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Topic: attempted manipulation FAIL (Read 2103 times)

hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 03, 2012, 01:59:00 PM
#19
it's like everything in life, 80% of manipulaters fail at manipulating

60 percent of the time, it works everytime...

http://www.youtube.com/watch?v=zLq2-uZd5LY
Bro
full member
Activity: 218
Merit: 100
February 03, 2012, 01:28:25 PM
#18
it's like everything in life, 80% of manipulaters fail at manipulating
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 03, 2012, 01:05:47 PM
#17

There is going to be explosions from bitcoinica, semi decent ones for once with a few dumps to test the waters and a bit more volatility than needed.
It will interesting in the next couple weeks and days.

Hmm, I seriously doubt there will be a long squeeze.  I think most of the bitcoinica long positions were taken when the price was in the $5.6 to $5.8 range the past week.  Even at 5-1 leverage, price would have to drop to ~$4.7 to start the squeeze, which would take over 100k btc.

Also, it looks to me like at least one player has $175k USD on hand and wants to buy into the market.  If you went short on the starfish, I'd close out now while the market is still under $6.

Yes, I would not be going short right now, no way, no how...

Suit yourself.  As for me I'm following the only reliable indicator there is - starfish.

Yeah, I know, there will be some nice dips for you to take advantage of from marginoica, but its going up mid term nicely..

I dont trade on mtgox right now, and my exchange dosent move fast enough to warrant a sell to go short, not enough volume.

And when I sell, it takes days to fill it back in.

So Im just staying coin for the mid term, this will be one of the only times I wont take advantage of the starfish..

or at least not to the extent I used to.  Wink
legendary
Activity: 2198
Merit: 1311
February 03, 2012, 10:03:55 AM
#16

There is going to be explosions from bitcoinica, semi decent ones for once with a few dumps to test the waters and a bit more volatility than needed.
It will interesting in the next couple weeks and days.

Hmm, I seriously doubt there will be a long squeeze.  I think most of the bitcoinica long positions were taken when the price was in the $5.6 to $5.8 range the past week.  Even at 5-1 leverage, price would have to drop to ~$4.7 to start the squeeze, which would take over 100k btc.

Also, it looks to me like at least one player has $175k USD on hand and wants to buy into the market.  If you went short on the starfish, I'd close out now while the market is still under $6.

Yes, I would not be going short right now, no way, no how...

Suit yourself.  As for me I'm following the only reliable indicator there is - starfish.
hero member
Activity: 532
Merit: 500
February 03, 2012, 09:03:49 AM
#15
What is meelba was zhoutong?  Shocked
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 03, 2012, 02:05:45 AM
#14

There is going to be explosions from bitcoinica, semi decent ones for once with a few dumps to test the waters and a bit more volatility than needed.
It will interesting in the next couple weeks and days.

Hmm, I seriously doubt there will be a long squeeze.  I think most of the bitcoinica long positions were taken when the price was in the $5.6 to $5.8 range the past week.  Even at 5-1 leverage, price would have to drop to ~$4.7 to start the squeeze, which would take over 100k btc.

Also, it looks to me like at least one player has $175k USD on hand and wants to buy into the market.  If you went short on the starfish, I'd close out now while the market is still under $6.

Yes, I would not be going short right now, no way, no how...
sr. member
Activity: 387
Merit: 250
February 03, 2012, 01:56:07 AM
#13

There is going to be explosions from bitcoinica, semi decent ones for once with a few dumps to test the waters and a bit more volatility than needed.
It will interesting in the next couple weeks and days.

Hmm, I seriously doubt there will be a long squeeze.  I think most of the bitcoinica long positions were taken when the price was in the $5.6 to $5.8 range the past week.  Even at 5-1 leverage, price would have to drop to ~$4.7 to start the squeeze, which would take over 100k btc.

Also, it looks to me like at least one player has $175k USD on hand and wants to buy into the market.  If you went short on the starfish, I'd close out now while the market is still under $6.
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 03, 2012, 12:31:39 AM
#12
sold into a market that is going upwards, with clear sign..


Was a poor trade..  or someone needed money.
The fact that the buy wall was put up nearly simultaneously at $5.70 indicates to me that it was an attempt at a rebuy-for-cheaper, not a selloff because they needed the money.

It's not like all manipulation is bound to fail from now on; rather, what's been shown is that you need deeper pockets than 30k btc/$175k USD in order to pull it off.

Yeah your right looking at the position change..

Its just a very very very poor time to try it..

My only tip to everyone is to look at the macd on the last 30 days...   

This is all s3052 is doing too..

Also an inverted reversal, clear signs of going to the upside...

I hope he's doing more than that, for my 5 BTC / month  Grin

There is going to be explosions from bitcoinica, semi decent ones for once with a few dumps to test the waters and a bit more volatility than needed.
It will interesting in the next couple weeks and days..

hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
February 03, 2012, 12:08:53 AM
#11
sold into a market that is going upwards, with clear sign..


Was a poor trade..  or someone needed money.
The fact that the buy wall was put up nearly simultaneously at $5.70 indicates to me that it was an attempt at a rebuy-for-cheaper, not a selloff because they needed the money.

It's not like all manipulation is bound to fail from now on; rather, what's been shown is that you need deeper pockets than 30k btc/$175k USD in order to pull it off.

Yeah your right looking at the position change..

Its just a very very very poor time to try it..

My only tip to everyone is to look at the macd on the last 30 days...   

This is all s3052 is doing too..

Also an inverted reversal, clear signs of going to the upside...

I hope he's doing more than that, for my 5 BTC / month  Grin
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 03, 2012, 12:00:20 AM
#10
The Manipulator has apparently pulled a meelba and manipulated Himself Grin

I love Melba toast!   
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 02, 2012, 11:59:33 PM
#9
The Manipulator has apparently pulled a meelba and manipulated Himself Grin
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 02, 2012, 11:56:13 PM
#8
sold into a market that is going upwards, with clear sign..


Was a poor trade..  or someone needed money.
The fact that the buy wall was put up nearly simultaneously at $5.70 indicates to me that it was an attempt at a rebuy-for-cheaper, not a selloff because they needed the money.

It's not like all manipulation is bound to fail from now on; rather, what's been shown is that you need deeper pockets than 30k btc/$175k USD in order to pull it off.

Yeah your right looking at the position change..

Its just a very very very poor time to try it..

My only tip to everyone is to look at the macd on the last 30 days...   

This is all s3052 is doing too..

Also an inverted reversal, clear signs of going to the upside...
sr. member
Activity: 387
Merit: 250
February 02, 2012, 11:53:15 PM
#7
sold into a market that is going upwards, with clear sign..


Was a poor trade..  or someone needed money.
The fact that the buy wall was put up nearly simultaneously at $5.70 indicates to me that it was an attempt at a rebuy-for-cheaper, not a selloff because they needed the money.

It's not like all manipulation is bound to fail from now on; rather, what's been shown is that you need deeper pockets than 30k btc/$175k USD in order to pull it off.
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 02, 2012, 11:52:28 PM
#6
or was an attempted starfish killing, was a stab at triggering a cascade of liquidations over at Glasstableoinica
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
February 02, 2012, 11:50:44 PM
#5
Manipulation of The Manipulator!

Even if it's not him, it still sounds good.  Wink
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
February 02, 2012, 11:48:05 PM
#4
ya i had the same thought

he might be forced into buying back higher, Weeeee!  Cheesy
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
February 02, 2012, 11:39:09 PM
#3
good times  Cheesy
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
February 02, 2012, 11:38:57 PM
#2
sold into a market that is going upwards, with clear sign..


Was a poor trade..  or someone needed money.
sr. member
Activity: 387
Merit: 250
February 02, 2012, 11:34:36 PM
#1
I wasn't following the action especially closely, so please correct me if I missed something, but it seemed like an attempted manipulation failed miserably today.

The attempted manipulator:
1) sold ~20k btc from $6.13 down to $5.72
2) placed buy order for 20k btc at $5.70, likely to try to catch liquidations and restock their bitcoin holdings
3) placed sell order for 10k at $5.96, likely to try to drive price down

But instead of getting to rebuy their bitcoins for cheaper, there were no (or insignificant) liquidations, and the selloff was met with a collective yawn: no panic selling, the price didn't go down, and not even a speculation thread about the selloff.

And then, 3 hrs after the 10k sell wall was placed, someone just bought the wall.  So the attempted manipulator now has an additional ~$175k in cash now, and 30k fewer bitcoins.  If they wanted to buy back into the market, they'd have to drive the price up to $6.50, and would have 5% fewer bitcoins than they had earlier in the day.

This is what market stability and maturity looks like.  Nice.
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