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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5756. (Read 26664555 times)

legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
I watched Tenet a second time as well, it helped.

The movie isn't that difficult, but its brought on a way to make it difficult
legendary
Activity: 2097
Merit: 1070
Yeah, bears are in agony right now.  Grin Grin Grin Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.

Such a risky game, why bother risking so much money for such relatively small profit?

Below is not organic selling. It is a whale or group of whales literally flushing the toilet at a particular price to cause a mini crash.



What’s the point? Surely the risk/reward ratio isn’t good enough for such small profit? What if another group or individual whale do what you see on the left of the chart & send the price the other way in a flash pump? The whale ends up losing all the bitcoin sold & has to buy back at a higher price?

This fuckery reminds me of constant barting at Bitmex. Hopefully we attack $60,000 on higher volume soon & wipe out these asshole bearwhales.

The point of dumping in 'bear raid formation' is to buy up all the forced liquidations which are of course dumped on the open market, it's a way of buying coins cheaper or even at the current price without large amount of slippage by dumping and rebuying. Risky business without the over leveraged being there - but they know they're there of course.

You can then buy back your initial coins at the lower price after triggering a cascade of stop losses and liquidations.

The only way it will fail is if the sell orders meet a huge unseen / hidden bid wall in which case the whale is in the shit.
legendary
Activity: 3556
Merit: 9709
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Yeah, bears are in agony right now.  Grin Grin Grin Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.

Such a risky game, why bother risking so much money for such relatively small profit?

Below is not organic selling. It is a whale or group of whales literally flushing the toilet at a particular price to cause a mini crash.



What’s the point? Surely the risk/reward ratio isn’t good enough for such small profit? What if another group or individual whale do what you see on the left of the chart & send the price the other way in a flash pump? The whale ends up losing all the bitcoin sold & has to buy back at a higher price?

This fuckery reminds me of constant barting at Bitmex. Hopefully we attack $60,000 on higher volume soon & wipe out these asshole bearwhales.
legendary
Activity: 2097
Merit: 1070
That was unexpected.

Very unexpected

Really? You think that a major shakeout of the over leveraged right around months end just before we go on to make new highs in April is unexpected?

It's overdue if anything.
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
Yeah, bears are in agony right now.  Grin Grin Grin Trying to scare someone between the € ATH and $ ATH? The worst possible  timing for the bears. But there is another colossal stupidity that amazes me. It is when I see a single sell on some exchange of the kind 0.00002BTC. Some exchanges don't allow such small trades but other apparantly allow them. I really can't imagine what will these "whales" do with all this daily profit (2%), or even worse, what exactly they save by a cut loss of 5% below the last price? I know, bots and evetything, but it seems to me that there are many incredibly stupid (hence poor) people on the major exchanges.
legendary
Activity: 3668
Merit: 6382
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Bitcoin traders were always impatient. This "pressure" built up in the last 10 days and I expect that it won't take more than 1-2 days to get back to "normal" (may actually be hours). And this "dump for ants" will not even be remembered  Smiley
legendary
Activity: 3122
Merit: 1538
yes
The Pi Cycle Top Indicator makes me worry too much. We are crossing it any day now. And it precisely predicted all market tops so far.

Whats your thoughts? This time is different? One possibility is we will have a double top like in 2013. Thats what I am expecting. A bullrun in April, Crash and sideways through summer. Parabolic end of the year.

https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

I don't see a real 'this is the top' indicator in this chart. It merely shows that we are in a bull run again. Guessing the top is guessing where the price will wind up on the upside before going down again for a bear market phase. We are only heating up now. A 'bear' bull case would put the top price of this grand cycle around $72k. I'd rather guess for the base case of a top between $100k-200k, with the 'bull' cases going from $200k to ludicrous.

There are a few other indicators that you can use to gauge the market. Not all of them point at an imminent top. And most aren't that precise either. A sample of these indicators:

https://charts.woobull.com/bitcoin-mayer-multiple/
https://charts.woobull.com/bitcoin-mvrv-ratio/
https://charts.woobull.com/bitcoin-nvt-price/
https://charts.woobull.com/bitcoin-vwap-ratio/
https://charts.woobull.com/bitcoin-price-models/

Yes, the price is elevated, but no, I do not see an imminent end of this bull phase yet.
hero member
Activity: 812
Merit: 587
Space Lord
Good morning WO! Observing a stable 58k! Tongue
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
copper member
Activity: 1526
Merit: 2890
BTC 59,800 57,800
...
Reason for this 2k red candle:

“More sellers than buyers”.


They selling like they saw the $59k for the first time   Huh
copper member
Activity: 1526
Merit: 2890
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
BTC 59,800 57,800
Nothing to see here, please disperse.



Reason for this 2k red candle:

“More sellers than buyers”.
legendary
Activity: 1235
Merit: 1202
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
hero member
Activity: 1132
Merit: 818
Well gooooood morning everyone!
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