Wall Observer - MtGoxUSD wall movement tracker

[Spekulatius]

Does that mean someone with alot of USD just removed his/her orders which were split in many little ones to make it look like they were organic?

[Mushoz]

Does that mean someone with alot of USD just removed his/her orders which were split in many little ones to make it look like they were organic?

Yeah, most likely. I saw the same thing happening. Depth chart looks a lot less sexy right now.

[floeti]

Does that mean someone with alot of USD just removed his/her orders which were split in many little ones to make it look like they were organic?

Yeah, most likely. I saw the same thing happening. Depth chart looks a lot less sexy right now.

Question is, when will he use it to actually buy? 

[proudhon]

We're probably going to see an acceleration of attempts to take profit and/or increase positions since the short term price is clearly trending down now.  I think we'll see an over correction into the 5s and maybe below that before the price goes any higher.  And, again, I still think we've already seen the 2012 high.

[Kupsi]

We're probably going to see an acceleration of attempts to take profit and/or increase positions since the short term price is clearly trending down now.  I think we'll see an over correction into the 5s and maybe below that before the price goes any higher.  And, again, I still think we've already seen the 2012 high.

It's sunday. More funds will be transfered into the exchanges tomorrow. I was expecting a drop down to 5.70 this weekend, but the 30.000 BTC buy order on friday night slowed down the price fall. Now I guess the price will be > $7.00 on tuesday or wednesday.

[Spekulatius]

I doubt that we will break below 6$, as it provides some good resistance. Probably reverse somewhere between 6.05$ and 6.3$, back to 6.6$. If we can produce a new high above that 7.00$ and more is in plain sight.
If we break below 6.0$, the 5.4$-5.6$ range would provide further resistance.

[proudhon]

I doubt that we will break below 6$, as it provides some good resistance. Probably reverse somewhere between 6.05$ and 6.3$, back to 6.6$. If we can produce a new high above that 7.00$ and more is in plain sight.
If we break below 6.0$, the 5.4$-5.6$ range would provide further resistance.

Here we go!  Everyone who bought bitcoins wants to get more bitcoins, but nobody wants to buy into the asks, so everyone who recently bought bitcoins will sell because everyone else who bought bitcoins wants to sell to get more bitcoins.  This sort of thing has typically moved pretty strongly against upward movement, and I think its force has been stronger over the past year and is going to continue to lead to long periods of downward movement with long periods of leveling off after dramatic rises.  So, back into the 5s, level off, slowing creep up and bounce around, and then maybe break $6.60 and test the 2012 high.  This will likely happen over months.

[bzzard]

"My wall was sold out? Oh, lets jut put another."

edit: also sold out

[proudhon]

I'm calling this one "Quick, I need to sell now, so I can buy back later and have moar coins".

[Spekulatius]

[proudhon]

Yes.  The rally is over.  Everyone can relax for a few months.  Well, relax after you sell your bitcoins because you're worried the price will go lower.  Ammiright?

[Sitarow]

Going head to head with a wall will inevitably lead to Cephalalgia. 

[da2ce7]

Hmm... What is happening here... 

[Sitarow]

Hmm... What is happening here... 

Its a sand storm! and its growing with a vengeance.

Wonder when the tide will come in.

[SlaveInDebt]

Hmm... What is happening here... 

Keeping the engine idling over the weekend in the hopes of wide open throttle for the week days.

[Sitarow]

Does that mean someone with alot of USD just removed his/her orders which were split in many little ones to make it look like they were organic?

3rd time tonight this happened.

Just a speculation however...

Looks like the tide came in.

[adamstgBit]

Does that mean someone with alot of USD just removed his/her orders which were split in many little ones to make it look like they were organic?

3rd time tonight this happened.

Just a speculation however...

Looks like the tide came in.

Ya i was just playing with my bids a little  

[proudhon]

I'll call this one "It's about time".

[cloon]

we'll get the wall down!

[adamstgBit]

how to you get to see from 2$ to 12$?