bull trap?
Bear trap closing more like a failed bulltrap... by mr.manipulator Bearwhale Manipulator really hasnīt failed, in fact he was pretty effective and most likely is satisfied. He probably reached his bottom price target and it ended with shaking out thousands of BTC (on all exchanges) at the lowest price possible. He painted a nice high volume capitulation on chart and showed the world his existence through the 30k ask wall. In my opinion the latter one even brought back some confidence to the traders. ( Now that they know that the big whales want their precious Bitcoins, which shows that they are still bullish and even so greedy that 30k+ arent enough for them ) AKA That darnnnn manipulator , without him we would already have reached 5000$ Now buy buy byu
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bull trap?
Bear trap closing
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Wow Bitstamp orderbook looks as illiquid as the one from BTC-E (+-30$ range) Never seen that before Stamp BTC-E
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Just bought. Let's roll the dice!
Edit: that moved up quickly Dead cat bounce. Won't go higher than 310. We'll hit 270 or lower tomorrow. Sub 200 less than a week from now. Sub 100 in less than three weeks. Mark my words. Marked! 320$ mofo, Choo choo
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I just cannot understand and comprehend why 98% of all the users in this thread are wanting to buy more BTC at the current levels when all the signals, trend, all point to a lower BTC.
Right now there is no reason to go long, only short.
Why is everybody guessing with their financial situation?
Put in new shorts every 10$ we go up, itīs free money, really. BTC is on the way to 10$. The bear trend will continue infinite. Take a loan and short even more if we should get higher. LoL
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Almost 500 coins between 302 and 328 on Stamp. Cover your shorts bears or get left squeezed! Finex is even worse when itīs about ask liquidity.
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Does Bitfinex do hidden orders? I'm not seeing any walls on Bitcoinwisdom, though many (large) trades are occurring right on the 300 mark.
Yes they do. A few months ago the limited amount for doin a hidden order was around 100-150 BTC But you can use that option now with any amount, no matter how small. So it doesnīt necessarily mean that it is a huge one.
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That shit is going to bounce so hard.
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maybe the winkelvoss has dumped ther coins
more likely the opposite of it
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Have the Winklis ever published their wallet adress? (Bullish tinfoil hat on) They might want to buy more "cheap" before the ETF starts, to add it to the ETF before the starting amount is exhausted(which would probably happen after a few weeks/months of trading). So they could probably be secretly building up a reserve. How many coins have they officially bought last year? 100-200k?
Edit: hhahaa nice coincidence, just saw that winkli tweet after i wrote that post
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I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.
Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000 BTC bid wall.... and why didnīt he slowly sell out over all exchanges distributed. Sorry but your explanation is highly unlikely. There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5K BTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up. If he wanted to sell, he would have called, GABI, Tim Draper, Barry Silbert, some other OTC exchange, or just dump them all in one go. But not by placing walls on a sunday! maybe he wanted some entertainment value. maybe he called them and they said no, or gave him a bad rate. maybe he is drunk and found out his g/f was in a gang bang last night with his brother... you don't need the reason, the fact is there is a wall, there is a person who is trigger happy, and could shit on your trade at any moment. I have to admit, if i would own 100k+ BTC , i would at least have once crashed one of the exchanges to 0$, just for the fun of it.
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If someone ever witnessed the situation of the BTC-E alts(LTC/NMC/PPC) last year before the runup. This is a 1:1 copy of it. Ask seleme. I still remember that 5000BTC LTC wall @ 2$ , one week later it shoot up to 45. Push it down as hard as you can, shake everyone out, buy as much as possbile, remove asks (buy a bit into your own after accumulation to enleash bullish sentiment; Lots of USD on the orderbook, most coins are gone. --> Rocket I would be highls impressed it this isnīt what we are seeing here. Also someone with 30k coins would probably prefer to sell OTC . Iīm not saying a hard bull-run is coming in, but this here (guy@300) happens definitely to create panic and push the price down to buy below it. It could even go on for 1-2 weeks, and the price might fall to 200$, but this is not about someone leaving the game.
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I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.
Ok, so why did he remove it after a short while if he is a legit seller, and why did build up that 8000 BTC bid wall @380.... and why didnīt he slowly sell out over all exchanges distributed. he also could have sold on Bitfinex @ 360 when they had around 10-12k down to 300$ I donīt think that someone with that much BTC suddenly decides to panic when it goes from 350 to 310$ Sorry but your explanation is highly unlikely.
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Wall gone at $280 (the 6k wall)
edit: And the 30k wall lol
question: Both walls from the same guy? I mean didn't the whale sell 8000 coins? A lot of those sells where probably from people who panicked after they saw that wall, and sold into the bids of the 30000 BTC ask wall owner. No, the vast majority of that volume was by the wall smashing through the orderbook to $300. This is clearly visible on 1m chart (6k BTC in one candle that took price from $306 to $294). https://i.imgur.com/lnhVOpq.pngPanic momentum like that does not happen in less than a minute. Thanks, youīre right. But intentions probably stay the same. He sells into his own walls to get his lower bids filled afterwards due to the panic. That 3-4000 Bid wall @ 300$ was set up only~2h ago before it got smashed, so it probably belonged to the same guy that owns the 30k wall and also sold throught the 300$ wall.
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Btc whales are noticing that Btc was a nice experiment and now it is the time for 2.0 cryptos.
Yeah i gues thatīs what happening. Which scamcoin (that you did invest in) would you like to get pumped?
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Place your orders below 300$, the whale is hungry, the faster we feed him, the faster we get rid of him.
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Canīt imagine that rebound, if it should come... If not, we are dead.
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Wall gone at $280 (the 6k wall)
edit: And the 30k wall lol
question: Both walls from the same guy? I mean didn't the whale sell 8000 coins? A lot of those sells where probably from people who panicked after they saw that wall, and sold into the bids of the 30000 BTC ask wall owner.
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OK walls are gone, itīs over, back to business as usual. Slow grind down to 0$
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