BTC/USD Price Watch Discussing Bitcoin Movements

BTC Price Watch A community-driven initiative for all Bitcoin enthusiasts. Whenever there's a big shift in market depth, drop a new depth chart here, and feel free to share a solid price chart with some technical analysis. If you have something valuable to add, jump in! Just a heads up, non-TA posts will get deleted. Posting rules: Keep this thread tidy. I’ll be removing off-topic stuff. No random comments unless they’re directly about the last update (like if the 20K ask was pulled after testing it). When sharing charts, use bitcoincharts.com, mtgoxlive.com, btccharts.com, or bitcoinity.com (info might be outdated). What to do: Share your TA and news related to Bitcoin, have some light-hearted debates, and just ignore the trolls. What not to do: Don’t be overly dramatic. As requested, I’ve kicked off a new thread. This is now a self-moderated space. I’ll do my best to keep it focused on facts, current trends, past movements, and depth charts. I promise not to delete posts just because I don’t agree with bearish analysis. Thanks for contributing! Disclaimer: Everything in this thread is for fun and not financial advice. *Note: This thread was started by adamstgBit, and I took over after he disappeared.

Wall post!

So now we have to stay on topic all of a sudden? Alright, here is a wall pic and I predict the price to reach $1000 before July and $10k before 2014.

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife. you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  ) but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down. I think if we are not already at bottom, its not too far down...

Volume around $50 was insane. The resistance at this price will now be over 9000, or something.

ok, on topic: Here you can see the big buy wall at $50 that a large amount of people have put up in case the price drops while they are AFK. After reading the forums all day - and a lot of "old hand" at that - it seems $50 is the most talked about bottom. Perhaps a psychological sticking point if you will. This is my first attempt to read this chart publicly... Also, could someone please tell me what the green line represents exactly?

good post. when / if we drop down to 50's for good, everyone will be talking about 40$ being the bottom   the green line is the price moving up and down during the last 12h of trading.

Notice the pattern in price every 24hrs.. Is a drop of almost $10 ***** April 16th 2013***** ***** April 15th 2013***** ***** April 14th 2013*****

Don't you think we'll re-test the ~$50 price beforehand?

doubtfull,the 50$ floor is not imaginary. it all comes down to psychology sellers don't want to sell below 50$ buyers are happy to buy tons at 50$ ... RALLY!

70 gone

looking at this chart I wonder how many people would have an incentive to borrow money at high interest just to paint some volume for us TA experts. I mean seriously, if I wanted to cash out 200k bitcoins, I would easily pay 30% p.a. interest for three weeks to borrow $10M. Given the only risk is that MtGox will not give me back my money I guess it would even be easy to convince some wealthy friend who is not at all into Bitcoin.

Someone is throwing up big bid walls

Million Dollar (14K coin) Bidwall just went up @ $70!  Hope it holds.

Looks like we've run out of panic sellers.

But that's the thing with these.  Does someone want to buy a lot of coin and not move the market prices?  Or does the wall encourage an upward trend since it is well, a wall?  Or rather, downward pressure for tons of people to sell into and it can maybe hold?  Or... all of the above?!

I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours. So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.

'tis a valid point.