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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26986. (Read 26712481 times)

legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
N12
donator
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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.
sr. member
Activity: 350
Merit: 253
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.
legendary
Activity: 1246
Merit: 1000
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. Sad 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. Tongue
full member
Activity: 336
Merit: 100

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?
N12
donator
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Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.
legendary
Activity: 1512
Merit: 1000
@theshmadz

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.
hero member
Activity: 1078
Merit: 504
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.
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
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.
sr. member
Activity: 546
Merit: 250
And the Finex is off  Smiley
Since everybody has me on ignore by now, no one will mind me observing that the price on OKCoin and Huobi started to rise several minutes before that big buy at Bitfinex.  Thus that buy may be just an arbitrage trade, delayed by the trading fees at Bitfinex and perhaps by residual price mismatch.

That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.

No, this has been brewing for several hours. The spike at Finex is most likely traders closing their shorts. Wall at Bitstamp changed and I think this is what started it all. If the $480 BTC wall is pulled or eaten price could easily go to $617 (if it gets past $605). There are some long term lines that needs to be broken and $600 is one of them... If it breaks and goes past $610 that will be significant in my opinion. We will see what happens.
legendary
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hero member
Activity: 658
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Buy and sell bitcoins,
That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.

I often get this impression as well when watching Huobi in their morning hours. Often we see a small pump, which fizzles out after a relatively short time, and often we see a reversal.... fakeout.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.

I would presume they were day-trading, in the strictest sense:  They stay in fiat overnight, buy to start, and close out by eob.
hero member
Activity: 672
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Not much happening. No volume.
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
600... you shall not pass Cheesy
30 min and stamp has eaten it Tongue

Weekend over so not surprising.

Will see if it has some big movement eitherway by Wednesday or Thursday.
legendary
Activity: 1064
Merit: 1001
It seems it mostly goes sideways or down. Anyway, too many people wait for a big bubble and that's the reason I'm reluctant to believe that we can go beyond $700. At least this year.
hero member
Activity: 910
Merit: 1003
And the Finex is off  Smiley
Since everybody has me on ignore by now, no one will mind me observing that the price on OKCoin and Huobi started to rise several minutes before that big buy at Bitfinex.  Thus that buy may be just an arbitrage trade, delayed by the trading fees at Bitfinex and perhaps by residual price mismatch.

That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
When the stamp wall is gone and it passes $615 im satisfied.

When BTC-E gets beyond $605 im satisfied.

For now.. it's just a shitstorm that can go 3 ways. Up,down or sideways.

My thinking as well. Have not seen a clear breakout yet. We see so many fakeouts/whipsaws these days, I try not to get too excited over a $10 jump anymore. Like you said, up, down or sideways....
sr. member
Activity: 308
Merit: 250
When the stamp wall is gone and it passes $615 im satisfied.

When BTC-E gets beyond $605 im satisfied.

For now.. it's just a shitstorm that can go 3 ways. Up,down or sideways.
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