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

[MatTheCat]

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.

and this would be where being 'friends' with the exchanges would prove quite prudent!

Ya think hookey shit aint going on, on every single exchange, Stamp included?

[1714724880]

1714724880

[R4v37]

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.

i wish i'm one of those whales
so i will know how it feels to hold such a strong power yet huge risk

[ynef]

i wish i'm one of those whales
so i will know how it feels to hold such a strong power yet huge risk

Bet it feels like cocaine

[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.

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.

i wish i'm one of those whales
so i will know how it feels to hold such a strong power yet huge risk

just go pump and dump Bananacoin.  

[JayJuanGee]

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.

and this would be where being 'friends' with the exchanges would prove quite prudent!

Ya think hookey shit aint going on, on every single exchange, Stamp included?

I believe that it is possible, but really it seems too much too assume that to be the case.  There are ways to play the system without necessarily assuming that there are so many bad players.  For example, there are a lot of scenarios, even where a real wealthy whale may consider in his/her/its interest to manipulate the BTC market downward, even though he is losing money because he makes money in other areas by keeping BTC down.  In this regard, you need  not assume that every single exchange has some bad actors or foul play going on at a grand level.

Surely, most exchanges likely have some profiteering going on at smaller scales, but that kind of inside profiteering does not necessarily conclude that they are in bed with some of their highest rollering customers.

[BlackSpidy]

So, $350 didn't hold on bitstamp... Woops. Imma hodl on to wherever this goes.

[adamstgBit]

Someone drops their bags of riches. buy Buy BUY!!!!!!!!

[ghandi]

The $350 wall on Finex is strong. Somebody gets burned there

[MatTheCat]

Someone drops their bags of riches. buy Buy BUY!!!!!!!!

Your buy-in targets been met then?

[abercrombie]

is crypto done?? 

[JimboToronto]

Getting close to that big wall at Finex.

This should be fun.

[Bicmac1973]

The $350 wall on Finex is strong. Somebody gets burned there

Or someone wants to drive traders into shorts. 

[peonminer]

Headed back to $180.

[JorgeStolfi]

auction coins stay where they are. those buyers usually dont care about little gains and swings. they are in for the long haul.

Maybe... but the price was generally dropping at the previous auctions, and the known winners were long-term investors.  This one may be different.

Bids for this auction were made on 2015-11-05, when the extraordinary September-October rally had just peaked, the price was still around 410 USD, and it was uncertain whether it would continue rising.  Perhaps a short-term trader posted a relatively high bid, hoping for further rises; and then got scared/disappointed by the drop, so now that he got the coins he is selling them in anticipation of further drops.

[adamstgBit]

Someone drops their bags of riches. buy Buy BUY!!!!!!!!

Your buy-in targets been met then?

lol

ya.

[Fatman3001]

[MatTheCat]

lol

ya.

Well done, and well played.....


.........assuming it aint going to crash too much further, otherwise, welcome to the bag-holders club!

But in the meantime, I suspect Finex shorts are about to start piling out of their positions, with that 2K, and now 3K Wall at $350.

[Fatman3001]

[JimboToronto]

Bounced right off $350. Not a single coin sold into the ask wall at Finex.

[adamstgBit]

lol

ya.

Well done, and well played.....


.........assuming it aint going to crash too much further, otherwise, welcome to the bag-holders club!

But in the meantime, I suspect Finex shorts are about to start piling out of their positions, with that 2K, and now 3K Wall at $350.

i'm going to be covering all night, with some stop loss orders ready to buy it all back now if we head a few $ higher.