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

[Miz4r]

Wallzilla being chewed ATM, seems legit

Crazy whales buying +$500k in coins at $108 when they could buy below $100? What's up with them? What are they smoking?

They didn't know it was going to go up to $108, and they want Bitcoins.  Hindsight is always 20/20..

But... But... look at the depth... If he pulls that $500k wall the price will slide down till at least $105, probably till $102... Buying $2, $3 or $4 cheaper it's always better, with that volume we are speaking about 100BTC more... Enough to be a supernode!!

The greater good. Showing people that this is a good buy in point by staking his own capital. This is market confidence.

It's called bait and switch.

I think it's just bait. He might very well be buying his own wall for all we know... a good show of "support".

This is my feeling too. Anyhow, I'm so used to "fake" walls that get immediately pulled as soon as the price get close to them that it kinda puzzles me to see a wall like that being chewed in this kind of slow and bearish market. And that wall was really chewed, not a lot because the volume is low, but it was chewed indeed and it didn't moved a single inch.

Boh... Will see... I'm not buying, that's for sure.

If my memory serves me well i think there was a 7k bid wall at $130 that looked legit and it got eaten, it was pretty much like this.

I'm not buying also, i sell at 95€ so i have a little margin.

That wall was at $125 and it was put up during a downtrend just after the top of a 2-3 week rally. This wall was put up during the start of a rally, after it had already gained about $7. Quite a difference imo.

[dexX7]

No worries, the wall at 108 has been there since we went below 108 days ago.

[Jozzaboy]

Well as for bait, there is something going on...
Bids before the wall are regularly sweeped.

Well, I may or may not have my stop loss behind that wall. After a purchase at 100, It's still a healthy profit.

[KS]

fasten your seatbelts

edit: that or he put the wall up to hold the price so he can go to bed. fake transactions have stopped too (and now everything is very at a standstill - lag?).

[BitPirate]

No worries, the wall at 108 has been there since we went below 108 days ago.

We made it all the way to 113 before either of the walls we see now sprang up. ;-)

Just ignore the walls... we were due an upward correction. It's not over yet.... once the people selling for $5 below market price realise that they're pissing potential profits away we can resume.

[ElectricMucus]

[...] The kind of my position is not really related to market sediment, at least I try to keep it that way.

I guess you trade quite often/short term then. Probably makes sense in that case. I try to not trade more than once every 2 weeks or so, cause: lazyness. Also, sediment?

You guessed correctly. I am USD when I do not have a entry point where I know my exit condition in under 3 days.

[Jozzaboy]

No worries, the wall at 108 has been there since we went below 108 days ago.

We made it all the way to 113 before either of the walls we see now sprang up. ;-)

Just ignore the walls... we were due an upward correction. It's not over yet.... once the people selling for $5 below market price realise that they're pissing potential profits away we can resume.

What is your bet for next top? I'm feeling 120. If it makes it to 130+, I'm laughing!

[Rampion]

Wall getting chewed... Crash or die!

[BitPirate]

No worries, the wall at 108 has been there since we went below 108 days ago.

We made it all the way to 113 before either of the walls we see now sprang up. ;-)

Just ignore the walls... we were due an upward correction. It's not over yet.... once the people selling for $5 below market price realise that they're pissing potential profits away we can resume.

What is your bet for next top? I'm feeling 120. If it makes it to 130+, I'm laughing!

No idea really....

Traditionally Tues - Thurs are rally days....

It really depends on whether people are still unnerved by the dumpers, or whether long-term speculation can overcome the short-term speculators.

I'm reluctant to draw any conclusions until tomorrow :-)

I don't see any smart money being on a crash right now though.

[TheKoziTwo]

406.9632 sold, wall not moving.

[fr33d0miz3r]

the wall has been touched

[KS]

the wall has been touched

you make it sound so dirty!

[Miz4r]

The whale is getting fed and he likes it. Wonder what happens next... possibly going down to 106-107 before retesting 110-112 again.

[kickinyou]

Now is the time for last profit before we go down

[TheKoziTwo]

Sold a little into the wall, he he, looks like we're gonna profit from that.

[KS]

wall gone

[Jaroslaw]

Dont thanks me for destroin this wall Have a nice day bulls

[ShroomsKit]

What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!

[fr33d0miz3r]

the wall has been fucked

[TheKoziTwo]

At least the wall was real. That's kind of bullish