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

[Arriemoller]

Uh, what timezone are you in?

+4 UTC/GMT....

time zones are always confusing.... how bitcoin will solve this? Let say if someone from other side of the world let say USA is suppose to pay me 1 BTC on 31st March at 9AM in morning... so that means I won’t get anything until 9PM in the evening at least?? and who knows that time 1 BTC will be where. (Yes yes I agree 1BTC = 1BTC) but the problem is still there, I needed that 1BTC in morning 9AM? So how?

Just agree on a certain amount of time from the present. "Send me three bitcoin in five hours".

Won't work... what if "after five hours" is 3AM on other side?

So what?
Chose another time then, like nine hours, this is not complicated unless you really try and make it that.

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[Arriemoller]

It's a bit weird, it's always around 08:30 my time that these pumps start. Is this Europe buying?

[ivomm]

It feels so good to wake up and witness a series of new € ATH's (the last was 50876 Bitstamp price)! Hopefully we lift-off soon from the $ ATH as well.

It's a bit weird, it's always around 08:30 my time that these pumps start. Is this Europe buying?

I noticed that too. Judging by the time zone, Europe is waking up and starting the day with buying - a good sign! Let's see how USA will respond in 5 hours, when starting to wake up. It's time to load those paypal accounts people! It's a pity that in Europe BTC in paypal is not available. I would consider using paypal again, because of the limits and seccurity issues related to using credit cards for purchases. I guess many people will consider replacing that old payment tool with the new BTC purchase tool.

Edit. As I was writing the post, a new series of € ATH's  happened. Go BTC, go!

[AlcoHoDL]

It feels so good to wake up and witness a series of new € ATH's (the last was 50876 Bitstamp price)! Hopefully soon we lift-off from the $ ATH as well.

Yeah, a great start of the day. USD-ATH will need another +$2,000 due to EUR/USD exchange rates, which have changed since the last ATH, as explained here.

Looking forward to it.

BTW, what's the reason for the pump this time? PayPal?

[julian071]

Well gooooood morning everyone!

[Phil_S]

[heslo]

Well that happened

[fillippone]

BTC 59,800 57,800
Nothing to see here, please disperse.



Reason for this 2k red candle:

“More sellers than buyers”.

[Arriemoller]

That was unexpected.

[shahzadafzal]

$59k..$57k .... let's go back

....

[shahzadafzal]

BTC 59,800 57,800
...
Reason for this 2k red candle:

“More sellers than buyers”.

They selling like they saw the $59k for the first time   

[El duderino_]

That was unexpected.

Very unexpected

[Parazyd]

Good morning WO! Observing a stable 58k!

[Wekkel]

The Pi Cycle Top Indicator makes me worry too much. We are crossing it any day now. And it precisely predicted all market tops so far.

Whats your thoughts? This time is different? One possibility is we will have a double top like in 2013. Thats what I am expecting. A bullrun in April, Crash and sideways through summer. Parabolic end of the year.

https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

I don't see a real 'this is the top' indicator in this chart. It merely shows that we are in a bull run again. Guessing the top is guessing where the price will wind up on the upside before going down again for a bear market phase. We are only heating up now. A 'bear' bull case would put the top price of this grand cycle around $72k. I'd rather guess for the base case of a top between $100k-200k, with the 'bull' cases going from $200k to ludicrous.

There are a few other indicators that you can use to gauge the market. Not all of them point at an imminent top. And most aren't that precise either. A sample of these indicators:

https://charts.woobull.com/bitcoin-mayer-multiple/
https://charts.woobull.com/bitcoin-mvrv-ratio/
https://charts.woobull.com/bitcoin-nvt-price/
https://charts.woobull.com/bitcoin-vwap-ratio/
https://charts.woobull.com/bitcoin-price-models/

Yes, the price is elevated, but no, I do not see an imminent end of this bull phase yet.

[NeuroticFish]

Bitcoin traders were always impatient. This "pressure" built up in the last 10 days and I expect that it won't take more than 1-2 days to get back to "normal" (may actually be hours). And this "dump for ants" will not even be remembered 

[ivomm]

Yeah, bears are in agony right now.   Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.

[samson]

That was unexpected.

Very unexpected

Really? You think that a major shakeout of the over leveraged right around months end just before we go on to make new highs in April is unexpected?

It's overdue if anything.

[Heater]

That was unexpected.

Very unexpected

Totally.
https://twitter.com/woonomic/status/1377095701595742218

[LFC_Bitcoin]

Yeah, bears are in agony right now.   Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.

Such a risky game, why bother risking so much money for such relatively small profit?

Below is not organic selling. It is a whale or group of whales literally flushing the toilet at a particular price to cause a mini crash.



What’s the point? Surely the risk/reward ratio isn’t good enough for such small profit? What if another group or individual whale do what you see on the left of the chart & send the price the other way in a flash pump? The whale ends up losing all the bitcoin sold & has to buy back at a higher price?

This fuckery reminds me of constant barting at Bitmex. Hopefully we attack $60,000 on higher volume soon & wipe out these asshole bearwhales.

[samson]

Yeah, bears are in agony right now.   Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.

Such a risky game, why bother risking so much money for such relatively small profit?

Below is not organic selling. It is a whale or group of whales literally flushing the toilet at a particular price to cause a mini crash.



What’s the point? Surely the risk/reward ratio isn’t good enough for such small profit? What if another group or individual whale do what you see on the left of the chart & send the price the other way in a flash pump? The whale ends up losing all the bitcoin sold & has to buy back at a higher price?

This fuckery reminds me of constant barting at Bitmex. Hopefully we attack $60,000 on higher volume soon & wipe out these asshole bearwhales.

The point of dumping in 'bear raid formation' is to buy up all the forced liquidations which are of course dumped on the open market, it's a way of buying coins cheaper or even at the current price without large amount of slippage by dumping and rebuying. Risky business without the over leveraged being there - but they know they're there of course.

You can then buy back your initial coins at the lower price after triggering a cascade of stop losses and liquidations.

The only way it will fail is if the sell orders meet a huge unseen / hidden bid wall in which case the whale is in the shit.