Price has been trapped in a range around $800, slowly sliding from $1000 over the past few weeks.
I still think we will see some downside in the next 4-6 weeks. Put a bottom in and then start slowly the next bull leg up.
Topic: $820 - $810 on Bitstamp!? - page 2. (Read 2457 times)
This outlines the flaw in your "whale manipulation theory": there's always a bigger whale.
Well done for being the only reply to this thread that made any sense.
Are you still SHOTRING?
No.
Since Bitfinex stopped allowing me to route stop losses through Bitstamp, and then the stop loss on what should have been a cracking short was blatantly farmed, pushing Bitfinex up to its high in doing so, I have removed all funds from Bitfinex and will not be using the exchange again.
No other shorting exchanges that I am aware off.
Limited experience with btc but IRL we have a standing rule that any market will move toward the size. It is counterintuitive but the bulk of volume comes in bursts, we know this, so if you want to bait the market higher you are actually better off dangling a sell order far enough away to cancel it. algos are helpful for that. And yes someone probably saw the same amatuer move you did and decided to slap them and make a few bucks. I would have done same.
You would have done the same!? You don't even know what you are talking about m8, but 3/10 for at least trying to sound like a pro trader.
P.S. I never made any move. I was sitting on a 20 BTC long since $814. I had a stop loss set up using QT-Trader. My stop rule should have been triggered but I still have all my coins. Right in the bin with QT-Trader!
This outlines the flaw in your "whale manipulation theory": there's always a bigger whale.
Well done for being the only reply to this thread that made any sense.
Are you still SHOTRING?
This outlines the flaw in your "whale manipulation theory": there's always a bigger whale.
Well done for being the only reply to this thread that made any sense.
I have been watching some whale have three ~ 160 BTC tranches on the Bitstamp Bid wall, presumably in order to strengthen 'buying' psychology. The upper 160 tranche would hop scotch about, always keeping a few sizeable bid orders in front of it.......
....and then FKN WHAM!
a 513 BTC order smacked into Bid wall taking it right down to 810 and then 10 seconds later a 253 order smashed into Ask Wall taking price back up to 815.
Wtf is going on here? Are two rival whales playing chicken with one another? One wanting to push or hold the price in one direction, the other in the opposite direction?
....and then FKN WHAM!
a 513 BTC order smacked into Bid wall taking it right down to 810 and then 10 seconds later a 253 order smashed into Ask Wall taking price back up to 815.
Wtf is going on here? Are two rival whales playing chicken with one another? One wanting to push or hold the price in one direction, the other in the opposite direction?
This outlines the flaw in your "whale manipulation theory": there's always a bigger whale.
Limited experience with btc but IRL we have a standing rule that any market will move toward the size. It is counterintuitive but the bulk of volume comes in bursts, we know this, so if you want to bait the market higher you are actually better off dangling a sell order far enough away to cancel it. algos are helpful for that. And yes someone probably saw the same amatuer move you did and decided to slap them and make a few bucks. I would have done same.
Wtf is going on here? Are two rival whales playing chicken with one another? One wanting to push or hold the price in one direction, the other in the opposite direction?
Beginning of an uptrend with some resistance.
I have been watching some whale have three ~ 160 BTC tranches on the Bitstamp Bid wall, presumably in order to strengthen 'buying' psychology. The upper 160 tranche would hop scotch about, always keeping a few sizeable bid orders in front of it.......
....and then FKN WHAM!
a 513 BTC order smacked into Bid wall taking it right down to 810 and then 10 seconds later a 253 order smashed into Ask Wall taking price back up to 815.
Wtf is going on here? Are two rival whales playing chicken with one another? One wanting to push or hold the price in one direction, the other in the opposite direction?
....and then FKN WHAM!
a 513 BTC order smacked into Bid wall taking it right down to 810 and then 10 seconds later a 253 order smashed into Ask Wall taking price back up to 815.
Wtf is going on here? Are two rival whales playing chicken with one another? One wanting to push or hold the price in one direction, the other in the opposite direction?
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