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

[Last of the V8s]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Don't blame Wales.  

Yeah bhouy, Wales is Offa limits.

[1714819806]

1714819806

[1714819806]

1714819806

[Last of the V8s]

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down. 

flail around much?
lol this is a bear trap, nothing more

[TERA2]

I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.

[Elwar]

The huge buy walls I see on the buy side on 'finex tells me it is whales screwing with things.

[mindrust]

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down. 

flail around much?
lol this is a bear trap, nothing more

[Last of the V8s]

I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.

I don't think about you.
You changed the subject from mike's notbad explanations, to an illogical, therefore irrelevant beartard theory that there are people left with boatloads of coins who bought at 10K.
Expect more ignorant digs if you spin more obfuscatory theories.

[TERA2]

If anyone ever wants to know why I sound cynical then this is why. God it's going to be so fun to quote all those arrogant posts if new lows come.

[Last of the V8s]

wtf? we need a new low

[bones261]

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

wtf? we need a new low

Yes, I will be more than willing to make someone two pizzas for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

[Last of the V8s]

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

wtf? we need a new low

Yes, I will be more than willing to make someone a pizza for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

not that is known about.
i meant like wick down to 5800 and shoot back up

[bones261]

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

wtf? we need a new low

Yes, I will be more than willing to make someone a pizza for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

not that is known about.
i meant like wick down to 5800 and shoot back up

I remember a year ago when people would tout 5000 USD, I thought that they were fantasizing. Now 5800 is like a bear's wet dream.  

[Karartma1]

If this is the weekend stop I hope we do not lose the 9K Vegeta limit. We got a bit too enthusiastic yesterday and we must face the wall reality now. But those are not the problems of holders, right.
Up Bitcoin, UP

[xhomerx10]

Isn't it too soon to be posting this? I see the meme and instantly go to cryptowat.ch and only find disappointment. It's almost as bad as someone giving me a blowjob a stopping abruptly moments before the orgasm.
Sorry, we are still stuck with Vegeta.

 Oopsie!

[TERA2]

[greensheep]

[mindrust]

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

wtf? we need a new low

Yes, I will be more than willing to make someone a pizza for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

not that is known about.
i meant like wick down to 5800 and shoot back up

A pullback to $6k ($3k would be better than ever;) would be more than awesome to be honest.

I still got many papers in the bank account waiting for the right time. I am already getting in from the whatever price I get at that time with my newly earned money but I need a cheap price to let my old money go.

Just created this gif for only this post.

[B1tUnl0ck3r]

How many outlaws according to the SEC are still posting covertly here  

no fear, I don't give a damn of those obama laws to silence us all.

first they came for you, and I didn't realize, and then I did, and show you the one who is the enemy.

what will you do? keep watching the wall in silence?

some... others, will bet on his death .

and to the little shit who will say I sign my buys... yeah, wait for all to have been silenced and see how fun it will be when they will tell you not to move...

Fuck Yes!

We are the *WALL OBSERVERS* and all that completely unintelligible noise is very distracting for our mission.

A bit of silence would be of some help.

Please.

 

[RayX12]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Whales hold Bitcoin down while they amass much profit in ALTS. 

[Hueristic]

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

Bullhound predicts that Ethereum, now a distant second to bitcoin in terms of market cap, will vault to the No. 1 position.

Haha, Bullhound is full of Bullshit.

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

90% correction - from here, or from the top? I could see $2500. I can't see $1000.

I doubted them until they said ETH would rise to #1, they're totally legit  

Yeah that was a dead giveaway.

I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.

Lets not forget that there are those likr mr who feel the weak will sell so I moved into Monero and when I feel the opposite I will move back. It is a profitable see saw game but not without it's risks as Monero likes to go on a bullrun without forewarning and gets dumped for no specific reason. I have noticed a much more symbiotic relation over the years as time passes and the cap is not as easily manipulated though. I'm sure others feel the same about their favorite alt.

[TERA2]

I dont even know who blablabvealwlawl is but apparently hes had issues with me and already blocked me in the past (I had no idea) and now hes going to do it again and I'm apparently supposed to care so much he can give me that easy let down at the end like hes my ex. I'm going to guess that he forgot to use his astroglade last night.