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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27357. (Read 26608529 times)

legendary
Activity: 4200
Merit: 4887
You're never too old to think young.

Well, how about: lots of traders took profit at likely peak (possibly even reversal) target yesterday (SMA200, ~doubling since 340 bottom).

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.


Makes sense.
legendary
Activity: 1470
Merit: 1007

Well, how about: lots of traders took profit at likely peak (possibly even reversal) target yesterday (SMA200, ~doubling since 340 bottom).

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.
hero member
Activity: 784
Merit: 1000
Bid side is not looking too strong.

Order book is exact same as it was before this whale (s) came in and bought over 1200BTC in two big mammoth orders. One 600 BTC market order, which took the price from $640 to $660, and then a 750BTC order placed at $665, which was eaten up by sellers. Presuming that there is nothing nefarious going down here like the exchanges having been hacked, then perhaps this was a very ill-advised and totally botched ramp attempt? Ramp the price with a 600 BTC market order, and then have a 750 BTC limit order sitting just below spot. A few days ago, this would have instigated a mad panic buying spree. But spot price just hovered above the buy wall, and then sellers ate it up.

Huh

Who knows, would be nice to get explanations somehow for these totally inexplicable and wholly unpredictable events.

Insider Short Squeeze from the nice lads at Bitfinex?

Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting.
hero member
Activity: 784
Merit: 1000
We need a 3K market buy and tell this bear, his walls, and his dumps to fuck off.
hero member
Activity: 840
Merit: 1000
Bid side is not looking too strong.

Order book is exact same as it was before this whale (s) came in and bought over 1200BTC in two big mammoth orders. One 600 BTC market order, which took the price from $640 to $660, and then a 750BTC order placed at $665, which was eaten up by sellers. Presuming that there is nothing nefarious going down here like the exchanges having been hacked, then perhaps this was a very ill-advised and totally botched ramp attempt? Ramp the price with a 600 BTC market order, and then have a 750 BTC limit order sitting just below spot. A few days ago, this would have instigated a mad panic buying spree. But spot price just hovered above the buy wall, and then sellers ate it up.

Huh

Who knows, would be nice to get explanations somehow for these totally inexplicable and wholly unpredictable events.

Insider Short Squeeze from the fucking crooks nice lads at Bitfinex?
hero member
Activity: 504
Merit: 500
Moderator
Bitstamp/Bitfinex/Huobi-  RxIxP 2014
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
wtf bitstamp... Can't log in

is the billy bot still buying? Cheesy

Billy Bot...that is a good one...is that the Willy Bot on Bitstamp?

Yes.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
wtf bitstamp... Can't log in

is the billy bot still buying? Cheesy

Billy Bot...that is a good one...is that the Willy Bot on Bitstamp?
elg
full member
Activity: 151
Merit: 104
big dumps, but great support. not going down
hero member
Activity: 910
Merit: 1003
Beware that it is 4:00 am in China.  Check the order books there...
what are you implying?
That there is no resistance from China against Bitstamp's upward pressure at this moment; but that may change in 2-3 hours, when the Chinese start trading again.
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
Bid side is not looking too strong.

Edit: massive ask wall.
elg
full member
Activity: 151
Merit: 104
no problem loading Stamp here
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
And bears offered us humble pie this morning. Grin

Bears have had their moments in the sunshine in the past few months and maybe even in the past 12 hours... but again, the proof of the pudding is going to be in the eating and we are on our way to the feast.... maybe we will be getting a few appetizers on the way, and we may get diverted for a few cigs and beers... yet, a feast seems in our near future... The cards seems to be stacked accordingly.  Thanks Bitcoin infrastructure developers, merchants and HODLERs... Smiley
N12
donator
Activity: 1610
Merit: 1010
wtf bitstamp... Can't log in

I can't connect to bitstamp Huh

Same for me. Clown "exchanges".

Works for me, just tested. Not even slow.

Wonder what's the difference... maybe you get routed to a different DDoS protection site, and that one is down?
Could well be, it gives me a lookup error.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
ARE YOU GUYS SEEING THIS BUY ORDER ON STAMP??? 696 BTC  Smiley

Funny to think that was a fairly normal sized trade just a couple of years ago.

I think that volume comparisons are over-rated, especially when we are talking in terms of bitcoins today as compared with bitcoins from a couple of years ago.   

A couple of years ago, the bitcoin value in dollars was a fraction of today's value (maybe 1/50th - depending upon the exact time period) - even a year ago, BTC prices were about 1/5th of today's prices - and anticipated supra-$1,000 BTC prices that seem to be coming in the very near future. 

Additionally, in the interim, we have witnessed some examples of fake volume (china) and possibly unwittingly non-existent BTCs (Gox), and those kinds of representations skew the comparison reference points.  In essence, the questions concerning bitcoin should NOT be measured in BTC alone without defining more clearly and specifically the reference points.
hero member
Activity: 840
Merit: 1000
WHAT'S GOING ON

Some nutjob whale who:

a) Really loves Bitcoin and is willing to sacrifice large sums of wealth to ramp it up.

b) Is really fucking stupid.

c)The exchanges 'volume' system has been hacked.

d) Some other emergency buy that we don't know the reasons for
full member
Activity: 160
Merit: 101
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