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

[anonymous3x]

[1714108800]

1714108800

[BobLawblaw]

$500 order @ $17,650 got filled.

Placed an UTTERLY DEGENERATE order for $500 @ $17,550. Hopefully that one doesn't get filled...

[OutOfMemory]

Maybe EOY liquidation already?

[Paashaas]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

[ivomm]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

So, I guess the next move will be pretty violent and getting above $20K soon. Weak hands loss=strong hands win!

[WastedLTC]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

"We have deleted our latest tweets on the drop in BTC on exchanges, as the change yesterday has been confirmed as Binance inhouse movements."

https://twitter.com/ArcaneResearch/status/1337379091444604933

[d_eddie]

So what. Keep on delaying the inevitable. I'm keen on more cheep koinz. Cheeper, moar cheeper, moar koinz!

[Phil_S]

All things considered, I'm way more busy in retirement than I ever was as a wage slave. It's annoying, actually. Too many things in motion at once

good to know your life is not just 24/7 daytrading on paypal.  

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $18,060

Bitcoin is not stable coin LOL

[BobLawblaw]

good to know your life is not just 24/7 daytrading on paypal.  

As I noted earlier, I feel gross buying BitcoinPP. Don't think I'm going to do it any more, until they start offering a way of transferring out.

If they end up keeping it entirely within their system in a custodial fashion, that's, like, not cool, dude.

Ain't gonna support that long-term.

[l0_ola]

The line you have drawn is already broken if the last red candle is closed now ?

it was 1day timeframe chart, and support line is still not broken (4h timeframe)
https://i.imgur.com/mqdwlju.png

What do you think about electoral votes at December 14, if Trump will be elected may it be a reason to fall down?

[Karartma1]

Today my dollars bought more btc therefore I was happy.
It's a Long Way to the Top (If You Wanna Rock 'n' Roll)

[STT]

Maybe EOY liquidation already?

Its a break of bullish price channel.   We leave a regular assured process of gains and some speculators will depart, it can snowball into some profit taking and is quite a natural normal process to occur.   Arguably BTC markets have to cycle through prices to be take the air out and give a solid base for further rises, its not that harsh considering how much we gained in quite a short amount of time.

[HI-TEC99]

EDIT: Oh, and someone postulated earlier that I use Kraken. This is not the case. I did for one sale of $100k USD, and found it to be a complete nightmare, to extract the funds.

Why was it a nightmare? How long did it eventually take?

Years ago I read a complaint that they promise unlimited withdrawals, but in reality only allow $50k a year. When I recently checked their site it says they allow $100+ million a year for their top tier. However I haven't had a chance to ask anyone about their experience of a really big withdrawal yet.

[Torque]

Maybe EOY liquidation already?

A month back I had predicted that profit taking would start on Dec. 10th or so, but it seems it started a few days earlier on the 7th.

[serveria.com]

Maybe EOY liquidation already?

Its a break of bullish price channel.   We leave a regular assured process of gains and some speculators will depart, it can snowball into some profit taking and is quite a natural normal process to occur.   Arguably BTC markets have to cycle through prices to be take the air out and give a solid base for further rises, its not that harsh considering how much we gained in quite a short amount of time.

Snowball into some profit taking? R u serious? So who's going to sell? Grayscale? Microstrategy? Maybe Paypal? It's not 2017 bro...  

[Dabs]

Years ago I read a complaint that they promise unlimited withdrawals, but in reality only allow $50k a year. When I recently checked their site it says they allow $100+ million a year for their top tier. However I haven't had a chance to ask anyone about their experience of a really big withdrawal yet.

I don't really get why exchanges would have any limits. They usually don't have incoming limits. You can send any amount of coin to them, you can also send any amount of fiat to them.

If someone sent a thousand coins to the exchange, and if someone else bought those coins (or more than one person), those sent in the equivalent fiat, why should the first one not be allowed to withdraw it all? The exchange has already made their profit on trading fees or any other fees they may have.

[OutOfMemory]

Maybe EOY liquidation already?

Its a break of bullish price channel.   We leave a regular assured process of gains and some speculators will depart, it can snowball into some profit taking and is quite a natural normal process to occur.   Arguably BTC markets have to cycle through prices to be take the air out and give a solid base for further rises, its not that harsh considering how much we gained in quite a short amount of time.

Snowball into some profit taking? R u serious? So who's going to sell? Grayscale? Microstrategy? Maybe Paypal? It's not 2017 bro...  

Short version: there are not only macro traders into bitcoin. Some definitely saved their FOMO investments of late 17'

Torque and STT just layed out what stood behind my four words  
I am too lazy in communication too often  

[HI-TEC99]

Years ago I read a complaint that they promise unlimited withdrawals, but in reality only allow $50k a year. When I recently checked their site it says they allow $100+ million a year for their top tier. However I haven't had a chance to ask anyone about their experience of a really big withdrawal yet.

I don't really get why exchanges would have any limits. They usually don't have incoming limits. You can send any amount of coin to them, you can also send any amount of fiat to them.

If someone sent a thousand coins to the exchange, and if someone else bought those coins (or more than one person), those sent in the equivalent fiat, why should the first one not be allowed to withdraw it all? The exchange has already made their profit on trading fees or any other fees they may have.

That should be how it works, but it's not always how it works.

[fillippone]

Two apparently unrelated news:

• Negative Yielding Debt Tops 18 Trillions Dollars
• Microstrategy Issue 400 500 650 Millions of debt to buy Bitcoin.

How comes I am not surprised?

Relevant tweet from a shady twitter account:

Negative Yielding Bonds hit 18 Trillions Worldwide.
100% possibility to lose money if held to maturity.
BTC is the only hedge against this.
 #phase5

https://twitter.com/fillippone1/status/1337447410654728194?s=20

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