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

[derpinheimer]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

[derpinheimer]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

[Sitarow]

[Habeler876]

I gotta say... this BTC chart just doesn't read as cleanly as it used to. I miss those strong trends. My guess is we are in a consolidation and will continue to range for a couple more days. Not sure which way we'll break, but my bias is still to the upside. But it'll probably just double top. Bulls really don't look that strong.

[Torque]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk?

This is the fun you get when one or a few whales splash around in a dead market.

[ChartBuddy]

Coin
Explanation

[derpinheimer]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk?

This is the fun you get when one or a few whales splash around in a dead market.

Definitely possible, it's been very suspicious from the start IMO. Also, another 1600BTC sell..

[tarmi]

double digits first.

but you can count me in for this last round of taking fools money.

Short away big man. We keep awaiting updates from your latest successful trade!

happy now?

[figmentofmyass]

I gotta say... this BTC chart just doesn't read as cleanly as it used to. I miss those strong trends. My guess is we are in a consolidation and will continue to range for a couple more days. Not sure which way we'll break, but my bias is still to the upside. But it'll probably just double top. Bulls really don't look that strong.

i'm still hodlin, but i have this nasty feeling that it's gonna sink like a stone.

[Cconvert2G36]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk?

This is the fun you get when one or a few whales splash around in a dead market.

Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train.

Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling?

In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240.
 

[marky89]

doom is not on the menu yet. moon soon.

[shmadz]

happy now?

More like relieved actually, I hate when things go too far too fast, but what I really want to know is...

How can you remain so steadfast when the price is rising? Have you no fear of the runaway market like we've seen many times in the past? Or is it just different this time? What with all the options to go short that did not exist during previous bull moves?

Genuinely curious as I've not the stomach to go short when my gut is telling me the bear market is over.

[Torque]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk?

This is the fun you get when one or a few whales splash around in a dead market.

Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train.

Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling?

In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240.
 

Totally agree.  Here's the big question:

Does the whale truly think that the market is at bottom here, and intends to go long?  If so, we may see more seeding/pumping.

Or will he "take his cards and go home" if he can't attract some other whales to start a new bull market run?  There's still the downward pressure of market inflation to deal with, as well as some miners/early investors who may need to dump holdings to satisfy some short term debts.

[tarmi]

happy now?

More like relieved actually, I hate when things go too far too fast, but what I really want to know is...

How can you remain so steadfast when the price is rising? Have you no fear of the runaway market like we've seen many times in the past? Or is it just different this time? What with all the options to go short that did not exist during previous bull moves?

Genuinely curious as I've not the stomach to go short when my gut is telling me the bear market is over.

it's quite simple and easy: instead of your gut listen to your brain.

[Alley]

The wildcard next week is Greece and china.  Greece millionaires might put some money in bitcoin as a what if scenario.  The Shanghai composite is collapsing, down 13% last week.  Chinese might see bitcoin as safer then there stocks.

[ssmc2]

happy now?

More like relieved actually, I hate when things go too far too fast, but what I really want to know is...

How can you remain so steadfast when the price is rising? Have you no fear of the runaway market like we've seen many times in the past? Or is it just different this time? What with all the options to go short that did not exist during previous bull moves?

Genuinely curious as I've not the stomach to go short when my gut is telling me the bear market is over.

it's quite simple and easy: instead of your gut listen to your brain.

His brain's telling him you're incompetent.  

[Cconvert2G36]

Greek millionaires are as likely to plow their cash into rare pokemon cards as they are into bitcoin.

[Sitarow]

https://www.youtube.com/watch?v=w81g199L8YA

Please don't bump his selfie stick!

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

Ask wall accumulating rapidly on BFX... whale friend having fun again.

It looks like he is playing with himself. Not much volume after those two sells.

Yeah it appears whatever was sold into the bidwalls were quickly placed for sale...
Either selling to himself or just an unattended bot.

I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk?

This is the fun you get when one or a few whales splash around in a dead market.

Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train.

Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling?

In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240.
 

There's been hundreds of millions of usd invested in bitcoin startups. I sometimes wonder if even one or two of these entities or their investors are using a few mil to stave off further declines. Not trying to run a rally all by themselves, but putting a floor, and at least sow some doubt in the minds of weak handed hodlers and shotrers.