Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33346. (Read 26497908 times)

You're saying he is holding over a million dollars in fiat, and uses that to prop up the price to unload his BTC? In order to do that he would have to have a couple million dollars on the exchange (for fiat + BTC). I somehow doubt that is the case. And seeing the same is happening on EU and GBP market I believe this can't be just one single person doing this, it has to be coordinated.

Definitely a bear signal....  If he can't raise the price enough to unload his BTC in a controlled fashion, then he'll be dumping his holdings at market!

Definitely a bear signal....  If he can't raise the price enough to unload his BTC in a controlled fashion, then he'll be dumping his holdings at market!

What's a Goomboo trader?

Unless he is tested, he might wait until the hourly EMAs cross to eat the Goomboo's traders.

People aren't falling for it anymore, at least not enough. Doubt a 15k wall would work. Not enough interest for a real rally today.

You hear that great manipulator? We want a 15k wall! Do it!

it looks like 8k isn't enough, the hammer will not work  we need more go 15k

8k on usd
8k on eur
10k on gbp

lololololol

There are a few things that I have been reticent to talk about, simply because I didn't want the general public to know the stuff that "we" know.  However, in the spirit of this thread - helping people to stop losing money - I have decided to share a little.

One of the main and widely-talked about issues is "the manipulator".  After watching time and again as individuals have "the hammer" dropped on them, I figured I might as well shed a little light on what may be happening.  There are several different strategies being used by a few individuals with "lots" of buying power, so I'll talk a little about the main strategy I see on a daily basis.

The manipulator is basically a large trader who is repetitively practicing a strategy we call "the hammer".  It's a simple strategy of deception and can lead to a "crack" in prices.  Prior to applying a systematic strategy to the BTC market, I used to trade with him and make a decent profit.

The Hammer (Long)
1.  Big trader posts large volume on the ask side
2.  Individuals see the ask and try and get in front of him by selling/shorting/lowering their offers
3.  He is simultaneously buying at the bid from the small guys
4.  As soon as selling volume dries up, he pulls his ask and enters long, causing a jump in prices
5.  He sells to the people who buy behind him, scalping a profit

How to Play the Hammer (Long)
1.  Watch the volume from the small traders that are trying to trade in front of him
2.  When the volume dries up and he pulls his ask - enter long
3.  If he doesn't follow soon with a large trade, exit your trade at a scratch or loss

There are several different variants of this strategy, but as a general rule of thumb - if you see a fake bid or ask, the markets are probably going that way soon.

This is more for informative purposes than actual trading advice.  See how subjective this is?  In my opinion, this type of trading isn't scalable and it doesn't possess long-term profitability, which is what this thread is about.  My suggestion is that you take this information as a little "FYI" and stick to a systematic and tested strategy, ignoring the games that go on in the order-book entirely.