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

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[macsga]

Bitfinex has started a pump. Maybe the "Great Wall of Bids" (TM) owner decided to buy in instead of waiting?

[rebuilder]

Bitfinex has started a pump. Maybe the "Great Wall of Bids" (TM) owner decided to buy in instead of waiting?

A bit early to say, don't you think? Up 2 USD on about 1k BTC of volume...

[macsga]

Bitfinex has started a pump. Maybe the "Great Wall of Bids" (TM) owner decided to buy in instead of waiting?

A bit early to say, don't you think? Up 2 USD on about 1k BTC of volume...

True, but let's say I want it to happen so I really felt trigger happy

[ChartBuddy]

Coin
Explanation

[rebuilder]

Looks like about half of the bid stairway went poof?

[ChartBuddy]

Coin
Explanation

[ghandi]

DOOM!

[solex]

Looks like about half of the bid stairway went poof?

Yeah, tired of waiting and has to move it up?

[BitofaN1]

"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?

[ChartBuddy]

Coin
Explanation

[gijoes]

"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?

He most likely hoped that the wall will attract some determined sellers able to fill his bids. However, it seems that there are no sellers with real coin ready to sell at this price point. So he figured 20K wall looks just to scary and removed half of it to give bears a fair chance at dropping the price. It would be interesting to see if the bears still control enough coins to fill even decreased volume of bids (or are willing to borrow the same). If not, all the "$200 by tomorrow!" bear battle cries amount to nothing but posturing.

[ChartBuddy]

Coin
Explanation

[emelac]

"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?

It was probably a fake wall made from borrowed coins. The person who put it up probably couldn't afford to keep paying the interest it cost to borrow that many coins and decided to return them. Alternatively he might soon put up a giant sell wall like the last time when a giant buy wall got switched to a giant sell wall.

[cyclotronmajesty]

"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?

It was probably a fake wall made from borrowed coins. The person who put it up probably couldn't afford to keep paying the interest it cost to borrow that many coins and decided to return them. Alternatively he might soon put up a giant sell wall like the last time when a giant buy wall got switched to a giant sell wall.

Wow borrowing to put up a sell wall. That's gotta be a new level of pathetic.

[Lauda]

I've seen a lot of people speculate that the price will either go up or crash, but it's actually just stayed the same within a $240-$245 range most of the time.
Since most of people usually go on vacation during the summer, I wonder if the market will remain still again. I don't remember the last time that we've had action during summer. Maybe that drop from ~$100 to ~$65 in July 2013?

[ChartBuddy]

Coin
Explanation

[rebuilder]

Eh mista! look like u no expert trader, why BTC swap on fiNex do no get up if he really borrows??? Me also scared price will drop even more :-(

That's because it's a bid wall, not an ask wall. Any swap used for it would be in USD. Now to check if the swap sum has changed today...

Edit: USD swaps have gone up by 600,000+ in the last 24 hours. It doesn't seem likely the wall was halved to save on swap interest.

[empowering]

Then all you need is a potato tower.
Maybe some of those minature cows ^^  
Hmmm minature pigs...

Can you make guinea sausages out of guinea pigs?

You could certainly try