The price has bounced right back - page 2.

bittenbob

hero member

Activity: 560

Merit: 500

Quote from: RogerR on January 19, 2012, 10:41:35 PM

I don't trust those 50k walls at all... they are obviously the same ones that disappeared at 6.4 and 6.6 2-3 days ago when we were at 7.19 with practically nothing to go to 9. Without them, there wouldn't be any real support above 5.20/40.

You fools are being played again.

And many of the ask walls are also fake meaning the resistance isn't what it would appear either. What exactly is your point and what makes you so experienced from your 80 some odd posts to be calling us fools?

We have about 1000 coins to move the price $0.01 in either one direction right now which is interesting.

RogerR

member

Activity: 102

Merit: 10

I don't trust those 50k walls at all... they are obviously the same ones that disappeared at 6.4 and 6.6 2-3 days ago when we were at 7.19 with practically nothing to go to 9. Without them, there wouldn't be any real support above 5.20/40.

You fools are being played again.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: jojo69 on January 19, 2012, 07:42:18 PM

I'm holding short till I see what happens when we hit this impending downtrend

of course it could snap either way...who knows

Taking a look-see at your downtrend, watching and waiting on the sidelines.

bittenbob

hero member

Activity: 560

Merit: 500

Did anyone else see those walls move as the price approached? They are now up higher but still for the same amount at 300BTC. Not exactly sure what the strategy is there unless they are trying to buy coins without raising the price.

(Update)

Was looking at the timed out clark moody data. But the coins are still higher up now. The walls were moved as I predicted. It looks like a couple of them were bought up in that big spike before they had a chance to move them from the slightly higher point they were moved to.

Dutch Merganser

member

Activity: 84

Merit: 10

Quote from: bittenbob on January 19, 2012, 08:28:10 PM

Someone is trying to suppress the price.

[Edit] Make that 4 groupings. Someone is trying hard.

Time to go get 'em tiger, you first Wink

notme

legendary

Activity: 1904

Merit: 1002

Quote from: bittenbob on January 19, 2012, 08:28:10 PM

If you look at the 300BTC groups between 6.35 and and 6.36 (3 groups) these are classical fake walls. This would require 1000BTC to go from 6.35 to 6.36 but last time we jumped to 6.36 there was not even 100BTC volume required because the walls were taken down before the orders could be executed. They were there before the price approached them and disappeared as the price reached 6.35 only to reappear after it dropped.

Someone is trying to suppress the price.

[Edit] Make that 4 groupings. Someone is trying hard.

"My money should clear tomorrow"... but will we wait?

bittenbob

hero member

Activity: 560

Merit: 500

If you look at the 300BTC groups between 6.35 and and 6.36 (3 groups) these are classical fake walls. This would require 1000BTC to go from 6.35 to 6.36 but last time we jumped to 6.36 there was not even 100BTC volume required because the walls were taken down before the orders could be executed. They were there before the price approached them and disappeared as the price reached 6.35 only to reappear after it dropped.

Someone is trying to suppress the price.

[Edit] Make that 4 groupings. Someone is trying hard.

bittenbob

hero member

Activity: 560

Merit: 500

I looked at the order book on MTGox and there are a number of 1k walls spaced evenly apart near $7. To me this is a sign of a bot/manipulator and that these walls are probably not real. Anything that looks computer generated like that usually is. By my count that only amounts for about 5k of the coins but the bot could have made a mix asks at different levels.

NamelessOne

legendary

Activity: 840

Merit: 1000

Yeah, two days ago was a big shock for everyone so it makes sense that it is still reflected in the orderbook.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

I'm holding short till I see what happens when we hit this impending downtrend

of course it could snap either way...who knows

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: ineededausername on January 19, 2012, 07:39:19 PM

Quote from: bittenbob on January 19, 2012, 07:38:10 PM

I notice 53.5k BTC to $7 right now. Does that seem a lot higher than before to anyone else? This makes it seem unlikely to me we will see $7 any time soon unless most of those walls are fake.

Then again these walls could be by the manipulator who is trying to get people to short in preparation for a massive short squeeze. All it would take is several thousand coins being pulled from the order book and a few thousand coins bought to cause a snowball effect (Short Squeeze).

It does seem a lot higher than before... but I think the Manipulator is simply getting ready, as you said.

It doesn't just seem higher, it is higher. A lot higher. The ask side doubled in a matter of minutes a few days ago.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: bittenbob on January 19, 2012, 07:38:10 PM

I notice 53.5k BTC to $7 right now. Does that seem a lot higher than before to anyone else? This makes it seem unlikely to me we will see $7 any time soon unless most of those walls are fake.

Then again these walls could be by the manipulator who is trying to get people to short in preparation for a massive short squeeze. All it would take is several thousand coins being pulled from the order book and a few thousand coins bought to cause a snowball effect (Short Squeeze).

It does seem a lot higher than before... but I think the Manipulator is simply getting ready, as you said.

bittenbob

hero member

Activity: 560

Merit: 500

I notice 53.5k BTC to $7 right now. Does that seem a lot higher than before to anyone else? This makes it seem unlikely to me we will see $7 any time soon unless most of those walls are fake.

Then again these walls could be by the manipulator who is trying to get people to short in preparation for a massive short squeeze. All it would take is several thousand coins being pulled from the order book and a few thousand coins bought to cause a snowball effect (Short Squeeze).

SgtSpike

legendary

Activity: 1400

Merit: 1005

Thanks.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

yeah, margin call on their leverage

shorts you can squeeze even if they are 1:1

"the man who sells what isn't hi'n, must buy it back or go to priz'n"

notme

legendary

Activity: 1904

Merit: 1002

Quote from: SgtSpike on January 19, 2012, 07:08:58 PM

Can someone give a quick explanation of short squeeze vs long squeeze? Does a long squeeze mean that everyone who is long gets liquidated?

You got it... just not everyone. Only those who are overconfident are liquidated.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: SgtSpike on January 19, 2012, 07:08:58 PM

Can someone give a quick explanation of short squeeze vs long squeeze? Does a long squeeze mean that everyone who is long gets liquidated?

yes, causing a chain reaction.. same for short squeeze

SgtSpike

legendary

Activity: 1400

Merit: 1005

Can someone give a quick explanation of short squeeze vs long squeeze? Does a long squeeze mean that everyone who is long gets liquidated?

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: Technomage on January 19, 2012, 06:58:27 PM

The situation is very different to what it was a few days ago. If there is a big squeeze now, it's more likely to be a short squeeze. A long squeeze would be very risky and difficult to attempt without a very large amount of money.

And this time we really can have a short squeeze, because zhou has set aside funds for it.

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

The situation is very different to what it was a few days ago. If there is a big squeeze now, it's more likely to be a short squeeze. A long squeeze would be very risky and difficult to attempt without a very large amount of money. Not saying that a short squeeze would be easy either. I don't think a massive squeeze in either direction is very likely tbh. But you never know.

Topic: The price has bounced right back - page 2. (Read 4974 times)