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

[BayAreaCoins]

WTF is going on @ Coinbase?

Fake wall?

The 69 BTC buy wall?

What are you fruit loops talking about?

[Fatman3001]

WTF is going on @ Coinbase?

Fake wall?

The 69 BTC buy wall?

What are you fruit loops talking about?

What am I reading wrong?

Looks like several K to me

COINBASE

[Ezmoneyezlife]

Coin
Explanation

Funny with that wall on Coinbase. Hope it's real.

Ofc its real, as real as chinese fake volume on goxobi. Just another attempt to force fools to go long. People see "huge buying volume" on chinese shitty exchanges, fake bid walls and cancel shorts/go long, then comes the dump. Thats how it works.

[ChartBuddy]

Coin
Explanation

[luckygenough56]

WTF is going on @ Coinbase?

Fake wall?

The 69 BTC buy wall?

What are you fruit loops talking about?

What am I reading wrong?

Looks like several K to me

COINBASE

chinese fake volume doesn't work anymore to make people go long so they try to mindf*ck with a coinbase tsunami.

[ChartBuddy]

Coin
Explanation

[Cassius]

That 5k wall really looks mean  Who would put so much money on Coinbase? Their AML and KYC must have kill him - paperworks.

$1m+? Someone is serious.

[noobtrader]

bear try real hard to drop bitcoin on finex, dont they want to sell higher tomorrow ?

[ChartBuddy]

Coin
Explanation

[Omikifuse]

Suddenly Coinbase is bigger than Finex and Bitstamp

I remember some weeks ago they had really low volume

[spooderman]

Must be some big institutional buyer.

[luckygenough56]

you guys need to give some cheap coins to market makers   

[tokeweed]

I noticed some big buys at these levels.

[ChartBuddy]

Coin
Explanation

[Omikifuse]

Suddenly Coinbase is bigger than Finex and Bitstamp

I remember some weeks ago they had really low volume

No. Since they started charging fees they have lower volume than Bitstamp. Coinbase ask side (and bid if we take out that wall) is still very thin. Don't know why would anyone wire 1mil$ to the exchange with such low liquidity.

Look at Chart Buddy's charts.

Unless it is a bug or the graphs are not in the same scale, something is wrong

[SkyValeey]

Does the lack of troll counts as a signal of a trend reversal?

Trend reversal?

If you call trend reversal going from downtrend to more downtrend lol...

[Cassius]

Suddenly Coinbase is bigger than Finex and Bitstamp

I remember some weeks ago they had really low volume

No. Since they started charging fees they have lower volume than Bitstamp. Coinbase ask side (and bid if we take out that wall) is still very thin. Don't know why would anyone wire 1mil$ to the exchange with such low liquidity.

If I was sending $1m anywhere, I'd want it to be somewhere with at least a degree of regulation and in my home country, not somewhere like Stamp of Finex that might run into problems of some sort.

[ChartBuddy]

Coin
Explanation

[Searing]

what does everyone think of this? (outlook on price going down being a (kinda) good thing for bitcoin)

http://cointelegraph.com/news/113987/bitpay-reveals-the-good-reason-why-bitcoin-price-is-down

me..who knows but it gets eyeballs to their site I'd imagine

[Cassius]

what does everyone think of this? (outlook on price going down being a (kinda) good thing for bitcoin)

http://cointelegraph.com/news/113987/bitpay-reveals-the-good-reason-why-bitcoin-price-is-down

me..who knows but it gets eyeballs to their site I'd imagine

They're half right. Infrastructure has helped by giving people somewhere to spend coins. The bear market has given them a reasons to spend it. That is, the bear market wasn't caused by increased real-world spending, it helped prompt it (think why governments reduce interest rates/increase inflation - same principle).