Topic: The timeline (Read 2816 times)
asterix.. is gone
lol
+1 Zhoucoin
+1 Zhoucoin
What I remember - correct me if I am wrong. Dates in January 2012:
6th - The rally is stopped at 7.2 in a curiously even pattern. A small dip follows.
8th/9th - Rally is again stopped at 7.2. Asterisk at bitcoinica 'buy' button looks like the culprit (https://bitcointalksearch.org/topic/and-today-there-is-no-buying-on-bitcoinica-57178). Another dip and subsequent rallies all stop when * appears at bitcoinica buy button.
11th - 16th - Sideways pattern, rallies always stop below 7.2. Asterisk hypothesis confirmed.
13th - S3052 sends a very positive weekly report but it did not overcome the bitcoinica asterisk
15th - 17th - Again price drops down slightly
about 9pm UTC the drops start to be quite regular
after 10pm most probably bitcoinica liquidations start cascading (there are little bids left on MtGox for these prices - so the liquidations move the price down and cause other liquidations), price drops to 4.65
price goes back to 6.4 and then oscillates in a triangle- someone starts buying
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
the price again goes down to 5.6 with huge volume and again is stopped by a buy out plus bid walls around 5.4
the price again oscilates in a down leaning triangle
It is quite evident now - that:
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
6th - The rally is stopped at 7.2 in a curiously even pattern. A small dip follows.
8th/9th - Rally is again stopped at 7.2. Asterisk at bitcoinica 'buy' button looks like the culprit (https://bitcointalksearch.org/topic/and-today-there-is-no-buying-on-bitcoinica-57178). Another dip and subsequent rallies all stop when * appears at bitcoinica buy button.
11th - 16th - Sideways pattern, rallies always stop below 7.2. Asterisk hypothesis confirmed.
13th - S3052 sends a very positive weekly report but it did not overcome the bitcoinica asterisk
15th - 17th - Again price drops down slightly
about 9pm UTC the drops start to be quite regular
after 10pm most probably bitcoinica liquidations start cascading (there are little bids left on MtGox for these prices - so the liquidations move the price down and cause other liquidations), price drops to 4.65
price goes back to 6.4 and then oscillates in a triangle- someone starts buying
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
the price again goes down to 5.6 with huge volume and again is stopped by a buy out plus bid walls around 5.4
the price again oscilates in a down leaning triangle
It is quite evident now - that:
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
I posted a 2-week chart on this thread alluding to that bubble:
https://bitcointalksearch.org/topic/the-2-week-trading-bubble-60131
It is quite evident now - that:
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
I think we may also add, that if Bitcoinica in reality is accountable for ~80% of mtgox' volume:
3. The asterisks caused the rally to stop at 7.2
The question (apart from many others) is now: When will the asterisks return?
(7.20 $, 23th of December?
)
Also, now this:
...an over-the-top bimbo-bull.
rotfl
Edit: made it a bit more bimbo!
You forgot
3. Many of the shorts were overlevereged as well and got counter-liquidated.
3. Many of the shorts were overlevereged as well and got counter-liquidated.
Added in:
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
Fantastic, thanks.
You forgot
3. Many of the shorts were overlevereged as well and got counter-liquidated.
3. Many of the shorts were overlevereged as well and got counter-liquidated.
Added in:
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
Bruce Wagner said on his pre 'Good Wife' show (when his guests were trying to be cautious about speculative behaviour) that people should not wait to buy bitcoin, they should jump in and buy it before the Mr Bitcoin episode because...
bitcoin prices will *EXPLODE*. (it did explode - just not the way he meant!)
Not that I really think what he says is that important - but it'd be nice to think this anti-rally is partly punishment for him being an over-the-top bimbo-bull.
bitcoin prices will *EXPLODE*. (it did explode - just not the way he meant!)
Not that I really think what he says is that important - but it'd be nice to think this anti-rally is partly punishment for him being an over-the-top bimbo-bull.
You forgot
3. Many of the shorts were overlevereged as well and got counter-liquidated.
3. Many of the shorts were overlevereged as well and got counter-liquidated.
It's tough to say. To me, it feels like some kind of reverse-psychology rally.
I think you should include better than expected "Good Wife" episode and resulting indicators of increased interest (wikipedia page count, etc) and bullish sentiment. This action may have (I think likely) been purposefully timed to coincide with that.
What I remember - correct me if I am wrong. Dates in January 2012:
6th - The rally is stopped at 7.2 in a curiously even pattern. A small dip follows.
8th/9th - Rally is again stopped at 7.2. Asterisk at bitcoinica 'buy' button looks like the culprit (https://bitcointalksearch.org/topic/and-today-there-is-no-buying-on-bitcoinica-57178). Another dip and subsequent rallies all stop when * appears at bitcoinica buy button.
11th - 16th - Sideways pattern, rallies always stop below 7.2. Asterisk hypothesis confirmed.
13th - S3052 sends a very positive weekly report but it did not overcome the bitcoinica asterisk
15th - 17th - Again price drops down slightly
about 9pm UTC the drops start to be quite regular
after 10pm most probably bitcoinica liquidations start cascading (there are little bids left on MtGox for these prices - so the liquidations move the price down and cause other liquidations), price drops to 4.65
price goes back to 6.4 and then oscillates in a triangle- someone starts buying
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
the price again goes down to 5.6 with huge volume and again is stopped by a buy out plus bid walls around 5.4
the price again oscilates in a down leaning triangle
It is quite evident now - that:
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
6th - The rally is stopped at 7.2 in a curiously even pattern. A small dip follows.
8th/9th - Rally is again stopped at 7.2. Asterisk at bitcoinica 'buy' button looks like the culprit (https://bitcointalksearch.org/topic/and-today-there-is-no-buying-on-bitcoinica-57178). Another dip and subsequent rallies all stop when * appears at bitcoinica buy button.
11th - 16th - Sideways pattern, rallies always stop below 7.2. Asterisk hypothesis confirmed.
13th - S3052 sends a very positive weekly report but it did not overcome the bitcoinica asterisk
15th - 17th - Again price drops down slightly
about 9pm UTC the drops start to be quite regular
after 10pm most probably bitcoinica liquidations start cascading (there are little bids left on MtGox for these prices - so the liquidations move the price down and cause other liquidations), price drops to 4.65
price goes back to 6.4 and then oscillates in a triangle- someone starts buying
when the triangle ends at 5.6, price breaks up and suddenly someone buys all the way to 6.95 (about 20K of BTC), forcing liquidation of many shorters in turn (https://bitcointalksearch.org/topic/and-we-have-the-manipulator-who-caused-the-crash-59980)
the price again goes down to 5.6 with huge volume and again is stopped by a buy out plus bid walls around 5.4
the price again oscilates in a down leaning triangle
It is quite evident now - that:
1. The rally from 5 to 7 was overly leveraged
2. Someone with big money is using this as an opportunity to buy a lot
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