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

[OutOfMemory]

Some analysis...

The dip is in.  But it is quite interesting.

It is very low volume in general. 

A bit higher volume on Coinbase (makes sense, and also screw Brian Armstrong the bastard).

But in the end this is a non event... literally.  The reason we are dumping is because a lot of fishes expected the "omega candle".

The news today is net good.  And the market is going down.  This is how the smart people make money, while people like me just watch.

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.
As long as those weak kind of "investors" are participating to a good extent, this will continue.
One can use this kind of insight, to set buy orders on a dip, which wouldn't be guranteed to always get triggered, but most time it should.

You may be feeling bad while only watching, but then you can also never be one of the losing hands in this market.
I understand that you don't like the fact that smart money is winning, but what can you do about it?
If you can't do anything about it, why bothering?
I miss to find the gain(s)  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ivystar5]

More corns to be added...

[philipma1957]

looking to go lower than this if I buy more I am set at

90.9

89.9

88.9

87.9

86.9

I should fill in better here

66.2k

48.k

42.2

[JimboToronto]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

[Powerjumboo]

The race among countries to create a $BTC reserve is on.

El Salvador is leading, followed by the USA, Brazil, and Switzerland.



https://x.com/Cointelegraph/status/1886932958050685237?t=YIbrbveEOFbr_fLtuE4f9Q&s=19

[Popkon6]

@CryptoJelleNL
#Bitcoin yearly candles:  

2011 🟢
2012 🟢
2013 🟢
2014 🔴
2015 🟢
2016 🟢
2017 🟢
2018 🔴
2019 🟢
2020 🟢
2021 🟢
2022 🔴
2023 🟢
2024 🟢
2025 👀

The pattern is clear.
https://x.com/cryptojellenl/status/1886783961130492066



Nearly time for lift off.

If I were to calculate the pattern, 2025 would be another great year for Bitcoin, which exists solely to create new records.

[cAPSLOCK]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

They have been the realm of people who do not know any/one/time/more for years. 

And the price oracle for fools.

Perhaps we will learn.

Until then edges will be exploited.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bestcandy]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

Ya, online exchange cannot give you the exact price discovery because the information you will get may be inadequately updated.

[rhomelmabini]

The race among countries to create a $BTC reserve is on.

El Salvador is leading, followed by the USA, Brazil, and Switzerland.

What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.

[Biodom]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

Sorry, I have no clue what two of you are talking about.
I simply send "stuff' to exchanges when i want to sell OR send $$ when i want to buy.
Some exchanges HAVE an OTC desk, btw.
Plus...some exchanges are pretty liquid, so your bid or ask have a tendency to fill pretty quickly.

The race among countries to create a $BTC reserve is on.

El Salvador is leading, followed by the USA, Brazil, and Switzerland.

What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.

Why would someone rely on what T. says or does?
I guess people wanted US to buy their bag for BSR-is this what it is about?
I am hearing "institutions are coming" AT LEAST since 2017.
So far the "INSTITUTIONS" have been mostly MSaylor, a bit of Tesla and a bunch of minnows-like companies.

[JimboToronto]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

Sorry, I have no clue what two of you are talking about.
I simply send "stuff' to exchanges when i want to sell OR send $$ when i want to buy.
Some exchanges HAVE an OTC desk, btw.
Plus...some exchanges are pretty liquid, so your bid or ask have a tendency to fill pretty quickly.

You're missing the point.

The point is that big players don't use online exchanges to accumulate large quantities of Bitcoin. They play the exchanges to manipulate the prices and then use those prices to accumulate elsewhere.

Yes, I know some exchanges have an OTC "desk". One exchange I use has an OTC transaction minimum of $20k. All trades are done voice-to-voice over the phone on a first name basis. The only thing online is a confirmation/receipt email.  I'm not a big player, just a relatively small fish.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.

Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone.

Sorry, I have no clue what two of you are talking about.
I simply send "stuff' to exchanges when i want to sell OR send $$ when i want to buy.
Some exchanges HAVE an OTC desk, btw.
Plus...some exchanges are pretty liquid, so your bid or ask have a tendency to fill pretty quickly.

You're missing the point.

The point is that big players don't use online exchanges to accumulate large quantities of Bitcoin. They play the exchanges to manipulate the prices and then use those prices to accumulate elsewhere.

Yes, I know some exchanges have an OTC "desk". One exchange I use has an OTC transaction minimum of $20k. All trades are done voice-to-voice over the phone on a first name basis. The only thing online is a confirmation/receipt email.  I'm not a big player, just a relatively small fish.

I don't know..Saylor seems to be buying the "top" all the time.
Nobody seems to "create" any discounts for his outlandishly large buys.

[Powerjumboo]

The race among countries to create a $BTC reserve is on.

El Salvador is leading, followed by the USA, Brazil, and Switzerland.

What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.

Trump's crypto Czar says Bitcoin is the real and most powerful crypto.

It's a "great store of value." 🚀

Video link: https://x.com/Vivek4real_/status/1886945524286161317?t=DeNwwXF73-ihOZysyS_AUg&s=19

[rhomelmabini]

The race among countries to create a $BTC reserve is on.

El Salvador is leading, followed by the USA, Brazil, and Switzerland.

What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.

Why would someone rely on what T. says or does?
I guess people wanted US to buy their bag for BSR-is this what it is about?
I am hearing "institutions are coming" AT LEAST since 2017.
So far the "INSTITUTIONS" have been mostly MSaylor, a bit of Tesla and a bunch of minnows-like companies.

I'm talking about the broader crypto market sentiment at the moment, but mostly it's all just retail that are in shambles I guess, most whales are accumulating. Well, we can't deny the fact that most institutions are conservative or still think Bitcoin doesn't have any necessary usecase yet but if a government like USA makes a move, that's definitely something.

Trump's crypto Czar says Bitcoin is the real and most powerful crypto.

It's a "great store of value." 🚀

Video link: https://x.com/Vivek4real_/status/1886945524286161317?t=DeNwwXF73-ihOZysyS_AUg&s=19

Yeah saw that news from CNBC already but what's coming from Sack's mouth doesn't have some edge compared to what coming from the President itself, the current market doesn't absorb it. I'd get it, there's no second best.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

@CryptoJelleNL
#Bitcoin yearly candles:  

2011 🟢
2012 🟢
2013 🟢
2014 🔴
2015 🟢
2016 🟢
2017 🟢
2018 🔴
2019 🟢
2020 🟢
2021 🟢
2022 🔴
2023 🟢
2024 🟢
2025 👀

The pattern is clear.
https://x.com/cryptojellenl/status/1886783961130492066



Nearly time for lift off.

FTX distributions, state pensions, us strategic reserve, foreign government accumulation, continued growth of ETFs, MicroStrategy going full retard… It’s hard to imagine a scenario where the all time high isn’t in front of us still. I suspect things will move quickly once the current all time high breaks.

[cAPSLOCK]

I don't know..Saylor seems to be buying the "top" all the time.
Nobody seems to "create" any discounts for his outlandishly large buys.

What bitcoin is he buying though?  I mean... from where?