Zeitgeistler (OP)
Newbie
 Offline
Activity: 3
Merit: 0
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March 03, 2014, 01:06:05 AM |
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It seems some big trades are taking place...
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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March 03, 2014, 01:08:04 AM |
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People are trading.
Nothing major. At all.
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metstijl
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March 03, 2014, 04:31:07 AM |
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Always on a monday at this time. Chinise are in full force.
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 03, 2014, 04:36:27 AM |
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Market deciding whether to snap the record 8-week downtrend, or ... not...
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Walsoraj
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March 03, 2014, 04:47:44 AM
Last edit: March 03, 2014, 04:58:44 AM by Walsoraj |
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Always on a monday at this time. Chinise are in full force.
Americans operating high frequency bots and paying nothing in commission fees to do so. |
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metstijl
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March 03, 2014, 04:48:14 AM |
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Market deciding whether to snap the record 8-week downtrend, or ... not...
sweaty balls indeed.. inb4 bulltrap in to dead cat bounce. |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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March 03, 2014, 04:49:37 AM |
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Market deciding whether to snap the record 8-week downtrend, or ... not...
Record?? 6 months in 2011 I think they're trying to force an inverse H&S  |
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TERA
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March 03, 2014, 04:52:31 AM |
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It seems some big trades are taking place...
big trades? its the lowest volume day in months |
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af_newbie
Legendary
Offline
Activity: 2688
Merit: 1468
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March 03, 2014, 04:53:54 AM |
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Market deciding whether to snap the record 8-week downtrend, or ... not...
sweaty balls indeed.. inb4 bulltrap in to dead cat bounce. You sure about that? The bid is there on this breakout of the down trendline. I'd close the short if I were you. Too bullish. Shorts were selling like crazy into 1000 BTC bid @ 572, then it all looked good, then another 1800+ bid came to push it above the trendline. I'd put a short stop at 585 if you are still short. |
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metstijl
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March 03, 2014, 05:00:14 AM |
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strong 1m buywall at $575.56
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 03, 2014, 06:30:34 AM |
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Market deciding whether to snap the record 8-week downtrend, or ... not...
Record?? 6 months in 2011 Lower highs every week since new year. In 2011 some weeks spiked up although the monthly trend was down. |
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MatTheCat
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March 03, 2014, 07:46:34 AM |
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You sure about that? The bid is there on this breakout of the down trendline. I'd close the short if I were you. Too bullish.
Shorts were selling like crazy into 1000 BTC bid @ 572, then it all looked good, then another 1800+ bid came to push it above the trendline.
I'd put a short stop at 585 if you are still short.
Someone is definitely trying to push price up above $580 resistance. Another 3000K BTC chip placed into bid wall just below spot Probably on Bitfinex and being routed through stamp. Am Watching a flurry of smaller bids 'panic buy' below it. I will believe $580 being broken through when I see it, and if the trader placing that 3K playing chip just below spot really wants Bitcoins at this price range, then Bitcoin must surely break out through $580 soon. More likely than not, he just wants Bitcoins price to rise (perhaps yet more Bitfinex short stop loss farming), other than actually having to fork out his 3 Million USD himself in order to make it rise, leaving him in danger of becoming one great big huge bag holder if the market just doesn't buy it. in the end. Treacherous times right now for smaller fish. If I wasn't already short, I would be keeping the fuck away from this market right now....won't be going long either, even if $580 is broken through.....all about manipulation right now and I don't know the manipulators end game. |
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TERA
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March 03, 2014, 07:50:14 AM |
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Welcome to low volume trading. zzzzz
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 03, 2014, 07:54:22 AM |
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It's almost Gox o'clock. Surely someone has 5k coins to market sell?
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MatTheCat
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March 03, 2014, 08:02:09 AM
Last edit: March 03, 2014, 08:27:02 AM by MatTheCat |
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It's almost Gox o'clock. Surely someone has 5k coins to market sell?
I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall. It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see. I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit. I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump. EDIT: Liar! I jumped in long on gravy train with all the other little plankton...but will keeping my eyes peeled like a hawk on that 3K BTC bid. As soon as it disappears for more than 30 seconds I am out. |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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March 03, 2014, 08:18:31 AM |
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It's almost Gox o'clock. Surely someone has 5k coins to market sell?
I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall. It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see. I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit. I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump. Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now.. Might be our 10k noob sell whale, back in business. Edit: Wall moved up to 584, he wants coins.. |
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Asrael999
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March 03, 2014, 08:23:45 AM |
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Any chance this is related to the Ukraine situation - Bitcoin the "safe haven" ha!, Gold up this morning.
Maybe fear out of Ukraine is bringing people into Crypto?
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FeedbackLoop
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March 03, 2014, 08:26:00 AM |
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Maybe a naive question but since I don't see anyone reflecting this point of view*: Why not fundamentals? Russia starting shit -> stocks down, rubble down, gold up, Bitcoin up. *beaten by a micro-second by Asrael! you b!  Hate trashing two lines of typing. |
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yrtrnc
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March 03, 2014, 08:27:13 AM |
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It's almost Gox o'clock. Surely someone has 5k coins to market sell?
We will see I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall. It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see. I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit. I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump. Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now.. Might be our 10k noob sell whale, back in business. Edit: Wall moved up to 584, he wants coins.. We will see when the price gets to 599 |
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