Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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 companies 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)
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 companies 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)