Large Buyer Detected - Every Dump Gets Absorbed.

[adaseb]

We might finally see a decent rally soon. Looking at the price action looks like every dump made in the last 24 hours is absorbed.

Look at all those pins bars. Normally it would drop $5-10 before bouncing but not this time.

Adding a small long here.

[1715053747]

1715053747

[1715053747]

1715053747

[1715053747]

1715053747

[1715053747]

1715053747

[RyNinDaCleM]

A lot of pin bars to the upside too! Looks like a whale battle... Every dump bought back up and every pump sold back down. One preparing for a possible fork and one preparing for halving? Except for the few outliers, we've been range locked for 3 weeks now.

[LFC_Bitcoin]

Interesting. We could certainly do with some movement, it's all been getting a bit too predictable lately. Fun for HODLERS any way, maybe not day traders if that's your vice

[nicked]

Oh yeah! It's looking Great! (sarcasm)

[The Sceptical Chymist]

It's like looking at clouds with technicial analysis.  Some people see fighting whales, some people just see random fluctuations.  I tend to see the latter.  Don't know about those pin bars and if any of that can be used to predict anything. 

But rally you say?  OK, I hope you're right.  I'll be a-watching.

[mrhelpful]

You think its a whale to prevent prices to impact even further.

I mean I would do the same, if I was a whale.. if that were the case. Cause it seems pretty logical here, to lose whatever small % then hitting to almost everything type of measure.

And I`m sure its temporary that they know once the market goes back the other way around.

[ingiltere]

Whales fight, small traders get buried. I don't think trading is a good idea right now. I don't trust speculators. We may see worse prices but I hold my long term coins now.

[RyNinDaCleM]

It's like looking at clouds with technicial analysis.  Some people see fighting whales, some people just see random fluctuations.  I tend to see the latter.  Don't know about those pin bars and if any of that can be used to predict anything. 

But rally you say?  OK, I hope you're right.  I'll be a-watching.

You are clearly a gambler looking around your sig and avi... I just prefer mine a little more calculated. Say what you want about TA, but I use it quite successfully. Had it been luck all this time, then I am on a hell of a streak and should play more lotteries because luck don't normally work like this. There is a bit of randomness, sure, but when you take an aggregate of a larger piece of data (Candles) it tells you things that simply watching a ticker on it's "seemingly random walk" can't.

[~Bitcoin~]

Finally i am feeling relief as i can now choose keeping my bitcoin rather than selling right now. Looking at the price every day and feeling confused what to do now.

[BitHodler]

This has been going on for quite a while and you just noticed it today? Lol....

[MatTheCat]

We might finally see a decent rally soon. Looking at the price action looks like every dump made in the last 24 hours is absorbed.

Look at all those pins bars. Normally it would drop $5-10 before bouncing but not this time.

Adding a small long here.

Bullshit...all of it....Front Running en-exchange Stop Farming routines is what it is....especially on places like OK coin Futures, where thanks to huge leverage, they just need to dump or pump the price $15, in order to liquidate a whole bunch of positions.....there was a guy who came out on Twitter saying he had taken a huge short on BTC from $366 on OKCoin. That guy is fucked! Not that advertising his position made him any the worse of cos the rats at OK exchange will be able to see his trade and it's liquidation point at any rate, hanging their like a big juicy peach.

[The Sceptical Chymist]

It's like looking at clouds with technicial analysis.  Some people see fighting whales, some people just see random fluctuations.  I tend to see the latter.  Don't know about those pin bars and if any of that can be used to predict anything. 

But rally you say?  OK, I hope you're right.  I'll be a-watching.

You are clearly a gambler looking around your sig and avi... I just prefer mine a little more calculated. Say what you want about TA, but I use it quite successfully. Had it been luck all this time, then I am on a hell of a streak and should play more lotteries because luck don't normally work like this. There is a bit of randomness, sure, but when you take an aggregate of a larger piece of data (Candles) it tells you things that simply watching a ticker on it's "seemingly random walk" can't.

I'm definitely not a gambler.  I've become more of a buy and hold type of person,  because any time I've tried to actively trade anything I've not made money.  Don't know if you've made money ir not but I don't believe in TA.  Never have.  But if it works for you, more power to you.

[TReano]

if you call something that is constantly declining very bullish, you have no idea what you are talking about.


The wigs you are talking about are just daytraders buying the dip to close at a higher price, not a big whale sitting all day to push the market buy button...

[abs350]

if you call something that is constantly declining very bullish, you have no idea what you are talking about.


The wigs you are talking about are just daytraders buying the dip to close at a higher price, not a big whale sitting all day to push the market buy button...

Dude. The DJIA declined for 2/3 years 2007-2009, now look??

[bitcoinboy12]

if you call something that is constantly declining very bullish, you have no idea what you are talking about.


The wigs you are talking about are just daytraders buying the dip to close at a higher price, not a big whale sitting all day to push the market buy button...

Probably a post to give some hope to the hopefuls. I'm a hopeful but also a realist and at the moment, whales would rather check the price from time to time to see if it hits $10 lower or so before they hit the buy button than save the price from going down.

[adaseb]

Well, I was right!

[Meuh6879]

Exchanges are like that ...  


FUCK !





You'RE FuCKeD, too !

[BellaBitBit]

Well, I was right!

nice job.  i didn't think a jump like that would happen for awhile.