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

[tarmi]

well, one can only hope to grab those cheap sub 250 $ coins.

 

[Wings1987]

Bitfinex 6500 coins to $280, 20,000+ coins to $230

Greece, do what you got to do!

Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.

Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.

I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.

Do you say this is the END of this thread. I am not sure how much traction you have on hidden markets / dark pool.

I am becoming conditioned to ignore the walls. But the asks are looking extremely shaky

Not the end of this thread but why would any high volume buyer/seller use the traditional market. There is not enough liquidity.

And yes the asks are getting shakier by the minute. Fun to watch.

To move the price of course!

That was my original point. Not too long ago a legit high volume buyer/seller did not have the option. When was the last time we saw a 5000 or 10000 buy or sell?

[vrzo]

If ~$200 was the bottom (many evidence suggests, I might post some of my own), then why everyone is not buying?

[ChartBuddy]

Coin
Explanation

[tarmi]

If ~$200 was the bottom (many evidence suggests, I might post some of my own), then why everyone is not buying?

 maybe your premise is false, dont know.

[8up]

If ~$200 was the bottom (many evidence suggests, I might post some of my own), then why everyone is not buying?

Because there is always a better entry point (until there is not). And as long as the log downtrend is not clearly broken, a more bearish view is very legit. At least if you want to buy in sub $250 (tarmi et al.).

[kevindurant]

I'm ready for that 10$ push.

[Paashaas]

If ~$200 was the bottom (many evidence suggests, I might post some of my own), then why everyone is not buying?

 maybe your premise is false, dont know.

Because $200 is NOT the bottom, bitcoin will drop much lower than that, everyone knows it from deep heart. that's the reason no one is buying but bulltards are asking stupid newbies and bag holders to buy! Just this simple.

[Sitarow]

[superresistant]

 

[vrzo]

If ~$200 was the bottom (many evidence suggests, I might post some of my own), then why everyone is not buying?

 maybe your premise is false, dont know.

possible but not likely

[Tzupy]

To me, the bid structure on Bitfinex looks like a whale bought about 6k BTC non-leveraged, and now
he put fake (legit but would vanish) bids leveraged staggered between 234$ and 249$, to persuade the
piglets into getting bull trapped. I hope he'll succeed and that I'll be able to dump before him.

[dHe_zHiq]

I do not have an estimate on bitcoin prices for the next, whether to sell now or hold?

[madonnino]

I do not have an estimate on bitcoin prices for the next, whether to sell now or hold?

no one can see the future of bitcoin, if u are in doubt.....  HOLD

[Ezmoneyezlife]

To me, the bid structure on Bitfinex looks like a whale bought about 6k BTC non-leveraged, and now
he put fake (legit but would vanish) bids leveraged staggered between 234$ and 249$, to persuade the
piglets into getting bull trapped. I hope he'll succeed and that I'll be able to dump before him.

Well, my two cents:
1) pump came from OKgox without any reason and almost reached a potential top at ~1650 CNY (~265$)
2) there is a possibility of the last pump wave to force finex/stamp to reach ~260-265$ range before a large dump
4) during this obviously fake pump amount of shorts have decreased ~50% while longs have stayed at the same lvl which means that market maker didn't buy a damn thing or sold everything at ~255$, which looks like the short squeeze before a huge dump to make it easier to execute
5) Greece won't exit EU until the fall, its obvious
6) there will be no ETF until the fall either due to twins' speech, only Gemini around beginning of july but i highly doubt that there will be some pump for it
7) USMS still has the stash of 40k BTC waiting to be sold, i would expect them to release the date of the auction within couple of weeks
8 ) block size issue still hasn't resolved

=> i would expect some pump to ~265$ and then dump to even sub 200$ to find out the real bottom for btc or to confirm the ~160$ one.

[SkyValeey]

I do not have an estimate on bitcoin prices for the next, whether to sell now or hold?

Hold. Sell only if you'll see strong signals or if price is at peak with big volume and full-fomo (for now that would be 265-280$ range).

[Sitarow]

[tarmi]

I do not have an estimate on bitcoin prices for the next, whether to sell now or hold?

Hold. Sell only if you'll see strong signals or if price is at peak with big volume and full-fomo (for now that would be 265-280$ range).

we hit 259, I think you are a greedy bastard.

 

[Sitarow]

5 Minutes Later

[otto93]

To me, the bid structure on Bitfinex looks like a whale bought about 6k BTC non-leveraged, and now
he put fake (legit but would vanish) bids leveraged staggered between 234$ and 249$, to persuade the
piglets into getting bull trapped. I hope he'll succeed and that I'll be able to dump before him.

How did you guess that he actually bought about 6k BTC, then put fake leveraged bids on? Is there somewhere that keeps a record of leveraged bids that anyone can view? I agree the 20k bid wall looks fake and I think it will get pulled sooner or later.