btc/usd is spiking UP at other exchanges.

got another joker flashing a bid for 1000btc @ 100.00 ... either it's bull bait or we're about to see some fireworks during the Euro session..

the action at the 101's is looking good; going to add some leverage to long positions via btc.sx

boom! timed that one just right, snuck in before a whale  Seeing size move up instead of being super patient like the past two days. We're shaping up for a breakout to the upside.

There has been enormous amounts of confirmation. I was short from the $130s (play on 100 euro's being a barrier), and after seeing how well btc has held up in the $95-100 range, I'm comfortable getting into longs.

as for "This was also only a 1k buy." - what should I be hoping to see? Someone pushing 10k at a time? My fundamental view is that bitcoin's adoption rate can support $100 btc's. Anything above is gravy.

The #'s make sense. Those that think the market can't support the thousands of coins being mined everyday (~3600), are forgetting about the fact that we're seeing over 1.5 million Android activations per day. That's straight from Google's mouth.       

 

can't forget about the bots playing market makers. When the spread gets too thin they shut down and wait for easier chances to pick up nickels and dimes.

http://www.engadget.com/2013/04/16/eric-schmidt-google-now-at-1-5-million-android-activations-per/

The # of people joining the internet for the first time continues to grow at a rapid pace. The # of people joining the mobile web (perhaps their first experience with the web) is a strong driving force in the growth of internet technology, which includes bitcoin.

We're seeing more devices and new networks. It's getting cheaper and cheaper to build the infrastructure needed to grow the size of the internet community. Project Loon is just a novel idea at this point, but it's just one more sign of the growth that's still to come.

http://www.zdnet.com/googles-project-loon-uses-big-networked-air-balloons-to-fill-internet-black-holes-7000016887/

lucky ones getting bids filled at $100.xx, selling at $100.xx is a bad idea IMO; shorting it would be even worse. 

patient buyers letting scared sellers fall into low bids. Over the past 3.5 days, someone has picked up a nice amount of coins between 97 and 98..then 98 and 99.. now 99 and 100.  The market is just working off the fear caused by "the dumper" from 130s, but sellers are still panicky.  The longer this small range churns, the more likely we are to see a bounce towards 110 rather than a dive to 90, imo.

The recent action below $100 a coin skews volume imo. Doing less volume after a sizeable gain (off the low of 88) might not be as ominous as it seems. The fundamentals of bitcoin keep chugging on positively, despite short-term trading noise.

I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.  

game on  

haha, just making a play. It is very top heavy at the ask right now, particularly between $102.0 and $102.5, but it looks more like a scare tactic aimed at drawing action to bids. Feels like big bag holders trying to stuff their bags even more by stocking up at $100

haha, "all in" with regards to what I can afford to lose and not have quality of life affected  

can get 100:1 at other shops like btc.sx, but slippage and spreads are still an issue.

duly noted but vetoing    i'm trusting a read on the flow of the order book. The action is painting a picture of a reversal in recent pessimism. Still a bull(shit?) market haha

True, but those batches could also just be market makers who are happy to earn a couple nickels on the spread.  The bids have been dropping quickly when those hammers come down, but even at their lowest, they've been creeping higher compared to previous lows

it was nice to see the bundle @ $102.00 get eaten up swiftly.   

not expecting much more action until the Euro session gets going, probably a good time to grab a meal, stretch, etc 

still so much fear in the market. People look at their charts and the past few days look like a repeat of the price action leading up to another episode of  "the dumper" 

yup, Europe woke up.

i took off some of my longs a point before my intended targets because it looks so sketchy. The tape does not feel right considering the situation. It makes very little sense for the those bid walls to go up (1000 @ $102.3? really?) and stay there. Not if their intention is to actually buy... I mean, they are just letting smaller orders front-run them..driving up the price.

Exactly. They ARE running up their purchases by doing this. If they wanted to acquire 1000 coins, it'd be better to split the order. By posting a bid for 1000btc, lots of smaller orders are bidding up the price in anticipation of the whale's purchase and sellers are less likely to move asks down. As it stands, it's the same tactic used three weeks ago to headfake bulls before "the dumper" came to play. If it is indeed the same buyers as earlier today, all they are doing is pumping up the price a little higher (maybe into their own asks), thus making it easier to take profits on their recent acquisition.

yup.. i'm bailing on my longs. I was leveraged up, so it was a nice ride from 100.xx's but i wouldn't feel comfortable going to sleep with those still riding. Now i'm just considering whether or not to put on a short before heading to bed 

If you don't think manipulation is a part of the market, whether it be bitcoins or equities,  you're gravely mistaken.

I might regret this tomorrow, but I've entered some shorts in the $103.xx's and am headed off to sleep. I'll either wake up to some stop losses being hit, or it's back to $100 tmrw.

Best of luck gentlemen