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

[ChartBuddy]

Explanation

[1715317338]

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[1715317338]

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[ubercool]

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

Market trying to touch 600 mark again, there is 457 coins wall, I think this time it will break.

[shmadz]

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

Market trying to touch 600 mark again, there is 457 coins wall, I think this time it will break.

I'm not watching it real closely, but it seems to me that it's been more than just chewed, it's been gobbled up a few times and it just keeps getting replenished.

It's a little scary to think that someone has an almost never ending supply and appetite to sell at that level... I actually expected the wall was there to keep the price in check before the auction, but I'm not sure I understand the motivation behind the wall now that the auction is over.

[N12]

Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.

[Bitcoin_is_here_to_stay]

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

Market trying to touch 600 mark again, there is 457 coins wall, I think this time it will break.

I'm not watching it real closely, but it seems to me that it's been more than just chewed, it's been gobbled up a few times and it just keeps getting replenished.

It's a little scary to think that someone has an almost never ending supply and appetite to sell at that level... I actually expected the wall was there to keep the price in check before the auction, but I'm not sure I understand the motivation behind the wall now that the auction is over.

What about: somebody wants to sell that amount of btc @ $600?  Do we really need to look for a deeper/manipulative motive behind every wall?

[Miz4r]

Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.

Yeah man why don't they just remove their sells and let the price go up? Even though someone will have to buy those coins above 600, and I'm already all in and have no fiat left. So all you idiot sheep out there, listen to us and buy every bitcoin you see for whatever price and don't worry about panic sellers okay? That way we will all be rich yeah! Except those of you who bought at the top because that's when I will sell. No I can't tell you yet what the top will be or I can't dump on you.

[kireinaha]

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

[N12]

It's most likely an unholy alliance between the Rothschilds, the Illuminati and the MJ-XII (also known as Satoshi Nakamoto, which is an anagram for I am NSA, took oaths). I've spotted some of their signature patterns on the charts.

Though in this specific case there's a small (about 1.2%) probability that it was only a regular market fluctuation. I wouldn't rule that out either.

[ChartBuddy]

Explanation

[Facenose]

(perhaps a US - Israeli mutual effort).

LOL

[ShroomsKit]

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

You seriously think a "government" is busy putting up walls of 500 bitcoins?
Not really, right?

[ShroomsKit]

(perhaps a US - Israeli mutual effort).

LOL

Lets just hope he is joking.

[edwardspitz]

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

The wall I was referring to was somewhere between $605 and $615 if I remember correctly. I don't think it got pulled, I think it was just split up into smaller bits. Like I guess you would do if you were a whale preparing for a bull run. This is what got my hopes up, but that wall at $600 has been there all along, and it doesn't look as if it is about to be pull yet. The situation in may reminds me a bit about the current situation. That ended with a big move up after a long accumulation period. But I have no idea if whales are accumulating or distributing at this point.

[Newbie1022]

I don't know if it could be this, but it would be pretty devious and would generally be a good omen for us. Perhaps, the person putting up the sell wall knows the auction price. Now, you may be thinking, well that means he is selling because the price is down. Perhaps. BUT, maybe he is actually trying to buy in front of the sell wall faster than he is trying to get purchased up. He might know that less steady hands will panic with the price stuck in place and so they'll undercut that price just slightly. Well, that gives a fine supply right in front of the wall of coins to purchase. This might also explain why the wall is able to "replenish itself." It is the same coins that were bought up at 598 that are now being sold at right around 599.9.

It's a thought. If that's what they are doing... pretty f---ing smart.

[keithers]

First time looking at prices in a few days. Nice to see we are hanging around $600 still 

[adamstgBit]

First time looking at prices in a few days. Nice to see we are hanging around $600 still  

you say that so casually

lol

[Krabby]

First time looking at prices in a few days. Nice to see we are hanging around $600 still 

Psh what are you talking about.
It's not like we want to have a stable currency, now what would the point of that be?

[kireinaha]

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

You seriously think a "government" is busy putting up walls of 500 bitcoins?
Not really, right?

Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed.

[mooncake]

Below are some patterns I have observed over the past few weeks on Stamp:
- There are more buying than selling, measured in terms of trade frequencies. This is especially obvious during periods of low trades. No surprise there, since there are now more ATMs than ever and most of them are tagged to Stamp for trades.
- Most of the buying occur in small volume. Again, this is especially obvious during periods of low trades. No surprise there, since there are now more ATMs than ever and most of them are tagged to Stamp for trades.
- When buying gains momentum, a huge selling wall pops up. Often, this induces some selling and the price goes back down by $5-20.
- Once in a while, selling blocks of 100 btc were observed but not sustained.
- In summary, incremental buying was observed all the time, probably by retail investors. Sell bids were observed periodically, probably put up by institutions eager to check btc price.

[adamstgBit]

you should watch bitfinex too