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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 592. (Read 1811613 times)

hero member
Activity: 784
Merit: 1000
No facts to back this up this is purely a guess on my part. I know I am going to hear a lot of shit about this post, but this is what my gut tells me.
A hand full of people are pushing the market up slowly to make it more believable.

 

Not unlikely, we even have probably one of these guys in this thread!
hero member
Activity: 602
Merit: 500
No facts to back this up this is purely a guess on my part. I know I am going to hear a lot of shit about this post, but this is what my gut tells me. A hand full of people are pushing the market up slowly to make it more believable.

I too get the feeling that there are somewhat larger players also pushing the market up, not just down. Since currently the bulls are in the majority here, we're all paying way more attention to the ask walls. But there are constantly these 1000 sized support walls, below, which are moved up slowly. Whenever there is a market dip action, they get pulled away very quickly, just to reappear below once the ripples have ceased.

Now, this could be a group of people trying to push the market up, thereby competing with a group of bears.
But it could as well be someone trying to take some constant profit from the bounces. Placing walls above and below can be a comparatively risk-less short-time strategy, when not wanting to go either side exclusively. Just need to assure you pull the walls quickly whenever any kind of stronger market action arises. You could even plant the walls just as guide and place your real offers of smaller size in between.
(ok, there remains the risk that someone similarly capable just swallows one of your walls all at once)
hero member
Activity: 509
Merit: 564
"In Us We Trust"
No facts to back this up this is purely a guess on my part. I know I am going to hear a lot of shit about this post, but this is what my gut tells me.
A hand full of people are pushing the market up slowly to make it more believable.

 

Well, the moments where the price drops are the moments which I am happiest buying Bitcoins. I agree that certain people are also buying, driving the price up. I don't know who these people are either, but I also don't care. Naturally, we would expect this to happen, and I am  happy that there are people like me. I can not blame them for buying, I do it myself. Smiley

conspiracy or not, I don't care. I believe anyway Smiley that's the whole point. That's why were here. Bitcoin was designed so that we can believe, regardless of popularity :-)
legendary
Activity: 966
Merit: 1000
No facts to back this up this is purely a guess on my part. I know I am going to hear a lot of shit about this post, but this is what my gut tells me.
A hand full of people are pushing the market up slowly to make it more believable.

 
hero member
Activity: 648
Merit: 500
With the 18k btc drop failing to do anything to the price we are clearly in a situation where very few Bitcoin holders are capable of "turning the tide" even if they wanted to. The masses and clearly some big players are on the move to buy, and it needs big, trend changing events, to truly turn the tide. We're still going up.

I agree it failed to initiate a panic and that's a very good sign. However you don't know what would've happened without the smackdown... it's possible we'd have gone to 35, 40 quickly. Maybe the intention was not to induce panic, but to avoid the bulls getting too hyped up. If so, it worked.

This. Had the bid wall lasted after hitting the ATH I think we would have seen some serious buying in the hours after. The selloff, while not dropping the price, effectively threw cold water on the rally.


As for the wall at 33.60, could it have been someone testing the market? I'm not as knowledgeable of these things than the "wiser" Wink ones here, but it seems to me a lot of data could be gleaned from placing a solid wall and watching the reaction.
legendary
Activity: 1615
Merit: 1000
I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.



Something seems funny, probably with Clark Moody's charts... Apart from the weird 10,000 BTC wall popping in and out on the ask side, the sums of the bids and asks seem to be about half what they are on mtgoxlive. For example, currently mtgoxlive is showing almost 10,000 BTC to 35 USD/btc, while moody shows about 5,000...
hero member
Activity: 826
Merit: 500
Crypto Somnium
legendary
Activity: 1754
Merit: 1007
this is bears which try to change direction. But bitcoin want to go up)))
legendary
Activity: 1025
Merit: 1000
I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.


I've noticed it too. Earlier there was another 10k wall and it got eaten. I wonder if this one is being put there briefly to try to fool the bots, but not long enough to get eaten again.
legendary
Activity: 2097
Merit: 1070
I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.

The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.
donator
Activity: 2772
Merit: 1019
With the 18k btc drop failing to do anything to the price we are clearly in a situation where very few Bitcoin holders are capable of "turning the tide" even if they wanted to. The masses and clearly some big players are on the move to buy, and it needs big, trend changing events, to truly turn the tide. We're still going up.

I agree it failed to initiate a panic and that's a very good sign. However you don't know what would've happened without the smackdown... it's possible we'd have gone to 35, 40 quickly. Maybe the intention was not to induce panic, but to avoid the bulls getting too hyped up. If so, it worked.
420
hero member
Activity: 756
Merit: 500
some may be failing to notice that a 10% change in price at $10 was $10->9 and now a 10% change in price would be $34->$30.6

Edit: did I have a point...oops
hero member
Activity: 784
Merit: 1000
Well, anyway, weekend dip or weekend rise, a bit of fun is always fitting for a weekend. Cheesy
hero member
Activity: 669
Merit: 500
This market is maturing and crap like that is not flying anymore.
sr. member
Activity: 358
Merit: 250
lol well that was fun, someone just sold a ton of coins cheap lol.
legendary
Activity: 840
Merit: 1000
I think we can offically call it "the fall of yet another manipulator wannabe". Wink

Hilarious! Exactly! Hahaha. Someone trying to induce weekend dip panic. Or someone really betting wrong on the weekend dip... though it could still happen.
hero member
Activity: 669
Merit: 500
It was not a bot, just a very stupid person.
420
hero member
Activity: 756
Merit: 500
I think we can offically call it "the fall of yet another manipulator wannabe". Wink

I don't think so. Was just an actual seller. He had plenty of opportunity to pull his wall manually if he wanted.

Consider that we had seen someone owning 15K BTC yet have to ask people on chatboard about how to sell them properly....

keep quoting it please give us the link to the chat page
hero member
Activity: 784
Merit: 1000
I think we can offically call it "the fall of yet another manipulator wannabe". Wink

I don't think so. Was just an actual seller. He had plenty of opportunity to pull his wall manually if he wanted.

Consider that we had seen someone owning 15K BTC yet have to ask people on chatboard about how to sell them properly....
full member
Activity: 215
Merit: 100
Only question now is at what price will there be another shot at price manipulation and will that result in a crash or not?
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