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

[RayX12]

OBSERVING: Finally a serious WALL... 1300BTC sell wall on Bitfinex @9888

The manipulation is back.  Big bear and four little cubs at work here.  hmmmm... It could be a tasty short squeeze.  Market owners are mouthwatering..  


wtf?? walls eaten while typing???  Go Bitcoin Go.
Rockets ignite!

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[bitserve]

OBSERVING: Finally a serious WALL... 1300BTC sell wall on Bitfinex @9888

The manipulation is back.  Big bear and four little cubs at work here.  hmmmm... It could be a tasty short squeeze.  Market owners are mouthwatering..  

It was eaten (not pulled)... only 1327BTC to $10K on Bitfinex now.

[RayX12]

OBSERVING: Finally a serious WALL... 1300BTC sell wall on Bitfinex @9888

The manipulation is back.  Big bear and four little cubs at work here.  hmmmm... It could be a tasty short squeeze.  Market owners are mouthwatering..  

It was eaten (not pulled)... only 1327BTC to $10K on Bitfinex now.

[vapourminer]

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

You should sell your car, sell your home, sell your mobile phone, your wife, your unborn, your laptop and put them all in Bitcoin. Leave a raspberry pi so you can generate wallets, and move/spend your coins when needed.

https://i.imgur.com/OFLUAwM.png

See this picture? Does $10k look expensive to you now ha son?

Legal Disclaimer: This is not an investment advice. Any future financial loses you may have based on my opinions, I don't give a fuck. Don't even try to sue me.

yup sell everything. you just need a tent, a mobile phone for internet, a rpi for wallets and a solar cell to run them. for food, grass is good enough for cows so its good enough for us. water? one of those survivalist water filters.

then wait a few years. good to go

and heres a copy of mindrusts disclaimer:
Legal Disclaimer: This is not an investment advice. Any future financial loses you may have based on my opinions, I don't give a fuck. Don't even try to sue me.

[Elwar]

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

Do not buy bitcoins. Keep your fiat money.

Bitcoin is still as much of a joke as it was when it was $6k.

Move along.

[bitserve]

This is not classic TA. I dont know wtf is going on.

This is classic Bitcoin.

[JimboToronto]

An extremely early good morning Bitcoinland. Up at farmers' hours to get to the airport on time. 8:00AM is usually past my bedtime. I guess you could call this jetlag in advance.

I still have 4.5 hours before takeoff so my hope of touching 5 digits before departure is still within reason... currently $9933USD/$12770CAD (Bitcoinaverage).

C'mon honey badger, get 'er done. Go Bitcoin go.

[KyleSpades]

On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.

[jojo69]

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

buy high, sell low, I always say

[JayJuanGee]

On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.

Yeah of course, a correction could come at any time, so one thing would be to close longs along the way (which means selling) and another thing is going short (which means going on margin, and is a step further than some folks are willing to go).  Personally, I don't mind selling small amounts on the way up, but going short is playing a bit harder ball than is within my bailiwick. 

To be more specific, I could see breaking above $10k, by 10% or even 15% and then correcting below $10k,,, but who knows.. $10k could become a new floor, also, as others have postulated that possibility, which is not unreasonable, either.

[ivomm]

[KyleSpades]

On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.

Yeah of course, a correction could come at any time, so one thing would be to close longs along the way (which means selling) and another thing is going short (which means going on margin, and is a step further than some folks are willing to go).  Personally, I don't mind selling small amounts on the way up, but going short is playing a bit harder ball than is within my bailiwick. 

To be more specific, I could see breaking above $10k, by 10% or even 15% and then correcting below $10k,,, but who knows.. $10k could become a new floor, also, as others have postulated that possibility, which is not unreasonable, either.

Yeah, just like 9.2k has already seem to have become the new floor, at least for a while. You're right, I believe closing longs does fit better.

I'm just worried with that April 17 - 24/25 fractal. IF things end up happening in a similar fashion, we could see a spike in 10.6k and a 13% correction following May 6th and 7th (retesting 9.2k, most likely, and running up to the 11ks from there).

Or it could just keep spiking up like November - 17th of december 2017, who knows  

[TERA2]

There was a 10 day floor at 8600. I dont see a floor of 9000 on the chart.

By the way the bid depth here on all exchanges in fiat is still the same, or lower, than it was in the 6000s. If this was truly going to rally to the next ATH and such, the bid depth would be building much bigger. So this is a temporal rally.

[JayJuanGee]

On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.

Yeah of course, a correction could come at any time, so one thing would be to close longs along the way (which means selling) and another thing is going short (which means going on margin, and is a step further than some folks are willing to go).  Personally, I don't mind selling small amounts on the way up, but going short is playing a bit harder ball than is within my bailiwick. 

To be more specific, I could see breaking above $10k, by 10% or even 15% and then correcting below $10k,,, but who knows.. $10k could become a new floor, also, as others have postulated that possibility, which is not unreasonable, either.

Yeah, just like 9.2k has already seem to have become the new floor, at least for a while. You're right, I believe closing longs does fit better.

I'm just worried with that April 17 - 24/25 fractal. IF things end up happening in a similar fashion, we could see a spike in 10.6k and a 13% correction following May 6th and 7th (retesting 9.2k, most likely, and running up to the 11ks from there).

Or it could just keep spiking up like November - 17th of december 2017, who knows  

I don't have any issue with what you are saying, and it comes off as reasonable; however, I also have difficulties attempting to assign any kind of level of certainty to anything beyond one leg.  Or maybe I could reasonably assert something like, there is a decently sized possibility that prices will break above $10k in the coming day (perhaps 63%), and once prices break above $10k, if they do, then the odds are greater than 75% that they are going to appreciate at least 10% above $10k.. the odds of those two together seem to be .63 x .75, which is only 47.25%, so once you start to add up events, the probabilities begin to trickle way below 50%, and maybe I am even assigning too high of percentages to the preceding events, so I start to worry that I am speculating way too much if I try to string along too many events at once - even if I have a vision in my head, I become reluctant to say my vision out loud because there are too many contingencies that end up lowering the probability of that outcome by a considerable amount, even though I view my scenario as the most likely of scenarios, it begins to trickle down to the 1/3 or below territory, so it becomes more likely that I am wrong, even if I am picking the most likely of the then available options.  I hope that makes sense.

[bitserve]

There was a 10 day floor at 8600. I dont see a floor of 9000 on the chart.

By the way the bid depth here on all exchanges in fiat is still the same, or lower, than it was in the 6000s. If this was truly going to rally to the next ATH and such, the bid depth would be building much bigger. So this is a temporal rally.

I don't think anyone is expecting this "rally" to simply go straight and past previous ATH in no time. It will eventually do but there should be corrections on the way up.

One thing at a time.... Let's just break $10K first and wait for the positive headlines in MSM again.

The bid depth usually increases crazily when FOMO kicks in (and the price is HIGH), not before.

[mike4001]

Btw. whats going on with Bitcoin Cash ??

0,172 BTC now and rising.

I know, I know ... this is no Altcoin section ;-)

[TERA2]

Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.

[Ibian]

Btw. whats going on with Bitcoin Cash ??

0,172 BTC now and rising.

I know, I know ... this is no Altcoin section ;-)

What's going on is that I sold at 3k. It's still amazing to me that we got money for basically free like that.

[mike4001]

And down again.

The wall to 10k is too strong atm.

[KyleSpades]

On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.

Yeah of course, a correction could come at any time, so one thing would be to close longs along the way (which means selling) and another thing is going short (which means going on margin, and is a step further than some folks are willing to go).  Personally, I don't mind selling small amounts on the way up, but going short is playing a bit harder ball than is within my bailiwick. 

To be more specific, I could see breaking above $10k, by 10% or even 15% and then correcting below $10k,,, but who knows.. $10k could become a new floor, also, as others have postulated that possibility, which is not unreasonable, either.

Yeah, just like 9.2k has already seem to have become the new floor, at least for a while. You're right, I believe closing longs does fit better.

I'm just worried with that April 17 - 24/25 fractal. IF things end up happening in a similar fashion, we could see a spike in 10.6k and a 13% correction following May 6th and 7th (retesting 9.2k, most likely, and running up to the 11ks from there).

Or it could just keep spiking up like November - 17th of december 2017, who knows  

I don't have any issue with what you are saying, and it comes off as reasonable; however, I also have difficulties attempting to assign any kind of level of certainty to anything beyond one leg.  Or maybe I could reasonably assert something like, there is a decently sized possibility that prices will break above $10k in the coming day (perhaps 63%), and once prices break above $10k, if they do, then the odds are greater than 75% that they are going to appreciate at least 10% above $10k.. the odds of those two together seem to be .63 x .75, which is only 47.25%, so once you start to add up events, the probabilities begin to trickle way below 50%, and maybe I am even assigning too high of percentages to the preceding events, so I start to worry that I am speculating way too much if I try to string along too many events at once - even if I have a vision in my head, I become reluctant to say my vision out loud because there are too many contingencies that end up lowering the probability of that outcome by a considerable amount, even though I view my scenario as the most likely of scenarios, it begins to trickle down to the 1/3 or below territory, so it becomes more likely that I am wrong, even if I am picking the most likely of the then available options.  I hope that makes sense.

Makes a lot of sense, mate. I'd say it's a solid and grounded mindset to approach trading nevertheless.