Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29230.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: MoreFun on March 03, 2014, 04:26:25 AM

Quote from: TERA on March 03, 2014, 04:22:50 AM

Quote from: hdbuck on March 03, 2014, 04:15:58 AM

Quote from: Hen0xyd on March 03, 2014, 04:10:02 AM

Quote from: MANofthePEOPLE on March 03, 2014, 04:06:22 AM

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.

Shady as hell.
Something's up.
I doubt the whale is just messing around for fun.. Oh well, maybe not. Tongue

I've seen this behavior happen many times in 2013. It doesn't seem shady to me - just a big player accumulating a position after all the speculators have finally stopped trading. He knows people will dump into his walls because the bear market is fresh on everyone's mind and they will think the wall is 'shady', or that there are dark-orders. The question is does this one guy mean the entire market should move permanently.

This is the main question, valid point.

the market wants to move anyway, we just didn't know in which direction, we were all watching for a first move, and this guy seems to risk and take that move and the market is following, in other words no one had balls to decide and this guy has balls and decided to not wait for the downtrend and buy now.

also this is not someone moving his wall from a lower price, this is new money or money that was waiting on standby, because I see bids increasing all the way down, there is 25K BTC down to 400, yesterday there was only 20K and today is the start of the week, so it may increase even more...

Kleptoid

newbie

Activity: 35

Merit: 0

It's broken 3500 in China, looks like some panic buying happening there.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Whoever wally is, I like him. Keep moving it up

TERA

hero member

Activity: 728

Merit: 500

We should also question why is the volume so low yet the price rising. A low volume means not only that people are not buying but that people are not selling. Why are people not selling? It could be a trap, or it could a legitimate situation called lack-of-supply. See, in bitcoin, not everything happens on exchanges, and we have to speculate about what is going on off of exchanges. A lack of selling can be because some big player opened up a contract to buy coins directly from whales and miners offline. In this case, if the offline buying is large and consistent enough, it warrants a legitimate reversal. This has happened in the past due to Winklevoss, SecondMarket, Fortress, etc.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: koryu on March 03, 2014, 04:24:49 AM

i think the 3k wall is no fake but i think the same person has a sell wall at 600$, too.
And thats also what i think to happen, we will stay at 590-600 for a while. now its important how many people have shorts running and stop them, then we could break the 600.
stil there is much resistance on the way up so i expect a slow uptrend.

Then you shouldn't be posting on here.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: TERA on March 03, 2014, 04:22:50 AM

Quote from: hdbuck on March 03, 2014, 04:15:58 AM

Quote from: Hen0xyd on March 03, 2014, 04:10:02 AM

Quote from: MANofthePEOPLE on March 03, 2014, 04:06:22 AM

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.

Shady as hell.
Something's up.
I doubt the whale is just messing around for fun.. Oh well, maybe not. Tongue

I've seen this behavior happen many times in 2013. It doesn't seem shady to me - just a big player accumulating a position after all the speculators have finally stopped trading. He knows people will dump into his walls because the bear market is fresh on everyone's mind and they will think the wall is 'shady', or that there are dark-orders. The question is does this one guy mean the entire market should move permanently.

This is the main question, valid point.

MANofthePEOPLE

full member

Activity: 182

Merit: 100

I'm curious what would happen if he removes his wall? Probably fear and dump. He is the reason we are at 593 after all

koryu

hero member

Activity: 681

Merit: 507

Quote from: TERA on March 03, 2014, 04:10:49 AM

Quote from: koryu on March 03, 2014, 03:53:11 AM

i expected that we will break the downtrend today

but do you think its a trap or its really going up from now?

There's a definite possibility of a trap, but I'm not sure. That's why I'm in a 50% position.

Things for a reversal:
-We have broken the 1 month downtrend (on a linear chart).
-MACD is up.
-There are impressive walls on bitstamp.
-The length in time of the bear market is consistent with previous ones in 2012 and 2013.

Things against a reversal:
-The stoch RSI is/was too high.
-Low volume.
-We are not trending on the log support trendline but significantly above it still.
-The 610-660 area is cluttered with resistances on the 3 day and 1 week chart and there is no room for a significant upsurge here.
-If you look on a look at a logarithmic chart, we have actually not yet broken the 1 month downtrend.

i think the 3k wall is no fake but i think the same person has a sell wall at 600$, too.
And thats also what i think to happen, we will stay at 590-600 for a while. now its important how many people have shorts running and stop them, then we could break the 600.
stil there is much resistance on the way up so i expect a slow uptrend.

/edit: amazing would be if he really has some ask walls and remove them as soon as the price goes up.

TERA

hero member

Activity: 728

Merit: 500

Quote from: hdbuck on March 03, 2014, 04:15:58 AM

Quote from: Hen0xyd on March 03, 2014, 04:10:02 AM

Quote from: MANofthePEOPLE on March 03, 2014, 04:06:22 AM

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.

Shady as hell.
Something's up.
I doubt the whale is just messing around for fun.. Oh well, maybe not. Tongue

I've seen this behavior happen many times in 2013. It doesn't seem shady to me - just a big player accumulating a position after all the speculators have finally stopped trading. He knows people will dump into his walls because the bear market is fresh on everyone's mind and they will think the wall is 'shady', or that there are dark-orders. The question is does this one guy mean the entire market should move permanently.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Hen0xyd on March 03, 2014, 04:10:02 AM

Quote from: MANofthePEOPLE on March 03, 2014, 04:06:22 AM

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.

Shady as hell.
Something's up.
I doubt the whale is just messing around for fun.. Oh well, maybe not. Tongue

TERA

hero member

Activity: 728

Merit: 500

Quote from: koryu on March 03, 2014, 03:53:11 AM

i expected that we will break the downtrend today

but do you think its a trap or its really going up from now?

There's a definite possibility of a trap, but I'm not sure. That's why I'm in a 50% position.

Things for a reversal:
-We have broken the 1 month downtrend (on a linear chart).
-MACD is up.
-There are impressive walls on bitstamp.
-The length in time of the bear market is consistent with previous ones in 2012 and 2013.

Things against a reversal:
-The stoch RSI is/was too high.
-Low volume.
-We are not trending on the log support trendline but significantly above it still.
-The 610-660 area is cluttered with resistances on the 3 day and 1 week chart and there is no room for a significant upsurge here.
-If you look on a look at a logarithmic chart, we have actually not yet broken the 1 month downtrend.

Hen0xyd

member

Activity: 87

Merit: 10

Quote from: MANofthePEOPLE on March 03, 2014, 04:06:22 AM

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.

yrtrnc

hero member

Activity: 605

Merit: 500

In cinemas now!

WAR OF THE WALLS

MANofthePEOPLE

full member

Activity: 182

Merit: 100

Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: windjc on March 03, 2014, 03:45:04 AM

Well, I am probably the least conspiratorial minded bitcoiner in the universe. But there is absolutely zero way that Karpeles is not lying. There is no way MtGox "lost" that much coin. No way, no how.

I assume this man is going to jail. Unless there is some inexplicable explanation that he just hasn't or can't tell us yet, then he has lied and lied and lied and lied and lied over and over and over again.

I think Mark is living and has been living in a state of denial. I do not think he is even being honest with himself. He is living a life of lies at the moment. I think its going to be a long ugly road from here to the truth.

You have to admit, what ever happened, it is impressive that he got 100k's of people to hand over billions of dollars worth of assets to him. My hat's off to you Mark, well done.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: EuroTrash on March 03, 2014, 03:54:15 AM

Quote from: Rampion on March 03, 2014, 03:27:56 AM

According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.

My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.

I wonder where sturle is hiding his face now. I remember him incessantly defending Gox in the Service Discussion threads throughout 2013.

he is hiding behind shame...

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: TERA on March 03, 2014, 03:51:33 AM

Today I increased my position from 35% to 50%. I will increase it again when 666 breaks.

this time if I buy back I will take a break from trading for few months

I find it to be the best move when things doesn't work like you've planned, take a break and come back with new energy to not fuck up the profits you achieved Wink

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: Rampion on March 03, 2014, 03:27:56 AM

According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.

My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.

I wonder where sturle is hiding his face now. I remember him incessantly defending Gox in the Service Discussion threads throughout 2013.

koryu

hero member

Activity: 681

Merit: 507

i expected that we will break the downtrend today

but do you think its a trap or its really going up from now?

TERA

hero member

Activity: 728

Merit: 500

Today I increased my position from 35% to 50%. I will increase it again when 666 breaks.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29230. (Read 26732038 times)