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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24964. (Read 26717124 times)

legendary
Activity: 854
Merit: 1000
And difficulty still increased, even if by a little!!! Amazing!

Bitcoin is dead people say???  Wink
sr. member
Activity: 280
Merit: 250
What if large players who don't want bitcoin to succeed are buying OTC bitcoin and dumping on exchanges to suppress the price?  They have the budget to keep the dumps happening and it shakes the faith many people have in the technology.
legendary
Activity: 966
Merit: 1000
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?

You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.

Thanks a lot for these explanations. I don't use bitfinex, but on kraken, hidden orders don't cost more. Simply create an order of the type stop loss or make profit and the order will be triggered when price hits the target price.

https://www.kraken.com/help/trading-guide#take-profit-orders

I like Kraken a lot. I guess these order types can be used in the same way as hidden bit orders because you can use them for both sell and buy orders?

Exactly. You could even make an order with a stop loss and make profit targets. Kraken is very good for trading, this is sad they raised fees from 0.20% to 0.35%.
legendary
Activity: 1778
Merit: 1043
#Free market
Bitcoin is over. Time to face the truth.

I will agree as soon as price hits 275$ again.

Even if Bitcoin prices hit $275 again, it is NOT over...   but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits....

Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.

I assume a lot of people thought it can't fall below 300$.
When it did, some players stormed in to save the day. They even gave us a the false hope of a trend reversal to keep it from repeating too soon.
But I guess they keep limited amount of fiat on the exchanges and have their threshold what they are ready to absorb.
And I guess many people are keeping a much closer eye on the charts and they are still significantly more nervous about the downward price movements after that manbearwall incident.

So, practically everything is set up for an exponentially accelerating freefall.

Meanwhile, the long term trend is still negative (just take a look at the daily chart).


To sum it up, it's practically just a matter of time to reach 0.01$ unless something dramatically changes. And it can happen much faster than we would assume it's possible.


Of course, anything can happy anytime, the trend can revers and we can see a new ATH by the end of this month. But it's not granted. Nothing is.

Yeah you're right , at the end is only a manipulation from some early adopters/miners . Don't worry ....
hero member
Activity: 588
Merit: 500
Bitcoin is over. Time to face the truth.

I will agree as soon as price hits 275$ again.

Even if Bitcoin prices hit $275 again, it is NOT over...   but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits....

Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.

I assume a lot of people thought it can't fall below 300$.
When it did, some players stormed in to save the day. They even gave us the false hope of a trend reversal to keep it from repeating too soon.
But I guess they keep limited amount of fiat on the exchanges and have their threshold what they are ready to absorb.
And I guess many people are keeping a much closer eye on the charts and they are still significantly more nervous about the downward price movements after that manbearwall incident.

So, practically everything is set up for an exponentially accelerating freefall.

Meanwhile, the long term trend is still negative (just take a look at the daily chart).


To sum it up, it's practically just a matter of time to reach 0.01$ unless something dramatically changes. And it can happen much faster than we would assume it's possible.


Of course, anything can happen anytime, the trend can revers and we can see a new ATH by the end of this month. But it's not granted. Nothing is.
sr. member
Activity: 546
Merit: 250
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?

You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.

Thanks a lot for these explanations. I don't use bitfinex, but on kraken, hidden orders don't cost more. Simply create an order of the type stop loss or make profit and the order will be triggered when price hits the target price.

https://www.kraken.com/help/trading-guide#take-profit-orders

I like Kraken a lot. I guess these order types can be used in the same way as hidden bit orders because you can use them for both sell and buy orders?
legendary
Activity: 966
Merit: 1000
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?

You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.

Thanks a lot for these explanations. I don't use bitfinex, but on kraken, hidden orders don't cost more. Simply create an order of the type stop loss or make profit and the order will be triggered when price hits the target price.

https://www.kraken.com/help/trading-guide#take-profit-orders
legendary
Activity: 1232
Merit: 1011
this will get ugly.

good luck to you bulls. no more choo choo long time.  Cheesy

when you see some perm bears trolling and turning into bulls you know it's time to get out.
sr. member
Activity: 546
Merit: 250
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I choose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?

You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.
full member
Activity: 238
Merit: 100
Down $1,000... sad about it... cutting loose... will make money back on the continued downswing since we broke a TA marker. Lemons to lemonade, mofos.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 854
Merit: 1000
Cut yeeerrrrrrr looooooooseee!!!! 111111
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from  Undecided and how many are there left

Well, Mt.Gox managed to make some 500k BTC disappear without a trace and some others also ran on that race, scoring 10k-50k here and there... Roll Eyes

bitcoin will not go that low. At the most it will drop to $360 and then spike back up.

You forgot to go all-in with a short during the freefall from 380$, I see. Cheesy

Right, these dumps are done in a way to liquidate A LOT of coins. Market wants to go up but every time it builds up it gets slammed with huge dumps (usually starting middle of night in US). Smells fishy, the 30k bearwhale fishy. This is not manipulation as with there's no panic and no chance to rebuy lower. This is just dumping tons and tons of coins
hero member
Activity: 728
Merit: 500
legendary
Activity: 966
Merit: 1000
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?
hero member
Activity: 672
Merit: 500
Bitcoin is over. Time to face the truth.

Stop talking your book you noisy troll.

Pretty heavy volume. Any actual news or just the boys having fun?

My book? Wtf are you talking about?
sr. member
Activity: 546
Merit: 250
I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I choose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

Edit: I cut my chose
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Bitcoin is over. Time to face the truth.

I will agree as soon as price hits 275$ again.

Even if Bitcoin prices hit $275 again, it is NOT over...   but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits....

Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.
hero member
Activity: 658
Merit: 500
There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from  Undecided and how many are there left

Bfx switched to naked short selling to squeeze out max before running away with costumers money.
hero member
Activity: 588
Merit: 500
There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from  Undecided and how many are there left

Well, Mt.Gox managed to make some 500k BTC disappear without a trace and some others also ran on that race, scoring 10k-50k here and there... Roll Eyes

bitcoin will not go that low. At the most it will drop to $360 and then spike back up.

You forgot to go all-in with a short during the freefall from 380$, I see. Cheesy
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