Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[windjc]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

[1714479856]

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[1714479856]

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[windjc]

all as usual:
...only some hesitation / staring at the screen / biting on nails / hoping - until it has got enough attention by the market
until the first start to sell because they can't stand the stress / want to secure in fiat
then it drops because the other sheep follow in panic...

(sell before ist starts to drop  )

I watched all the news releases before... they used to be impulsive, now they are corrective.
It was around 12 bans ago that we were at 450... here we are again.
a gaming company just bought 40k BTC.... there's your fresh fiat.
The market is preparing for the next key date... 10 may. By the way it is behaving now, Id say it is preparing to reverse by that date, as one would expect.

Blah blah blah blah (hope, hope, pray, hope).

Show me some fresh fiat and I will show you a reason we may go up. Until then, fuggitaboutit.

[dreamspark]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

What data are you looking at that indicates that no fresh fiat is coming into the market?

[windjc]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  

What data are you looking at that indicates that no fresh fiat is coming into the market?

Easy. When fresh fiat hits the exchanges like Bitstamp we see buying that is not occuring on other exchanges. For instance in November it was obvious.

Plus you can just email whatshisface at Bitfinex and he'll tell you how much new money is coming in the exchange. In November is was around $1 million a day to Bitfinex.

As for Houbi, just look at their volume. It is steadily declining every week.

[gizmoh]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

What data are you looking at that indicates that no fresh fiat is coming into the market?

Continuing decrease in total bid sum is a major indicator.:

http://coinsight.org/bitstamp

[niothor]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

What data are you looking at that indicates that no fresh fiat is coming into the market?

Probably his own bank account ?
And I don't know why this fiat has to be fresh! My has been sitting for a few months on stamp i think is actually rotten.

[niothor]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  

What data are you looking at that indicates that no fresh fiat is coming into the market?

Easy. When fresh fiat hits the exchanges like Bitstamp we see buying that is not occuring on other exchanges. For instance in November it was obvious.

Plus you can just email whatshisface at Bitfinex and he'll tell you how much new money is coming in the exchange. In November is was around $1 million a day to Bitfinex.

As for Houbi, just look at their volume. It is steadily declining every week.

For me this is just another reason to think that Houbi is faking the volume bigtime. I would have expected it to drop like a stone after the last news... but no way .. the monkeys are still doing their job.

[magicmexican]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

I agree, but there is a small chance of patten being broken, i am not betting on it, just keeping an open mind.

But i do expect more red candles.

[windjc]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

What data are you looking at that indicates that no fresh fiat is coming into the market?

Probably his own bank account ?
And I don't know why this fiat has to be fresh! My has been sitting for a few months on stamp i think is actually rotten.

Interesting that you mention that. Because these rallies that we see - 710, 545, etc. - this are basically caused by money sitting on the sidelines and margin. Its not new money - so it has a limit on how far it can go. And with money leaving the exchanges, each time it can only go up a fraction of what it did the time before.

Thats why we can have such violent upswings, because so many "believers" are waiting to buy. But compared to the 1200, there aren't nearly enough "believers" to stage a real rally.

[rpietila]

In a 0...9 scale of relative price, we are now at 0.2.

It is a good opportunity to short.

It's the time to finish the bad traders.

[mah87]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

I agree, but there is a small chance of patten being broken, i am not betting on it, just keeping an open mind.

But i do expect more red candles.

so funny to see all the bull becoming wise bear finally

[solex]

Continuing decrease in total bid sum is a major indicator.:

http://coinsight.org/bitstamp

For me, this site has been frozen for at least 6 hours. I think it has stopped updating.

[dreamspark]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  

What data are you looking at that indicates that no fresh fiat is coming into the market?

Easy. When fresh fiat hits the exchanges like Bitstamp we see buying that is not occuring on other exchanges. For instance in November it was obvious.

Plus you can just email whatshisface at Bitfinex and he'll tell you how much new money is coming in the exchange. In November is was around $1 million a day to Bitfinex.

As for Houbi, just look at their volume. It is steadily declining every week.

Fair enough but just because people arent buying right now doesnt mean theres no fresh money waiting on the sidelines.

Plus theres a big loss of trust on exchanges and people generally arent looking to keep money on them making it more likely that it will all come rushing in once a trend reversal is more obvious.

On the one hand your saying people are idiots for buying now, China isnt over, nothing can happen until the exchanges admit defeat.

Then saying wheres the fresh money thats indicated by buying.

So what your really saying is where are the idiots?

Good I hope Huobis volume shrinks to near nothing and it gets taken off the front page of all the charts and we move on...

[ChartBuddy]

Explanation

[windjc]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  

What data are you looking at that indicates that no fresh fiat is coming into the market?

Easy. When fresh fiat hits the exchanges like Bitstamp we see buying that is not occuring on other exchanges. For instance in November it was obvious.

Plus you can just email whatshisface at Bitfinex and he'll tell you how much new money is coming in the exchange. In November is was around $1 million a day to Bitfinex.

As for Houbi, just look at their volume. It is steadily declining every week.

Fair enough but just because people arent buying right now doesnt mean theres no fresh money waiting on the sidelines.

Plus theres a big loss of trust on exchanges and people generally arent looking to keep money on them making it more likely that it will all come rushing in once a trend reversal is more obvious.

On the one hand your saying people are idiots for buying now, China isnt over, nothing can happen until the exchanges admit defeat.

Then saying wheres the fresh money thats indicated by buying.

So what your really saying is where are the idiots?

Good I hope Huobis volume shrinks to near nothing and it gets taken off the front page of all the charts and we move on...

Well basically I'm just a little annoyed at all the people trying desperately to believe that there is a reason we are going to go up from here. They need to let it rest already. We maybe closer to the bottom than we are removed from the ATH, but there is nothing we can do to fight it.  It has to run its course and to ignore all the signs is just silly.

This China thing has to unwind and then we have to have new investors. Both those things have to happen before we climb back from 420 or 400 or 340 or 270 or 150 or wherever we have to fall to.

Maybe its almost over, but except for lack of sellers - there are no current bullish signs! Thats the only one. Buy volume is pathetic. Pathetic.

People are refusing to sell. Thats the only thing keeping the market up.

Maybe it will mean we only fall to 420 or 400 eventually. Or maybe its just prolonging the eventual fall much lower.

But everything else right now is just wishful thinking.

[pepo]

HOLD HOLD HOLD!!!

[dreamspark]

Continuing decrease in total bid sum is a major indicator.:

http://coinsight.org/bitstamp

That chart isnt showing current data, the bidsum is showing as less than 8 mill which it was for a short time yesterday.

Its now just under 10 mill so makes that chart look much different.

Its been around 10-11 mill for a good few weeks now.

In general it has been going down but nowhere near as extreme as that shows.

[niothor]

HOLD HOLD HOLD!!!

I am pretty sure you misspelled this.
It's HODL!!!!

[JayJuanGee]

Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time? 

NO bull needs to bring up the topic, b/c you bring up the topic every other post.  hehehehe... 

[dreamspark]

Huobi pumping and Stamp and Finex looking at each other like WTF