Wall Observer - MtGoxUSD wall movement tracker

[lebing]

Whats crazy is that there is already a bid wall at 70. Last time we broke a big number (60 i believe) the same thing happened... Really strange.

I think its a mixed strategy, market order + bid wall at the same time. This way you get the hidden sellers that are triggered by the price raise while with only a market order the order would be executed to the end before the bots can respond. It's cheapter to buy like this. The full order in one thing could have driven the price way higher, leading to higher slippage. my 2ct

+1 Good call.

[Dargo]

Ahhh, I love those buy/sell curves at the bottom of bitcoinity!

When you zoom out, it looks like a tsunami about to wash over a low beach.

[DougTanner]

10K BTC to $85
20K BTC to $100

We might actually hit $100 / BTC today  . Normally the biggest orders arrive after 12:00 EST.

[lebing]

We will see a crash to $120 soon, maybe in early May.

I don't know if this was a typo, but I'll glady take a crash up to $120 in two months.

Somehow I dont think we will be waiting two months for $120 to happen.

[lebing]

Lol grats.

[NamelessOne]

We will see a crash to $120 soon, maybe in early May.

I don't know if this was a typo, but I'll glady take a crash up to $120 in two months.

Somehow I dont think we will be waiting two months for $120 to happen.

I agree, I think we will hit 100 within a week or two at this rate. The real speed is only now picking up.

[mccorvic]

10K BTC to $85
20K BTC to $100

We might actually hit $100 / BTC today  . Normally the biggest orders arrive after 12:00 EST.

And there's almost nothing over $100.

Total bids in USD are steady at 7.5mil, sells in BTC have dropped to 30kish.

[rpietila]

We will see a crash to $120 soon, maybe in early May.

I don't know if this was a typo, but I'll glady take a crash up to $120 in two months.

Somehow I dont think we will be waiting two months for $120 to happen.

The topping process in $300 takes several days + weeks to get back in $120, so yes - I will stick to my prediction.

[ehoffman]

Normally the biggest orders arrive after 12:00 EST.

Happened at 12:00 EDT    I think it will settle down, and rally for 75 tomorrow?

[mccorvic]

Normally the biggest orders arrive after 12:00 EST.

Happened at 12:00 EDT    I think it will settle down, and rally for 75 tomorrow?

If we are using the last few days as precedent we'll hit 75ish tonight/early morning then past 80 tomorrow.

Of course, history is no precedent at all for bitcoin

[DougTanner]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

[laughingbear]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

It may be because mtgox has completely crapped out again.

Whenever you need us, We'll be there... blinding you.... Mt.Gox

[ehoffman]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

A lot of people put sell at 70, hoping that if the near-69$ wall get crushed in a single buy, it would rebound back to the 60s (and buy back at profit).  They are the ones who must be anxious now

[Zomdifros]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

It may be because mtgox has completely crapped out again.

Whenever you need us, We'll be there... blinding you.... Mt.Gox

Say, wasn't the transition to Coinlab planned for tomorrow? Anybody with a status update on this?

[lebing]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

The rules of the game (over the last few years) simply do not apply anymore. Its time to take a step back and remember why we all were so interested in bitcoin in the first place. We all know the potential, we should stop being so surprised that its doing exactly what we expected it to do.

[Dargo]

10K BTC to $85
20K BTC to $100

We might actually hit $100 / BTC today  . Normally the biggest orders arrive after 12:00 EST.

And there's almost nothing over $100.

Total bids in USD are steady at 7.5mil, sells in BTC have dropped to 30kish.

I think this is possible, but somehow I don't think is will be totally easy. Expecting some kind of vicious pullback between here and 100 that will scare out more weak hands. The old weak hands may have bailed under 50, but we likely have a new crop of weak hands now.

[Spaceman_Spiff]

Bitcoin segment on bloomberg : http://t.co/knHdgWq7WI

Not THAT bad, even if they still don't get it.

hahahaha this guy comparing it to farmville credits. FUCK man we have a long way to go before this is truly mainstream.

Go look at the latest Zero Hedge article. Those people are truly imbeciles.

Holy shit. I lost all respect for Tyler now, acting like silver being up $0.40 is an epic rally.

There are several Tylers, this one appeared to be frustrated that he missed out on bitcoin, and stayed all in silver... (I like silver too by the way).
Quite stupid to say that something is 'plunging on high volume' when it is breaking record highs though..., same rhetoric as mass media used to do with gold.

[Zomdifros]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

The rules of the game (over the last few years) simply do not apply anymore. Its time to take a step back and remember why we all were so interested in bitcoin in the first place. We all know the potential, we should stop being so surprised that its doing exactly what we expected it to do.

Exactly. As I said earlier today, this rally will not end before $10k. Right now, I'm seriously considering the possibility we will be there before the year ends.

[Chalkbot]

I love how there haven't been any retaliatory dumps after passing $70 (or any large transactions at all), it's like everyone including the bears are in total shock and don't know what to do anymore.

The rules of the game (over the last few years) simply do not apply anymore. Its time to take a step back and remember why we all were so interested in bitcoin in the first place. We all know the potential, we should stop being so surprised that its doing exactly what we expected it to do.

Exactly. As I said earlier today, this rally will not end before $10k. Right now, I'm seriously considering the possibility we will be there before the year ends.

I like your enthusiasm Zom! I've got strong hands, but I think they might drop a few $10k coins....

[talnted]

This price movement is wild.  I wish I knew what was driving it.