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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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trcwhale
Member
 Offline
Activity: 84
Merit: 11
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March 03, 2014, 10:03:30 AM |
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Keeping my eyes peeled on that motherfucking 3K bid wall until we are well over 600.
Aaand it's gone... Onkel Paul oops seems like he only adjusted it... He keeps moving it up to spot, and absorbing selling pressure, but more critically, triggering panic buying to jump in before him.........from his strategy, I think this is a ramp other than a pump n dump. If this holds that will be a clear inverse head n shoulders at 530-400-530. BTC could really take off from here. He can't move the market for long only has little powder left. |
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Flatulenters
Member
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Activity: 71
Merit: 16
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March 03, 2014, 10:03:50 AM |
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What's the easiest way to keep an eye on his wall? Just have to keep refreshing the stamp order book page?
i look at walls on http://bitcointicker.co/ |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 03, 2014, 10:09:06 AM |
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Technicals aside, some good regulatory news from the UK might finally be improving sentiment.
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merkin51
Member
Offline
Activity: 95
Merit: 10
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March 03, 2014, 10:14:16 AM |
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Technicals aside, some good regulatory news from the UK might finally be improving sentiment.
London looking to be a frontrunner in Bitcoin would be awesome news... it'll be interesting to see what happens now, hopefully startups can blossom at least with the VAT news. |
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MatTheCat
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March 03, 2014, 10:14:40 AM |
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He can't move the market for long only has little powder left.
Think of the amount of traders and trading robots that base their decisions on specific 4hr technical indicators. His price ramping has now triggered the most important of these into net long territory. If Bitcoin can hold above the resistance points that it just broke, through, then sentiment can swing to full on bullish form here. He keeps pushing his Bid up to spot and he has at least twice as much powder in keg (another 3 million USD) if he wants. I have seen the Bid wall double on Stamp momentarily as he pushes up his Bid wall, before taking away lower bid. |
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igorr
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March 03, 2014, 10:22:17 AM |
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Its fake wall, fake pump, the same as gox.
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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seanneko
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March 03, 2014, 10:23:06 AM |
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Well, he ended up getting all the coins he wanted.
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MatTheCat
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March 03, 2014, 10:23:19 AM |
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Wall vanished
I sold!
Bitcoin nose dived
LOL
Got out of that one with tidy profit!
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merkin51
Member
Offline
Activity: 95
Merit: 10
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March 03, 2014, 10:29:27 AM |
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Hmmm, made a decent profit on the small outlay, but don't think I'll bother doing shit like that again. Think I'm just going to sit in fiat until it looks like we have a genuine reversal, far less stressful!
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akujin
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March 03, 2014, 10:37:15 AM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 03, 2014, 10:47:01 AM |
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Technicals aside, some good regulatory news from the UK might finally be improving sentiment.
London looking to be a frontrunner in Bitcoin would be awesome news... it'll be interesting to see what happens now, hopefully startups can blossom at least with the VAT news. Excellent news. I bet some Russians are buying today too, as well as USD. |
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MatTheCat
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March 03, 2014, 10:56:22 AM |
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Hmmm, made a decent profit on the small outlay, but don't think I'll bother doing shit like that again. Think I'm just going to sit in fiat until it looks like we have a genuine reversal, far less stressful!
Hey...it's easy money for sitting watch action with finger over trigger button. If some whales wants to lose money ramping Bitcoin that is their prerogative. Now lets see if long term down trend reversal support holds at $580.....he has another 3 million USD in keg...lets see if he is going to use that to create a school-boy TA101 trend reversal confirmation. |
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Sindelar1938
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March 03, 2014, 11:39:22 AM |
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Some bigger buying but $600 still feels like a barrier
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segeln
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March 03, 2014, 01:02:43 PM
Last edit: March 03, 2014, 04:02:12 PM by segeln |
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 1.box =lateral movement since beginning 2014 2.box =bullish flag 3.box =since 2013 accelerated upwards trend(secondary trend) 4.box=High April 2013 as resistance, now strong support 5.box=upwards trend since 2011(primary trend) Edit:it`s a flag not a pennant (wrong Translation) |
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MatTheCat
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March 03, 2014, 03:21:13 PM
Last edit: March 03, 2014, 03:37:56 PM by MatTheCat |
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Some bigger buying but $600 still feels like a barrier
Another big one off ramp just there. That means that Bitcoin has taken out the long term trend line, and now confirmed as a support! This came right at a point when the 60 and 30 min PSAR indicators had switched over to short signal, and then boom Quick, Pile in before we miss out on a lot of cheap coins!? Not so fast. I am no longer bearish in terms of believing in a bottom lower than $400, but even a measly $500 bottom is a long way down from here. Whilst things may look very bullish on paper, this has all been manipulated by timely whale interventions. Whether to go long right now or not is whether you believe the will of these whales is either stronger than, or reflects that of the rest of the market. Will wait and see if we can get beyond 610. If we can do that, I might start to be impressed. EDIT: These ramps have occurred during good eastern european office hours...
....perhaps they weren't rampers at all, but impatient money movers in Ukraine trying to get finance shifted around..!? |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 03, 2014, 03:40:42 PM |
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Likely a combination of things given the news today. Expecting quite a dip after the spike, though - what about you?
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MatTheCat
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March 03, 2014, 03:47:56 PM |
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Likely a combination of things given the news today. Expecting quite a dip after the spike, though - what about you?
Might be a post spike dip. Might go lower than my panic buy at $618, but I don't care. This upsurge turns all bearish arguments and technicals on their head. But that is me now 100% bullish long term. Have been saying for days that I just haven't been getting the same fear of Bitcoin that I previously had and have actually been feeling positive about for the first time in a damn long time. Still, the intellectual doubts lingered that we must surely retest the $400 range before the bottom can be confirmed.....but it don't look like it is going to happen. I am now 100% Bull at least for the short-medium term.P.S What news? |
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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March 03, 2014, 03:54:19 PM |
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England announced it won't tax btc. Can I ask prob a dumb question? what are you looking at that is telling you there is a whale with 3 mil and please explain how you know how much powder he has at any time?
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 03, 2014, 03:57:31 PM |
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Likely a combination of things given the news today. Expecting quite a dip after the spike, though - what about you?
Might be a post spike dip. Might go lower than my panic buy at $618, but I don't care. This upsurge turns all bearish arguments and technicals on their head. But that is me now 100% bullish long term. Have been saying for days that I just haven't been getting the same fear of Bitcoin that I previously had and have actually been feeling positive about for the first time in a damn long time. Still, the intellectual doubts lingered that we must surely retest the $400 range before the bottom can be confirmed.....but it don't look like it is going to happen. I am now 100% Bull at least for the short-medium term.P.S What news? UK tax situation, plus Ukraine, possibly. Apparently the Bitcoin Foundation is considering relocating to London. That in itself isn't directly relevant, but it suddenly shows renewed optimism about bitcoin after the Gox fiasco. It's a good news story after a run of crap. |
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