They are getting increasingly pesty these days.

Almost no volume....


<chirp> <chirp>

<cricket>


It looks like everybody is just waiting for the funds to be released -or not-.

Any opportune whaly could easily move things down now with little volume, while to move the price believably up the same way would require much more of it.

Ninja Bear the "Bull SmaZZher"

crap, did MtGox hold trading or what? Total trade seems to have grinded to a halt as everybody is waiting for news about the payouts!

Hi Pirate!

Yes, but at this moment of uncertainty a large sell order would make ppl think they missed the news and jump on the Dump Truck.
A large Buy would probably have the same effect but would have to be larger for it, because everybody is expecting scores of Bitcoins to be sold at this time, not bought.

So when are the address credited with BTCs?
I dont see much activity on the blockchain yet.

But how do u know its related to SD?

All the way up to 105 there is a pretty steep slope of open orders and in light of the recent cash splash for SD share owners (155k BTC), MtGox slowly catching up on its backlog and some heavy technical resistance from 100-105 USD up ahead, I doubt that we will shoot up just yet. Probably slide down further before bouncing back somewhere on the way (70 USD?).

In PPC world it does btw.

Maybe this is indeed a "Decision maker". In fact Mr. 91.6 USD Wall may want to provoke a clear decision where price wants to go. If it goes down, he sells, if it goes up, he buys?

It wouldnt suprise me if both walls would belong to the same owner

@all: How good is the signal produced by one wall bought in this case? In other words: Would you buy/sell depending on the outcome of this stand off?

I would discount the event in which one wall would get pulled before substantially reduced by executed orders as a valid signal. So one wall HAS to be bought for this to have any meaning to me.

I think we will retest 100 now. EMAs 10 and 21 (Goomboos) look good in 1hr and 2hr chart (my favorite periods for them), PSAR of 4hr chart as well, Bollinger Bands of 4hr and 6hr charts get narrow while we are on the upper half and rising, we just laid down a tripple bottom on the 88 USD resistance, although with little volume, and the Fibonachi retracements of the last big moves from 65 and 104 and from 104 to only 86 look quite bullish.

On the other hand there is a plethora of resistances coming up ahead all the way to the menacing 100 USD resistance, we had little volume so far to fuel the rocket and resemblance to the 2011 bubble would suggest that we simply keep bouncing off that resistance till we break it at low levels, lower then these for sure. Add to that that no real capitulation stage could be felt yet in these forums, so we may just as well dip down after a small sucker rally on low volume 

Time will tell but I think we are at least in for another resistance test.

Be my guest

If this baby goes down though, I believe 90 is no save bet as we will at least go back to 70, maybe lower.

I wonder whether the SEC knows. In any way, he would be stupid if he turned them into fiat now when prying eyes are watching closely. I guess those BTCs will sit where they are till everybody forgets about this case, which can be quite a looong time Rally?

How does that come together? $164,758/86,202BTC = 1,91 USD/BTC???

We never even went that low!

By the time he started his scheme I think the price was around 5$/BTC for a couple o month, towards the end it was around 10 bucks and peaked at 15.40 USD. My god I knew he was a terrible trader, racking up losses with his erratic market moves, but SUUUCH an abysmal trader, I srsly cant believe it, how much losses did he haul in in total then?

If US customers are specifically targeted by Bitstamp, it clearly is subject to US regulation (from an US point of view). Same thing if it only did business with US customers but was completely kept in Slovenian or something, thus not specifically targeting US citizens, US laws would still apply.

The only question is: "Can the US authorities excert their power over Bitstamp or not?". If Bitstamp has no legal representation in the US, it may not be liable to court orders or prosecution but may as well be shut down if the American authorities extend their influence across the Atlantic which is very narrow between the US and the UK, if you know what I mean.

This is how bitcoin-24.com got shut down btw. It targeted German customers but was incorporated in the UK as well. The banks didnt care.

Costa Rica

Pura Vida Mae!

mind blown.


That was the most interesting watch in a long time thx!
Is there anything else like this to watch? I think I ll pick up his latest book when I come across it.

True, this is a critical point, if we can establish the price above 100, 105ish, the downtrend seems broken and price discovery starts upwards with a rally.
If not however...
unfortunately this piercing of 100 didnt result in an instant rally and seems very whale driven to me. Order book depth is rather thin atm. I guess everybody is waiting for the 105 to break or the collapse of the whale's efforts. RSI on any period between and including 1hr and 12hrs suggest that a break out is not a good idea right now, RSI on the 1d chart being at 57 atm speaks no clear language, but this level is certainly not the best for a trend reversal.

In any way, I hope that we get some clear message from the market soon and I think we have come to a point where it becomes more and more likely by the hour to get this message. The following days should bring a decision.

Thats what Chart Buddy would be good for. Sadly someone banned him from this thread..
Now we cant verify this claim by looking up month old order book depth!
Is there some place chart buddies output can be looked up?

MtGox looks like it goes lower:




BitStamp also looking red:

2600 BTC on Gox to set new low at 147$ --> next stop 140$
1800 BTC on Gox to 160$ to recover 100%

Nobady can predict what will happen with certainty. If senate or congress against all odds dismisses the dept deal we go UP UP!
If not it depends on those trendlines (those under the current price are called "supports", those over the current price are called "resistances"), price tends to bounce off of them before it gets through. This way you can see where and when things become interesting, think of them as forks in the road, they show you where price will go once it has decide which fork to follow.

We know we are in a bubble if supports are never touched and we have to draw new supports at an increasing rate (of course over a couple of months).