Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253978 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
JayJuanGee
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August 28, 2014, 12:35:06 PM

Whats the point of these fukkin walls? Like ok bitcoin you can't go over 515 it's forbidden or it's  just building pressure for the rocket?
I think the whale is trying to create some momentum, take the price down as people panic sell thinking we're resuming the bear trend, and then pump back up and get cheap coins.

I can't see any other way putting up those massive walls and blocking movement makes sense. Market looked like it was breaking consolidation and that there would be another wave up. If he truly wanted those coins sold he could've done it gradually while price climbed, or just waited until the wave ran its course, new support was built up and then put up that $520 order. Furthermore, him attempting to completely reverse the uptrend just by putting up those walls instead of dumping them doesn't seem to make sense either as if he succeeds in doing that he'll be left with 4.5k coins of far lesser value.

Then again what do I know, I'm just a noobish sheep, no idea what goes on in the mind of a whale Smiley

Yep... how could a sheep know a whale, they are much different creatures.   Cheesy