Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Lambie Slayer]

Golden Bull run canceled For now.

[d_eddie]

That was some serious whale stop hunting fuckery 

Impossible to enter new orders or tweak old ones on bitmex for like 20 minutes. It's wise to keep things set up in advance to make sure your ass is not too far from a chair when the music stops.

TL;WH

System overload
orders should be in order
fuckery incoming

[Icygreen]

Wow, what a show! I've never seen bitcoin in such a volatile candle.  600-800 jumps like fighting a big fish. Must have gone back and forth a dozen times over 5 minutes.  Tempted to trade it.

[freeone]

The bounce is real!

[rafanadal]

Bitcoin doubles in price for absolutely no reason over the span of a few days, then drops 25% in the span of one single second on no news and for no reason, but yea, it's not an entirely rigged, fake market at all.

of course, there is manipulation, no one denies this

that doesn't make btc worthless, we still like the technology, and the idea of being your own bank and being able to send or receive money anywhere, anytime, in few seconds, for very low fees, even if it's not entirely decentralized

so unless you have a better option (silver or gold are useless), we will stick with bitcoin

[Toxic2040]

would you just look at the size of it?



4h

#stronghands'19

[jbreher]

[edited out]

You left out _unwriter.

...

You left out adamstgBit.

[HairyMaclairy]

SOMA is open source

[jbreher]

Impossible to enter new orders or tweak old ones on bitmex for like 20 minutes.

Coinbase user not affected.

Well, the dip was rough, but orders are flowing.

[d_eddie]

@Toxic I'm a bit spoiled - sometimes I take your #dyor charts and captain mic speeches for granted. Now you got my last sM  

[jbreher]

So any idea what triggered the dump? Coinbase volumes were up like 60x during the worst 15 min candle, But I can't tell if that was cause or effect. Didn't happen on my watch.

[HairyMaclairy]

$6200 would have been a nice long

So any idea what triggered the dump? Coinbase volumes were up like 60x during the worst 15 min candle, But I can't tell if that was cause or effect. Didn't happen on my watch.

From a TA perspective we broke the parabolic curve.  Cause or effect?  /shrug

[Paashaas]

Parabolic move stopped, bull market is still alive.

We will see more $1k-$2k-$3k dumps.

Relax, this pitstop is healthy.

[jonoiv]

When Lambo?  

[DoublerHunter]

Keep your hands strong and hold what you have now and do invest more will be fine.

I feel that there is a high wave of resistance after this small correction, be hold! and stay strong!

[JayJuanGee]

[edited out]

You left out _unwriter.

...

You left out adamstgBit.

I guess that he "moved on" in life, so yeah, perhaps he has become a notorious BIG BLOCKER that is wasting his time in bcash circles, and he had gotten a bit bitter about this place.   

You see, you certainly would be more in touch in those circles than me, so how the hell am I going to know all the names of the "movers and shakers" pursuing the ongoing "good fight" bitcoin disinformation campaign?

[d_eddie]

$6200 would have been a nice long

Indeed. But I managed to have my short closed near the bottom, so I'm left with just a slice of my long (security buffer) that I intentionally left out of my stop. Would have reopened/added more from even lower than I had already prepared, but I didn't have a chance to place/modify the orders. Now that feels like fuckery. Like 20 straight minutes, FFS.

Jbreher duly reports Coinbase not affected. Then is it a unique flavour of verlakking, guacamole and nachos on the side, MEX style?

So any idea what triggered the dump? Coinbase volumes were up like 60x during the worst 15 min candle, But I can't tell if that was cause or effect. Didn't happen on my watch.

Clueless. I confide in a few of our fine analysts for some fine storytelling.

@jbreher, of course you can use or mention SOMA freely. It's open source anyway, as Hairy pointed out.

[Toxic2040]

Perhaps John is mad nobody noticed that he went dark...again?     

https://twitter.com/officialmcafee/status/1129068785762283521

Developing events have made it necessary for John McAfee to go dark. Please be advised that this account will be operated by staff until further notice. More details will be released in time.

9:59 AM - 16 May 2019

¯\_(ツ)_/¯

We may never know...that being said...my advice is to buy the dip.

[jonoiv]

So any idea what triggered the dump? Coinbase volumes were up like 60x during the worst 15 min candle, But I can't tell if that was cause or effect. Didn't happen on my watch.

Do you think it could be an algorithm on a certain exchange same as every pump and every dump?

[HairyMaclairy]

Coinbase not affected consistent with very strong US retail demand.  This rally has legs.  I predict this bear attack is thoroughly repulsed.  

I have nothing on exchanges tho so can’t trade it.