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

[mooncake]

All of a sudden the bears appear

Bitfinex  about $470 ~1500 BTC wall
about $475  ~650 wall


OKCOIN about 2855   ~500 BTC wall

Bitstamp all the way up to $465 about $2800 BTC wall


Most likely those wall won't get filled

And the pattern keeps repeating... Where do the coins come from???

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[Davyd05]

All of a sudden the bears appear

Bitfinex  about $470 ~1500 BTC wall
about $475  ~650 wall


OKCOIN about 2855   ~500 BTC wall

Bitstamp all the way up to $465 about $2800 BTC wall


Most likely those wall won't get filled

And the pattern keeps repeating... Where do the coins come from???

you don't run out if you re buy on the ensuing panic, slash maybe whale wallet flexes.

[dropt]

All of a sudden the bears appear

Bitfinex  about $470 ~1500 BTC wall
about $475  ~650 wall


OKCOIN about 2855   ~500 BTC wall

Bitstamp all the way up to $465 about $2800 BTC wall


Most likely those wall won't get filled

And the pattern keeps repeating... Where do the coins come from???

Well there are >13 Million in circulation.

[Buo]

Can we stop going down, come on buy some bitcoins and stop those whales. $460 now...

[qewbicle]

I think the walls are temporary. They are intended to lock in a price while the money is being deposited into the exchange. Then they'll be lifted two seconds before a large purchase of 1200-2000 Btc on Wednesday or Thursday morning between 6-9 am PDT. Watch for a $15-25 spike then there will be a quick sell off by miners to cash in on the pump. A price war then a push down with small walls before another big buy then a push down so miners are forced to lower the price for the next move in two weeks where trading will be forced to $415 for a better buy of 2000-2800 Btc. Makes you wonder...

[adaseb]

Honestly there is NO REASON why BTC will rally from this area.

Huge trendlines are against it

There have been GREAT news regarding bitcoin but every rally gets sold off

Seems most of the coins entering the market are being dumped by multipools

I maybe be wrong but it doesn't look like this area will hold, it might go to $1000 one day but it will probably break $400 or lower.

[mooncake]

I think the walls are temporary. They are intended to lock in a price while the money is being deposited into the exchange. Then they'll be lifted two seconds before a large purchase of 1200-2000 Btc on Wednesday or Thursday morning between 6-9 am PDT. Watch for a $15-25 spike then there will be a quick sell off by miners to cash in on the pump. A price war then a push down with small walls before another big buy then a push down so miners are forced to lower the price for the next move in two weeks where trading will be forced to $415 for a better buy of 2000-2800 Btc. Makes you wonder...

Such detail. Much preciseness. So wow.

[Hiro_Y3k]

Since August, experienced traders have been in easy accumulation mode as they break weak holds. Best believe they'll want to profit too.

[samsonn25]

Since August, experienced traders have been in easy accumulation mode as they break weak holds. Best believe they'll want to profit too.

Traders buy low and sell high, or sell high and buy low.  They dont just accumulate.  Are you saying taders have been buying since $600 in August and its still sliding to about $460 now.  That means they are fucked and losing their asses off.

Experienced traders would see the ema dropping under $620 in early August and got out or went short !

Now would be interesting time to accumulate as there is alot of support $400-450

[jeezy]

Bitcoin is about to race up to $1500 very soon. Something is brewing and it's not the news which will trigger it.

Is this confirmed?

[samsonn25]

All of a sudden the bears appear

Bitfinex  about $470 ~1500 BTC wall
about $475  ~650 wall


OKCOIN about 2855   ~500 BTC wall

Bitstamp all the way up to $465 about $2800 BTC wall


Most likely those wall won't get filled

And the pattern keeps repeating... Where do the coins come from???

The coins come from miners that sell millions everyday if they dont want to hold them longterm with uncertain price swings.

[relm9]

Honestly there is NO REASON why BTC will rally from this area.

Huge trendlines are against it

There have been GREAT news regarding bitcoin but every rally gets sold off

Seems most of the coins entering the market are being dumped by multipools

I maybe be wrong but it doesn't look like this area will hold, it might go to $1000 one day but it will probably break $400 or lower.

Not selling any coins, as I'm a long term hodler. However, I feel like it's going to keep going down until some of these large scale mining operations are driven out of business. With the lack of buying pressure, whales are forcing miners to sell lower and lower. This isn't like the early days where miners could recoup their losses easily by selling off hardware (GPUs) either, as the BTC price slides their equipment gets increasingly worthless since it only has one purpose. Some of these larger operations must be scrambling to sell off coins.

[nioc]

Bitcoin is about to race up to $1500 very soon. Something is brewing and it's not the news which will trigger it.

Is this confirmed?

Yes here is the link


https://bitcointalk.org/index.php?topic=178336.msg8854828#msg8854828

[samsonn25]

They have to sell alot of the coins as they are mined to recoup the capital investment for the asic machines, that are depreciating 40-50% every month in value.

[jeezy]

Bitcoin is about to race up to $1500 very soon. Something is brewing and it's not the news which will trigger it.

Is this confirmed?

Yes here is the link


https://bitcointalk.org/index.php?topic=178336.msg8854828#msg8854828

Thanks... BUY BUY BUY!!!1

[grappa_barricata]

We will 'explore' sub-450$ terra incognita soon, and perhaps stay there for some days or more... Giant green dildos will have to wait I'm afraid.

[amit123]

is it possible for bitcoin price to trade below 400:
strong yes    - 28 (25%)
strong no    - 10 (8.9%)
yes.    - 29 (25.9%)
no.    - 14 (12.5%)
idk but i cut my looses!    - 1 (0.9%)
IDK, but I say HODL!    - 30 (26.8%)
   
Total Voters: 112

Not many times I've seen poll results accepting a downfall..! almost 67% of feels that btc might trade below 400. Wait and watch if that happens.

[qewbicle]

I think the walls are temporary. They are intended to lock in a price while the money is being deposited into the exchange. Then they'll be lifted two seconds before a large purchase of 1200-2000 Btc on Wednesday or Thursday morning between 6-9 am PDT. Watch for a $15-25 spike then there will be a quick sell off by miners to cash in on the pump. A price war then a push down with small walls before another big buy then a push down so miners are forced to lower the price for the next move in two weeks where trading will be forced to $415 for a better buy of 2000-2800 Btc. Makes you wonder...

If anyone has the order book history of 9-4-2014 for Bitstamp, there were walls, then there weren't any, they can confirm this, check out this chart.
http://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2014-09-03zeg2014-09-05ztgSzm1g10zm2g25zi1gMACDzv

[ChartBuddy]

Explanation

[Hunyadi]

Wow that wall at 465 in Bitstamp