Huge market sells = manipulation, huge market buys = legit rally mode.
High volume pushing price down = so many coins to push the price 5,00$ down, that's bullish!
High volume pumping the price up = such demand, that's bullish!
Furthermore there only exists accumulation, have you ever seen any distribution with Bitcoin?!
*sigh*
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21721. (Read 26609814 times)
May 14, 2015, 03:48:21 AM
May 14, 2015, 03:43:37 AM
A large trader market selling 8000 coins into the bids isn't a crash, it is a large trader selling 8000 coins without care for what price they obtain, purely to push the price lower by temporarily outstripping natural supply and demand.
They didn't get what they wanted - a cascading waterfall of sell offs - nor lots of shorting to help piggyback the price lower.
If we move up from here back to 240 then that is bullish. If the price is forced lower then the bulls will continue to accumulate. The lower the price is forced the heavier that accumulation will be. I would have expected the price to break higher yesterday but it was well managed by the invisible hand, despite increased longs and closing shorts the price didn't move higher, effectively capped while the massive short position was gradually whittled down. A big buy today or tomorrow could make things interesting once again.
They didn't get what they wanted - a cascading waterfall of sell offs - nor lots of shorting to help piggyback the price lower.
If we move up from here back to 240 then that is bullish. If the price is forced lower then the bulls will continue to accumulate. The lower the price is forced the heavier that accumulation will be. I would have expected the price to break higher yesterday but it was well managed by the invisible hand, despite increased longs and closing shorts the price didn't move higher, effectively capped while the massive short position was gradually whittled down. A big buy today or tomorrow could make things interesting once again.
Yes, I was being overly dramatic for our newfriend.
25 April had similar action, but near $20 lower. I'm not all gloomy, if you're going to buy, better do it after one of these.
May 14, 2015, 03:37:48 AM
how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex. If that many coins were bought, price would be 300+ .
Hello friend.
Here is crash.
Still bored errybody?
As you see it is not 14k coins. Total volume is total volume, and market dumps are market dumps.
Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen.
A large trader market selling 8000 coins into the bids isn't a crash, it is a large trader selling 8000 coins without care for what price they obtain, purely to push the price lower by temporarily outstripping natural supply and demand.
They didn't get what they wanted - a cascading waterfall of sell offs - nor lots of shorting to help piggyback the price lower.
If we move up from here back to 240 then that is bullish. If the price is forced lower then the bulls will continue to accumulate. The lower the price is forced the heavier that accumulation will be. I would have expected the price to break higher yesterday but it was well managed by the invisible hand, despite increased longs and closing shorts the price didn't move higher, effectively capped while the massive short position was gradually whittled down. A big buy today or tomorrow could make things interesting once again.
May 14, 2015, 03:31:34 AM
I sense an opportunity to buy 
I see an opportunity to panic sell lower later
May 14, 2015, 03:18:45 AM
how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex. If that many coins were bought, price would be 300+ .
Hello friend.
Here is crash.
Still bored errybody?
As you see it is not 14k coins. Total volume is total volume, and market dumps are market dumps.
Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen.
May 14, 2015, 03:14:09 AM
I sense an opportunity to buy
May 14, 2015, 03:12:34 AM
how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex. If that many coins were bought, price would be 300+ .
Hmm true, but the lack of volume and buys after the drop is a bit surprising for me. Definitely aligns with the theory of few whales cornering the market
May 14, 2015, 03:11:51 AM
We only dropped 10 USD in 24 hours then?
It's not that significant a drop for the excitement & party atmosphere created in this thread by the bears yesterday.
234/235 acting as some kind of resistence in all this.
Pretty poor effort by the bears really considering so many coins were dumped.
I expect us to rise to 250 by the weekend.
Nice try bears, we go again!!!!!
Good chance to pick up some fairly cheap coins bulls.
It's not that significant a drop for the excitement & party atmosphere created in this thread by the bears yesterday.
234/235 acting as some kind of resistence in all this.
Pretty poor effort by the bears really considering so many coins were dumped.
I expect us to rise to 250 by the weekend.
Nice try bears, we go again!!!!!
Good chance to pick up some fairly cheap coins bulls.
Just got 6k back from the inland revenue unexpectedly. Lets see where the price is when the cheque clears.
May 14, 2015, 03:08:46 AM
We only dropped 10 USD in 24 hours then?
It's not that significant a drop for the excitement & party atmosphere created in this thread by the bears yesterday.
234/235 acting as some kind of resistence in all this.
Pretty poor effort by the bears really considering so many coins were dumped.
I expect us to rise to 250 by the weekend.
Nice try bears, we go again!!!!!
Good chance to pick up some fairly cheap coins bulls.
It's not that significant a drop for the excitement & party atmosphere created in this thread by the bears yesterday.
234/235 acting as some kind of resistence in all this.
Pretty poor effort by the bears really considering so many coins were dumped.
I expect us to rise to 250 by the weekend.
Nice try bears, we go again!!!!!
Good chance to pick up some fairly cheap coins bulls.
May 14, 2015, 03:06:31 AM
WoW 
quite a wild drop, unfortunately for me it was a middle of a night 
quite a wild drop, unfortunately for me it was a middle of a night Don't worry, there will be plenty of chances to catch the next ones.
itod I tah a puddy tath
May 14, 2015, 03:01:52 AM
WoW quite a wild drop, unfortunately for me it was a middle of a night
quite a wild drop, unfortunately for me it was a middle of a night Don't worry, there will be plenty of chances to catch the next ones.
bear detected?
May 14, 2015, 02:57:50 AM
May 14, 2015, 02:29:06 AM
WoW quite a wild drop, unfortunately for me it was a middle of a night
quite a wild drop, unfortunately for me it was a middle of a night Don't worry, there will be plenty of chances to catch the next ones.
May 14, 2015, 02:27:46 AM
WoW quite a wild drop, unfortunately for me it was a middle of a night
quite a wild drop, unfortunately for me it was a middle of a night May 14, 2015, 02:11:09 AM
how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex. If that many coins were bought, price would be 300+ .
May 14, 2015, 02:03:15 AM
how many coins have been dumped at bfx?
May 14, 2015, 01:57:47 AM
May 14, 2015, 01:51:07 AM
lol, couple pages back (5 or 6, after the drop), some noob accounts came in here yelling "ponzi". wtf is this? 2011?
Nope, 2015, about 18 months into the unwinding of the Karp/chiner gambler bubble. You haven't met lambie before?? 
May 14, 2015, 01:39:31 AM
can we have some good move please?
even the trolls are silent.
even the trolls are silent.
May 14, 2015, 01:18:32 AM
lol, couple pages back (5 or 6, after the drop), some noob accounts came in here yelling "ponzi". wtf is this? 2011?
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