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

[seljo]

Anyone has numbers on how much of that wall was eaten today? WTF is this 508.44 wall WTF he thinks??

[adamstgBit]

Anyone has numbers on how much of that wall was eaten today? WTF is this 508.44 wall WTF he thinks??

I don't know why, you don't know why, who cares, cash, lots of cash.

[ChancellorOnABrink]

WTF is this 508.44 wall WTF he thinks??

We'll see soon enough !
First hit a few second ago

[Richy_T]

I currently have 0 skin in this game, could care less.

How much less?

[derpinheimer]

1k  eaten I think, and the bidwall appears fake.

[Phillis]

nom nom nom, it will fall

[klee]

Market is on bullish mode - clearly 500$ could not break.

It is a matter of time to go to 600$ again.

Me thinks the walls are from a nice rich guy who wants people to buy cheap coinzzz

[JorgeStolfi]

Now seriously, why are people here claiming that "whales are keeping the price down"?  Because of wall dances?

I have not paid attention to the walls, but I am looking at the 1 minute price charts of Huobi and OKCoin, and I see the same general pattern that has been going on most of the time since May/20: a general steady downwards drift with small trades, broken now and then by large jumps upwards, and much fewer sudden drops.  If anything has changed, the up-jumps have become smaller and more frequent.

So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$. 

Anyone else sees this too?

[ChartBuddy]

Explanation

[adamstgBit]

Now seriously, why are people here claiming that "whales are keeping the price down"?  Because of wall dances?

I have not paid attention to the walls, but I am looking at the 1 minute price charts of Huobi and OKCoin, and I see the same general pattern that has been going on most of the time since May/20: a general steady downwards drift with small trades, broken now and then by large jumps upwards, and much fewer sudden drops.  If anything has changed, the up-jumps have become smaller and more frequent.

So I would rather think the opposite: the general market wants a lower price, but there are a few whales (maybe just one) who are spending a lot of money in order to keep it just above 500$. 

Anyone else sees this too?

your seeing things
welcome to the club
report all future hallucinations in this thread
and buy a Fing bitcoin....

[myself]

the past 24h on bitstamp were interesting the pump is about to start hehe 

[rebuilder]

So if you had the idea of setting a sell wall at X, buying at X-profit margin, and rolling your sell wall down as your buy-back average lowered, would that look like this? Insufficient volume for that to be the explanation? Too high risk to make sense?

[derpinheimer]

That would be the idea but doesn't appear to be what's happening.

[adamstgBit]

132.39   a minute ago   508.4 ^

 

[adamstgBit]

look at the poll, its official, above 510 all weekend long 

[falllling]

look at the poll, its official, above 510 all weekend long 

we dropped from $520 a couple days ago

[ensurance982]

I think it's obvious why I just went to this thread... the ask wall! What are the most probable explanations? Adam just mentioned we don't seem to know the reason? And why is the bid wall fake and the ask wall isn't? Has it been put up in order to counter that big ask wall?

[abercrombie]

Tare it down!!! Time is now!!! go Go GO!!!!!!!!!!

[Sandia]

Bfx ready to touch its wall, too.

[catena5260]

Weekend are dump times, and also considering we already aren't above 510, I think it is a no for the poll.

I think question if we are going to stay above 500 all the weekend is more reasonable