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

[FNG]

Meanwhile, no jump... 

that's a real bad sign. The last two mega whale buys put us up $10 which lasted until another mega buy.

Not saying i disagree but what happened to uberbull USD cannons?

I turn cannons back on after crash. Not going to dance with uber low ask SUM. historically, below 50k sum very dangerous territory

I'm going to Thailand for 2 weeks and won't be able to check my positions every 2 seconds.. Not sure what to do there is no way I can walk away with a position I think, maybe a very small one 20% or something

Checking in to see the price rise will royally f-up your vacation.

Buy a Thai sim. Data works well enough in most places

[Walsoraj]

Complicating risky territory of under 50k ask sum is USA's war w/ syria. Not clear if and what that will do to the price. What is certain, is USA will strike.

[NamelessOne]

All of the movement since the rise on the 31st is still playing out a pretty effective triangle. It did a little break downwards before the big buy earlier, but all of the movement still fits pretty well after that. The triangle's current end will be around September 5th - 6th.

[samson]

Complicating risky territory of under 50k ask sum is USA's war w/ syria. Not clear if and what that will do to the price. What is certain, is USA will strike.

Syria

[kehtolo]

All of the movement since the rise on the 31st is still playing out a pretty effective triangle. It did a little break downwards before the big buy earlier, but all of the movement still fits pretty well after that. The triangle's current end will be around September 5th - 6th.

Then what? Drop, or the whale(s) come in making another splash and we go up?

[NamelessOne]

Something like that usually happens with triangles, ahha. They break up or down. The whales have been breaking them all up for a month so far, seemingly almost designing the triangles themselves. Even the whale buy earlier effectively bought up to the upper line of the triangle from the bottom.

[Walsoraj]

To add more fuel to the fire, US 10year treasures going up again. 52 week high of 2.94, and today hit 2.92.

Again, not sure what this mean for bitcoin. But many experts think 10year going up will have negative effect on virtually all assets as traders dash towards fiat. Theory is that fiat can be used to repurchased same assets at much lower prices, having been forced down by rates.

WE'LL see! Sept is going to be interesting month

[rampantparanoia]

the wall @ 147 just moved to 144.5 and is being eaten away as I type

[barbs]

the wall @ 147 just moved to 144.5 and is being eaten away as I type

10 BTC buy is being eaten?

He wants the price down

[rampantparanoia]

the wall @ 147 just moved to 144.5 and is being eaten away as I type

10 BTC buy is being eaten?

He wants the price down

my bad... i saw that wall move and got a bit excited. this is more of a nibble

aaaaaaaaaaand it got pulled, partially placed at 143.5. definitely wants price down.

[NamelessOne]

Well it is all gone now, the owner of that wall sold the last 600 down to 143.

[Wekkel]

Well it is all gone now, the owner of that wall sold the last 600 down to 143.

Still wont go down. Gentlemen, place your bets   

[Walsoraj]

Well it is all gone now, the owner of that wall sold the last 600 down to 143.

Still wont go down. Gentlemen, place your bets   

My bids are in single digits and some double cents. But, i dont expect crash until late Wednesday, more likely thursday.

[ChartBuddy]

[Walsoraj]

Well it is all gone now, the owner of that wall sold the last 600 down to 143.

Still wont go down. Gentlemen, place your bets  

My bids are in single digits and some double cents. But, i dont expect crash until late Wednesday, more likely thursday.

"Crash" is such a harsh, polarizing word.

I apologize for using such terminology. In reality, i hate anti-magnets as much as any reasonable person. However, i am harshly adverse to spreading falsehoods. I must profess and spout the truth as I observe and intuit it, at every opportunity the gods give me.

[Walsoraj]

Well it is all gone now, the owner of that wall sold the last 600 down to 143.

Still wont go down. Gentlemen, place your bets  

My bids are in single digits and some double cents. But, i dont expect crash until late Wednesday, more likely thursday.

"Crash" is such a harsh, polarizing word.

I apologize for using such terminology. In reality, i hate anti-magnets as much as any reasonable person. However, i am harshly adverse to spreading falsehoods. I must profess and spout the truth as I observe and intuit it, at every opportunity the gods give me.

Truth of the gods... Good one.

Which ones do you worship, out of curiosity?

[ChartBuddy]

[JimboToronto]

"Crash" is such a harsh, polarizing word.

Not surprising. Harsh and polarizing is what trolls aspire to be.

[ChartBuddy]

[coastermonger]

Has anyone noticed all this automated bot activity lately?  5 rapid fire trades at a time, both up and down, 1 BTC - 0.01 BTC at a time.  Meanwhile large orders on the buy and sell side repeatedly appear and disappear within seconds, always at the same location and for roughly the same amounts.

Someone needs to tweak their bots.

Snapshot: http://imgur.com/sa11LVq

What's interesting to me is that even though the log will show 5 trades, the order book will only show 1 of them actually making a deduction to the leading order at the time.  So while it looks like 5 btc is being sold at a time, its only 1 btc.

The only way I figure they're doing this is to add 4 BTC to the bid order at precisely the same time that they add to the sell order, thus it "looks' like more volume is getting pumped through.  Someone must be paying through the nose in trading fees to do this.