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bassclef
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January 30, 2015, 06:46:05 PM |
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Finex really wants to test $220.
Yeah it's interesting to watch the whales there play. There are some very skilled ones too that use professional tactics for accumulation/distribution... One more drop should pull out the rest of the retail shorts. Sad to see so many traders getting fleeced. Thanks for the coins though. How would another drop take out the retail shorts. Wouldn't they keep them open until they close and take profit? Then open new longs? It would trap them into thinking the market is going down, when in reality we're beginning to round out on lower volume (daily chart). If they panic short toward the bottom there is little to no chance to profitably close and open a long, instead they will be in the red and wish the market down on emotion, troll forums talking their book, etc. It also catches stops of longs who would take profits into any small rally. These shakeouts usually happen on lower volume toward the end of the trading range before a big move in either direction. Whales are a clever bunch and know that many retail investors (daytraders) are not well capitalized and easily spooked. If whales are bullish and accumulating, they need to rid the market of as much floating supply as possible, since this is what would be dumped into any subsequent rally. Once a rally starts, they are highly defined by how much selling there is. No selling, the market trends higher. Whales help the process by taking big long positions. We saw this during the last big reaction from the selling climax to $166. Often it takes time for whales to accumulate so to not mark up the price against their buying, which is why we didn't blast off right away. In each case, a strong downward move prepares the market for an equally strong upward move by removing supply from the market, and vice versa by introducing supply to the market. I would not be surprised to see a decent rally in the coming days. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1013
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January 30, 2015, 06:54:31 PM |
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Finex really wants to test $220.
200 euros here ... just normal. |
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ChartBuddy
Legendary
 Online
Activity: 2898
Merit: 2483
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 30, 2015, 06:59:56 PM |
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Tzupy
Legendary
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Activity: 2338
Merit: 1104
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January 30, 2015, 07:02:35 PM |
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finex lower than Bitstamp?
Something is happening behind the curtains
Leverage Longs are down a bit, shorts up a bit. Probably because the recovery is missing in action, and they fear another big dump. |
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Moria843
Sr. Member
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Activity: 442
Merit: 250
Found Lost beach - quiet now
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January 30, 2015, 07:14:04 PM |
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With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 30, 2015, 07:14:22 PM |
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finex lower than Bitstamp?
Something is happening behind the curtains
Leverage Longs are down a bit, shorts up a bit. Probably because the recovery is missing in action, and they fear another big dump. Yesterday there was about 15.8 mill in longs so yeah. Shorts are really up in comparison |
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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January 30, 2015, 07:16:58 PM |
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no one wants to test those walls on bitfinex.
smells like another bull trap in the making.
I just noticed that USD swaps on bitfinex never went under 10 millions since the november 2013. bubble.
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DaRude
Legendary
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Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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January 30, 2015, 07:42:48 PM |
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no one wants to test those walls on bitfinex.
smells like another bull trap in the making.
I just noticed that USD swaps on bitfinex never went under 10 millions since the november 2013. bubble.
Unless those walls get tired of waiting  |
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thresher
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January 30, 2015, 07:49:52 PM |
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no one wants to test those walls on bitfinex.
smells like another bull trap in the making.
I just noticed that USD swaps on bitfinex never went under 10 millions since the november 2013. bubble.
Unless those walls get tired of waiting They were there yesterday so don't count on it  |
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ChartBuddy
Legendary
Online
Activity: 2898
Merit: 2483
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 30, 2015, 07:59:57 PM |
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Jammalan the Prophet
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January 30, 2015, 08:15:13 PM |
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With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
Is the drahma tanking? hmm.. |
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kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
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January 30, 2015, 08:21:12 PM |
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With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
Is the drahma tanking? hmm.. he means the euro. and there has been a massive increase in volume on kraken which suggest they are to a certain extent. |
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SnokkomBTC
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January 30, 2015, 08:22:32 PM |
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With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
Is the drahma tanking? hmm.. lol  |
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Jammalan the Prophet
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January 30, 2015, 08:30:32 PM |
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With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
Is the drahma tanking? hmm.. he means the euro. and there has been a massive increase in volume on kraken which suggest they are to a certain extent. If he talks about the euro... then all Europe should buy bitcoins not just greeks And that volume...numbers plz? Kraken euro 24h 3.3k 30days 131k So the volume is not going anywhere |
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NotHatinJustTrollin
Full Member
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Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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January 30, 2015, 08:36:02 PM |
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bad trader
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January 30, 2015, 08:36:23 PM |
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Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
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Jammalan the Prophet
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January 30, 2015, 08:39:04 PM |
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Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
They are going to be "hacked" again then... But what happened to those coins , are the bitectives still trailing them? ROFL |
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bad trader
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January 30, 2015, 08:43:48 PM |
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Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
They are going to be "hacked" again then... That makes no sense, but whatever. I just thought they might be recovering their usual customers, whoever they are. |
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Jammalan the Prophet
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January 30, 2015, 08:46:30 PM |
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Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
They are going to be "hacked" again then... That makes no sense, but whatever. I just thought they might be recovering their usual customers, whoever they are. It makes sense as they were bullish BEFORE the hack. Since they are bullish again another hack is coming |
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