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

[jertsy]

seems the 22k bid wall on finex is gone?! 13k left!

The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.

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[Dilla]

What will happen when the wall is gone?

[BitofaN1]

I for one am gratefull to that whale.He stuck with us for more than a week, and took the brunt of the bear army valliantly.Without him we would have been in the lower 230s.

[hdbuck]

What will happen when the wall is gone?

[JorgeStolfi]

I can see Noah building the ark, initially planning to save his whole town. Then after enough of them made fun of him he's like...fuck it, I'm just putting animals and my family on this thing. Hope you can swim assholes.

Best Biblical exegesis ever. 

[JorgeStolfi]

seems the 22k bid wall on finex is gone?! 13k left!

The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.

Indeed, there were many small equal bids equally spaced, that were removed all at the same time.  Leaving many slighy larger bids, equally spaced with double the step.

[Torque]

seems the 22k bid wall on finex is gone?! 13k left!

The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.

<image snip>

Indeed, there were many small equal bids equally spaced, that were removed all at the same time.  Leaving many slighy larger bids, equally spaced with double the step.

Surprised that anyone ever thought otherwise (that this is a single manipulator with deep pockets).  It's pretty obvious he's just selling back to himself over and over again, with little to no risk atm as he is the only one playing around.

This market is still pretty dead.  Whatever the game is, it's not working.

[ChartBuddy]

Coin
Explanation

[Coinshot]

seems the 22k bid wall on finex is gone?! 13k left!

The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.

<image snip>

Indeed, there were many small equal bids equally spaced, that were removed all at the same time.  Leaving many slighy larger bids, equally spaced with double the step.

Surprised that anyone ever thought otherwise (that this is a single manipulator with deep pockets).  It's pretty obvious he's just selling back to himself over and over again, with little to no risk atm as he is the only one playing around.

This market is still pretty dead.  Whatever the game is, it's not working.

Whoever is doing it is paying fees for the trades, so what is the point of doing it

And by having walls on both sides of the market, he will most likely be trapped in the wrong position if some bad new is revealed and there is a big dump, or if there is a pump due to some good news.

Are you sure it is only 1 people selling to himself

Looks like too much risk for no reason

[ChartBuddy]

Coin
Explanation

[ejinte]

Within $240-249 as I said.

[DutchTrades]

Man.. The chart is killing me.. Watching it 20+ times/day since my last investment in march '15..
It's clear that the buying power of '13 and '14 is gone.

[ChartBuddy]

Coin
Explanation

[ssmc2]

Man.. The chart is killing me.. Watching it 20+ times/day since my last investment in march '15..
It's clear that the buying power of '13 and '14 is gone.

Dude you need to just forget it and set your alarm for a year from now. Unless you need money asap in which case you might as well cash out.

[MilkyLep]

Man.. The chart is killing me.. Watching it 20+ times/day since my last investment in march '15..
It's clear that the buying power of '13 and '14 is gone.

Buying power gone? Perhaps it's more patience power in 2015 and 2016. Or accumulation power?

I mean you could always start up a fractional reserve exchange with its own trading bot to help manipulate the market?

[Fatman3001]

What will happen when the wall is gone?

[ChartBuddy]

Coin
Explanation

[saturn643]

What will happen when the wall is gone?

Many would expect new lows, I'm not sure I see that happening, there seems to be a lot of accumulation going on behind the scenes.

[klondike_bar]

What will happen when the wall is gone?

Many would expect new lows, I'm not sure I see that happening, there seems to be a lot of accumulation going on behind the scenes.

this. I just don't see much ability or drive to break lower than 210. Charts have bounced off the 180-200 range several times and it looks like a bottom with decent support. At some point even the bears have to become bullish (they need coins from somewhere)

Most of the coins sold are from two sources: early adopters, and current miners. If someone bought $2000 worth several years back (anything from 200-2000BTC) its only logical that since the peak of 2013 they would have been slowly selling off some of those coins to lock in a profit, while likely retaining at least $5000-20,000 worth and which point they would likely hold and wait to see another price rally.

That means fewer and fewer coins in the sell wall are from early adopters, and instead come from mining (which is becoming more costly and will undergo halving in about a year)

[ChartBuddy]

Coin
Explanation