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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33387. (Read 26611230 times)

legendary
Activity: 1414
Merit: 1000
HODL OR DIE
$70 by Wednesday. Then a nice steady rise to $100 again.

You think the 105 wall is fake?

Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.

Thar she blows.
hero member
Activity: 672
Merit: 500
There is so much money leaving Bitcoin.
FNG
hero member
Activity: 588
Merit: 500
Seems to be a lot of patience on the buyers side. Put up a big wall and wait for a big seller to make an exit.
sr. member
Activity: 434
Merit: 250
sr. member
Activity: 252
Merit: 250
Now all that matters is if the wall will be pulled or not.

It was eaten for more than half its size. I don't think it's fake.

But it's getting smaller by the second...

Does not mean that one person does not hold 3k of it.
sr. member
Activity: 434
Merit: 250
Now all that matters is if the wall will be pulled or not.

It was eaten for more than half its size. I don't think it's fake.

But it's getting smaller by the second...
sr. member
Activity: 252
Merit: 250
Now all that matters is if the wall will be pulled or not.
hero member
Activity: 672
Merit: 500
Ah sunday.  The dumping is starting again. What a surprise. I wonder how many more weeks this will happen.
sr. member
Activity: 434
Merit: 250
WoW! Now $105 is reduced to 5.5k!!!
sr. member
Activity: 434
Merit: 250
Those 4k and 11k walls sure don't look as imposing now...
FNG
hero member
Activity: 588
Merit: 500

But on another subject... action!!
Nearly 9k selloff...8,940   damn
sr. member
Activity: 434
Merit: 250
I was talking of liquidity, not the amount of it.


But on another subject... action!!

More than 8k sold! (And now clarkmoody died on me...)
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I don't mean to disparage speculators but I think there is likely such a thing as excess liquidity at times.

What's the name we give to our most liquid asset?

Money.  Wink

Exactly. And just like with the housing market, there can be too much of it around. Of course, if the governments didn't print so damn much of it...
sr. member
Activity: 434
Merit: 250
I don't mean to disparage speculators but I think there is likely such a thing as excess liquidity at times.

What's the name we give to our most liquid asset?

Money.  Wink
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").

Bitcoin needs to build fundamentals. That is what will drive its success.

I agree about the fundamentals, but not in whole about the role of speculators. Having a number of them there who are prepared to risk their own capital to provide liquidity is not such a bad thing.

I don't mean to disparage speculators but I think there is likely such a thing as excess liquidity at times.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
member
Activity: 112
Merit: 10
I recommend anyone who isn't an expert trader to take an educative read: http://www.babypips.com/school/the-big-three.html
sr. member
Activity: 434
Merit: 250
Indeed. We were overbought for most of the sprint upward in April.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
$70 by Wednesday. Then a nice steady rise to $100 again.

You think the 105 wall is fake?

Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.

Imagine the panic it would cause if it disappeared now

Exactly.... Moreover the ask side is offering terrible liquidity.
sr. member
Activity: 252
Merit: 250
$70 by Wednesday. Then a nice steady rise to $100 again.

You think the 105 wall is fake?

Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.

Imagine the panic it would cause if it disappeared now
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