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

[Krabby]

moar walls.

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

moar walls.

Yeah, that I see . Just wondering why Huobi and Btce do not seem concerned? For a while, almost always Bitstamp price was at least couple dollars above Huobi and they were all well coordinated.

[MatTheCat]

Interestingly, the selling pressure seems to be mostly on Bitstamp. Any thoughts why?

Because that is where Wally the Wall Guy is building his Walls of course! But be rest assured, Wally has large accounts on all the big exchanges, including the CNY exchanges.

Wally's first 1000K+ BTC wall was at $675. He has been moving them down in increments of $5. Next sell off that takes Bitcoin down beneath $645, and Wally will move his 1K wall down from $655 to $650, and so on. I suspect that Wally wants to get Bitcoin to touch the triangle support trendline formed by high volume sell offs at $614, and then $622. That support is currently around $635. After that, I think that Wally will take away his wall, or devour them himself with a quick series of massive purchases, timed to take the 1 Week MACD crossover into strong positive territory.

It may not seem like it, but Wally is actually on the Bull's side. He is trying to engineer a massive break out whilst simultaneously filling his pockets with impatient speculators Bitcoins. Create the fear, the impatience, stress the market, build up the pressure, then ignite it with a huge burst of buying pressure i.e. Buy his own fucking walls in order to cause a flurry of panic buying.

[JayJuanGee]

scary wall probably has regenerative shields 

Hey Adam,

Speaking of regeneration, what about regenerating a new poll?   

[ChartBuddy]

Explanation

[adamstgBit]

scary wall probably has regenerative shields 

Hey Adam,

Speaking of regeneration, what about regenerating a new poll?   

just got back going out again

later i'm make a new poll

weekly hasnt closed yet anyway

when is that sunday?

later dudes

DON'T BUY ALTCOINS! you morons!

 

[Krabby]

scary wall probably has regenerative shields 

Hey Adam,

Speaking of regeneration, what about regenerating a new poll?   

just got back going out again

later i'm make a new poll

weekly hasnt closed yet anyway

when is that sunday?

later dudes

DON'T BUY ALTCOINS! you morons!

 

I think you've been spending too much time near your beer fund

[bitcoinsrus]

scary wall probably has regenerative shields 

Hey Adam,

Speaking of regeneration, what about regenerating a new poll?   

just got back going out again

later i'm make a new poll

weekly hasnt closed yet anyway

when is that sunday?

later dudes

DON'T BUY ALTCOINS! you morons!

 

I think you've been spending too much time near your beer fund

I am still waiting on 800 so I can down those suckers (round 2) 

[MatTheCat]

100 BTC between spot and $645 being broken!

And you know what happens when $645 is broken dont ya all?

That's right! Wally the Wall Guy lowers his 1000BTC Ask wall from $655, to $650!

[Raystonn]

The sooner it happens the sooner I take it off. 

[MatTheCat]

The sooner it happens the sooner I take it off. 

He hasn't moved it down yet. Maybe he doesn't want to cause too much of a panic sell off that the pennant support trendline at $637 is broken through? Looks like there will be enough dare I say 'organic' selling to get Bitcoin down to test the trendline which is just a whisker away. A couple of hundred coins will do it.

[Krabby]

The sooner it happens the sooner I take it off. 

He hasn't moved it down yet. Maybe he doesn't want to cause too much of a panic sell off that the pennant support trendline at $637 is broken through? Looks like there will be enough dare I say 'organic' selling to get Bitcoin down to test the trendline which is just a whisker away. A couple of hundred coins will do it.

Or maybe he's asleep.

[MatTheCat]

The sooner it happens the sooner I take it off.  

He hasn't moved it down yet. Maybe he doesn't want to cause too much of a panic sell off that the pennant support trendline at $637 is broken through? Looks like there will be enough dare I say 'organic' selling to get Bitcoin down to test the trendline which is just a whisker away. A couple of hundred coins will do it.

Or maybe he's asleep.

Perhaps.

Perhaps he isn't trusting such an operation to his bot?


Edit: And we are on the trendline!

wHaT iS gOiNg To HaPpEn NeXt?

Edit2: Shock Horror! Selling pressure peters out and Buying pressure picks up right on the trendline! Ooh the thrills! Nobody seen that coming! Now the big question is, what will Wally the Wall guy do with his Wall? Will he simply, 'take it down', or will he buy it out himself?

[ChartBuddy]

Explanation

[Torque]

Like I said, look at the fake head-and-shoulders pattern that these whale(s) have been trying to paint on the tape since May 30th.  Now they're trying to paint the right shoulder and get it to roll over and fall off.  They want all the n00b TA traders to see that, and be like "It's the right shoulder forming!! See ?!?! SELL! SELL! SELL!"

[MatTheCat]

Like I said, look at the fake head-and-shoulders pattern that these whale(s) have been trying to paint on the tape since May 30th.  Now they're trying to paint the right shoulder and get it to roll over and fall off.  They want all the n00b TA traders to see that, and be like "It's the right shoulder forming!! See ?!?! SELL! SELL! SELL!"

Seems to me, rather more like they are trying to engineer a bullish pennant formation. If so, then we break upwards on next test of resistance trendline currently at around $660.

[derpinheimer]

The fight is on with low-medium volume!!! 

[MatTheCat]

The fight is on with low-medium volume!!! 

Ha! Just wait until Wally the Wall Guy buys his own wall(s) out! Then we shall see some proper volume. Especially when all the noobs see a PANIC BREAKOUT!!!

[keithers]

There is a lot of action going on right now.   The price hasn't swung all that much, but there are mucho coin changing hands across all exchanges right now.   Would be fun to head into the weekend with a rally!