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

[franckuestein]

The future of Bitcoin.

Thanks for your constructive message on the Wall Observer. You're a visionary.

[1714851174]

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[1714851174]

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[1714851174]

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[1714851174]

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[1714851174]

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[Morecoin Freeman]

People waiting for $250 coins will be disappointed. Not going to happen.

[dreamspark]

People waiting for $250 coins will be disappointed. Not going to happen.

Yar just like the people telling me I wouldn't see my $260 coins a week ago 

Worked out well that one.

[LFC_Bitcoin]

People waiting for $250 coins will be disappointed. Not going to happen.

I hope we don't see 250 again but I can't confidently state that it won't happen. I wasn't expecting the price to fall to 260 but it did. Anything can happen really & I'm glad I'm just a HODLER, not a trader who has pressure & stress on which way to call the market.

[ask]

People waiting for $250 coins will be disappointed. Not going to happen.

Yar just like the people telling me I wouldn't see my $260 coins a week ago  

Worked out well that one.

$250 coins are expensive.  There are way too many longs open...

[jeffthebaker]

Have we reached the bottom? I imagined the panic sell would lead to the price hitting a low at around 255, which seems to be somewhat accurate. Price seems to be rebounding a bit, currently @ $263 on Preev. Hopefully the market corrects itself soon and Bitcoin can begin climbing back to the $300 we were previously enjoying.

[dEBRUYNE]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

[ChartBuddy]

Coin
Explanation

[ssmc2]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Or it's his way of saying, "We ain't goin' nowhere near sub-$250".

[gotmilk_]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

[shmadz]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Well spotted. There is support, somewhere, but don't be looking at fake data and hoping to find truth.

This is what a market is. It is nothing more than a price discovery mechanism. If the market were purely open and transparent, would it be a better indicator of value? Who knows? It would be an interesting experiment, but we have no markets currently that are not manipulated from which we might harvest useful data or glean useful information...,




 so; in the end, speculation is the driver of the market. Thus, gentlemen, your work is cut out and laid before you.

Best of luck.

[dreamspark]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

[LFC_Bitcoin]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

Price manipulation at its finest. This kind of shit will continue whilst literally nothing positive or negative is happening in the world of bitcoin. It's too easy for whales to pull these kind of stunts whilst there are no obstacles in their way.

The only way it'll stop is if/when we get loads of new money being pumped in. Whilst the price action is akin to tumbleweed blowing around a deserted town these big rollers can play the market like a toy.

[Theano]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

Price manipulation at its finest. This kind of shit will continue whilst literally nothing positive or negative is happening in the world of bitcoin. It's too easy for whales to pull these kind of stunts whilst there are no obstacles in their way.

The only way it'll stop is if/when we get loads of new money being pumped in. Whilst the price action is akin to tumbleweed blowing around a deserted town these big rollers can play the market like a toy.

Hahah, people are calling the price manipulated since the very first bitcoin exchange...

It's not more manipulated then any other Market on this world... It's pure speculation going on..

[dEBRUYNE]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Well spotted. There is support, somewhere, but don't be looking at fake data and hoping to find truth.

This is what a market is. It is nothing more than a price discovery mechanism. If the market were purely open and transparent, would it be a better indicator of value? Who knows? It would be an interesting experiment, but we have no markets currently that are not manipulated from which we might harvest useful data or glean useful information...,




 so; in the end, speculation is the driver of the market. Thus, gentlemen, your work is cut out and laid before you.

Best of luck.

I hope the 260 local bottom will hold for now, otherwise we'll probably see a retest of 250 where the SMA200 lies.

@gotmilk: I've witnessed a significant amount of asks pulling on multiple occasions, so you're probably right.

@dreamspark: That could be a valid strategy.  

[ChartBuddy]

Coin
Explanation

[gotmilk_]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

Not sure about shorting (shorts aren't up that much).
I believe he is pushing the price down with small sells. Those and sells from other traders hit stop losses which fills his bids. This entity is probably also liquidity provider so they earn a lot with interests.

To be fair, I wouldn't be surprised if bitfinex alone or someone near them is running everything up. Market maker must trust bitfinex big time since he must hold a lot of fiat and bitcoins there.
After all it wouldn't be the first time one of the exchanges would manipulate the market 

[dreamspark]

Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

Not sure about shorting (shorts aren't up that much).
I believe he is pushing the price down with small sells. Those and sells from other traders hit stop losses which fills his bids. This entity is probably also liquidity provider so they earn a lot with interests.

To be fair, I wouldn't be surprised if bitfinex alone or someone near them is running everything up. Market maker must trust bitfinex big time since he must hold a lot of fiat and bitcoins there.
After all it wouldn't be the first time one of the exchanges would manipulate the market 

Short / selling. Semantics. I just mean selling coins not necessarily with margin.

How people aren't scared to absolutely fucking death the fact that there are only 2k ish more shorts and longs have increased not decreased during this drop I'll never know. This gon get so ugly.

[ChartBuddy]

Coin
Explanation

[cryptasm]

I dont even understand how ppl keep saying its the end of btc while its being more and more used