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

[FNG]

I guess the pump was based on the fake winning bidder's list, and now it's back to normal.  

Its called a correction

Sad bear is sad.

Dumb bear is dumb.

We will see 650 this week.

Told you bitches.

Probably by tomorrow or late U.S / early Asian trading.

[1715324224]

1715324224

[1715324224]

1715324224

[windjc]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

[dani]

Guys, I didn't watch anything btc related the last ~2 weeks and I didn't even look up whats behind the last price increase (last 2 days). But I was thinking that everytime people get fresh money on their bank accounts, the price rices due to the same reason. Poeple spend money to buy btc, everytime a pay check arrives.

Anyone else thinks the same way?

Any "real" reason for the price increase? I'll bet we'll see another downward trend in the next week, reversing and increasing by at least 10% by the end of next month..

Someone should run an autocorrelation on the price. Such an influence would show peaks at 2 weeks and 30 days (Also at 1 week but there would be other potential explanations for that).

#

for the past 4 months you could see an 10%+ increase every last day of the month to the next day. Source bitstamp on 1d. I had this feeling because I did buy everytime I received some fresh money. always at a premium.. but it's cool 

[derpinheimer]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

[Torque]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

I hope you are right, and I'm also in the camp that's not selling (buy and hold).  But I won't be convinced that real support is growing along with the buying until I see what happens during the next FUD shit storm (you know it's always right around the corner).  If support holds at say $580 or higher, then I'll agree that the market is getting more resistant to panic selling.  If we ever go back to $540 then it was all a mirage.

[MoreFun]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular.

[windjc]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

I hope you are right, and I'm also in the camp that's not selling.  But I won't be convinced that real support is growing along with the buying until I see what happens during the next FUD shit storm (you know it's always right around the corner).  If support holds at say $580 or higher, then I'll agree that the market is getting more resistant to panic selling.

We just broke up out of consolidation by $40 in less than an hour. We are going to at least $650. It's a no brainer.

[roslinpl]

Wohooo!!! We are goin up!!!


PREPARE 660 TRAINS PLEASE !!!!

[boumalo]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

I hope you are right, and I'm also in the camp that's not selling.  But I won't be convinced that real support is growing along with the buying until I see what happens during the next FUD shit storm (you know it's always right around the corner).  If support holds at say $580 or higher, then I'll agree that the market is getting more resistant to panic selling.

We just broke up out of consolidation by $40 in less than an hour. We are going to at least $650. It's a no brainer.

If it was a no brainer for most we will already be @ 650$; the trend is very positive, the sentiment is positive, the news have been positive and the charts indicate it is more likely that we go up than down

[derpinheimer]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular.

If this is the case, shouldnt it be visible somewhere in BFX stats? Also it doesnt make much sense for it to be split up in 200 asks if its a margin thingamabob from my understanding.

[windjc]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

I hope you are right, and I'm also in the camp that's not selling.  But I won't be convinced that real support is growing along with the buying until I see what happens during the next FUD shit storm (you know it's always right around the corner).  If support holds at say $580 or higher, then I'll agree that the market is getting more resistant to panic selling.

We just broke up out of consolidation by $40 in less than an hour. We are going to at least $650. It's a no brainer.

If it was a no brainer for most we will already be @ 650$; the trend is very positive, the sentiment is positive, the news have been positive and the charts indicate it is more likely that we go up than down

Nope. Profit taking. We are going to 650.

[kodtycoon]

guess its mostly manipulation what we see right now?!

You get the prize.  The whale held the price down, the whale removed his fake walls and then the whale bots simply kicked in and auto-bought.  Hoping to spark an uptrend.  Now the same whales bots are selling back down due to lack of buying pressure (ie., REAL market buyers).  

I'm convinced now that for the time being, this market is still in a lull.  I'm not seeing any real buyers back in this market yet, just whale bots buying/selling to themselves.  The lack of volume and real demand is telling.

Lack of sellers more telling. This market is going up.

I hope you are right, and I'm also in the camp that's not selling.  But I won't be convinced that real support is growing along with the buying until I see what happens during the next FUD shit storm (you know it's always right around the corner).  If support holds at say $580 or higher, then I'll agree that the market is getting more resistant to panic selling.

We just broke up out of consolidation by $40 in less than an hour. We are going to at least $650. It's a no brainer.

If it was a no brainer for most we will already be @ 650$; the trend is very positive, the sentiment is positive, the news have been positive and the charts indicate it is more likely that we go up than down

when could it be expected to reach 50? tonight or the morning? day after? have to reluctently cash a couple btc out. :/

[windjc]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular.

If this is the case, shouldnt it be visible somewhere in BFX stats? Also it doesnt make much sense for it to be split up in 200 asks if its a margin thingamabob from my understanding.

Oh yeah, that wall is so real.😜😜😜😜😘

[MoreFun]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular.

If this is the case, shouldnt it be visible somewhere in BFX stats? Also it doesnt make much sense for it to be split up in 200 asks if its a margin thingamabob from my understanding.

What stats? Orderbook are stats. This whale previously had 3 large walls, then he created this artsy slope.

[derpinheimer]

Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?

I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though.

This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May)

And, the bid sum is at the lowest since it's been recorded (4mos)

Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal.

This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular.

If this is the case, shouldnt it be visible somewhere in BFX stats? Also it doesnt make much sense for it to be split up in 200 asks if its a margin thingamabob from my understanding.

What stats? Orderbook are stats. This whale previously had 3 large walls, then he created this artsy slope.

Doesnt BFX have stats on margin calls, etc?

Also, no, it did not have 3 large walls previously. This 7k is all "fresh"



EDIT: "wall" pulled

[kodtycoon]

have to cash out a few btc. better now or in the morning? whats the odds its hits 650-660 tonight?

[derpinheimer]

have to cash out a few btc. better now or in the morning? whats the odds its hits 650-660 tonight?

74.9998%

[kodtycoon]

have to cash out a few btc. better now or in the morning? whats the odds its hits 650-660 tonight?

74.9998%

thats a very exact percentage? :L how did you come up with that?

[derpinheimer]

have to cash out a few btc. better now or in the morning? whats the odds its hits 650-660 tonight?

74.9998%

thats a very exact percentage? :L how did you come up with that?

Well, I took a piece of paper and rammed it real hard up my ass. Just as you asked, I noticed a tickle around my butt. Sure thing, the answer was out. However, that was for $635. $650 is only 12.4106%.

[ChrisML]

have to cash out a few btc. better now or in the morning? whats the odds its hits 650-660 tonight?

74.9998%

thats a very exact percentage? :L how did you come up with that?

Well, I took a piece of paper and rammed it real hard up my ass. Just as you asked, I noticed a tickle around my butt. Sure thing, the answer was out. However, that was for $635. $650 is only 12.4106%.

Fuck, this made me laugh.