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

[ChartBuddy]

Explanation

[1715529865]

1715529865

[hdbuck]

When my train pulls in - http://youtu.be/qyaHoCaS9W0

Some awesome blues : )

"I'll be ready now. I'll be ready when my train pulls in."

https://www.youtube.com/watch?v=_lt73OqT-DM

^^

[Davyd05]

The last 10 or so pages I've read have been full of good discussion...must mean the train is pulling out of the station LOOL...

I do subscribe to the nobody knows theory as well, and we can only hope to notice signs on the wall and make the right choices. I try not to be caught up in greed because though I would like to be wealthy I'm more interested in bitcoin opening the world up to decentralization and how it could possible save us from the corruption that grips us globally. 

[empowering]

When my train pulls in - http://youtu.be/qyaHoCaS9W0

Some awesome blues : )

"I'll be ready now. I'll be ready when my train pulls in."

https://www.youtube.com/watch?v=_lt73OqT-DM

^^

http://youtu.be/zQSY98g1sA4

^^

[mooncake]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily.  

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!

do you have the means to check this? If so I would like to kindly ask you to do so.

Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.

A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.

With all the good news (Dell and Wikipedia accepting btc and Overstock extending btc acceptance internationally) and few bad news, there is no logical reason for the price to go south. The only cause I can think of is someone with substantial btc reserve is trying to push it down, possibly to buy it cheaply.

There are 2 ways to buy btc - in the market and OTC. The market price is known while OTC is not but OTC is usually tagged to the market price. If I want to buy cheap btc, I will cap the market price to buy huge amount through OTC. Who can do that? Institutions with huge pocket. Take note that this scenario can only last for the short term as the long term is ultimately determined by the overall demand and supply.

What does it mean for individual investors? Hodl!

[ChartBuddy]

Explanation

[ShroomsKit]

That was a good hour for the Bitcoin!

+few$ is always something and better than minus.

I still see a chance to set the price @ >$600 till Monday =)

Volume will go up at any time from now. Just check exchange trade volume. In 10h it will go up >$4.5m.

Just keep repeating the same thing every day. At one point you will be right.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[kireinaha]

Last one hour candle closed with volume of 6 BTC on Stamp. lmfao.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Davyd05]

China with some decent volume growing, lets go overnight fireworks

[Searing]

Last one hour candle closed with volume of 6 BTC on Stamp. lmfao.

shudder it all grinds to halt with everyone looking at each other...waiting for someone to blink and buy..(er wait...that is what is
happening now)...need something to start this 'stampede'....ebay? amazon? we need your swan song of bitcoin whooo...

Searing

[freedomno1]

Just keep repeating the same thing every day. At one point you will be right.

Well that or your chartbuddy and always right hourly every single day
Composed with his depth chart and detailed analysis of the bid and ask orders ^_^.

[Davyd05]

5500 volume on huobi on the 30 min chart.. why so serious China?


this is more volume then when it recently spiked above 3700...I guess it really just means were in the accumulation phase.

[thefunkybits]

5500 volume on huobi on the 30 min chart.. why so serious China?


this is more volume then when it recently spiked above 3700...I guess it really just means were in the accumulation phase.

Yep, and it is not over yet!!! Huobi on a roll!!! 

10,000 BTC already on the 4 hour candle and we're not even an hour in...

[Yololintian]

Its all fake, someone selling to himself. Funny how the other exchanges struggle to have any volume in the same period. 0 actual buying pressure.

[ChartBuddy]

Explanation

[scarsbergholden]

Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....