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

[Dabs]

When a company or anyone buys bitcoin, either they market buy, or create a wall. If the wall is not visible, it could be an OTC buy, or simply an iceberg.

[1714791143]

1714791143

[1714791143]

1714791143

[1714791143]

1714791143

[1714791143]

1714791143

[dragonvslinux]

Notably rejected by log growth trend-line, time for some consolidation to create a higher low?

It's also more than possible price now decides consolidates sideways and creates a higher low around $10.3-$10.4, given that we have established a (local) higher high.

This is otherwise the level I'm looking at for support, if price fails to turn resistance into support ($10.7-10.9K):



Patience is a virtue. Awaiting a 1-4 candle correction to the downside on the Daily for a higher low.

[WastedLTC]

https://twitter.com/Coin98Analytics/status/1315853890424717312

source is https://bitcointreasuries.org

Pretty sure that is not the correct BTCetc logo...       lol -- had to look that one up.

[Karartma1]

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

[Torque]

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

Yes, although the exchanges can still keep a lid on things with increased fractional reserves to offset the reduced float. This only works as long as the market is lifeless with very few deep pocket buyers.

But once an on-market buying frenzy starts, combined with mega short squeezes the FR will only make it worse for the exchanges. Price will be gapping up bigly.

[Paashaas]

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

[Elwar]

I have suddenly become super busy but news of the MS Satoshi is exploding.

https://cointelegraph.com/news/cruise-ship-satoshi-to-house-crypto-companies-and-digital-nomads

Our engineer is in Cyprus right now, he says he can see the ship. They should be picking him up in the next couple of hours. 4 COVID tests and 6 days later he made it to Cyprus.

[BobLawblaw]

Gentlemen, etc...

EDIT: lolnope

[vapourminer]

number goes up

me like

[rdbase]

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

[bitcoinPsycho]

buyers remorse

[BobLawblaw]

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

[vapourminer]

number goes up

me like

rats

me changed my mind

[philipma1957]

me laughed  . Thank you

[sirazimuth]

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

Cue the tv meteorologists drawing a penis on the weather map gif...

[El duderino_]

Herasy

Or however it’s written

Booze is strong in this one atm

[AlcoHoDL]

Went in, long and green,
Quickly came out, all bloody...
Anal sex virgin!

#nohomohaiku

[Cryptotourist]

I forgot what I wanted to post. Was probably going to be a shitpost.

My expertise.

I.want.to.see.that post.gif

[fillippone]

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.


I am stupid and I need to read the fine prints:
Total AUM grew 1.05 Billions.
BTC AUM grew 719.3 Mios, exactly in line with what I expected on my spreadsheet.

Barry Silbert math is good!

This is incredible: their shitcoins funds attracted an unprecedented flow this quarter!
Read more here.

[Torque]

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.

You're right to question their "fuzzy math", I can't see it either.

Also they supposedly invest in a whole lot of various shitcoins as well.

Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC).