Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32918. (Read 26610996 times)

looks to me like those whales have pushed the price up around 3% the last 24 hours, I wouldnt call that a failure

I picked up a few coins today, sort of as insurance in case we run but also as I just hate not having any Bitcoins, yes, outside of 1 Casascius, I didn't have any! Sitting in pure fiat was too much for me. It is a pretty conflicting state to be in, loving BTC but not liking the current market/price/etc. All or nothing is probably not the smartest anyway. Enough self justification? 

That said, what I noticed today was some VERY big buyers being unable to manipulate the price any higher. I say manipulate as the slippage was just too much. They were bad businessmen (unless they get a rally started). Probably the same "bad buyer" that stopped a crash below 100 on a Sunday weeks ago. Probably the same guys buying all the way up recently. It really looks like resistance at 100 and a little bit beyond is just too much.

On the one hand (me being a HUGE BTC BULL) it was funny to hear crickets after that 5000+ BTC order went through. It felt good to be calm. I thought "It just isn't working anymore. How are they going to unload? How deep are there pockets?"
On the other hand, you never know when the public at large buys into the rally. From sentiment on the TA boards/threads, it seems like people want to see us hold over 100 and perhaps even get past 107 or the like. Well, that is going to take a lot more buying than we saw today.

And remember, for all those whale buyers we've seen lately, don't forget those whale sellers from before the recent rally.

Because the bears are trying to make a profit, but this guy tosses them out of the fucking park:

Yep.  Most of the newbies have been spooked out already, and this ain't shit for us old hats.

What the heck, look at these examples given:

Bear toss

noun: a new market term that describes an argument or action that directly affects the market price positively.

A successful bear toss this morning by a new ASIC developer brought bitcoin's market price up 20%.

Before leaving Wikileaks, Julian Assange made a failed attempt at a bear toss by claiming that the US government was supporting bitcoin.

I don't get the term "bear toss" though, as it should be "bull toss" but perhaps they missed...

Not yet, young Padawan.

Up.

hmmmmm....still waiting on $105....

Maybe a few more whale market orders :p

Alternatively, you can't see the wood for the trees.

By zooming out, you lose clarity. Just like letters can fog up and look like other letters when looked at from a distance. Bistamp isn't budging, hidden divergence set up, too many people in fiat, minimal selling force.

I think you need to zoom out a bit!

All I see is a 2nd failed attempt to climb over $100 within the last week.

This. In 2011 the monetary inflation was 50%. In 2013 it's only 12.5%.

No, I am just a daddy 

...or u r the whale and are building up trust in order to further manipulate....

just realised I need to never read anything in this thread again.

Time wasting.....horrible sexual analogies......ugh

Glad you managed to notice Daddy Loozik is ALWAYS right 

I wonder why is that so 

I maybe wrong, but I don't think Mrs Market works based on wishful thinking of a plankton trader.

And certainly beautiful Ms Whale will not be sending you any money