[SkRRJyTC]

The squirrel feels nothing but the need to hoard moar.



At worst based on existing trend, we are looking at around 11.5. Unless this trend changes, holding is going to be better than selling in the long term.

I spy a downward trend on that graph...

[ElectricMucus]

You know what would be real funny...

If we explode to new ATHs next week because the press makes a big deal out of the bitcoin foundation, that would catch many of you guys (including myself, currently more broke than usual  ) off guard.

[Spekulatius]

You know what would be real funny...

If we explode to new ATHs next week because the press makes a big deal out of the bitcoin foundation, that would catch many of you guys (including myself, currently more broke than usual  ) off guard.

yeah  but won't happen. Jon Matonis cant work magic yet, so there wont be any "Explosion" I can see.

[Spekulatius]

There is too much resistance at 12.50 and below, half of it doesn't even seem to be on the order book. I'm turning bear. And yes I sold.

How do you know its there if you cant see it?

Yes you can. Do you see that ugly reddish-yellow monster pimple just above 12$? Thats were the resistance comes from. Normally a bit above that is where it is strongest.

[lebing]

The squirrel feels nothing but the need to hoard moar.



At worst based on existing trend, we are looking at around 11.5. Unless this trend changes, holding is going to be better than selling in the long term.

you see that trend line says we should be at 11 

11.5 is just the baseline (ie the pont of super strong resistance/ turning point), everything above that is where it's still an upward trend =P

[Yuhfhrh]

The squirrel feels nothing but the need to hoard moar.



At worst based on existing trend, we are looking at around 11.5. Unless this trend changes, holding is going to be better than selling in the long term.

you see that trend line says we should be at 11 

11.5 is just the baseline (ie the pont of super strong resistance/ turning point), everything above that is where it's still an upward trend =P

I agree that we are fine for the long term, but I think in the short/short-medium term we are going to be going down.

[notme]

There is too much resistance at 12.50 and below, half of it doesn't even seem to be on the order book. I'm turning bear. And yes I sold.

How do you know its there if you cant see it?

https://ferroh.com/charts/60day_small?0

Yes you can. Do you see that ugly reddish-yellow monster pimple just above 1312$? Thats were the resistance comes from. Normally a bit above that is where it is strongest.

FTFY

[robocoin]

Sell into EUR

[lebing]

Longer term exponential confirming...

[ElectricMucus]

Longer term exponential confirming...

What you did there you can do on any chart. This really confirms nothing, sorry

[Spekulatius]