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

[MatTheCat]

urghhh.....850 BTC sold into support at $350!

Bear Whale will have his day!

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[InvestorPerson]

urghhh.....850 BTC sold into support at $350!

Bear Whale will have his day!

too obvious 

that bear is desperate

[MatTheCat]

urghhh.....850 BTC sold into support at $350!

Bear Whale will have his day!

too obvious  

that bear is desperate

Been watching him at play since $390 m8.

We are now at $350, and with a show of whale selling pressure like that, likely to go lower still, even if he were largely just selling into his own wall.

[JayJuanGee]

About several days ago, I had created various staggered limited buy orders on Gemini from $329 and down to $301, and with my available cash in that account, I had intended to put a couple more limited buy orders down to $285 or $290, but for some reason I forgot to put the remaining one or two orders.

This morning, I was notified that ALL of my outstanding Limited buy orders on Gemini had been filled down to $301, and it looks like such limited buy orders would have been filled down to $243, if I had placed them...

Fuck...   I shouldn't be greedy, but it would have been nice if I would have at least put my available cash to work a little more than I had.. ... I had just gotten distracted and forgot to verify that I still had some cash being held in that Gemini account.

LOL 80 coins were sold during this most retarded move ever, your not the only one that wishes they had placed bids.

who would do that i don't even.

I'm kind of new to trading with about 4 weeks-ish of practice, and over those 4 weeks, on several occasions, I have executed buys when I meant sells and sells when I meant buys; however, my amounts are generally fairly small. 

I really suspect that the Gemini situation from today was kind of a fat finger mistake and with fairly thin order books, the ramifications become much more significant than if the order book had more participation.

[bambou]

urghhh.....850 BTC sold into support at $350!

Bear Whale will have his day!

too obvious 

that bear is desperate

Been watching him at play since $390 m8.

We are now at $350, and with a show of whale selling pressure like that, likely to go lower still, even if he were largely just selling into his own wall.

There is much more money to be made on the down side.

[InvestorPerson]

urghhh.....850 BTC sold into support at $350!

Bear Whale will have his day!

too obvious  

that bear is desperate

Been watching him at play since $390 m8.

We are now at $350, and with a show of whale selling pressure like that, likely to go lower still, even if he were largely just selling into his own wall.

he better make that happen, wasted lot of ammo 

[adamstgBit]

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

[MatTheCat]

There is much more money to be made on the down side.

Bullshit.

If Bitcoin goes to Zero, for every BTC I sell short, I make a max return of $350, which I wont be able to extract from the exchanges anyhow, cos they will have all went tits up.

If Bitcoin however, goes back up to test it's ATH, then I will have trebled my money.

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

All the exchanges look to have exhausted selling pressure....except for Stamp, where there is still some mother fucker dumping BTC Kilobombs, probably the same mother fucker who has been pulling the market around like a crack whore all week, erecting massive walls, and dumping into them. Stamp 15 Minutes chart suggest more downside. No leveraged trading and no shorting on Stamp, which is one of the reasons it is a market leader. If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.


on the plus side (if you're an over precipitous twitchy bagholder like me), a nice low W forming on the 1hr RSI, on Stamp. A bit of buying pressure (exiting shorts perhaps), should sent Bitcoin right back up, hopefully for good this time.

[Dilla]

I think the market manipulator is just feeling the end of his reign coming soon. Sure, he can easily pump and dump it now, but once more and more professional traders, and more buyers (bitcoin users) come in, the less his dumping will have on the market. It (they) are probably accumulating through manipulation until the inevitable unstoppable rise of the vertical portion of the "s" curve on bitcoin's price. There's only one way to go when everyone wants one.

How long will this whale live? who knows..
The whale who has dumped us down, may be the one who has pumped us up, and may help pump us up into the new ath.
I'm sure this whale's got it figured out.

[InvestorPerson]

oh goldfish is sweating it

china pushes up and suddenly stamp starts dumping

keep your cool goldfishy 

[ChartBuddy]

Coin

Explanation

[MatTheCat]

How long will this whale live? who knows..
The whale who has dumped us down, may be the one who has pumped us up, and may help pump us up into the new ath.
I'm sure this whale's got it figured out.

Of that I am in no doubt, the trick is trying to figure out what the mother fucker(s) is going to do next. He wants YOUR Fiat AND BTC for sure, but what is his next move in figuring out how to get it....

....and btw....this is exactly why the entry of institutional traders into Bitcoin spells hard times for the casual Bitcoiner Trader. These guys, will eat us, for breakfast.

[mymenace]

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

correction to 320 ish


trap

seems to be occurring
 speculation only

[luckygenough56]

[JayJuanGee]

There is much more money to be made on the down side.

Bullshit.

If Bitcoin goes to Zero, for every BTC I sell short, I make a max return of $350, which I wont be able to extract from the exchanges anyhow, cos they will have all went tits up.

If Bitcoin however, goes back up to test it's ATH, then I will have trebled my money.

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

All the exchanges look to have exhausted selling pressure....except for Stamp, where there is still some mother fucker dumping BTC Kilobombs, probably the same mother fucker who has been pulling the market around like a crack whore all week, erecting massive walls, and dumping into them. Stamp 15 Minutes chart suggest more downside. No leveraged trading and no shorting on Stamp, which is one of the reasons it is a market leader. If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.


on the plus side (if you're an over precipitous twitchy bagholder like me), a nice low W forming on the 1hr RSI, on Stamp. A bit of buying pressure (exiting shorts perhaps), should sent Bitcoin right back up, hopefully for good this time.

Regarding your point about more money on the upside than the downside.  Surely that is the case for bitcoin bagholders, like us, and yes, we definitely want bitcoin prices to go up in order that we can benefit from the price rise.

On the other hand, for a market maker, manipulator, there is likely a considerable advantages to manipulate against trends and cause others to play into your hands in various ways.

And, if you want to get out of BTC, that should not be too difficult so long as you identify the time to get out before mos tof the other BTC bagholders.

My recent history, and reluctance to sell my BTC at a loss would likely signify that I would be hanging onto my BTC much longer than a lot of other folks.

Regarding the downward price pressure on stamp.  It seems that sooner or later this whale or group of whales is going to have to run out of coins.  It seems that there just are not enough others following suit in order to make the ongoing selling to cause any additional BTC price downfalls.  Having a lot of difficulties getting others to follow and getting the price to go below $351.20.  S/he / it does not seem to be giving up, yet, but at some point (hopefully soon) is going to run out of coins.

[JayJuanGee]

If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.

Actually, what this whale (s) could do is put like 10k coins on stamp, and bring them into stamp at any time that s/he wishes, since BTC is so easy to move, and push the price down on stamp while accumulating coins on other exchanges and through other channels.  Therefore continuing to profit and continuing to be able to accumulate more coins than he is selling on stamp.  Something like that.

I don't really buy the theory of selling into your own buy wall on the same exchange to be profitable or even reasonable conduct.

[MatTheCat]

Regarding the downward price pressure on stamp.  It seems that sooner or later this whale or group of whales is going to have to run out of coins.  It seems that there just are not enough others following suit in order to make the ongoing selling to cause any additional BTC price downfalls.  Having a lot of difficulties getting others to follow and getting the price to go below $351.20.  S/he / it does not seem to be giving up, yet, but at some point (hopefully soon) is going to run out of coins.

But how much of his coins is actually selling to other hands, as opposed to selling them to himself?

Massive support Walls go up...everyone pauses...illusion of support, whale devours his own Wall, anxious holders of BTC looking to sell, sell off in droves....

....then when down move is out of fuel, same trick applies on the way up, but in reverse.

That last Kilobomb that Stamp whale dropped at $350 support (again, he is still probably holding most of the 850 BTC that he sold), seemed to be taken with indifference by all other exchanges, so up pensively we climb?

[Dilla]

How long will this whale live? who knows..
The whale who has dumped us down, may be the one who has pumped us up, and may help pump us up into the new ath.
I'm sure this whale's got it figured out.

Of that I am in no doubt, the trick is trying to figure out what the mother fucker(s) is going to do next. He wants YOUR Fiat AND BTC for sure, but what is his next move in figuring out how to get it....

....and btw....this is exactly why the entry of institutional traders into Bitcoin spells hard times for the casual Bitcoiner Trader. These guys, will eat us, for breakfast.

Yea I will just sit back and hold and try not to trade, I know I'm not on their level. I will gladly just wait for the price to rise.

[adamstgBit]

There is much more money to be made on the down side.

Bullshit.

If Bitcoin goes to Zero, for every BTC I sell short, I make a max return of $350, which I wont be able to extract from the exchanges anyhow, cos they will have all went tits up.

If Bitcoin however, goes back up to test it's ATH, then I will have trebled my money.

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

All the exchanges look to have exhausted selling pressure....except for Stamp, where there is still some mother fucker dumping BTC Kilobombs, probably the same mother fucker who has been pulling the market around like a crack whore all week, erecting massive walls, and dumping into them. Stamp 15 Minutes chart suggest more downside. No leveraged trading and no shorting on Stamp, which is one of the reasons it is a market leader. If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.


on the plus side (if you're an over precipitous twitchy bagholder like me), a nice low W forming on the 1hr RSI, on Stamp. A bit of buying pressure (exiting shorts perhaps), should sent Bitcoin right back up, hopefully for good this time.

Regarding your point about more money on the upside than the downside.  Surely that is the case for bitcoin bagholders, like us, and yes, we definitely want bitcoin prices to go up in order that we can benefit from the price rise.

On the other hand, for a market maker, manipulator, there is likely a considerable advantages to manipulate against trends and cause others to play into your hands in various ways.

And, if you want to get out of BTC, that should not be too difficult so long as you identify the time to get out before mos tof the other BTC bagholders.

My recent history, and reluctance to sell my BTC at a loss would likely signify that I would be hanging onto my BTC much longer than a lot of other folks.

Regarding the downward price pressure on stamp.  It seems that sooner or later this whale or group of whales is going to have to run out of coins.  It seems that there just are not enough others following suit in order to make the ongoing selling to cause any additional BTC price downfalls.  Having a lot of difficulties getting others to follow and getting the price to go below $351.20.  S/he / it does not seem to be giving up, yet, but at some point (hopefully soon) is going to run out of coins.

i would think, it's best to manipulate with the trend and exaggerate the trends performance as to more easily call tops and bottoms
market is bullish, so you pump it to a point where clearly if you stop pumping it's going to crash, at that point you dump and stop pumping.

wasting ammo pushing market down and then expecting market to go down further or even stay at its current manipulated low level as you buy back in, is just bad manipulation

[JayJuanGee]

There is much more money to be made on the down side.

Bullshit.

If Bitcoin goes to Zero, for every BTC I sell short, I make a max return of $350, which I wont be able to extract from the exchanges anyhow, cos they will have all went tits up.

If Bitcoin however, goes back up to test it's ATH, then I will have trebled my money.

such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.

All the exchanges look to have exhausted selling pressure....except for Stamp, where there is still some mother fucker dumping BTC Kilobombs, probably the same mother fucker who has been pulling the market around like a crack whore all week, erecting massive walls, and dumping into them. Stamp 15 Minutes chart suggest more downside. No leveraged trading and no shorting on Stamp, which is one of the reasons it is a market leader. If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.


on the plus side (if you're an over precipitous twitchy bagholder like me), a nice low W forming on the 1hr RSI, on Stamp. A bit of buying pressure (exiting shorts perhaps), should sent Bitcoin right back up, hopefully for good this time.

Regarding your point about more money on the upside than the downside.  Surely that is the case for bitcoin bagholders, like us, and yes, we definitely want bitcoin prices to go up in order that we can benefit from the price rise.

On the other hand, for a market maker, manipulator, there is likely a considerable advantages to manipulate against trends and cause others to play into your hands in various ways.

And, if you want to get out of BTC, that should not be too difficult so long as you identify the time to get out before mos tof the other BTC bagholders.

My recent history, and reluctance to sell my BTC at a loss would likely signify that I would be hanging onto my BTC much longer than a lot of other folks.

Regarding the downward price pressure on stamp.  It seems that sooner or later this whale or group of whales is going to have to run out of coins.  It seems that there just are not enough others following suit in order to make the ongoing selling to cause any additional BTC price downfalls.  Having a lot of difficulties getting others to follow and getting the price to go below $351.20.  S/he / it does not seem to be giving up, yet, but at some point (hopefully soon) is going to run out of coins.

i would think, it's best to manipulate with the trend and exaggerate the trends performance as to more easily call tops and bottoms
market is bullish, so you pump it to a point where clearly if you stop pumping it's going to crash, at that point you dump and stop pumping.

Well, they frequently say that the trend is your friend, but I believe that the same rule does not apply if you are a whale or a market manipulator.  If you are a whale/manipulator, then you want to maintain some control over the rises and falls, and of course from time to time, even the manipulator will have to let the trend go when the momentum is working too strongly against his/her/its ability to control it.  Ultimately, keeping the situation in control is going to be much more profitable for someone with a lot of capital and moving the market...... and if the price goes up too much, then it takes more capital to control it...  and then there would be a problem with new entrants and other whales trying to get a piece of the pie.