Topic: Market Doesn't Look to Hold Above $6,000 - page 4. (Read 8720 times)
This is all following the manipulator's plan.
Whoever the large trader is in the current market is doing a brilliant job. Price is dumped to below $6, then slowly built up to $6.42 with small orders before nice chunky sells like 1374btc are put through and the price falls again. It's rather interesting to watch. One thing is for sure, win or lose, MtGox comes out on top.
They don't make anything if bitcoin goes under.
Whoever the large trader is in the current market is doing a brilliant job. Price is dumped to below $6, then slowly built up to $6.42 with small orders before nice chunky sells like 1374btc are put through and the price falls again. It's rather interesting to watch. One thing is for sure, win or lose, MtGox comes out on top.
of course it has gone down, I bought back in at $7.75. If I sell here you can expect it to go back over $8.
It doesn't take a sophisticated bot to maintain the illusion of buy walls. Course, if they get taken out enough times, you won't be seeing that again until prices get much, much lower.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to5 4-ish.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to
Fixed for you.
Now that depends. If you assume The Manipulator wants to buy cheap coins (and I don't) then yeah, let it freefall to $4.
I think The Manipulator wants to *SELL* coins. That's how he or she has the capital to put up fake bid walls to try and support the price while dumping - from previous selling. I think the walls will be back at $5, won't be waiting for $4 at all.
I guess we'll find out.
News Flash: The manipulator doesn't control the entire market.
It doesn't take a sophisticated bot to maintain the illusion of buy walls. Course, if they get taken out enough times, you won't be seeing that again until prices get much, much lower.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to5 4-ish.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to
Fixed for you.
Now that depends. If you assume The Manipulator wants to buy cheap coins (and I don't) then yeah, let it freefall to $4.
I think The Manipulator wants to *SELL* coins. That's how he or she has the capital to put up fake bid walls to try and support the price while dumping - from previous selling. I think the walls will be back at $5, won't be waiting for $4 at all.
I guess we'll find out.
It doesn't take a sophisticated bot to maintain the illusion of buy walls. Course, if they get taken out enough times, you won't be seeing that again until prices get much, much lower.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to5 4-ish.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to
Fixed for you.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls.
They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
Not all of them. Whoever just sold 18k bitcoins in one go managed to blast through a few walls.
I mean the huge ones, like those that we see right now at 5.95 and 5.75. They have a tendency to disappear just before being hit. Like smoothie says it's likely someone trying to have it look as if there were support.
I know what you're talking about. I agree that lots of orders are put up with the intention that they'll influence behavior and not get executed, but there's risk involved in that strategy because sometimes they do. As I said, the recent 18k sell went through some very large orders.
It doesn't take a sophisticated bot to maintain the illusion of buy walls. Course, if they get taken out enough times, you won't be seeing that again until prices get much, much lower.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to 5-ish.
I think exactly this happened at 13. The bot was trying to create an illusion of stability, trading volume and support and then got sold to hard.
TL;DR: look for the walls again once we retreat to 5-ish.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls.
They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
Not all of them. Whoever just sold 18k bitcoins in one go managed to blast through a few walls.
I mean the huge ones, like those that we see right now at 5.95 and 5.75. They have a tendency to disappear just before being hit. Like smoothie says it's likely someone trying to have it look as if there were support.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls.
They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
Not all of them. Whoever just sold 18k bitcoins in one go managed to blast through a few walls.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls.
They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
I believe it is a psychological tact to get people to think the market is turning around or has support.
I dont even bother looking that the depth chart since it is obvious manipulated like such.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls.
They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls. And when it dropped under 6, he made an accidental removal of some of his buywalls before he put them back in or maybe Gox lagged. You're being played for suckers. The Manipulator is now scooping up cheap coins.
Not playing me. i've sold long ago. I'm gonna buy when the price goes much further down.
I was just being sarcastic. I can picture an early adopter who mined/bought 25K of bitcoins during the days when the price was
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.
Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.
I was just commenting on someone "gave up on bitcoin".. is all.
I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.
Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.
I was just commenting on someone "gave up on bitcoin".. is all.
I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.
If I was an early adopter and was still in the game right now. I would have sold at like $8 on this down trend thinking to buy back in much lower.
So if my decisions are on target with that of a real early adopter then maybe this will happen. Negative RALLY!
It appears to be one person with all those buywalls. I am watching him this second. He had two big ones and now they're all changing to a staircase of little buywalls. And when it dropped under 6, he made an accidental removal of some of his buywalls before he put them back in or maybe Gox lagged. You're being played for suckers. The Manipulator is now scooping up cheap coins.
I was just being sarcastic. I can picture an early adopter who mined/bought 25K of bitcoins during the days when the price was
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.
Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.
I was just commenting on someone "gave up on bitcoin".. is all.
I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.
Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.
I was just commenting on someone "gave up on bitcoin".. is all.
I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.
Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.
don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.
Oh well, then I'm fine, *wipes sweat off his brow*. Wait, I don't care, I don't even have bitcoin.
Likewise. I sold all of mine at $10.70 and $8.40.
Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.
don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.
Oh well, then I'm fine, *wipes sweat off his brow*. Wait, I don't care, I don't even have bitcoin.
Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.
don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.
Who said this had anything to do with early adopters? This has everything to to with the market and the bitcoin economy and where it is headed currently. Things may turn around and the trend may change permanently but I suspect not without a huge news blast of positive things as well as good publicity on some shows like Alex Jones or even Oprah =).
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