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

[ChartBuddy]

Explanation

[klondike_bar]

THE BEARWHALE BULLWHALE

Here's a thought - what if the bearwhale was actually a bullwhale?

1) dump some coins and put a massive 30k sell order wall at $300
2) purchase some long position calls on bitfinex or elsewhere.
3) eat it away using at least one other account, including an 11k purchase. Includes buying any coins being sold below $300.
4) remove the sell order for the last ~10k coins
5) watch the markets increase by 50% in a week, while still holding most of the original number of coins, plus extremely high-profit calls.

seems like by sacrificing ~10k coins to others at $300, the bullwhale effectively reversed the price decline, increasing the value of the remaining coins and probably selling the call positions for a tremendous profit.

is this feasible, or is the bearwhale just a bearwhale?

[tarmi]

Fucking ShroomsKit spreading fear and panic and causing the traders to dump.

LOL. He is barking at the wrong tree (Bitstamp), when he should be looking at China.

in this thread bulls usually look at:

a> china
b> shorts
c> their pockets

[SkyValeey]

...ang longs at 380$ ? 

[Blazin604]

We are going to test 390 in the next 24 hours.

[fonzie]

Bearish or bullish omen? 

[spooderman]

Bearish or bullish omen? 

teh illermity

[SkyValeey]

Bearish or bullish omen? 

[fonzie]

 

[touhonoob]

BTC China Under Maintenance
https://btcchina.com/

[fonzie]

4000BTC ask on Huobi @2320

[porcupine87]

275 => 385 in one week 

390 => 275 in 5 days

[fonzie]

BTC China Under Maintenance
https://btcchina.com/

nice timing, lol

[derpinheimer]

Huge ass ask wall on Huobi! HOLEEE SHIEET

4000BTC ask on Huobi @2320

beat me!

Its actually more though: 5006.2419

[ImI]

Huge ass ask wall on Huobi! HOLEEE SHIEET

4000BTC ask on Huobi @2320

beat me!

Its actually more though: 5006.2419

omg, this is the end! it has to be the end, doesnt it?

[fonzie]

www.okcoin.com is also down....

Edit: Works again, but very slow right now. Are we getting an orchestraded DDOS attack, like in the good ol times?

[tarmi]

lol

[fonzie]

Nice mini bearwhale on Huobi right now. Let´s hope it creates the same effect as the original one.

[derpinheimer]

Ask wall on huobi splitting and moving down! She's real!

Huobi is freakin the fuck out. 1k bidwall appeared on 2300 and its getting eaten

[billyjoeallen]

THE BEARWHALE BULLWHALE

Here's a thought - what if the bearwhale was actually a bullwhale?

1) dump some coins and put a massive 30k sell order wall at $300
2) purchase some long position calls on bitfinex or elsewhere.
3) eat it away using at least one other account, including an 11k purchase. Includes buying any coins being sold below $300.
4) remove the sell order for the last ~10k coins
5) watch the markets increase by 50% in a week, while still holding most of the original number of coins, plus extremely high-profit calls.

seems like by sacrificing ~10k coins to others at $300, the bullwhale effectively reversed the price decline, increasing the value of the remaining coins and probably selling the call positions for a tremendous profit.

is this feasible, or is the bearwhale just a bearwhale?

Occam's Razor. Most likely just a bearwhale. He lost over $1.7 million in market value and there hasn't been enough volume since then to make it likely he bought back in on margin. He couldn't have known $275 was the final bottom. It still might not be. How could he have known the market could absorb that many coins and not even slow down the rebound? Sure, we could be the toys of billionaires, but even billionaires have to compete with each other.