1. Those bid walls are mostly fake. They get pulled when the price moves towards them.
2. Those bid walls are mostly fake. As soon as you see a fast enough upswing move, you'll see bid walls disappear and ask walls being placed against the move.

Why is that?
A. (Bots) To catch crazy market orders. E.g. if someone sells 14k coins the market will bounce quickly and the bots make profit from catching the market order and selling back higher.
B. (Manipulators) To manipulate the simpletons into believing that support/resistance are stronger than they actually are. So the price moves in the opposite direction of the wall and the manipulator can lower the slippage of his real move, e.g. he can sell at a higher price than his bid wall or buy at a lower price than his ask wall.

Am I right?

OK, the "news" moved the market down, but nobody is really moving it back up.

Word is out that BitPlastic is a scam? This one seems more professional. I'm checking, I might buy the card...

Reddit r/Bitcoin has less than 50 new users per day. That used to be over 1000 new ones per day for weeks.
Number of daily transactions is on a two-month downtrend which has fallen below its exponential trend line.
Total USD daily transaction value is also still decreasing, week by week. Scaling that index to the levels of the past (when possibly Gox wasn't already cooking their books and propping the price up) is depressing to say the least.
The volume on exchanges is ridiculous. Closer to when we were at 100$ than to 400.

How could a massive short squeeze be in the making?
What I see is oblivion coming. Either that or a steady painful decline like 2011. Painful to me as I'm almost all in.

The markets have become as interesting as a sunday afternoon in the suburbs. Small traders flipping a few thousands are doing all the talk in the wall observer thread.

I can tell you how I felt when I saw Stamp was still not allowing logins, and I'm not pleased of not finding any reminder to change my password at all now that I can login.
I withdrew most of my coins back to personal wallet but I can imagine weaker hands just selling off and ordering cash withdrawals.

I expect more people to give up on crypto in the next days because of the OpenSSL scare.

Not a single trade in Stamp in the last 17 minutes. The site is up. Is the trading API down or simply no one is trading?

Wow. I can watch any major exchange doing no trades at all for a minute or more.

Eh, okay. You don't have to be smart about it.

What with Stamp now on a solo mini rally?

In a bearish ladder downtrend, people can sell and then buy back multiple times in an attempt to catch bottoms / cut their losses. At each step, some of them decide to exit the market, creating extra supply that, if not balanced by new buyers, will cause next crash.

So: one whale dumped, some hodlers capitulated, the market is otherwise stalled and depressing, rinse and repeat

It is as sad as this: it did not break the resistance at 460 so the 101 TA gamblers decided it must go down.

Brace yourselves again.

What if TERA is right?

Much fear

The four small red candles in Huobi's 15m chart are the likely cause that made someone surrender 500+ coins on Stamp... Huobi seems to be able to lead even while sleeping.

The market makers are sleeping. It's middle of the night in their timezone...

It likely is. That is why I look at how it is trending not what the absolute numbers are.

Comparing 1D volume trends Huobi vs Stamp, it looks like this rally is, once more, Chinese led.

Care to explain the logic you used to lay those lines?