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

[Tzupy]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

[ChartBuddy]

Coin
Explanation

[Fatman3001]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

[ChartBuddy]

Coin
Explanation

[Brewins]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

The price would recover in minutes...

Would have no long term effect, except by some posts and threads in the speculation asking WTF is going on

[Tzupy]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

The price would recover in minutes...

Would have no long term effect, except by some posts and threads in the speculation asking WTF is going on

After a couple of weeks with significant dumps, the bids would become depleted and then a new capitulation would start, I am looking forward to it.

[gijoes]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

The bid walls were there for more than a week, just begging for a huge dump. The very fact that such dump didn't happen tells us one thing loud and clear: The bears have no more coins to dump, and are afraid to borrow. All their "dump talk" is just a bravado, there is nothing behind it. Looks like this bear market died a horrible death: it died of boredom.

[inca]

It would be nice (for the bears  ) to see a 4k dump soon, the wall on bfx asks for it...

Just don't look at the order book and see what a 4k buy does..

[aztecminer]

i am about to accept bitcoin through coinbase = bullish

i finally am allowed to join coinbase exchange today = bullish

[Brewins]

Someone should buy 4k BTC on Finex instead at market price

Would be more fun

[ChartBuddy]

Coin
Explanation

[Tzupy]

Someone should buy 4k BTC on Finex instead at market price

Would be more fun

Sure, it would pump to 260$, but asks have been low for some time, and no such buy happened, bulls are out of fiat (besides the fake walls).

[Ezmoneyezlife]

Someone should buy 4k BTC on Finex instead at market price

Would be more fun

Sure, it would pump to 260$, but asks have been low for some time, and no such buy happened, bulls are out of fiat (besides the fake walls).

No wonder, 29.600.000$ of longs (>120.000 BTC) vs 4.800.000$ of shorts (19.700 BTC). just imagine margin calls from a half of those longs.
Greece most likely is gonna have to accept EU offer to survive till november, USMS still has >40.000 BTC to sell and i expect them to sell it before august (they used ~4-5 months intervals between auctions, last one occured in early march). Its gonna be pretty easy for chinese Markus bot to replace Willie which have created that ridiculous pump to 260$. Market makers won't miss the chance to get sub 200$ coins from margin calls.


People are watching obviously fake bid/ask support over and over again.

[aztecminer]

i'm going to be using this coinbase exchange ... bullish ... i'm assuming that i can now buy coins instantly through the coinbase exchange  .

[Tzupy]

@Ezmoneyezlife: according to my most probable count, we are in a similar position with the purple arrow.

[adamstgBit]

what if we see >500million dollars in new longs in less than 2 years? 

[Ezmoneyezlife]

what if we see >500million dollars in new longs in less than 2 years?  

Considering incoming collapse of USD - no shit man, but we talk about near future here, and its pretty damn clear to me that there's gonna be the last market rape to sub 200$ before a stable rise to >300$. Why would market makers throw away the last opportunity to get sub 200$ coins, just couple of chinese fake flash dumps and margin calls leading maket to 130-160$ are here, piece of cake.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Greece Rejects Bailout

[adamstgBit]

what if we see >500million dollars in new longs in less than 2 years?  

Considering incoming collapse of USD - no shit man, but we talk about near future here, and its pretty damn clear to me that there's gonna be the last market rape to sub 200$ before a stable rise to >300$. Why would market makers throw away the last opportunity to get sub 200$ coins, just couple of chinese fake flash dumps and margin calls leading maket to 130-160$ is here, piece of cake.

 it would cost quite a bit of bitcoin to start squeezing longs, bitfinex is showing >10K coins to 230, and i think we'd need to see price reach <180 for a squeeze to really take effect, even then... traders would do everything in there power to not drop a long sub 200.the past 2 long squeezes was started at >500 ( bulls admit defeat ), >200 bulls capitulate, bulls are going to re-capitulate now? no no no the only way is up now.