MatTheCat
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November 07, 2015, 09:09:46 PM |
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These massive walls placed right around the spot price, in my view, are largely there as a means of manipulating technicals.
I seen that 1000 BTC wall go 6 CNY below spot, and I just knew that it was going to get swallowed whole, no doubt by the very same entity that put it there. See it happen all the time.
Hard to say why was there, but I can agree that the owner knew this wall will get filled... Maybe he pushed the price on other exchanges down to fill this one. Not so much that the owner 'knew it would get filled', as he knew for certain it would get filled, as he would fill it if nobody else did. All over Bitcoinland, are small time Joes, hoping to catch the next swing up, or down if they are bearish, and they are sitting waiting on an array of technical indicators to give them the green light to make that trade. whales can swish coins around, looking to encourage the market to go in a certain direction, or even determine whether the prevaling sentiment is bullish or bearish...... ....so when Bitcoin is on the rise, or on the fall, and then suddenly a 500, or a 1000 BTC wall is placed slap bang next to spot price, only for it to get devoured a few minutes later, all at once.....in my view, more often than not, this is whales attempts to 'mould' or 'push' markets. Also bear in mind that these markets are totally unregulated, so it isn't even illegal for some whale who is a friend of an exchange, to get complete inside knowledge of exchange activity, not to mention zero trading fees.
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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November 07, 2015, 09:24:09 PM |
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These massive walls placed right around the spot price, in my view, are largely there as a means of manipulating technicals.
I seen that 1000 BTC wall go 6 CNY below spot, and I just knew that it was going to get swallowed whole, no doubt by the very same entity that put it there. See it happen all the time.
Hard to say why was there, but I can agree that the owner knew this wall will get filled... Maybe he pushed the price on other exchanges down to fill this one. Not so much that the owner 'knew it would get filled', as he knew for certain it would get filled, as he would fill it if nobody else did. All over Bitcoinland, are small time Joes, hoping to catch the next swing up, or down if they are bearish, and they are sitting waiting on an array of technical indicators to give them the green light to make that trade. whales can swish coins around, looking to encourage the market to go in a certain direction, or even determine whether the prevaling sentiment is bullish or bearish...... ....so when Bitcoin is on the rise, or on the fall, and then suddenly a 500, or a 1000 BTC wall is placed slap bang next to spot price, only for it to get devoured a few minutes later, all at once.....in my view, more often than not, this is whales attempts to 'mould' or 'push' markets. Also bear in mind that these markets are totally unregulated, so it isn't even illegal for some whale who is a friend of an exchange, to get complete inside knowledge of exchange activity, not to mention zero trading fees. still happens in regulated markets
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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November 07, 2015, 09:27:00 PM |
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I think this is gentlemen tonight!
What is 'gentlemen' tonight?
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bitcoinhopper
Sr. Member
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Bravity is beautiful.
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November 07, 2015, 09:32:34 PM |
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i hope price will stabilize right now after falling
380-ish is ok. Let's hope we can get some more action tomorrow. A potential high to 410 would bring resistence to 400 where the way to 450 rate is open again.
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r0ach
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November 07, 2015, 09:48:43 PM |
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Once we get to 600 and then see the first weekly red candle, then the mini-rally is over.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 07, 2015, 10:01:36 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 07, 2015, 10:01:56 PM |
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i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range. I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative. I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..
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adamstgBit
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Trusted Bitcoiner
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November 07, 2015, 10:18:58 PM |
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i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range. I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative. I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not.. +1 well vol appears to be going down a little bit, big move coming soon.
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Tzupy
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Activity: 2170
Merit: 1094
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November 07, 2015, 10:33:33 PM |
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i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range. I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative. I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not.. +1 well vol appears to be going down a little bit, big move coming soon. There's a rather large triangle that should break soon, but it keeps narrowing instead. The BB are are also getting narrower, should break one way or another within 2 hours.
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Bicmac1973
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November 07, 2015, 10:42:51 PM |
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i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range. I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative. I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not.. +1 well vol appears to be going down a little bit, big move coming soon. There's a rather large triangle that should break soon, but it keeps narrowing instead. The BB are are also getting narrower, should break one way or another within 2 hours. Seems to break to the upside on huobi.
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ssmc2
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November 07, 2015, 10:44:32 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 07, 2015, 11:01:25 PM |
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rjclarke2000
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November 07, 2015, 11:05:53 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
May I ask why? Thanks
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Dilla
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November 07, 2015, 11:06:19 PM |
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It's the weekend and we haven't had any major dumps yet. Nice. Probably speaking too soon and jinxing it.
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Feri22
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November 07, 2015, 11:07:33 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical?
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fichtn12345
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November 07, 2015, 11:10:19 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical? Confirmed.
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DeathAngel
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#1 VIP Crypto Casino
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November 07, 2015, 11:11:32 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical? It's looking that way
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 07, 2015, 11:12:21 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical? Oh yeah!
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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November 07, 2015, 11:13:24 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical?
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Hyperjacked
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It's all mathematics...!
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November 07, 2015, 11:18:07 PM |
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Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.
Wait, are you saying the next 24h are critical? More like Eddie murphy in 48 hours...or ...
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