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Question: Where will this rally top out?
Already topped <$7,000 - 9 (22%)
$7,000-$7,499 - 3 (7.3%)
$7,500-$7,999 - 5 (12.2%)
$8,000-$8,499 - 3 (7.3%)
$8,500-$8,999 - 3 (7.3%)
$9,000-$9,499 - 1 (2.4%)
$9,500-$9,999 - 0 (0%)
$10K+ - 17 (41.5%)
Total Voters: 41

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21583617 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (143 posts by 33 users deleted.)
STT
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May 11, 2019, 11:25:42 PM

If even we have gotten surprised by the strenght of this rally I can't even dare to think in which state of negation the shorters must be now.

Shorts and the forced close of those shorts (leveraged) are effectively giving us more new buyers at the highs which is making the rally easier to progress.   Shorts are always a powerful force because they only exist within a trade not as part of the fundamentals to Bitcoin

I'am surprised at the price moving so quickly through 6000 because history should have alot of old holders here, some of which will sell either manually or just through orders left on the books.   Theres definitely going to be holders waiting to sell here so it must be a fair amount of volume in total buying to be passing through at speed.  

  Only story I saw especially today was a big hedge fund manager stating a high target for BTC

https://cryptoinsider.com/400000-bitcoin-btc-price-predicted-by-prominent-hedge-fund-manager/
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May 11, 2019, 11:26:03 PM

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

That makes sense. A lot.

Nope. This can only be caused by triggered stop loss orders. Large institutional stop loss orders! They have managed to depress price for one year by creating additional bitcoin "liquidity" to "tame bitcoin". Now those fools are paying for their stupid games.


Triggering stop losses is obviously the multiplication factor... but someone had to start pushing upwards and keep buying to trigger them in first instance.

Maybe just a combination of factors....
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May 11, 2019, 11:28:57 PM

1 minute chart engaged  look at those $100+ candles   Shocked

#stronghands

What site is that? Bitcoinwisdom is death and this looks similar.
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May 11, 2019, 11:31:47 PM

that's tradingview
have you tried bitcoinwisdom.io?
or cryptowat.ch
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May 11, 2019, 11:34:30 PM


Still waiting SEC - 16 may
VanEck SolidX Bitcoin Trust - 21 may

This might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?

So VanEck SolidX gets approval Monday Cheesy

20K by July 4th if so.
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May 11, 2019, 11:37:31 PM

via Imgflip Meme Generator

7k+

Mic back on the lose !!!!!!!! Party continues bear or Bull market, but more pleasure during Bull moments
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May 11, 2019, 11:37:45 PM

Apparently the old guard doesn't understand what physical scarcity actually means in terms of their old strategies. Is supply and demand really such a hard concept to grasp?
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May 11, 2019, 11:38:10 PM

Cheers my true BTC brothers
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May 11, 2019, 11:39:33 PM

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

This is just a dumb ass nocoiner (ignoramus) behavior.
When institution is buying from, say, Coinbase, prior history is of little (or no) concern since it is all going to a pool, from which Coinbase gives you your btc.
But, if they want to overpay, this is on them.
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May 11, 2019, 11:39:55 PM

have you tried bitcoinwisdom.io?

Did not knew they moved the site. Thats good to know, thanks!
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May 11, 2019, 11:41:29 PM

When was last time that price increased 15% in a day?
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May 11, 2019, 11:41:40 PM

BULLmarket uppon?
Seven-thousand dollars Fuck!
Need new merit source?
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May 11, 2019, 11:43:07 PM

Sold some, so feel free to skyrocket more
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May 11, 2019, 11:47:37 PM

Do time and day of this bull run tell us anything about the most likely immediate cause?
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May 11, 2019, 11:48:17 PM

I was reading over some WO comments from the July 2015 pump to 320. The vibe was pretty similar to this and unfortunately dumped back below 200 about 40 days later. If we can stay above 6K for 40 days then I believe we get all time highs this year. If not then I expect to see a ferocious dump back to 5k or less.

Either way this pump is a lot of fun and everyone will know if we dump that its just a blessing to get cheap coins and not the path to 1500 and final capitulation.

Its a bull market ya know Cheesy
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May 11, 2019, 11:48:33 PM

have you tried bitcoinwisdom.io?

Did not knew they moved the site. Thats good to know, thanks!
not the same people any more but largely the same functionality, plus a bit more
have fun!
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May 11, 2019, 11:49:20 PM

15m


#dyor
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May 11, 2019, 11:50:43 PM

Apparently the old guard doesn't understand what physical scarcity actually means in terms of their old strategies. Is supply and demand really such a hard concept to grasp?

They are the masters of the financial universe. They can manage any scarcity for there is no physical scarcity of paper and green ink.
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May 11, 2019, 11:51:59 PM

Do time and day of this bull run tell us anything about the most likely immediate cause?
It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.
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May 11, 2019, 11:52:39 PM

Fuck I have other stuff I should be doing right now but I cant take my eyes off this beautiful pump. Im gonna stay off of WO, reddit, twitter, and Tradingview for a few hours and avoid price checking, hopefully I dont miss too much fun.  Undecided
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