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

[Raja_MBZ]

$7400

[fragout]

And Alts are showing better gains than BTC. Strange days indeed

[Agapios]

And Alts are showing better gains than BTC. Strange days indeed

I think on some 1st larger drop ALTS are gona lose that gain and drop more, and BTC will get again even bigger piece of cake
Thats at least what i am seing since btc reached 4k and went up

[Raja_MBZ]

And Alts are showing better gains than BTC. Strange days indeed

LOL? Are you sure? My alts are all mostly down (in BTC, not in USD). Yours must be an exception. Never forget:

19. Always keep in mind the following pattern of BTC & Alts, as seen in past years:

*1) If bitcoin goes up heavily, all alts suffer.
*2) If bitcoin goes down heavily, all alts suffer.
*3) If bitcoin goes up slowly, only low volume alts suffer.
*4) If bitcoin goes down slowly, only volume alts suffer.
*5) If bitcoin stays sideways, every kind of alt grows.
*6) If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.

[Last of the V8s]

More to it than that. Big cap alts catching up with btc while it draws back for 15 mins.

[UnDerDoG81]

I think we are still in disbelief. I dont think this is a real rally. Hope otherwise of course.

[becoin]

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

That makes sense. A lot.

Nope. This can only be caused by triggered stop loss orders. Large institutional stop loss orders! They have managed to depress price for one year by creating additional bitcoin "liquidity" to "tame bitcoin". Now those fools are paying for their stupid games. Soon they'll ask Fed to print more $$$ to bail them out of their bitcoin naked shorting adventure!

[Toxic2040]

1 minute chart engaged  look at those $100+ candles  

#stronghands

[STT]

If even we have gotten surprised by the strenght of this rally I can't even dare to think in which state of negation the shorters must be now.

Shorts and the forced close of those shorts (leveraged) are effectively giving us more new buyers at the highs which is making the rally easier to progress.   Shorts are always a powerful force because they only exist within a trade not as part of the fundamentals to Bitcoin

I'am surprised at the price moving so quickly through 6000 because history should have alot of old holders here, some of which will sell either manually or just through orders left on the books.   Theres definitely going to be holders waiting to sell here so it must be a fair amount of volume in total buying to be passing through at speed.  

  Only story I saw especially today was a big hedge fund manager stating a high target for BTC

https://cryptoinsider.com/400000-bitcoin-btc-price-predicted-by-prominent-hedge-fund-manager/

[bitserve]

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

That makes sense. A lot.

Nope. This can only be caused by triggered stop loss orders. Large institutional stop loss orders! They have managed to depress price for one year by creating additional bitcoin "liquidity" to "tame bitcoin". Now those fools are paying for their stupid games.

Triggering stop losses is obviously the multiplication factor... but someone had to start pushing upwards and keep buying to trigger them in first instance.

Maybe just a combination of factors....

[UnDerDoG81]

1 minute chart engaged  look at those $100+ candles  

#stronghands

What site is that? Bitcoinwisdom is death and this looks similar.

[Last of the V8s]

that's tradingview
have you tried bitcoinwisdom.io?
or cryptowat.ch

[Lambie Slayer]

Still waiting SEC - 16 may
VanEck SolidX Bitcoin Trust - 21 may

This might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?

So VanEck SolidX gets approval Monday

20K by July 4th if so.

[El duderino_]

via Imgflip Meme Generator

7k+

Mic back on the lose !!!!!!!! Party continues bear or Bull market, but more pleasure during Bull moments

[Ibian]

Apparently the old guard doesn't understand what physical scarcity actually means in terms of their old strategies. Is supply and demand really such a hard concept to grasp?

[El duderino_]

Cheers my true BTC brothers

[Biodom]

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

This is just a dumb ass nocoiner (ignoramus) behavior.
When institution is buying from, say, Coinbase, prior history is of little (or no) concern since it is all going to a pool, from which Coinbase gives you your btc.
But, if they want to overpay, this is on them.

[UnDerDoG81]

have you tried bitcoinwisdom.io?

Did not knew they moved the site. Thats good to know, thanks!

[Febo]

When was last time that price increased 15% in a day?

[El duderino_]

BULLmarket uppon?
Seven-thousand dollars Fuck!
Need new merit source?