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

[xhomerx10]

Seems as though Binance is back; at least the API is working and bitcoin price is recovering. 

[d_eddie]

The wicks on bitstamp look like stop hunting. But it's the shorts being preyed upon...

[bitcoinPsycho]

Another minor sell off. This is probably an effort to just take out a few longs before more up move.

...

It seems that Binance froze. Is it planned or not, I don't know. Judging by the lil panic probably not.

If Binance is not coming back up soonish, we're screwed. Covid dump will seem small and insignificant compared to this...

Bitcoin don't give a shit. Honeybadger going on a bender

[dragonvslinux]

The wicks on bitstamp look like stop hunting. But it's the shorts being preyed upon...

Looks more like someone fat fingered a 200 BTC market buy to me, as the price spiked up +4% to ~$29K within a 1 minute candle. High frequency trading bots would have therefore exploited that opportunity.

Usually stop hunting happens over the longer course of time, like 15 minutes to a few hours, ending with a wick above the highs (or below the lows) prior to a reversal...

Either way, if it was stop hunting, it was an epic fail as price only wicked that high on Bitstamp (not on other exchanges) so wouldn't have liquidated many people  


For reference sake, Bitstamp has a pathetic amount of liquidity compared to the likes of Coinbase or even Bitfinex.

There is only 100 BTC sell orders to cover a 5% move to the upside, or roughly 200 BTC to cover a 10% move to the upside...

[Lainta]

Sorry sir this post already share https://bitcointalk.org/index.php?topic=178336.msg61967127#msg61967127

[cAPSLOCK]

Just breaking my WO fast to come and say one single thing.

GET PEOPLE ON TO THE FREAKING LIFEBOAT.

The doors are closing.

[BobLawblaw]

Sorry sir this post already share https://bitcointalk.org/index.php?topic=178336.msg61967127#msg61967127

Woops. -3.3 WO Merits to me and post deleted.

How about this one?

[ChartBuddy]

Explanation

[Compromise me]

The Countdown Begins: One Year to Go Before the Next Bitcoin Halving


source

[cygan]

[xhomerx10]

 This noise is all so tiresome.  Please wake me when we make a new AYH.

 


 homer out.

[BitcoinBunny]

Heard the new Shazam movie sucks ass.

This girl though....







Regardless.... off to see John Wick 4 this weekend.

[cAPSLOCK]

This noise is all so tiresome.  Please wake me when we make a new AYH.

 


 homer out.

You shan't be sleeping very long, sir.  (Where's Proudhon by the way?  Has he appeared yet?)

[philipma1957]

This noise is all so tiresome.  Please wake me when we make a new AYH.

 


 homer out.

You shan't be sleeping very long, sir.  (Where's Proudhon by the way?  Has he appeared yet?)

a week or 2 ago


here you go.

This is not a bull run. It's just a gyration in the market. It's noise along our predestined path downward. Six months from now the price will be a lot lower than it is.

[d_eddie]

Regardless.... off to see John Wick 4 this weekend.

John Wick, bitstamp wick
Weak wick week, springin' in spring?
Lifeline for Deutsche Bank?




#haiku

[Madu$11]

In my head always turns around.

[ChartBuddy]

Explanation

[somac.]

Another minor sell off. This is probably an effort to just take out a few longs before more up move.

...

It seems that Binance froze. Is it planned or not, I don't know. Judging by the lil panic probably not.

If Binance is not coming back up soonish, we're screwed. Covid dump will seem small and insignificant compared to this...

Bitcoin don't give a shit. Honeybadger going on a bender

Yep. Also when an exchange has issues it means that all the BTC has already been stolen or sold off by its founders. So while there may be a short term dump by traders it doesn't seem to last.

[johnsaributua]

meet again with enough rain all day, but even though 1% bitcoin fell today. I think making chicken soup is an interesting idea

[shahzadafzal]