1000 bid order is popping up desperately trying to push it up over 100.
It just doesn't stop. At face value they want it up over 100, or someone is just playing games...
It's not some conspiracy, I'm sick and tired of newbs thinking the market is heavily manipulated because it doesn't go where they themselves baselessly predicted.
Man, that isn't so nice to say. Not nice to try to group people by using words like conspiracy either - I don't see the connection.
Who said anything about a conspiracy? (which means 2 or more individuals working together - that was not implied). Conspiracy and other name-calling (e.g. tin foil wearing) unfortunately, has become a word to discredit future digging.
The larger point is the point made, which you skipped over and grouped as conspiracy, not to mention name called.
The poster brought up someone flashing a 1000 BTC buy, why not address what that could mean?
In general, people assume it's more than one person doing the manipulation, that's why I addressed it as a conspiracy. Although there's always the rich lone gunman trope that's not too far off.
Anyways, there's always walls, and many whales are not so bright. Some think they can manipulate the market, but chances are, people will try calling what they think is a bluff. Then there's the genuine whales who places large bid/ask walls in hope that they actually gets quickly filled, for better or for worse, which I think is likely the case here. But some people might think it's a bluff and sell into it.
As for whales with large orders, they think the market will go in a direction, and they want to cause a chain reaction by shifting their weight around. They aren't out to push the market up just a little then sell, they're in it for the more mid-term/long-term, unless they start to panic.
Most whales only place small orders, unless something big is happening.
Whales can't change the overall trend, unless they had millions, and timed everything perfectly, to include the correct wave counts, etc. This would likely be a great loss to them. It's better for them to go with the trend, and where the market is willing to go.
Now why didn't you just say that to begin with? I enjoy learning and appreciate your reply.
I've observed that emotion is more concerned with being right, but when you can use Grammar, Logic and Rhettoric (and maybe throw in some emotion - I'm not against it), well then you got a Triviumatic way of understanding...
So, do you see these whales as being "successful" and if so, to what end? (e.g. - a mid term move here would be quite substantial, depending on what mid term means to you. And the correction, even more so.)
Myself, I saw todays move as not really successful, at least not compared to the last big rise in price (but they had technical indicators on their side and now that isn't exactly there and I wonder about the lack of buying after "their" large buys today.)