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

[Hyperjacked]

Some serious walls on Bitstamp, Bitfinex and Kraken.  

Clearly a cross USD exchange operation by the same entity?

Is this a whale making a statement that Bitcoin will be supported at $380?

If the selling pressure on Stamp is not coming from the same hand as the buying pressure, and their existed a bear whale on Stamp, then the strong support at $380 across all the USD exchanges, is perhaps a bull whale underlining who has the strongest hands to the bear whale?

I noticed that 600 BTC was sold into 1300 Bid Wall on Stamp, but nothing has been touched on Kraken or Finex.

The Bulls have deep pockets...

will it gain support...? Time will tell...but I love when the Bollinger tightens!

[MatTheCat]

The Bulls have deep pockets...

will it gain support...? Time will tell...but I love when the Bollinger tightens!

...yep, that looks like what is going on.

Nae volume on any exchange, except Stamp, where some hand(s) were selling big chunks of BTC, with another set of hands putting in form support above $380.....

.....then a massive Bid Wall on Stamp, accompanied by massive Bid Walls on the other Western exchanges, all slap bang at $380.


That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

[ChartBuddy]

Coin

Explanation

[petahashminer]

what is the purpose of these bid walls on bitfinex and bitstamp at 380$?

is it a bullish attempt?

[bri912678]

Some serious walls on Bitstamp, Bitfinex and Kraken.  

Clearly a cross USD exchange operation by the same entity?

Is this a whale making a statement that Bitcoin will be supported at $380?

If the selling pressure on Stamp is not coming from the same hand as the buying pressure, and their existed a bear whale on Stamp, then the strong support at $380 across all the USD exchanges, is perhaps a bull whale underlining who has the strongest hands to the bear whale?

I noticed that 600 BTC was sold into 1300 Bid Wall on Stamp, but nothing has been touched on Kraken or Finex.

The 600 BTC was sold into that Bid Wall about a second after it was put up. It happened so fast I think both trades were made by the same whale. There's now so little trading activity on Bitstamp that he can do what he wants there. I agree he's probably the same whale manipulating the other major exchange prices too. Everyone's burned out after the rally, and the whale's the only one trading/manipulating today.

[InvestorPerson]

what is the purpose of these bid walls on bitfinex and bitstamp at 380$?

is it a bullish attempt?

taunt the small fish to start buying/filling up order book above that "support". dump into it when enough is there  

[yolalanda]

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

Laughably transparent false flag disinfo attempt by bull whale, who should just pack up and go home. Bears aren't fooled by his runny bullshit.

[Hyperjacked]

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

Laughably transparent false flag disinfo attempt by bull whale, who should just pack up and go home. Bears aren't fooled by his runny bullshit.

The Bears arrogance blinds them...

[smiletyson]

Coin

Explanation

Nice buy support on finex, but not good enough. Stamp is more balanced... Price can go both ways.

[MatTheCat]

Yep, probably one entity doing this.
Bulls vs Bears wars... Or someone trying to get filled own walls by pushing down Chinese exchanges.

I dunno...

If there were 2 whales at work, say Bull whale and Bear Whale:

Then there has been a shit storm of volume on Stamp, gradually bringing price down to $380, at which point these massive walls went up across all exchanges, which would mean that Bear whale has been pushing market down on Stamp, whilst China sleeps, and Bull whale has been supporting the price. If this thesis were to hold, then the massive Bid walls on Stamp, and across the other exchanges would be a statement from Bull whale to Bear whale, saying that your pushing the market down stops here. Even if Bear whale had the BTC to devour the $380 support on Stamp, it would take a rampant amount of selling from traders on other exchanges in order to make the whole market follow Stamp.

I doubt that many experienced 'little fish' trading with volumes worthwhile for a whale confiscating, are going to jump into a position on account of some massive walls going up. Walls accompanied by massive buying and selling perhaps, but this kind of stalemate suggest that everyone has paused, and two whales are having an arm wrestle to decide which way the market goes.

Going by the fact that not a single BTC of the Walls on Kraken or Finex have been touched, that might suggest that Bear whale either doesn't have funds on these exchanges and/or doesn't have the liquidity to win this battle.

[hdbuck]

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

Laughably transparent false flag disinfo attempt by bull whale, who should just pack up and go home. Bears aren't fooled by his runny bullshit.

The Bears arrogance blinds them...

but seriously you gotta be suicidal to buy at these prices.

beware.

[Feri22]

I thought the last 24 h were supposed to be critical   Boring, crazy 3 weeks and now boring again? Shiiiiiiiiiiiieet

[Hyperjacked]

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

Laughably transparent false flag disinfo attempt by bull whale, who should just pack up and go home. Bears aren't fooled by his runny bullshit.

The Bears arrogance blinds them...

but seriously you gotta be suicidal to buy at these prices.

beware.

I could make the same argument for selling!

[hdbuck]

what is the purpose of these bid walls on bitfinex and bitstamp at 380$?

is it a bullish attempt?

taunt the small fish to start buying/filling up order book above that "support". dump into it when enough is there  

sharks, right?

[MatTheCat]

but seriously you gotta be suicidal to buy at these prices.

Indeed.

Nobody should take a long or a short position right now, until the market makers have decided which way the market is going to go. If you are already in a position, same thing. Don't exit until you see which way the wind is going to blow.......


.....once this is resolved, and if it is resolved up the way, then I think we can all remember a time when we would have bitten someones hands off for sub $400 BTC.

[Hyperjacked]

I thought the last 24 h were supposed to be critical   Boring, crazy 3 weeks and now boring again? Shiiiiiiiiiiiieet

look it's the weekend and Blythe Masters is enjoying a nice day walking the dogs in Central Park...

who said 24hours? I said more like an Eddie Murphy 48 hours kinda movie (watch you tube trailer)

maybe a trading places Eddie Murphy type of time frame...

cheers and enjoy a movie weekend.

[r0ach]

look it's the weekend and Blythe Masters is enjoying a nice day walking the dogs in Central Park...

The gods have decided the uptrend will continue.

[adamstgBit]

look at that hourly tiny red candle with 6k volume!

support is way stronger than I expected. was THE PLUNGE intercepted 

starting to get nervous

[yolalanda]

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

Laughably transparent false flag disinfo attempt by bull whale, who should just pack up and go home. Bears aren't fooled by his runny bullshit.

The Bears arrogance blinds them...

Your bovine friend pooped himself and ran away. Nothing can save you now...

[adamstgBit]