somebody pulled the flush yesterday - page 3.

1Referee

legendary

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Quote from: Oilacris on July 03, 2019, 01:34:16 PM

I do agree that this is to shake off weak hands and accumulate much more cheaper coins and repeat the process.

The shake-off was from close to $14,000 to just under $10,000. Right now we're just seeing some genuine market activity. There is some resistance around the $12,000 level as we speak and there is more above it. The most important level in my opinion is the ~$14,000 to break through. It's something I would confidently long on Bitmex.

I really like the volumes that we are seeing. What a difference from say a month or two ago. I expect the volumes to increase even further the closer we are to the block halving.

Quote from: UnDerDoG81 on July 03, 2019, 05:06:45 PM

I think without whales we would still swim around 3k ish levels. God bless them (when) they help moving the market up.

That applies to all markets. Without whales and market makers there is no market.

Red-Apple

hero member

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Quote from: STT on July 03, 2019, 02:26:39 PM

Any variation in pricing like this helps solidify pricing at a certain level between buyers and sellers so the market is more balanced then just a pure rise by itself. I drew very roughly how I view this recent pricing, its pulling back in a regular way and will move to a great extent when leaving this channel I think

an excellent point and i fully agree with it.
but what baffles me every time we have a price solidification like this, it is followed by some level of panic sell that most of the times doesn't make any sense.

UnDerDoG81

legendary

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I think without whales we would still swim around 3k ish levels. God bless them (when) they help moving the market up.

crairezx20

legendary

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I thought the price will continue to drop that is why I sold my altcoin and bitcoin yesterday. It seems that the market is getting back to normal again I'm sure it is because of whales who hold a large amount of bitcoin and sell to make profit and then start FUD to keep the price down so that they can buy more bitcoins at a lower price. This is an old strategy of whales and until now they are still doing this so I regret selling coins yesterday even though I'm still made a profit from holding them for a long time.

buwaytress

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Quote from: YuginKadoya on July 03, 2019, 07:47:05 AM

Are you part of the whales now? Because of this panic sell that happened, I guess there are many conclusions why the market drop its price so sudden,

Well, if being happy for dips makes one a whale, then I most certainly am the Moby Dick of small-time Bitcoiners. I actually don't buy, I just get paid in BTC so I basically just cost average since I have to get paid and pay bills pretty regularly... but I have some leeway in how I time the invoices, so when a dip happens like that, you can be sure I'm asking to get paid asap;)

I don't think this was any panic selling either. We'd be seeing far deeper, far longer, crashes, if panic had set in.

leowonderful

legendary

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Bitcoin FTW!

Looks even more dramatic on a higher timeframe like the 4H or 1D. I think we're currently in an area of consolidation and we'll start to see a decisive move in either direction in the next few days; personally think that this is going to turn bullish but also prepared with stops in case this slips the wrong way. Whatever happens, though, overleveraged traders will continue to be shaken out as they have been for the past few months.

STT

legendary

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Any variation in pricing like this helps solidify pricing at a certain level between buyers and sellers so the market is more balanced then just a pure rise by itself. I drew very roughly how I view this recent pricing, its pulling back in a regular way and will move to a great extent when leaving this channel I think

Oilacris

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A typical or just an ordinary day here on crypto yet the said flush isn't really that causes panic selling but somehow

I do agree that this is to shake off weak hands and accumulate much more cheaper coins and repeat the process.
We cant see for prices to shoot up forever.

Reid

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Quote from: Naida_BR on July 03, 2019, 11:12:16 AM

It sounds like you are complaining that whales got bigger now.
Actually, I am fed up with all the people who blame about panic selling and saying that whales are made bigger. You cannot define that people who sold at that level didn't make any profit.

I dont really think that is just what happened.
We dont have proof that the whales took that sold bitcoin. Yes I can say though that there are panic sellers. There will always be.
But whales getting bigger? We dont have enough accurate proof to see that.

Now, it could be a new buyer which could also panic sell again after a little pump or it could be an addition to those average amount holder of bitcoin which are also trading.

exstasie

legendary

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Quote from: Red-Apple on July 03, 2019, 06:54:53 AM

i find it interesting when certain market behaviors keep being repeated. specially the obvious ones. for example in the past 48 hours we had a market flush that cleaned the market from weak hands and whales got bigger thanks to their panic sells. the interesting part is that such trends keep repeating every now and then counting on the weak hand panics to fill the gullet of the whales...

now that we are rid of them, price is back to normal again.

Remember though, we saw a very similar bounce off $10,300 last week. It ended up topping at $12,500 and then we dipped below $10K. In other words, we're only seeing lower highs and lower lows so far. This could be another dead cat bounce.

We need to break above $12,500 to say we're "back to normal" (trending up) again.

Adriano2010

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In my opinion is just a correction and the grow will continue again if not now a bit later and also maybe some people start sell because they make some profit if they sell at over 10k.

Naida_BR

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It sounds like you are complaining that whales got bigger now.
Actually, I am fed up with all the people who blame about panic selling and saying that whales are made bigger. You cannot define that people who sold at that level didn't make any profit.

YuginKadoya

legendary

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Are you part of the whales now? Because of this panic sell that happened, I guess there are many conclusions why the market drop its price so sudden, And this is due to the panic sellers that always keeps the word of certain people in the market that just always saying FUD and doesn't have any faith with the platform, But there are some that is pertaining that this is a correction, Well this is just what I read in some article of a sudden drop but I guess this is a good drop to certainly make a turning point for the price to sprung back up.

Red-Apple

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i find it interesting when certain market behaviors keep being repeated. specially the obvious ones. for example in the past 48 hours we had a market flush that cleaned the market from weak hands and whales got bigger thanks to their panic sells. the interesting part is that such trends keep repeating every now and then counting on the weak hand panics to fill the gullet of the whales...

now that we are rid of them, price is back to normal again.

Topic: somebody pulled the flush yesterday - page 3. (Read 772 times)