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

[ChancellorOnABrink]

here comes the sell walls

bitfinex @480.6
the wall bigger than bigger

Mean nothing
He was pulled yesterday and many other day 

If fact sell wall on a ascending trend is bullish

[adamstgBit]

lmao this is gonna be good.

[shmadz]

http://youtu.be/u6KXgjLqSTg?t=4m4s

Is this supposed to be a picture of all of us on the forum Adam?

I am the blond in front I guess.  

Ha ha ha ha ha ha ha ha

That is awesome!

We used to play this when we were kids.

I'm the guy in the back with the hat and glasses, smoking a pipe 

[derpinheimer]

There they are...

2k on BFX
2k on Bitstamp

These sellers are real. Back down we go.

You cannot merely determine that sellers are real b/c they show their bitcoins (in the form of walls)...

It would be interesting to see anywhere approaching 1k coins dumped at once and see how far, if at all, BTC prices comes down...

I get the sense that some the bear whale manipulators are running out coins... but some of these bear whale manipulators may be willing to lose money to keep engaging in this ongoing BTC dumping practice.

Walls have, in the past, generally been fake. These last two weeks, they have not. I watch these walls intently..

here comes the sell walls

bitfinex @480.6
the wall bigger than bigger

Mean nothing
He was pulled yesterday and many other day  

If fact sell wall on a ascending trend is bullish

Dont lie to re-affirm your position. There have only been 2 occasions of walls being removed on BFX and Bitstamp throughout the past two weeks. That would be a very random wall on BFX in the $600 area, and ~1.8k of coins on bitstamp in the $490 area.

Other than that, EVERYTHING has stood its ground and been eaten on the way from $460 to $490, and from $520 to $460.. All of it! Over 16k coins!  

[blade87]

LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms (DOGE has broken long term down trend, but LTC hasn't yet). Now if only BTC on the other hand...

[ChartBuddy]

Explanation

[adamstgBit]

LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms. Now if only BTC on the other hand...

the fundamentals on these coins are horrible

Ether poeple, Ether.

as a "bitcoin2.0 protocol", at least it has some remote shot at displacing bitcoin.

DOGE and LTC is doing good because poeple are always cashing yesterday news.

you have been warned.

[blade87]

LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms. Now if only BTC on the other hand...

the fundamentals on these coins are horrible

Ether poeple, Ether.

I'm just blindly hoping that those coins could be showing the first signs of a near bottomed out market.

[adamstgBit]

bitcoin's bottom is as clear as day



wtf did you think was going to happen?

[Kupsi]

Hoist the colours Bitcoin!

[adamstgBit]

http://youtu.be/zev2nsVS7M0?t=16m25s

[PrestonTrader]

We are now into a big batlle H1.

See nice support and resistence zone, next good moviment is coming.

Support = 470
Resistence = 480

[derpinheimer]

//pointless speculation and discussion below - read at your own risk!

Its quite peculiar. The walls on BFX and Bistamp appeared almost simultaneously (correct me if I'm wrong)

This would lead me to believe they are the same person(s).

But, notice that the BFX wall is just one huge chunk. No dividing. All 2k at $480. On Bitstamp, its staggered with smaller and larger walls. (4 of them)

This pattern goes back all the way to when these walls disappeared. And, if you actively watch the market, you may notice a theme:

On BFX, once walls are touched, they get taken down at once. No matter the size.
On Bitstamp, walls are usually tested multiple times, and eaten individually.

So, my conclusion would be that the "waller" is placing them in such a way that makes them most appealing to buyers at that particular exchange. On BFX, they panic buy (possibly due to the ultra thin ask side, aside from the walls). On Bitstamp, large walls are scary.. (maybe because the ask side is not thin at all)



What is my point? Nothing really. Just that this guy is really studying the markets and wants to rid himself of these coins with minimal slippage. They dont appear to be panicked, but are serious about selling. So it may be someone who still has a vested interest and bitcoin but just needs some $$$ to buy a new yacht.

[mooncake]

//pointless speculation and discussion below - read at your own risk!

Its quite peculiar. The walls on BFX and Bistamp appeared almost simultaneously (correct me if I'm wrong)

This would lead me to believe they are the same person(s).

But, notice that the BFX wall is just one huge chunk. No dividing. All 2k at $480. On Bitstamp, its staggered with smaller and larger walls. (4 of them)

This pattern goes back all the way to when these walls disappeared. And, if you actively watch the market, you may notice a theme:

On BFX, once walls are touched, they get taken down at once. No matter the size.
On Bitstamp, walls are usually tested multiple times, and eaten individually.

So, my conclusion would be that the "waller" is placing them in such a way that makes them most appealing to buyers at that particular exchange. On BFX, they panic buy (possibly due to the ultra thin ask side, aside from the walls). On Bitstamp, large walls are scary.. (maybe because the ask side is not thin at all)



What is my point? Nothing really. Just that this guy is really studying the markets and wants to rid himself of these coins with minimal slippage. They dont appear to be panicked, but are serious about selling. So it may be someone who still has a vested interest and bitcoin but just needs some $$$ to buy a new yacht.

It has been like that for over a month now. If this is a single person or entity, the pocket is really deep.

[ChartBuddy]

Explanation

[JayJuanGee]

bitcoin's bottom is as clear as day



wtf did you think was going to happen?

Sometimes my T&A skills are less than honed.  Accordingly, I wonder would that be a single bottom or a double bottom?

[ImI]

hey folks, what leverage is actually doable at bitfinex? x5 or x10 or x20.....??

[grappa_barricata]

hey folks, what leverage is actually doable at bitfinex? x5 or x10 or x20.....??

i hear its only 2.5

It is 3.3x, it has changed recently.

[ImI]

hey folks, what leverage is actually doable at bitfinex? x5 or x10 or x20.....??

i hear its only 2.5

It is 3.3x, it has changed recently.

thx

[thefunkybits]

Who the hell would put up 4 digit walls ?

Especially considering the price would most likely be $500 + if said walls hadn't been put up