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minerpart
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April 06, 2014, 08:56:52 PM
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328 btc just bought on Bitstamp at $450.

This could be the first order of some big money coming into BTC. We have potentially seen our third bottom at $415 and are now on the way back up to 1k and beyond.

What do you think? IS 328 a big order? I don't watch volume only candles.

Also the 8HR wall at 465 - what is that all about? Low volume manipulation?
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fonzie
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April 06, 2014, 09:11:24 PM
 #2

They have been sold into an existent buy order. We´ll probably continue our downtrend soon. Money is leavin and not enterin the market.
Check out the bid depth on Bitstamp or Ratio.

http://www.cryptocoincharts.info/orderbook.php?pair=btc-usd&market=bitstamp

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April 06, 2014, 09:15:23 PM
 #3

328 btc just bought on Bitstamp at $450.

This could be the first order of some big money coming into BTC. We have potentially seen our third bottom at $415 and are now on the way back up to 1k and beyond.

What do you think? IS 328 a big order? I don't watch volume only candles.

Also the 8HR wall at 465 - what is that all about? Low volume manipulation?

To 1K and beyond?
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April 06, 2014, 09:21:47 PM
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As far as I can tell the orders that number in the thousands are what excite people. A few hundred certainly isn't to be sniffed at though.

minerpart
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April 06, 2014, 09:28:51 PM
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They have been sold into an existent buy order. We´ll probably continue our downtrend soon. Money is leavin and not enterin the market.
Check out the bid depth on Bitstamp or Ratio.

http://www.cryptocoincharts.info/orderbook.php?pair=btc-usd&market=bitstamp

OK thanks I didn't see the book during the 8Hr's of action at $465.

To be honest the open order book doesn't interest me. The big boys will be using instant execution, an open book is only ever going to show small-time/amateur play.

Money leaves the market until it doesn't. I'm looking for the signs that it's coming back.


Edit - having said that maybe the book is worth a look - around 10 Bids for a total of 800BTC at $445-$450 levels ( a few 100BTC orders). So someone it seems is putting at least 200kUSD on us having seen the bounce.
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April 06, 2014, 10:00:28 PM
 #6

328 isn't very much, second market has been buying them in the 1000s, when it is buying. The lows so far have ben quite low volume, so there's probably a little lower to go before we get this out of our system. After that we get get back to the rocket ship.

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April 06, 2014, 10:12:17 PM
 #7

With the previous 1HR engulf north and a good rejection of $450 we should be seeing a re-test of $465 in the next couple of hours. This will be very interesting. If it breaks, we are on our way to $500 atleast.
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April 06, 2014, 11:41:00 PM
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While it is good there was a buyer at 450 there was also a seller.  So while volume is good I don't see this being too meaningful.
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April 07, 2014, 12:33:05 AM
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While it is good there was a buyer at 450 there was also a seller.  So while volume is good I don't see this being too meaningful.

Exactly, every buyer means theres a seller
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April 07, 2014, 12:43:00 AM
 #10

328 btc just bought on Bitstamp at $450.

This could be the first order of some big money coming into BTC. We have potentially seen our third bottom at $415 and are now on the way back up to 1k and beyond.

What do you think? IS 328 a big order? I don't watch volume only candles.

Also the 8HR wall at 465 - what is that all about? Low volume manipulation?

328 btc is nothing, i thought u were a senior here wtf ?
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April 07, 2014, 01:51:04 AM
 #11

The Rally! will be huge, it just takes time to get started.
If BTC keeps falling the rally will be that much bigger.......Learn from history.

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April 07, 2014, 02:23:14 AM
 #12

this happens every day. but it's not bearish I guess...

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April 07, 2014, 04:43:03 PM
 #13

Just watch fiatleak for 5 minutes, and you'll realize 328 is relatively small. The Chinese are exchanging 300+ every 10 minutes or so.
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