Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4499. (Read 26708620 times)

Well that is a way of looking at it.  Personally I say  teasing really does make people anticipate explosive finishes.

How about we slowly go to 70k Dec 31 and float around  the 70-90 range for most of Jan-June. Then explode past 300k by aug 1

This works for me.

The 64k question (lol look what I did there?) is how far will the fomo send it?  There are two things that are "different this time".

1. I think there will be more fomo than we have ever seen by a LOT.  
2. The distance between 65 and 650 is quite different, and yet exactly the same as between 65,000 and 650,000.  That's where the really chewy part comes in I think...
I have no idea.

Looking at the three day chart I am seeing (on ALL exchanges) a raging bull market with almost no volume at all.

I think this is EXTREMELY significant.  Because it means one of two things (or maybe both):

1.  The markets are being manipulated in concert at multiple exchanges worldwide.
2.  Something is taking the sell walls down at the exchanges but it is not buying at those exchanges.  Then the little bit of buying happening at the exchanges is cruising up to the higher sell walls, which are also likely to be pulled sooner than later.

As much as I have come to believe #1 is an actual possibility (I used to be VERY dubious about various paranoid market manipulation theories) I just do not see it being done this way at this time.

I know I keep saying the same thing over and over about dark pools etc.  But I cannot find any other explanation.

What this is doing, in my opinion is significantly muting the price action that would otherwise be evident along with the volume on the exchanges.

At any moment I expect the Mayor to come back in here asking for more of our pants.  (newer WOs won't get that one)

The 64k question (lol look what I did there?) is how far will the fomo send it?  There are two things that are "different this time".

1. I think there will be more fomo than we have ever seen by a LOT.  
2. The distance between 65 and 650 is quite different, and yet exactly the same as between 65,000 and 650,000.  That's where the really chewy part comes in I think...
I have no idea.

The 64k question (lol look what I did there?) is how far will the fomo send it?  There are two things that are "different this time".

1. I think there will be more fomo than we have ever seen by a LOT.  
2. The distance between 65 and 650 is quite different, and yet exactly the same as between 65,000 and 650,000.  That's where the really chewy part comes in I think...
I have no idea.

....  I think there is a strong possibility this is the phase the market is in right now, we've seen it before in previous bull runs right before some epic rises on thin volume

... I tend to think of it as the calm before the storm of the manic mark-up phase, you see it in other commodity markets also, grains, softs especially and local weekly cattle auction rings all share the same characteristics, also great studies in human psychology of markets

... basically the market is running out of sellers at these prices as the sellers now are expecting/demanding higher prices for their goods .... the buyers are there at the ring with cash in their pockets waiting for cheapest prices but they can see pretty much how many cows are left in the pens, the grass is going crazy in the paddocks back home but the sellers are in solidarity sitting on their hands saying NUP .... there's a quiet, tension in the atmospehere as the Mexican standoff goes through it's dance

... then the first buyer loses his nerve and puts in a big bid well above market, bang, that is the starting gun for the mark-up phase

... all the bids start coming in higher and higher but only a few get filled, fomo kicks, still no volume, the sellers are going to wait for the new price level to establish when it's in new territory

... what you are talking about is called "unit of account"

.... bitcoin is far away from becoming a unit of account, first it must prove itself as a medium of exchange and store of value in the market for monetary goods, which it is doing quite well but there is more work to do

.... when it is widely traded and exchanged for goods with ubiquitous payment methods while maintaing a relatively stable value against a basket of physical goods like food, fuel, housing, transportation, etc over short,  medium and longer terms then it will become natural to account for economic activity and produce trading accounts using bitcoin in the bottom line

....  I think there is a strong possibility this is the phase the market is in right now, we've seen it before in previous bull runs right before some epic rises on thin volume

... I tend to think of it as the calm before the storm of the manic mark-up phase, you see it in other commodity markets also, grains, softs especially and local weekly cattle auction rings all share the same characteristics, also great studies in human psychology of markets

... basically the market is running out of sellers at these prices as the sellers now are expecting/demanding higher prices for their goods .... the buyers are there at the ring with cash in their pockets waiting for cheapest prices but they can see pretty much how many cows are left in the pens, the grass is going crazy in the paddocks back home but the sellers are in solidarity sitting on their hands saying NUP .... there's a quiet, tension in the atmospehere as the Mexican standoff goes through it's dance

... then the first buyer loses his nerve and puts in a big bid well above market, bang, that is the starting gun for the mark-up phase

... all the bids start coming in higher and higher but only a few get filled, fomo kicks, still no volume, the sellers are going to wait for the new price level to establish when it's in new territory

Looking at the three day chart I am seeing (on ALL exchanges) a raging bull market with almost no volume at all.

I think this is EXTREMELY significant.  Because it means one of two things (or maybe both):

1.  The markets are being manipulated in concert at multiple exchanges worldwide.
2.  Something is taking the sell walls down at the exchanges but it is not buying at those exchanges.  Then the little bit of buying happening at the exchanges is cruising up to the higher sell walls, which are also likely to be pulled sooner than later.

As much as I have come to believe #1 is an actual possibility (I used to be VERY dubious about various paranoid market manipulation theories) I just do not see it being done this way at this time.

I know I keep saying the same thing over and over about dark pools etc.  But I cannot find any other explanation.

What this is doing, in my opinion is significantly muting the price action that would otherwise be evident along with the volume on the exchanges.

It is as if the world is playing Jenga with money.  The central banks keep adding more and more money to the top of the pile, and at the same time the professionals are pulling their dollars off the bottom of the stack and putting them at the top too by buying BTC (and real estate, and stocks, and PMs and watches etc).

All the while the smartest billionaires are coming to the conclusion that Saylor is shouting from the rooftops.  There is a nascent system that has the closest thing the world has ever seen to being a perfect store of value, cannot be manipulated at the protocol level, and is being developed QUICKLY into several networks, particularly a payment network.

No one wants the current system to come crashing down.  All of the current players are working as HARD as they can to avoid that scenario.  Because many of them have realized they are to heavy in cash.  This whole game Musk is playing with twitter?  I have lost a lot of respect for him, but I think he knows what he is doing here.  the TSLA stock price is made out of the house of cards that is the current financial system.  And that system is under attack as we have moved into WWIII.  But so far the people who have awakened enough to see it are still in the minority.  But I think Musk sees it.  It will be interesting to see what he chooses to do if he goes through with crashing his own company's stock price as well at the markets.

At any moment I expect the Mayor to come back in here asking for more of our pants.  (newer WOs won't get that one)