Ezmoneyezlife
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March 09, 2015, 04:06:11 AM |
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Its so simple to detect such wash volume pumps - they "bought" ~6k coins on okgox within 15 minutes (wash volume bots), but look at buy support there: ~700 btc to fall lower then pre pump level. Wise taders has figured out that shitty chinese scheme long ago, this week we're gonna see 200$ retest due to Storch RSI being in highly overbough zone.
Sure if you look at bid support it might look low. But bid support on okcoin isn't always on the books. One nice thing is that okcoin has a ton of algo orders like TWAP and Iceberg that buys in small amounts. Yes, its called wash volume due to bots usage, ask yourself, why someone should by such large amounts of btc instantly on okgox pushing the price while he can buy 1/3 on okgox, 1/3 on goxobi and 1/3 on btcchina instead? They always use okgox/goxobi wash volume bots to pump a price to the resistance levels before a dump, it wont go above 1760 cny, the only goal of such fakeouts is to force other exchanges to cancel shorts/place more fat buy support before they dump. Same scheme over and over again.
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empowering
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Activity: 1078
Merit: 1441
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March 09, 2015, 04:07:38 AM |
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Cconvert2G36
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March 09, 2015, 04:09:21 AM |
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Grumble, wash volume (drink), grumble grumble.
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KryptoFoo
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March 09, 2015, 04:17:43 AM |
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1730 resistance --> support
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coinableS
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Activity: 1442
Merit: 1180
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March 09, 2015, 04:25:04 AM |
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Break $300 before morning?
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abercrombie
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Activity: 1159
Merit: 1001
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March 09, 2015, 04:25:38 AM |
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Someone really hoping to use the animated Wylie Coyote gif hitting the $280 ceiling.
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12345mm
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March 09, 2015, 04:31:55 AM |
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zero volume zero volume zero volume all day all day all day ... jam jam up up up for no reason ... followed by immediate collapse back followed by zero volume zero volume zero volume ... if that shit doesn't look like dieing with no organic support and only whales playing i don't know what does ...
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Cconvert2G36
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March 09, 2015, 04:50:18 AM |
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zero volume zero volume zero volume all day all day all day ... jam jam up up up for no reason ... followed by immediate collapse back followed by zero volume zero volume zero volume ... if that shit doesn't look like dieing with no organic support and only whales playing i don't know what does ...
Define: "immediate collapse". You've had an hour and a half to close your long and open your short.
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ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 09, 2015, 04:59:14 AM |
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heartastack
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March 09, 2015, 05:17:29 AM |
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Too much jargon and negative sentiment. This makes me bullish and the altcoins are giving me awesome returns the last two weeks. Looks good to me (for now). I'd be prepared for upside. I wouldn't leverage either direction though. Peace times are most dangerous!
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12345mm
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March 09, 2015, 05:48:59 AM |
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i would reasonably call it collapse as immediate selling / retracement / lack of continued buying support leading to eventual price decline as soon as sudden out of left field rapid buying for no reason ceases (pump attempt with 0 organic support) ... which i've seen all day ... looks like everyone is holding their breath and waiting for the shoe(s) to drop ... while a handful of whales / exchanges insider traders attempt to goose the price ... the gaps of 10 minutes + with zero buying / selling at all taking place on the "major" exchanges can tell you more than I ever can explain to you ...
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bad trader
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March 09, 2015, 05:52:01 AM |
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I'm amazed at how people take triangles on charts seriously. It's because this happens.
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ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 09, 2015, 05:59:17 AM |
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sAt0sHiFanClub
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March 09, 2015, 06:27:38 AM |
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Another pump,,, Or is this it? Break for $300?? Nah, just fuckin' with ya. It's another pump...
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andreja1982
Member
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Activity: 95
Merit: 10
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March 09, 2015, 06:40:42 AM |
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one way or another
we are going up
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mavericklm
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March 09, 2015, 06:52:58 AM |
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one way or another
we are going up
and down!!! yeyyyyyyy
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ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 09, 2015, 06:59:15 AM |
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KryptoFoo
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March 09, 2015, 07:15:39 AM |
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oh you skeptics.
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heartastack
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March 09, 2015, 07:41:37 AM |
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oh you skeptics. A perfect pictorial of the posters lately.
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spooderman
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Activity: 1652
Merit: 1029
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March 09, 2015, 07:49:08 AM |
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I'm amazed at how people take triangles on charts seriously. It's because this happens. Nice! That's actually quite convincing.
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