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

[HairyMaclairy]

Choppy waters ahead.

Batten down the hatches.

Seems to be a pattern to pull back 12 hours into the daily candle and then start punching it again toward the candle close, with momentum carrying onto the new daily candle.  Let’s see if the pattern holds again today.

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[Woodie]

As Bitcoin Price Keeps Surging, We Examine Potential Catalysts

-snip-

Is it just me or there is more influence coming from the U.S of A based on the potential catalysts ...

And what's happening with the Asian influence on crypto because once upon a time these where major drivers of crypto.

This race will be important:

- Weak Hands that have sold
- Those who sold in ATH
- Those who bought in ATH
- Institutional money

Everyone will buy BTC again, the result, some holdlers more and the price of BTC to the moon.

The upcoming bitcoin halving, the race to buy btc is on because before you know it the market will be crypto starved! Come on BUY, BUY!!

[Dakustaking76]

Nooooooo my love dont go down

Up is the wayyyyyyy

[FractalUniverse]

That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...

he is not stupid, just stubborn. It may take few more years before he gets back into bitcoin again  

[serveria.com]

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k
the saddest part is they will wait for 500$ even if hits 1k means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...

That makes me think he has NOTHING! He probably had some gold/silver and also some bitcoin but lost it due to poor management, poor trading skills and lack of business insight.

[encycrypto]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

[HairyMaclairy]

Nah they don’t trade fiat or Bitcoin.  It’s all bets on XBT which is their paper bitcoin tied to the bitcoin price by a complicated formula

[HairyMaclairy]

Hahaha that’s about correct.

They make it really easy to use leverage on longing or shorting so that makes it appealing.  But it is a home of deep fuckery and the volume and order books are completely fake and their in-house trading team is front running trades.  Hard work to consistently make a profit there.  

[encycrypto]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

shit I thought bitmex did true fiat trading. I never have used bitmex and never have given it much attention.

There are only two big players in crypto: BitFinex/Tether and Binance. Both are currently facing problems. Let's hope that things are getting better behind the scenes with these two.  

Bitmex and others don't even come close.

[Gyrsur]

Nooooooo my love dont go down

Up is the wayyyyyyy

the FIAT is emptied on the exchanges because of the weekend. all Buyers need more FIAT which will flood in at the earliest on Monday and the Sellers want to withdraw the FIAT or transfer it to other exchanges.

[d_eddie]

Do time and day of this bull run tell us anything about the most likely immediate cause?

It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.

Without paying a lot of attention, to me it seems the price drifts and then rallies strongly before the candle closes which is consistent with US evening trading.  

Combined with Coinbase price leadership, makes me think this is a US retail led rally.  Genuine organic demand.

That's the kind of answer I was looking for. But isn't it weird on a weekend?

[Gyrsur]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

every exchange does market making to provide liquidity to the market. there is no possibility to differ between market making (by the exchange itself or other market making parties) and the "real" volume by clients of the exchange. only the exchange itself knows the real figures.

EDIT: the so called "wash trading" or "fake volume" on the exchanges is in fact market making which provides liquidity to Buyers and Sellers. but the Noobs don't really understand how the business is working and start to blame the exchanges.

[d_eddie]

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k
the saddest part is they will wait for 500$ even if hits 1k means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...

I think it's actually a huge joke on us. The Roach isn't who we think he is.

[AlcoHoDL]

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k
the saddest part is they will wait for 500$ even if hits 1k means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...

I think it's actually a huge joke on us. The Roach isn't who we think he is.

This may well be very true...

He may be sitting on a few thousand BTC and having fun on all of us!

[El duderino_]

r0ach @ younger age perhaps?

[El duderino_]

I have serious Hat Envy. Hard to keep up with the HODLers.
Go, BTC, Go!
I hope everyone else traded their free stellar lumens for BTC when it was around $5K and XLM was at 12 cents.
I did, and now BTC is over $6K, XLM is 9 cents, LOL.
Thanks for the free pump, XLM!

Free lumens? I didn't know it was distributed based off btc?

I think it only was for BTC on Kraken....

[El duderino_]

happy mothers day 

Yeah, but its not the real one

[El duderino_]

I think he's out of shape, maybe the misery feeling of not buying those precious coins on the low?

[Retina]

I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight!

[El duderino_]

Second attempt at crashing it.  

Failed.

$8k Incoming this time. Just like the good old days in 2017. Aaah.



Edit: Was I early?

so you like your beers Belgian....



^
I'm no beer drinker, but this one is a real Bullish beer imo (also Belgium most sold I think)