This is new... someones f***ing with us.

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: bittenbob on February 21, 2012, 10:21:45 PM

This just means there was no bid between that wall and the bottom of that slope. I have seen it all the time. As for the wall fucking with us I am reminded of the walls at 5.20 and 5.25. Someone is having fun fucking with the community. We need to learn not to panic and do the opposite of what they expect, instead of being herded like sheep to the slaughter

Man im so used to this shenanigans that Im almost f*cking brain dead to it...

Hunterbunter

hero member

Activity: 994

Merit: 1000

Quote from: RyNinDaCleM on February 21, 2012, 11:00:19 PM

Quote from: Hunterbunter on February 21, 2012, 10:28:33 PM

lol its all over

EDIT: they weren't fucking with people imo...just changing a leveraged position.

Do you think Bitcoinica could internally match a change in mind of this traders magnitude? Seems to me there would be a lot more visible orders being executed in 50BTC chunks then we saw.

If I misunderstand bitcoinica (and they do actually trade on Gox depending on their user's positions), then what you says makes sense. The other alternative is slightly deleveraging to reduce the exposure to a move. If a person of that power is holding the market down in anticipation of a leveraged downward move, it would make sense to be jumpy / want to protect their position.

oh look the wall is back

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: Hunterbunter on February 21, 2012, 10:28:33 PM

lol its all over

EDIT: they weren't fucking with people imo...just changing a leveraged position.

Do you think Bitcoinica could internally match a change in mind of this traders magnitude? Seems to me there would be a lot more visible orders being executed in 50BTC chunks then we saw.

bittenbob

hero member

Activity: 560

Merit: 500

Quote from: mb300sd on February 21, 2012, 10:39:39 PM

I thought it was more readable before.. makes sense to do it in steps since thats exactly where the order is.

Either way, rally stopped in its tracks Angry

Nope, the attempt to push the price down was stopped in its tracks. The 17.3k BTC wall is gone. This means we can continue a rally upwards now.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

I thought it was more readable before.. makes sense to do it in steps since thats exactly where the order is.

Either way, rally stopped in its tracks Angry

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: Zotia on February 21, 2012, 10:30:07 PM

Quote from: mb300sd on February 21, 2012, 10:20:16 PM

I always thought it drew it in steps, every other wall I've ever seen has been vertical

Normally, when a wall is placed, people put bids/asks near it so people will buy/sell to them before buying/selling into the wall.

Having a small order and a large order right next to each other like this makes it appear vertical.

Goxlive used to draw in all steps. I think they changed it for readability.

Zotia

hero member

Activity: 686

Merit: 501

TokenUnion-Get Rewarded for Holding Crypto

Quote from: mb300sd on February 21, 2012, 10:20:16 PM

I always thought it drew it in steps, every other wall I've ever seen has been vertical

Normally, when a wall is placed, people put bids/asks near it so people will buy/sell to them before buying/selling into the wall.

Having a small order and a large order right next to each other like this makes it appear vertical.

Hunterbunter

hero member

Activity: 994

Merit: 1000

lol its all over

EDIT: they weren't fucking with people imo...just changing a leveraged position.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: RyNinDaCleM on February 21, 2012, 10:20:51 PM

If you notice too, every so often he makes it known that there are another 17k to back it up if someone feels froggy.

I did notice that! What looked at first glance like a glitch is really ingenious

dopamine

hero member

Activity: 486

Merit: 500

at least the seller is giving you the chance to buy because he or she or them seem to lowering there ask price 4.20 breaks will break the trading range we are in...

bittenbob

hero member

Activity: 560

Merit: 500

This just means there was no bid between that wall and the bottom of that slope. I have seen it all the time. As for the wall fucking with us I am reminded of the walls at 5.20 and 5.25. Someone is having fun fucking with the community. We need to learn not to panic and do the opposite of what they expect, instead of being herded like sheep to the slaughter

the joint

legendary

Activity: 1834

Merit: 1020

Buy! Tear the house down.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

If you notice too, every so often he makes it known that there are another 17k to back it up if someone feels froggy.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

I always thought it drew it in steps, every other wall I've ever seen has been vertical

Zotia

hero member

Activity: 686

Merit: 501

TokenUnion-Get Rewarded for Holding Crypto

Quote from: mb300sd on February 21, 2012, 10:12:39 PM

Perfectly sloped ask line.. someone placed a bunch of asks at exact intervals..

No. MtGoxLive draws lines, not bars. There are no orders between the "left side of the slope" and the "right side of the slope". On the "left side of the slope", there is a small order (not large enough to be seen on the graph). On the "right side of the slope", there is a 17k bidwall. MtGoxLive just drew a line between those two points.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Nope! Just a basic manipulation.

Or he's trying to sell out and figures "if they're buying, they can buy from me"
I believe he is also the owner of the ask side steps from $4.44-$4.54.

Quote from: pirateat40 on February 21, 2012, 10:13:54 PM

I tell you, you just can't win in this game.

Now do you believe?