Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33976. (Read 26723460 times)

Lol thats the best gif.

Wall at $120 growing.

70 seems ambitious

yeah, that sure seemed like heavy-handed manipulation -- the wall disappeared moments after we broke $120 to see a short selloff (M's coins?).

the funny thing, though, is that it completed the bearish wedge shape... it makes me wonder about the relationship between large players and standard methods of TA.

How exactly do you earn $2 million then!? Tell me  

I was selling yesterday like a baby elephant. Did not want to tell it in the thread (since it was a kind of live training for me and Roni) but it was about 67% my fault that we dropped from 119 to 108. Some of you saw the 1,000BTC wall scaring the shit away from prospective buyers. It was mine. I thought it would drop anyway, and the time was ripe for some playing around.

I could drive the price 10% down without selling more than 1,000BTC. This confirmed to me that it was overextended to the upside, just waiting for pricking. Then I tried to pressure it further down towards my target of 105, since the support in my theory lies below that magic number. I did not think we would revisit 100 again, and if we did, we would just briefly dip to about 95, and leave the territory for good.

That was a mistake. After 12% drop the bowl was tilted and a recoil was in order. If I had been playing with BTC300-500, I would have got out at average 116, enabling a buyback at 108-109. Now I was "too big to succeed" and thought that it would certainly go to 105 just because of my wish. I spent 1,000BTC in trying to cross 107 second time, which was needless waste of ammunition with a gain that would not have been monetary anyway (buying back at 105.14 with a 2,000BTC wall would have been a near wash - I never aim to gain 1-2%, that is way too risky with bitcoin. 10-20% suits me much better).

Then I wrote that I was "done buying". Since the bid was there, and I was sure that there would be a person in the U.S., after waking up Sunday morning, seeing that coin is down, but he can still sell for a profit, would sell the 5,000BTC. So technically I was done buying, although the bid was not fulfilled yet. I also thought I would act as a double-contrarian indicator, profiting from telling about doing contrary to what I do.

Then some bloke I am not affiliated with, decided to buy 2,000BTC with market order and everything went sour.   Now I have set up a very fancy algorithmic buyback schedule, which either allows me to buy back at a profit (possible even 6 more days if the price goes south), a loss (if it doesn't do it in 6 days), or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Sometimes you need to spend money to make a point. This time I earnestly hope to be able to buyback (I will divulge the strategy when I am done), but even if not, I can suffer the $300k bitcoins like a man. After all some people will actually commend me for the prediction and thank me for their fortune, and the haters are not welcome to my conference anyway and ignored in this forum.

Disclaimer: The "me" means me, personally, when referring to the initiator of trades, and Eesti Investeerimishobe OÜ, est. 2009, Tallinn when referring to the owner of the bitcoins traded. In Estonia, bitcoin trade is tax free. The company is 100% owned by my family.

That's what I think. But I'm probably biased because I'm shorting right now. 

Thats right, you can't set a buy order, then buy at market, then take down your buy order anymore unless you have the funds to cover it. My bad!

He probably had a lot of coin in the 120 range he wanted to sell, and forced the price into it?

haha aren't triangles awesome?

wall's gone though... PANIC?

the daily wedge is complete....

He's gone! God has forsaken us!

But the wall didn't diminish in that time.

I bet he got tired of waiting on a bear to come along, but they are either scared or hibernating, so he was the person behind the recent rise from 116 to 122, which was about the same amount of BTC the wall was. I guess a quick check of the depth would sort of confirm this.

And now...  




Stamp is date and time in unix time with with microsecond precision of the last change.

I was just thinking it was time to track down that launch picture directory...

There's actually a lot more depth above $90 than before (50k BTC out of 0 a few days ago).  We're fine.

This is the entry at 110:
{"price":110,"amount":15071.34118868,"price_int":"11000000","amount_int":"1507134118868","stamp":"1367807143242382"}

I'm not sure what the stamp is but as this is the only 110 entry, I'm thinking that this is probably an amalgamation of several orders. (I thought that that there was a stamp probably meant that there was one entry per order but I now think that's not the case).

wall gone

I agree it is hard to say what exactly is happening with the wall but manipulation fits occam's razor for me.

MANIPULATION?! On Bitcoin?! You must be crazy!  

I'm not sure but I think the depth data might possibly show separate orders as separate entities.

The bears aren't extinct yet. I'm not convinced we don't dip again until 125.

Made a nice +30btc this time, after losing -10btc when it crashed down to 50's.