Wall Observer - MtGoxUSD wall movement tracker

[oakpacific]

I think we can offically call it "the fall of yet another manipulator wannabe".

[1713856519]

1713856519

[mccorvic]

I think we can offically call it "the fall of yet another manipulator wannabe".

Pretty much this

[420]

I'm a little disappointed I Only succesfully executed 90% of my day trades i tried just then....

[humanitee]

I think we can offically call it "the fall of yet another manipulator wannabe".

Was a bot most likely. Humans can't slant a wall that fast without a script.

[cheat_2_win]

Only question now is at what price will there be another shot at price manipulation and will that result in a crash or not?

[oakpacific]

I think we can offically call it "the fall of yet another manipulator wannabe".

I don't think so. Was just an actual seller. He had plenty of opportunity to pull his wall manually if he wanted.

Consider that we had seen someone owning 15K BTC yet have to ask people on chatboard about how to sell them properly....

[420]

I think we can offically call it "the fall of yet another manipulator wannabe".

I don't think so. Was just an actual seller. He had plenty of opportunity to pull his wall manually if he wanted.

Consider that we had seen someone owning 15K BTC yet have to ask people on chatboard about how to sell them properly....

keep quoting it please give us the link to the chat page

[hmmmstrange]

It was not a bot, just a very stupid person.

[NamelessOne]

I think we can offically call it "the fall of yet another manipulator wannabe".

Hilarious! Exactly! Hahaha. Someone trying to induce weekend dip panic. Or someone really betting wrong on the weekend dip... though it could still happen.

[Gatekeeper]

lol well that was fun, someone just sold a ton of coins cheap lol.

[hmmmstrange]

This market is maturing and crap like that is not flying anymore.

[oakpacific]

Well, anyway, weekend dip or weekend rise, a bit of fun is always fitting for a weekend.

[420]

some may be failing to notice that a 10% change in price at $10 was $10->9 and now a 10% change in price would be $34->$30.6

Edit: did I have a point...oops

[molecular]

With the 18k btc drop failing to do anything to the price we are clearly in a situation where very few Bitcoin holders are capable of "turning the tide" even if they wanted to. The masses and clearly some big players are on the move to buy, and it needs big, trend changing events, to truly turn the tide. We're still going up.

I agree it failed to initiate a panic and that's a very good sign. However you don't know what would've happened without the smackdown... it's possible we'd have gone to 35, 40 quickly. Maybe the intention was not to induce panic, but to avoid the bulls getting too hyped up. If so, it worked.

[samson]

I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.

[keewee]

I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.

I've noticed it too. Earlier there was another 10k wall and it got eaten. I wonder if this one is being put there briefly to try to fool the bots, but not long enough to get eaten again.

[narousberg]

this is bears which try to change direction. But bitcoin want to go up)))

[Liquid]

[rebuilder]

I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.

Something seems funny, probably with Clark Moody's charts... Apart from the weird 10,000 BTC wall popping in and out on the ask side, the sums of the bids and asks seem to be about half what they are on mtgoxlive. For example, currently mtgoxlive is showing almost 10,000 BTC to 35 USD/btc, while moody shows about 5,000...

[steamboat]

With the 18k btc drop failing to do anything to the price we are clearly in a situation where very few Bitcoin holders are capable of "turning the tide" even if they wanted to. The masses and clearly some big players are on the move to buy, and it needs big, trend changing events, to truly turn the tide. We're still going up.

I agree it failed to initiate a panic and that's a very good sign. However you don't know what would've happened without the smackdown... it's possible we'd have gone to 35, 40 quickly. Maybe the intention was not to induce panic, but to avoid the bulls getting too hyped up. If so, it worked.

This. Had the bid wall lasted after hitting the ATH I think we would have seen some serious buying in the hours after. The selloff, while not dropping the price, effectively threw cold water on the rally.


As for the wall at 33.60, could it have been someone testing the market? I'm not as knowledgeable of these things than the "wiser" ones here, but it seems to me a lot of data could be gleaned from placing a solid wall and watching the reaction.