RoadTrain
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Activity: 1386
Merit: 1009
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October 23, 2014, 08:20:07 AM |
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Am I the only one noticing substantial hidden buy orders on Bitfinex being sold into? More than 1k bought that way as of now.
+1. At 363.73$... more than 2k for sure. See it. It's interesting to me, what's the point? Does that mean this buyer can't buy OTC for some reason?
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ShroomsKit
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October 23, 2014, 08:22:26 AM |
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Bitcoin is over. Time to face the truth.
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inca
Legendary
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Activity: 1176
Merit: 1000
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October 23, 2014, 08:26:08 AM |
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Bitcoin is over. Time to face the truth.
Stop talking your book you noisy troll. Pretty heavy volume. Any actual news or just the boys having fun?
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janos666
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October 23, 2014, 08:26:55 AM |
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Bitcoin is over. Time to face the truth.
I will agree as soon as price hits 275$ again.
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DaRude
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Activity: 2901
Merit: 1914
In order to dump coins one must have coins
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October 23, 2014, 08:31:14 AM |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from and how many are there left
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Phillis
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October 23, 2014, 08:32:56 AM |
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Bitcoin is over. Time to face the truth.
I will agree as soon as price hits 275$ again. bitcoin will not go that low. At the most it will drop to $360 and then spike back up.
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janos666
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October 23, 2014, 08:33:42 AM |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from and how many are there left Well, Mt.Gox managed to make some 500k BTC disappear without a trace and some others also ran on that race, scoring 10k-50k here and there... bitcoin will not go that low. At the most it will drop to $360 and then spike back up.
You forgot to go all-in with a short during the freefall from 380$, I see.
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dakota neat
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October 23, 2014, 08:35:15 AM |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from and how many are there left Bfx switched to naked short selling to squeeze out max before running away with costumers money.
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JayJuanGee
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Activity: 3878
Merit: 11064
Self-Custody is a right. Say no to"Non-custodial"
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October 23, 2014, 08:35:23 AM |
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Bitcoin is over. Time to face the truth.
I will agree as soon as price hits 275$ again. Even if Bitcoin prices hit $275 again, it is NOT over... but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits.... Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.
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edwardspitz
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October 23, 2014, 08:37:40 AM Last edit: October 23, 2014, 09:29:15 AM by edwardspitz |
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I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I choose to take it as a strong buy signal Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back. Edit: I cut my chose
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ShroomsKit
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October 23, 2014, 08:40:52 AM |
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Bitcoin is over. Time to face the truth.
Stop talking your book you noisy troll. Pretty heavy volume. Any actual news or just the boys having fun? My book? Wtf are you talking about?
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madmat
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Activity: 966
Merit: 1000
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October 23, 2014, 08:48:50 AM |
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I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back. How do you see hidden buy orders ?
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Pala_00
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October 23, 2014, 08:50:15 AM |
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Bitcoin is over. Time to face the truth.
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DaRude
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Activity: 2901
Merit: 1914
In order to dump coins one must have coins
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October 23, 2014, 08:53:31 AM |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from and how many are there left Well, Mt.Gox managed to make some 500k BTC disappear without a trace and some others also ran on that race, scoring 10k-50k here and there... bitcoin will not go that low. At the most it will drop to $360 and then spike back up.
You forgot to go all-in with a short during the freefall from 380$, I see. Right, these dumps are done in a way to liquidate A LOT of coins. Market wants to go up but every time it builds up it gets slammed with huge dumps (usually starting middle of night in US). Smells fishy, the 30k bearwhale fishy. This is not manipulation as with there's no panic and no chance to rebuy lower. This is just dumping tons and tons of coins
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barbs
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October 23, 2014, 08:55:39 AM |
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Cut yeeerrrrrrr looooooooseee!!!! 111111
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 23, 2014, 09:00:42 AM |
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Newbie1022
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October 23, 2014, 09:01:47 AM |
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Down $1,000... sad about it... cutting loose... will make money back on the continued downswing since we broke a TA marker. Lemons to lemonade, mofos.
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edwardspitz
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October 23, 2014, 09:04:00 AM Last edit: October 23, 2014, 09:28:16 AM by edwardspitz |
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I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I choose to take it as a strong buy signal Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back. How do you see hidden buy orders ? You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.
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tarmi
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Activity: 1232
Merit: 1011
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October 23, 2014, 09:08:41 AM |
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this will get ugly. good luck to you bulls. no more choo choo long time. when you see some perm bears trolling and turning into bulls you know it's time to get out.
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madmat
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Activity: 966
Merit: 1000
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October 23, 2014, 09:12:36 AM |
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I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I chose to take it as a strong buy signal Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back. How do you see hidden buy orders ? You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion. Thanks a lot for these explanations. I don't use bitfinex, but on kraken, hidden orders don't cost more. Simply create an order of the type stop loss or make profit and the order will be triggered when price hits the target price. https://www.kraken.com/help/trading-guide#take-profit-orders
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