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

[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.

[jojo69]

he's just grumpy right now

[TERA2]

All the bulls are so on edge. Such a backlash just because I gave some perfectly logical explanations why someone might be selling at 10k, other than this obsession with all sells being market manipulation.

[Torque]

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.

So if you are so sure of yourself, put your money where your mouth is and call the bottom price.

[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.

So if you are so sure of yourself, put your money where your mouth is and call the bottom price.

I used the word if instead of when because I was uncertain.

[Harlot]

Looks like we are suffering the consequences of our first big attempt to cross over 10,000$ and I think the correction is due to the market prematurely offloading their position in anticipation of such event, and the correction did brought us back inside the downtrend channel line again which is below 9,700$ but does it mean we failed to make a reversal? No and it will only be a matter of time when we see Bitcoin re-test the 10,000$ level again RSI is oversold at this point and MACD is near -100 but will most likely make a bullish crossover in the next few hours.

[Torque]

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.

So if you are so sure of yourself, put your money where your mouth is and call the bottom price.

I used the word if instead of when because I was uncertain.

As you have been since the time you arrived here. So stop peacocking noob, it's just making you look silly.

[Elwar]

Someone asked me if he should sell when the price was around $9100. I was going to tell him to sell around $9950, not $10k because everyone will set that as their sell number...if he was going to sell.

Instead I told him to come up with a number that made sense from his budget and what he needed and stick to that. Telling him to rely on the numbers to determine when he needed to sell as opposed to selling on emotion. That was more on the par of advice for the long term as opposed to the immediate market.

[babanana]

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.

So if you are so sure of yourself, put your money where your mouth is and call the bottom price.

I used the word if instead of when because I was uncertain.

As you have been since the time you arrived here. So stop peacocking noob, it's just making you look silly.

Maybe his buy back order is too low and did not get filled. He's hesitant to put another order thinking it will go down but its not. Sorry, this round is not for you. In six to eight months you'll have another chance.
Good luck!

[TERA2]

All of these comments are totally irrational and irrevelevant to my examples of 'why those walls are being sold at 10k'. Nobody can stick with that topic and wants to deflect the topic to price predictions and bears and somehow me and my position. So ignorant.

This is 'wall observer'. Im on topic. You arent.

Someone told me my explanations about the 10K sells were super bearish. I thought they were completely neutral and had nothing to do with a future outlook.

After expressing some mild contempt for rude people, first someone I dont know apparently places me on block for the second time, and then someone else challenges me to place a bet when I had not made any kind of call.

I dont conform with the popular consensus about how this market works so I am 'Debbie Downer'.

It's like the twilight zone.

The way you guys talk to me right now - it begets retaliation and THIS is why I turn into a downer later and point out when you are wrong. That point went totally over your head.

No I dont have a buyback order - not for btc at least.

[Toxic2040]

Good morning guys.

Indicators are relaxing as we catch support at the kijun line. This is a short term consolidation point and the market looks like it will head back towards the .382 fib line. I expect more sideways this coming week with moderate volume and volatility as we head back towards and test $10k next weekend. This rise, consolidate then dip cycle is very bullish imho. The laddering up is very apparent on the cloud. #dyor

[Agapios]

Good morning guys.

Indicators are relaxing as we catch support at the kijun line. This is a short term consolidation point and the market looks like it will head back towards the .382 fib line. I expect more sideways this coming week with moderate volume and volatility as we head back towards and test $10k next weekend. This rise, consolidate then dip cycle is very bullish imho. The laddering up is very apparent on the cloud. #dyor

Please explain me because I am stupid. How can your chart predict what will happen if there will be for example some major negative or major positive news? I am always very puzzled by so called chart experts (who always predicts two side movement lol) who never mention news. For me its like news run 90% of crypto market. For chart experts its like they never heard for news.

Or perhaps I am just stupid and news doesnt mater. I feel i will hear now flame, but i dont got it, post like news doesnt matter.

[Torque]

After expressing some mild contempt for rude people, first someone I dont know apparently places me on block for the second time, and then someone else challenges me to place a bet when I had not made any kind of call.

Put up or shut up noob. Make the bottom call if you're so sure the bulls are wrong and we're going lower.

[TERA2]

I was expressing that I would enjoy a new bottom so I could shut you all up, since all the rude bulls here are so agressive during these rallies. Whether it will actually happen is another story.

Now 3 months ago I already did  this 'putting up' by splitting my profits into a ratio of coins and fiat based on my (non-binary) level of certainty. Im not sure what else you think I should do or why I should be obligated to make some kind of personal bet with a W.O. poster in order to keep observing walls.

[Torque]

I was expressing that I would enjoy a new bottom so I could shut you all up, since all the rude bulls here are so agressive during these rallies. Whether it will actually happen is another story.

Now 3 months ago I already did  this 'putting up' by splitting my profits into a ratio of coins and fiat based on my (non-binary) level of certainty. Im not sure what else you think I should do or why I should be obligated to make some kind of personal bet with a W.O. poster in order to keep observing walls.

The *real* TERA would have made a bottom call. And the real TERA would have some data to back it up. This is why I know why you are a total fraud, and not the real TERA.

[vroom]

Please explain me because I am stupid. How can your chart predict what will happen if there will be for example some major negative or major positive news? I am always very puzzled by so called chart experts (who always predicts two side movement lol) who never mention news. For me its like news run 90% of crypto market. For chart experts its like they never heard for news.

Or perhaps I am just stupid and news doesnt mater. I feel i will hear now flame, but i dont got it, post like news doesnt matter.

price can be manipulated by whales and news are used to cover their moves/manipulations.

[TERA2]

I was expressing that I would enjoy a new bottom so I could shut you all up, since all the rude bulls here are so agressive during these rallies. Whether it will actually happen is another story.

Now 3 months ago I already did  this 'putting up' by splitting my profits into a ratio of coins and fiat based on my (non-binary) level of certainty. Im not sure what else you think I should do or why I should be obligated to make some kind of personal bet with a W.O. poster in order to keep observing walls.

The *real* TERA would have made a bottom call. And the real TERA would have some data to back it up. This is why I know why you are a total fraud, and not the real TERA.

I have to refute and claim my authenticity as king TERA, as if this were a prestigious position. However I still do not wished to be tricked into some kind of bet with you. Ive made some calls in the past about the bottom of the current run but at this point I could only speculate with a guess about a scenario that may or may not happen.

[Toxic2040]

Good morning guys.

Indicators are relaxing as we catch support at the kijun line. This is a short term consolidation point and the market looks like it will head back towards the .382 fib line. I expect more sideways this coming week with moderate volume and volatility as we head back towards and test $10k next weekend. This rise, consolidate then dip cycle is very bullish imho. The laddering up is very apparent on the cloud. #dyor

Please explain me because I am stupid. How can your chart predict what will happen if there will be for example some major negative or major positive news? I am always very puzzled by so called chart experts (who always predicts two side movement lol) who never mention news. For me its like news run 90% of crypto market. For chart experts its like they never heard for news.

Or perhaps I am just stupid and news doesnt mater. I feel i will hear now flame, but i dont got it, post like news doesnt matter.

First of all..there are no stupid questions...ever. Secondly..you are correct..the chart is just representing "technical" data. The price movement over past cycles, be that either minutes, hours or days. It has no way to incorporate sudden real time events or news that may impact price other than a big green or red candle one way or the other. If you day trade the short term charts are affected the most by events or news. In the mid-term..these events have less impact..although it still can be severe. In the long term..daily news cycles still play a role but have significantly less sway over price and market direction. Those movements are already baked in so to speak. It comes back to physics imho..on a short time frame the inertia is low..so it can be moved with less effort. At longer time frames the market has built higher levels and it takes much more to change direction or momentum. Hope this helps.