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

[OutOfMemory]

IMO CSW knows Satoshi has passed away.

According to MacAfee (don't hate me for this) he's well alive.

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[Gyrsur]

IMO CSW knows Satoshi has passed away.

According to MacAfee (don't hate me for this) he's well alive.

Hal Finney has passed away too. I'm not sure about Dr Adam Back. He is British.

[dre1982]

This is what institutions selling looks like.  

Yep wondering how deep this will go. Let's see if we get under the $30.000. It's still far away but with this speed it could be possible.

[qwizzie]

https://www.coindesk.com/bitcoin-sell-off-bearish-asia-yellen-biden-worries

“The sentiment in Asia at least has been very bearish in the short term, after they saw the retail side is getting too bullish, ” Alex Zuo, vice president of China-based crypto wallet Cobo,
told CoinDesk. He said the recent price surge in alternative cryptocurrencies reflects increased interest from retail investors, who usually tend to react to price volatility more significantly.

As a result, institutions and bitcoin whales are less inclined to put fresh capital into the market. Zuo said. Instead, they are either taking profits by selling on the spot market or executing arbitrate trades by shorting the spot market.

Data from on-chain analytics firm CryptoQuant also indicates there is selling pressure on the spot market. The whale ratio on exchanges, which measures the relative size of the top 10 inflows to total inflows for all exchanges, has gone up since last week to above 0.85, meaning that more large bitcoin holders are depositing bitcoin on exchanges. That is considered a sell signal because it could mean large holders of bitcoin are looking to unload their inventory to the market.

[OutOfMemory]

IMO CSW knows Satoshi has passed away.

According to MacAfee (don't hate me for this) he's well alive.

Hal Finney has passed away too. I'm not sure about Dr Adam Back. He is British.

MA also said Satoshi is british, but he is still hiding in anonymity.
Adam Back would be too obvious, i guess. Did he ever make any statement about CSW and his Satoshi-wannabe claims?

[qwizzie]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

[OutOfMemory]

https://www.coindesk.com/bitcoin-sell-off-bearish-asia-yellen-biden-worries

“The sentiment in Asia at least has been very bearish in the short term, after they saw the retail side is getting too bullish, ” Alex Zuo, vice president of China-based crypto wallet Cobo,
told CoinDesk. He said the recent price surge in alternative cryptocurrencies reflects increased interest from retail investors, who usually tend to react to price volatility more significantly.

As a result, institutions and bitcoin whales are less inclined to put fresh capital into the market. Zuo said. Instead, they are either taking profits by selling on the spot market or executing arbitrate trades by shorting the spot market.

My guess: Whales shorting, insitutions on standby, observing. And then there's that Grayscale "effect". 

Data from on-chain analytics firm CryptoQuant also indicates there is selling pressure on the spot market. The whale ratio on exchanges, which measures the relative size of the top 10 inflows to total inflows for all exchanges, has gone up since last week to above 0.85, meaning that more large bitcoin holders are depositing bitcoin on exchanges. That is considered a sell signal because it could mean large holders of bitcoin are looking to unload their inventory to the market.

Could also mean "altcoin season" is about to gain momentum, also judged by the last few weeks of shit/BTC pairs.

[somac.]

https://www.coindesk.com/bitcoin-sell-off-bearish-asia-yellen-biden-worries

“The sentiment in Asia at least has been very bearish in the short term, after they saw the retail side is getting too bullish, ” Alex Zuo, vice president of China-based crypto wallet Cobo,
told CoinDesk. He said the recent price surge in alternative cryptocurrencies reflects increased interest from retail investors, who usually tend to react to price volatility more significantly.

As a result, institutions and bitcoin whales are less inclined to put fresh capital into the market. Zuo said. Instead, they are either taking profits by selling on the spot market or executing arbitrate trades by shorting the spot market.

Data from on-chain analytics firm CryptoQuant also indicates there is selling pressure on the spot market. The whale ratio on exchanges, which measures the relative size of the top 10 inflows to total inflows for all exchanges, has gone up since last week to above 0.85, meaning that more large bitcoin holders are depositing bitcoin on exchanges. That is considered a sell signal because it could mean large holders of bitcoin are looking to unload their inventory to the market.

What we're seeing is a bunch of weak hands, who in a couple months times will be in massive regret as the market hits all time highs.

Remember the best time to buy is when there is fear and blood in streets and never go full mindrust.

[El duderino_]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

Who said 42k is the high 

[somac.]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

You're comparing this standard and ordely correction to an end of cycle correction.

Dream on man.

[Gyrsur]

IMO CSW knows Satoshi has passed away.

According to MacAfee (don't hate me for this) he's well alive.

Hal Finney has passed away too. I'm not sure about Dr Adam Back. He is British.

MA also said Satoshi is british, but he is still hiding in anonymity.
Adam Back would be too obvious, i guess. Did he ever make any statement about CSW and his Satoshi-wannabe claims?

why should he do it?

BTW, aunts are buying from ants again. 

[OutOfMemory]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

You're comparing this standard and ordely correction to an end of cycle correction.

Dream on man.

So far we're through, imo (according to my line drawings).
Back on track, so going a little lower should be OK, too. The $32k bottom call (by nutilda, iirc) seems valid.

IMO CSW knows Satoshi has passed away.

According to MacAfee (don't hate me for this) he's well alive.

Hal Finney has passed away too. I'm not sure about Dr Adam Back. He is British.

MA also said Satoshi is british, but he is still hiding in anonymity.
Adam Back would be too obvious, i guess. Did he ever make any statement about CSW and his Satoshi-wannabe claims?

why should he do it?

If i were AB, and Satoshi as well, i wouldn't raise a word about CSW, because it would completely oppose my undercover strategy.
A quick google search revealed that Back once said that CSW is not SN, which CSW raised a lawsuit against, but retracted later without comment.

[vroom]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

Who said 42k is the high 

I have seen this bullshit somewhere else already, these poor beartards don't know the honey badger

[somac.]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

Who said 42k is the high 

I have seen this bullshit somewhere else already, these poor beartards don't know the honey badger

Yep. And in bull markets they are usually a very good indicator to buy.

[OutOfMemory]

How low will the Bitcoin price go this time ? An open question for now...

Source : https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

Who said 42k is the high 

I have seen this bullshit somewhere else already, these poor beartards don't know the honey badger

This is just reddit folks, imo.

[LFC_Bitcoin]

Nice cup of tea this morning!

[somac.]

Nice cup of tea this morning!

Got to get myself one of those, but I don't drink coffee or tea. I guess I can always leave it at work when I retire at the end of this year.

[BobLawblaw]

...looking to scoop $34k again, and orders in $500 increments all the way down to $30k.
Probably start doubling my buy amounts if we drop into the high $20k's.
EDIT: Ok, and order placed to scoop some dip @ $34.5k because heck why not (double-tapping $34.5k)
EDIT2: $34.5k just got filled as expected.

Yeesh. Woke up to take a piss and saw that I got filled all the way down to $32k. Just added another couple orders trying to double-tap $32.5k and $32k again.

No idea what's going on. Don't care. Methodically continuing to acquire corn.

EDIT: Just got filled @ $32.5k again. I like this pain. feelsgoodman.gif

[OutOfMemory]

...looking to scoop $34k again, and orders in $500 increments all the way down to $30k.
Probably start doubling my buy amounts if we drop into the high $20k's.
EDIT: Ok, and order placed to scoop some dip @ $34.5k because heck why not (double-tapping $34.5k)
EDIT2: $34.5k just got filled as expected.

Yeesh. Woke up to take a piss and saw that I got filled all the way down to $32k. Just added another couple orders trying to double-tap $32.5k and $32k again.

No idea what's going on. Don't care. Methodically continuing to acquire corn.

EDIT: Just got filled @ $32.5k again. I like this pain. feelsgoodman.gif

Up for a wee bet?
1 sMerit that $32k won't get filled?

[BobLawblaw]

Up for a wee bet?
1 sMerit that $32k won't get filled?

Sure. Why not. 24 hours ?