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

[ensurance982]

I think it's obvious why I just went to this thread... the ask wall! What are the most probable explanations? Adam just mentioned we don't seem to know the reason? And why is the bid wall fake and the ask wall isn't? Has it been put up in order to counter that big ask wall?

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[abercrombie]

Tare it down!!! Time is now!!! go Go GO!!!!!!!!!!

[Sandia]

Bfx ready to touch its wall, too.

[catena5260]

Weekend are dump times, and also considering we already aren't above 510, I think it is a no for the poll.

I think question if we are going to stay above 500 all the weekend is more reasonable

[derpinheimer]

I think it's obvious why I just went to this thread... the ask wall! What are the most probable explanations? Adam just mentioned we don't seem to know the reason? And why is the bid wall fake and the ask wall isn't? Has it been put up in order to counter that big ask wall?

The bid wall has followed the ask wall within 5usd all the way from $515 down to $500 now.

The ask wall originally appeared fake, but about a third has sold and it's still there. You can watch the bid wall flee every time the price drops, and move up as it rises. A serious buyer would not do this.

It's possible the bid wall is there on order to entice buyers to eat the ask wall.

Regardless, the ask walls on bitfenix, okcoin, and bit stamp total about $2m USD, so even if all of it is eaten... That's a lot of the current buying power gone. Rocket seems unlikely.

[600watt]

r.i.p. hal



http://www.coindesk.com/bitcoin-pioneer-hal-finney-passes-away/

[NotLambchop]

Take up the ark of the covenant, and let seven priests bear seven trumpets of rams' horns before the ark of the Lord...

Worked once...

[esse83]

I think it's obvious why I just went to this thread... the ask wall! What are the most probable explanations? Adam just mentioned we don't seem to know the reason? And why is the bid wall fake and the ask wall isn't? Has it been put up in order to counter that big ask wall?

The bid wall has followed the ask wall within 5usd all the way from $515 down to $500 now.

The ask wall originally appeared fake, but about a third has sold and it's still there. You can watch the bid wall flee every time the price drops, and move up as it rises. A serious buyer would not do this.

It's possible the bid wall is there on order to entice buyers to eat the ask wall.

Regardless, the ask walls on bitfenix, okcoin, and bit stamp total about $2m USD, so even if all of it is eaten... That's a lot of the current buying power gone. Rocket seems unlikely.

Yeah, could be the same guy behind both the ask and bid wall. Guess we will know if the bid wall disappears after his coins have been bought.

[fonzie]

Time for some positive spirit!

[Wandererfromthenorth]

the market doesn't want to go down

it has already dropped and will have to drop without any choice

Maybe there's a method to save us from going down by ask wall manipulation.

I'm working on a dissertation about economics and seeing this heavy manipulation on bitcoin markets I got a brainwave how to stop this manipulation!

Until now it's only a very rough idea and I don't know exactly if it could work but I will call these things with cool names like bid wall, demand and support!

I'm a very cunning guy, too! Oh soooo cunnnning I aaaam! And I will find some way to fight against this manipulation!

And if not, well, we could call the government to stop it!

BTC is a free market! we don't want regulation!!! Governments cans suck it! 

But wait, I lost money because i got margin called on a manipulation flash crash, and now some dude doesn't want to send BTC to da mooon with a sell wall???
Where is the government when you need it?

#r/BitcoinLogic

[ChartBuddy]

Explanation

[adamstgBit]

wall has auto regenerative shielding. impressive.

that or bitcoinity is just messed up again.

[Sandia]

I think it's obvious why I just went to this thread... the ask wall! What are the most probable explanations? Adam just mentioned we don't seem to know the reason? And why is the bid wall fake and the ask wall isn't? Has it been put up in order to counter that big ask wall?

The bid wall has followed the ask wall within 5usd all the way from $515 down to $500 now.

The ask wall originally appeared fake, but about a third has sold and it's still there. You can watch the bid wall flee every time the price drops, and move up as it rises. A serious buyer would not do this.

It's possible the bid wall is there on order to entice buyers to eat the ask wall.

Regardless, the ask walls on bitfenix, okcoin, and bit stamp total about $2m USD, so even if all of it is eaten... That's a lot of the current buying power gone. Rocket seems unlikely.

If he is really trying to sell (which now seems likely as his walls get attacked but stayed in place), he must be an amateur.  He picked a method  that guaranteed a low selling price.

Since we were on a slow, steady uptrend, why not place limit orders of 20 coins every 1-2 USD rise?  Or drop a 20 coin market order every 20 minutes?  Or even a straight 4000 coin market sell spread across multiple exchanges?  Or better yet, just hold as the price was rising?

He placed the wall, and the price dropped $6.  So he moved his walls down.  And again.  So he is not selling at 516 or 520, he is selling at 506 and 507.  

It was very poor execution, or something more complicated than dumping 2M in btc is happening.

[thewayshegoes]

Get your popcorn ready.

[KFR]

[hd060053]

finally this stupid wall is falling.

[ChancellorOnABrink]

Haha @ Bitfinex wall guy !!

[adamstgBit]

[600watt]

someone dumped $ 450 500 k on stamp.

 

[ensurance982]

This is pure joy and simply a warm feeling: (source: http://bitcoinity.org) That wall didn't even see it coming, I guess