Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21547. (Read 26619939 times)

We mock ourselves about high vol. dumps... nonsense! THAT'S what I call a dump!



http://www.zerohedge.com/news/2015-06-11/who-just-dumped-over-100-million-aapl

15k coins to $200... haven't seen that in awhile.

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Explanation

Neither do I exactly, but the name 'hidden' kind of gives it away!

Not sure how this is any different from hidden orders on BFX and Iceberg orders on OKC TBH, unless they never actually hit the tape
There will always be this type of order on exchanges - whales will demand it, and with good reason. Else they are just gonna get front-run all the time.
The issue of whether exchanges use this info for their own advantage, well, I think we know the answer to that ... 'yes, to the degree that they think they can get away with it', same as banks do with institutional players.
So it comes down to a balance between how much info a big player wants to give an exchange rather than using their own software to connect to the exchange and manage the orders via the API, which has its own downside in a fast market.

IMO, it's naive to believe exchanges don't use the info they are privy to, no matter how much they protest that they don't. It's simply too valuable and they will be influenced simply by seeing it.

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Explanation

What concerns me about dark pools is that someone at the exchange has access to the hidden orders and nothing can stop them from using that information on other exchanges.

So it is not short selling by definition, as short selling implies you do not have the bitcoins to start with.

The overall trend will discount everything else so if the bull starts sooner rather than later, like late summer/fall, it wouldn't likely effect the price much. The smart money will begin selling thier tranches as the public mania gets underway and the price starts moving parabolic on larger timeframes, providing them with opportunity to unload large volumes. This is where the auctioned coins will likely be stealthily sold.

The auctions have a track record of going straight into strong hands and nary a blip before or afterwards for the latter ones. They're important but not very market moving.

did the Marshall's  do the final auction. i have hard time believing this is going anywhere before that final auction.

There's definitely something brewing. Somebody of deep-pocketed fame has been keeping a lid on the price for weeks now amid this low volume chop. Who knows why or what for, possibly to buy off-market. Maybe the Winkle twins have moonworthy news and these guys want to start pumping at a lower price, who knows. The buying has been picking up to challenge this, making me wonder what the insiders know.

Technically speaking the market has been grinding along, forming a bottom. I see a nice double bottom and RSI bullish divergence on the 3d and weekly charts--signals to take seriously on these long timeframes.

You normally see this low volume behavior as the bear market grinds to a halt. Psychologically there is still a lot of bearishness and even respected market gurus are calling for more down. In reality the selling is all but gone and most of the stock is held by strong hands, not intent on selling at these low prices. You see an unwillingness of sellers to participate. At the same time buyers are not interested much in the stock and the few that are, are fine with waiting patiently for the market to come to them. So the price seems to inexplicably firm up amid a dull period.

What I've been looking for is an eventual rally out of this area as the market is not able to provide any more cheap coins. That's the real test for the accumulators that must be passed, and they must agree. The price would then run promptly to the top of the trading range on big volume, giving all the bystanders a reason to get in. A rally this far into the trading range where supply has been successfully tested for so many times has the power to reverse the bear market.

If the Winkles have good news, HODL ON to those hats!

eventually.. the chinese are bound to panic again before that tho .

What a guy.

https://mobile.twitter.com/maxkeiser/status/608999235149692929
If he really convinced them, thank you Mr. Keiser!

"May soon" -  "Expected" - "Very likely"

If true bullish indeed but call me skeptical. Let me know when it's actually HAPPENING.

wow this is bullish as fuck.

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Explanation

Exactly, so the whole network is lucky. It happens sometimes. Don't know why. Maybe some brainy people can chime in.

If we don´t die of boredom before, we´ll be filthy rich.