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

[Davyd05]

The market bought on hype and now it will correct itself

That wall was eaten by 100 and 1000 coin bites. Hardly your average market players.

1000's of new Bagholders that will panic cut loose if another early adopter divest.

So butt hurt . That or youre just bitter

It be reasonable to say following some high volume sub 300 we should expect some profit taking from people who caught knives.

[1714572926]

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[1714572926]

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[ShroomsKit]

And of course right away some twat puts up an ask wall. Because it hasn't been enough already.

[aclass]

Yes, whoever bought from that wall deserves to make some money. They took risk and it should be rewarded.

Now all those 30k coins will diversify on the other exchanges.

[Davyd05]

Yes, whoever bought from that wall deserves to make some money. They took risk and it should be rewarded.

Now all those 30k coins will diversify on the other exchanges.

not just that, it delivered confidence to hodlers, but as a side note I think were watching a battle for a green 1d candle, lots of people are enjoying buying sub 320, and then some people buy up to the walls near 323. I would expect a continuation of dumping if we fail to buy up and secure 330ish

this battle started pre 30k wall, as btc-e bitfinex and huobi wer already near the 330 marks, however for all those fucks who over the summer claiming it was so boring..you better be awake and have popcorn in hand, I spent the entire weekend as such enjoying the roller coaster, learning how much I believe in bitcoin and not only its fiat price.

[mmitech]

Bitstamp is totally exhausted, I think there will be still some downtrend.

[Davyd05]

Nice timing as they buy up to 330, to be hit by a manip dump to slow the push.

[btcney]

bearwhale buying back? 

[ShroomsKit]

Everyone is going nuts.

[magicmexican]

Stamp > btc-e, what is this sorcery?

[wachtwoord]

About time we saw some action. And what action it is  

[aclass]

I spent most of my weekend monitoring the game as well. I even bought some for the fun of it and I will buy some more depending on the trend.
btc-e rally started when the 30k wall was almost gone. It was purely on the hype that the wall will be gone in minutes. Now let's hope we stay above 300. Either way I'm in bitcoin to stay

Yes, whoever bought from that wall deserves to make some money. They took risk and it should be rewarded.

Now all those 30k coins will diversify on the other exchanges.

not just that, it delivered confidence to hodlers, but as a side note I think were watching a battle for a green 1d candle, lots of people are enjoying buying sub 320, and then some people buy up to the walls near 323. I would expect a continuation of dumping if we fail to buy up and secure 330ish

this battle started pre 30k wall, as btc-e bitfinex and huobi wer already near the 330 marks, however for all those fucks who over the summer claiming it was so boring..you better be awake and have popcorn in hand, I spent the entire weekend as such enjoying the roller coaster, learning how much I believe in bitcoin and not only its fiat price.

[medialab101]

Had to step out for a bit... What did I miss? Bearwhale manipulator dead? We can go up?

[jeezy]

Had to step out for a bit... What did I miss? Bearwhale manipulator dead? We can go up?

Nope. Still active. Bear with us.

[Totscha]

Had to step out for a bit... What did I miss? Bearwhale manipulator dead? We can go up?

Nope. Still active. Bear with us.

I see what you did there

[superresistant]

 
That buyback...

People have no idea what they are doing.

[ChartBuddy]

Explanation

[mooncake]

Bitstamp is totally exhausted, I think there will be still some downtrend.

Perhaps.

From the tearing down of the 30,000BTC wall, it is clear that there is a huge demand from multiple buyers. From the pattern of buying, some of them buy little, others buy a lot.

But we need to bear in mind that we had gone down from $1,200 to $300. I am inclined to believe that this is the work of the minority, who might be manipulators.

Whether or not we continue the downtrend will depend on the plan of these manipulators.

[medialab101]

Sure got quiet here all of sudden. Thought the forum would be buzzing with all that's happened today.

[nanobrain]

Hilarious reading all the guess from people who can't be bothered to read back.

To clarify: MK has taken over BitStamp, has stopped withdrawals and reinstated 'Willybot"; the EFT has been announced; Africa adopted BTC continent wide....oh and Shroomsy made a packet.

Did I miss anything?

[mmitech]

Bitstamp is totally exhausted, I think there will be still some downtrend.

Perhaps.

From the tearing down of the 30,000BTC wall, it is clear that there is a huge demand from multiple buyers. From the pattern of buying, some of them buy little, others buy a lot.

But we need to bear in mind that we had gone down from $1,200 to $300. I am inclined to believe that this is the work of the minority, who might be manipulators.

Whether or not we continue the downtrend will depend on the plan of these manipulators.

The sale of that 35KBTC wasn't any kind of manipulation, a manipulator would put a wall and make others sell into his bids, but it was clear that this guy had no intention to buy, but he wanted to get the hell out....now, enough money has to be wired to build up the broken support otherwise the weekly and daily dumpers have a very thin bid book all over other exchanges, but the thinnest is at Bitstamp, this was clearly resulted by people cancelling their bids and buying into the wall.

At the moment it is not yet clear what will exactly happen, it is the start of the week, we will see how much money will be wired and if people will want to instantly buy or put their bids into the book.