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

[Ted E. Bare]

You do realize this is double top, and is usually quite bearish?

YOU are quite bearish, Tzupy.

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[noobtrader]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

surely they were not trader...  

btw price has rises alot this week, i think it will cool down for few days.  

[savetherainforest]

more high quality tits on bitcoin for price increase!

Name of the girl? .. I'm gonna "buy" her when BTCitcoin reaches moon!

Edit*

... Oh .. found her! ... the link in the .gif is actually her own advertising... 

[USB-S]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

[machasm]

more high quality tits on bitcoin for price increase!

NSFW image.

Name of the girl? .. I'm gonna "buy" her when BTCitcoin reaches moon!

Edit*

... Oh .. found her! ... the link in the .gif is actually her own advertising...  

Someone should tell her to accept BTC.

[savetherainforest]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

Quote of the F'ing Year!

"Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system."


... But this made me thinking ... What happens with the useless fiat dumped on the exchanges???

Where is it reinvested?? ... Because if Fiat will devalue drastically on a global scale ... the exchanges will not have any leverage!

I don't think they will allow themselves being left holding the bag ....

[USB-S]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

Quote of the F'ing Year!

"Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system."


... But this made me thinking ... What happens with the useless fiat dumped on the exchanges???

Where is it reinvested?? ... Because if Fiat will devalue drastically on a global scale ... the exchanges will not have any leverage!

I don't think they will allow themselves being left holding the bag ....

Men who hold enough fiat to devalue it, won't buy bitcoin and people don't need bitcoin enough for fiat to be devalued. Only people who need bitcoin are prostitutes, drug dealers and inmates. We have that going for us, which is nice. However if bitcoin exists long enough, fiat is guaranteed to be devalued because of bitcoin. But currently bitcoin is for the under-serviced.

[600watt]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

i do not know what is displayed on your screen. on my this looks kinda topless....
and no, no bush/bear to see also.

[toknormal]

Manoeuvres.

There's a 2264-shot wall on Huobi holding up proceedings. If that gets eaten then we're clean clear to flagtown notwithstanding any spontaneous interventions from the Borgan Quench.

UPDATE: Munched.

We're now looking for 5180 for penant breakout.

[LFC_Bitcoin]

We're making a move upwards again, lets get above 780 & stay there for a bit though this time.

[DaRude]

A pump followed by a bigger pump less than a couple of hours?

What is happening?

Whale warring each other?

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

Nonsense.  


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

The thing is ... that there is a "whale" ... but .. it is not a person!

It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!

And they work 24/7 in 3-4 shifts maybe.

Do you imagine just dropping dumps then leaving the poker table? ... Someone must stay behind and level the plain, to keep things afloat! ... till the next time the "whale" comes to pump & dump!

This x 1000.  It may be a conspiracy theory to many, but I believe it is completely plausible, especially if such a whale group was formed in the early days of Bitcoin.  They could have accounts open on every exchange, and work together 24/7.  They could write a bunch of coordinated bots on every exchange that work together. Not to mention if they have way more funding to back them than what is currently in the exchange markets, then they will control each and every local market. They would be able to control the rise and timing of bitcoin fairly precisely.  And if they are connecting to powerful/wealthy people, then they will have insider trading knowledge/info many months or years ahead of the public, and will be able to time pumps/dumps on major news announcements.

And no, of course there's really no way to provide proof of such.  Just like there is no definitive proof that the Russian Mob is behind the U.S. Stock market (and every other major world market). So let's all just stick our heads back in the sand keep saying its the Chinese that are pulling all the strings and providing all the volume, 'cause that's what you all want to believe.  

Well, apart from all of the conspiracy theories, i think the real reason is much simpler and doesn't involve aliens or Russian mob.
Some history, back in the day Finex was new and didn't have much volume especially for leverage products that they offered. Stamp was #1 by volume so they made some arrangements with them and pretty much were shadowing stamp. That provided Finex much needed liquidity. As Finex grew, on big volumes we often saw Finex price decouple from Stamp price (that was when Finex ran out of money on Stamp). At certain point Finex outgrew Stamp, they completely decoupled and Finex took the lead.

What we're seeing here (i believe) is well... CHINA CHINA CHINA_x100. Their fake volume was great but now there's a genuine bullish run there, and they need coins from somewhere. It would only make sense to make some arrangements  with Finex who's in Hong Kong (like Finex did with Stamp in their day) for liquidity. West is bearish so there's little to no bid support, but China is on a bullish train so they don't care and just keep charging ahead. That's why we don't see much bid support on Finex (arbs don't like risk exposure to catch falling knifes), yet we see those BTC1k market buys, west gets panicy from no/thin bid support and starts dumping. So we get heavy ask side, thin bid side, and a lot of volume.

TL;DR as long as whoboi is above Finex by around $10 or 1.5% we're riding the Chinese made rocket.

[toknormal]

back in the day Finex was new and didn't have much volume especially for leverage products that they offered. Stamp was #1 by volume so they made some arrangements with them and pretty much were shadowing stamp.

Very interesting - thanks for posting. I didn't know about that background to the growth of the exchanges.

[DaRude]

back in the day Finex was new and didn't have much volume especially for leverage products that they offered. Stamp was #1 by volume so they made some arrangements with them and pretty much were shadowing stamp.

Very interesting - thanks for posting. I didn't know about that background to the growth of the exchanges.

It was like 2yrs ago. Now i feel old.

https://www.cryptocoinsnews.com/bitcoin-trading-platform-bitfinex-distancing-bitstamp/

“I’ll try to answer here. We used to include the Bitstamp order book into our own order book for liquidity purposes. In other words, we were arbitraging between our own platform and Bitstamp. However, as we continue to grow we decided to slowly, and I insist on slowly, withdraw this arbitraging program to let people do the arbitraging themselves..."

[DARKHOLDER]

Some weird stuff is happening in China now ... they are "baiting" ... a new pump in probably a few hours!

Hope the 38% on Pool question is right!

[JimboToronto]

Good morning Bitcoinland.

Still digesting yesterday's shot up to $789 but creeping up from the $750 sideways line. At least today's candle is green now.




We breezed past $680 in a couple of days but $780 is starting to look as sticky as $580 was. That lasted a week.

[savetherainforest]

Oh boy! ... I would watch 2 things all day ... those boobs bouncing and the trading screens...

Btw ... the candles don't seem to stop... $790 < - > 805$ does not seem plausible anymore ... it will go $825 <-> 850$+ as a base for the next week.

There was a chart a few pages ago where it showed it will not go under 800$ after the 1st of July ...

But my estimates are that the miners where pleased with 450$ - 500$ ... and probably would have been satisfied with a 800$ - 900$ price per coin. At the current hash rate output.

But!!! ... the thing is that reality hit them with the notion that they will get less than half of what they where making now! ... and it will last just another 4-8 years! ... The new found wealth made the miners come to the conclusion that they can't do this forever! And they need to secure their future, by investing in something else as well. But in the meantime a temporary solution is to pump the market, control it and get the best buck for their coin!

So that 800$ - 900$ that would have been comfortable ... it is not a solution anymore! ... it needs to become 1600$ - 1800$ .. But I have a weird feeling it will not stop there!

The emotional satisfaction will be for a $2500 <-> 3500$ coin for this end of the year and during a period of next year.

[rumpey]

Good morning Bitcoinland.

Still digesting yesterday's shot up to $789 but creeping up from the $750 sideways line. At least today's candle is green now.




We breezed past $680 in a couple of days but $780 is starting to look as sticky as $580 was. That lasted a week.

If it continued shooting up without a sideways period it wouldn't be sustainable. There are steps all the way up to here on the charts, and I hope we are on the sideways part of another step up. New fiat from the banks could push the price up another step next week.

[savetherainforest]

Men who hold enough fiat to devalue it, won't buy bitcoin and people don't need bitcoin enough for fiat to be devalued. Only people who need bitcoin are prostitutes, drug dealers and inmates. We have that going for us, which is nice. However if bitcoin exists long enough, fiat is guaranteed to be devalued because of bitcoin. But currently bitcoin is for the under-serviced.

YOU ARE DELUSIONAL!!! ... It is happening this year!!! ... The Big Crash .. the HAKUNA MATATA of all times .. where all media will be chill and do as the communists did: Plays children cartoons over the news channel that was broadcasting an F'ing revolution!!!

So while everyone will be devalued out of their existence! .. Bitcoin will rise!!!

And you know how the F' do I know that??? ... Because each time the dollar drops 2.5% or grows 2.5% against my currency that is pegged to the euro. I see a 10$/15$ move on the exchange in that day just because people calculate their bitcoin on the value of the dollar!! Because that is what the external exchanges advertise in trading against it!!!

[glorywhole]

YOU ARE DELUSIONAL!!! ... It is happening this year!!! ... The Big Crash .. the HAKUNA MATATA of all times ..

The worst spelling of Hanukah ever. Anon, you even Jewish?

[JimboToronto]

If it continued shooting up without a sideways period it wouldn't be sustainable. There are steps all the way up to here on the charts, and I hope we are on the sideways part of another step up. New fiat from the banks could push the price up another step next week.

Agreed. Consolidation and profit-taking are natural after every leg up. It's just that the process can take longer with different steps. Just when you might think you've found a rhythm, it changes.

There was a time when people here talked about a standard weekend price drop after a week of rises. More recently it's been weekend rallies and weekday consolidation. This past week threw us a curveball and with a midweek rally and weekend consolidation (so far).

Lots of luck trying to predict it accurately.