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

[Karartma1]

The only way I am seeing right before my eyes is...



I think the small funny guy is all-in by the way
 

[Temp_JayJuanGee]

By the way, BTC-e about ready to break through it's 2 year ATH...   $745

BTC-e seems to be keeping up a little better with a bit closer parity in recent months.

I just looked more closely into the BTC-e price matter, and now I see why BTC-E has been under $745, including currently, there is a wall of about 880 coins up for sale at that $745 price point (it may have started at around 1,000 coins), and it appears that so far the $745 wall is getting eaten away little by little (chomp, chomp, chomp).

[Kramerc]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

[toknormal]

That 1-week chart (the one that spans all the way back to the 2013 spike) really does look like it's wanting to majourly break out.

The last 2 peaks are now starting to dwarf the 2013 peak in terms of width and there's also 3 years of fundamentals to be priced in. The principle one being that Bitcoin didn't "die" ! LoL.

What did everyone say back in the ultra-speculative period of 1st mainstream wave in 2013-14 ?

...."It's either worth zero or at least 6 figures".

Well the zero-option is kind of starting to fade.

[JimboToronto]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

[Ted E. Bare]

Poor bearwhale, never forget.

[JimboToronto]

Poor bearwhale, never forget.

Yes, apparently he was delicious. Fed lots of hungry bulls.

 

[the artful bodger]

Poor bearwhale, never forget.

Yes, apparently he was delicious. Fed lots of hungry bulls.

 

If he was smart he could have reloaded at 150. The volume of that dump was so big nobody would have noticed him putting in a massive series of laddered buy orders.

[Kramerc]

Why poor bear whale? He had all the time in the world to buy them back, with a nice interest as well.

I want to be "wowed" by bitcoin. I want to see 10k btc walls, but for this we need higher prices. Bring us higher mr whale!

[Ibian]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

That was clearly some kind of soap opera.

[Temp_JayJuanGee]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Personally, I think that higher prices and more spread out exchanges causes smaller walls, ultimately.

Recall a few weeks ago, there were fond assertions of walls of the past.. yeah, sure if bitcoins are $10 each and there is only one main exchange, you could have frequently seen walls of 20k coins or 100k coins... 

If coins are $1k each, then we may not even see too many walls of more than 2k coins (placed by seemingly one person), especially when there seem to be more exchanges competing for those coins (but there are some fake coins in china, no?)

[JimboToronto]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

That was clearly some kind of soap opera.

That's why I'm here.

Face it. Slow accumulation of a nest egg is pretty boring.

The drama of the market swings, especially the obviously manipulated ones, can provide excellent entertainment.

[Biodom]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

OR, it could have been a large bull who simply tested the market's downside.
Remember Jesse Livermore? As per "Reminiscences of a Stock Operator" (ageless book).
He always put in a large sell order to see how market reacts before starting accumulation on the long side.

[JimboToronto]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

OR, it could have been a large bull who simply tested the market's downside.
Remember Jesse Livermore? As per "Reminiscences of a Stock Operator" (ageless book).
He always put in a large sell order to see how market reacts before starting accumulation on the long side.

Indeed. I never read that book but I've seen that ploy before. In fact I see it all the time.

The big difference is that it usually gets pulled after a certain amount of nibbling. Bearwhale stood by and watched it all get eaten.

As it is he had ample time later to buy back at a lower price.
______

Funny thing, both Finex and Stamp just dipped but Huobi just keeps soldiering along.

They were close to being at par. Now the spread is starting to widen.

[Ibian]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

OR, it could have been a large bull who simply tested the market's downside.
Remember Jesse Livermore? As per "Reminiscences of a Stock Operator" (ageless book).
He always put in a large sell order to see how market reacts before starting accumulation on the long side.

Indeed. I never read that book but I've seen that ploy before. In fact I see it all the time.

The big difference is that it usually gets pulled after a certain amount of nibbling. Bearwhale stood by and watched it all get eaten.

As it is he had ample time later to buy back at a lower price.

Just look at the price graph while it was going on. It was clearly deliberate. Why, who the fuck knows, but it couldn't have been organic.

[rjclarke2000]

The wall was for exactly 1000 btc. We need higher prices to see more impressive walls.

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

That was clearly some kind of soap opera.

That's why I'm here.

Face it. Slow accumulation of a nest egg is pretty boring.

The drama of the market swings, especially the obviously manipulated ones, can provide excellent entertainment.

Exactly this jimbo!

[Ted E. Bare]

Many people trade the 4 hour so bitcoin is likely to go full bull again tomorrow.

[GreekGeek]

Hello you guys!!!!

greetings from Greece, it's been a while since my last log in (about 3 weeks)
I was away on vacation but I always looked at this thread (didn't have the passwords with me)

did we leave the correction behind us or are we about to witness a triple top ?

[Killerpotleaf]

pop to 900 very soon

[GreekGeek]

pop to 900 very soon

that's fine with me