A fat bid wall keeps appearing, 590 @ 2750 BTC right now.
Someone with a lot of BTC seems to trying to create a push
Topic: Whats goin on with Bitstamp right now?! - page 3. (Read 4919 times)
it's a fact.... you cannot raise a buy wall of 3k coins without risking that another whale gobbles it up in one go. such a risk is counter intuitive considering 'fake' walls are a contrary indicator.
Most likely, this is a Bitcoin mega-whale, using his spending power to give Bitcoin the push that it needs.
The PSAR on the 4hr chart, a major and widely used indicator of whether to place net short or net long positions, has been pushed over into long territory. The 3K BTC is now also sitting firmly in the way of any selling pressure that may push Bitcoin back down below the $580 support, and below the long term resistance line.
I never believed in lower lows than $400, I did think with the level of overall negativity still in the market that we would need to revisit lower lows than $535, but it looks like there are forces at work very much intent on making a 530-400-535 inverse head n shoulders bottom.
Keeping my eyes peeled on that motherfucking 3K bid wall until we are well over 600.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
Indeed, Im was in far too good company of bears today on BTCe, those buy walla appeared one after the other... I dont believe in fake walls....this is a critical point..... Im warming up to the prospect of 'to da moon!'
I do believe in fake walls because I have seen them and been stung by them many times.
If this whale wants 3K Bitcoins at sub $600 prices, he is going the wrong way about it.......it is a manipulative bid....whether it is a benevolent or malevolent manipulation bid remains to be seen.
I just took a $500 USD hit on my short and am now long, chasing the momentum caused by 3K wall just like everyone else.
We well see how this transpires......keeping my eyes peeled on that mother fucker and his 3K stamp bid very closely.
it's a fact.... you cannot raise a buy wall of 3k coins without risking that another whale gobbles it up in one go. such a risk is counter intuitive considering 'fake' walls are a contrary indicator.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
Indeed, Im was in far too good company of bears today on BTCe, those buy walla appeared one after the other... I dont believe in fake walls....this is a critical point..... Im warming up to the prospect of 'to da moon!'
I do believe in fake walls because I have seen them and been stung by them many times.
If this whale wants 3K Bitcoins at sub $600 prices, he is going the wrong way about it.......it is a manipulative bid....whether it is a benevolent or malevolent manipulation bid remains to be seen.
I just took a $500 USD hit on my short and am now long, chasing the momentum caused by 3K wall just like everyone else.
We well see how this transpires......keeping my eyes peeled on that mother fucker and his 3K stamp bid very closely.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
Indeed, Im was in far too good company of bears today on BTCe, those buy walla appeared one after the other... I dont believe in fake walls....this is a critical point..... Im warming up to the prospect of 'to da moon!'
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
I am long....
but nervously long.
as soon as that 3K bid gets pulled, I am out.
EDIT: If he wants coins, he is not being very clever about it. What is someone who is not very clever doing in charge of a spare 3 million USD liquidity?
He wants the price to go higher, but why?
To sell later at higher price!
Might be a much higher price though.
All indicators are now pointing towards net long position, thanks to the whale pushing market up over resistance line. Bot traders are now going to be going net long, TA 101 subscribing human traders will now look at charts and decide net long.
Having been squeezed out my short position, I am now long.......but very nervous about being long.
Either this 3K whale is some retard who is going to end up paying way more for his 3K Bitcoin than he would otherwise need to (I don't beleive this) or he is some Chinese cyber-bandit, giggling behind his monitor as he pushes market higher and higher, safe in the knowledge that he is going to take a big dump (I am more inclined to believe this).
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
I am long....
but nervously long.
as soon as that 3K bid gets pulled, I am out.
EDIT: If he wants coins, he is not being very clever about it. What is someone who is not very clever doing in charge of a spare 3 million USD liquidity?
He wants the price to go higher, but why?
I think we are going higher. This market has been completely and utterly oversold. Its been 6 straight down weeks. That is really insane. 6 down weeks in a row. And this week is just barely green. Barely. So far.
So if we don't bounce after Gox finally going away then that's pretty damn bearish.
I think we go to the 700's and then down to the 300 EMA in the next couple of months. Then this bear market will actually be over.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
I am long....
but nervously long.
as soon as that 3K bid gets pulled, I am out.
EDIT: If he wants coins, he is not being very clever about it. What is someone who is not very clever doing in charge of a spare 3 million USD liquidity?
He wants the price to go higher, but why?
To sell later at higher price!
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
I am long....
but nervously long.
as soon as that 3K bid gets pulled, I am out.
EDIT: If he wants coins, he is not being very clever about it. What is someone who is not very clever doing in charge of a spare 3 million USD liquidity?
He wants the price to go higher, but why?
It's almost Gox o'clock. Surely someone has 5k coins to market sell?
We will see
I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall.
It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see.
I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit.
I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
We will see when the price gets to 599
Maybe a naive question but since I don't see anyone reflecting this point of view*:
Why not fundamentals? Russia starting shit -> stocks down, rubble down, gold up, Bitcoin up.
*beaten by a micro-second by Asrael! you b!
Hate trashing two lines of typing.
Why not fundamentals? Russia starting shit -> stocks down, rubble down, gold up, Bitcoin up.
*beaten by a micro-second by Asrael! you b!
Hate trashing two lines of typing.
Any chance this is related to the Ukraine situation - Bitcoin the "safe haven" ha!, Gold up this morning.
Maybe fear out of Ukraine is bringing people into Crypto?
Maybe fear out of Ukraine is bringing people into Crypto?
It's almost Gox o'clock. Surely someone has 5k coins to market sell?
I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall.
It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see.
I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit.
I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump.
Don't be a bear in denial, earlier on there was a 2k bid wall being eaten now 3k wall. He genuinely wants to buy and no one to sell at this range now..
Might be our 10k noob sell whale, back in business.
Edit: Wall moved up to 584, he wants coins..
It's almost Gox o'clock. Surely someone has 5k coins to market sell?
I wished they did, and I wish they just dumped them straight into that 3K BTC cocksuckers bid wall.
It is fake, in that he has no intentions of it being triggered and picking up 3K BTC at $580, but he is trying to push up Bitcoin to meet the 4Hr PSAR, at which point much of the bot trading and human traders alike, will switch from net sell to net long mode. Every chance that he is sitting with 3 Million USD of liquidity just behind spot, and placing BTC sell orders at at around $580 as panic buying little fish gladly jump the queue 'in front of the monster that is seemingly about to push Bitcoin to stratosphere....we will see.
I am on verge of short margin call being triggered here but will not be going long on the back of this bullshit......not until $580 is strongly tested and even then I would want to see high volume support at higher prices than $580 if the market is to rise on the back of this bullshit.
I suspect a price spike, followed by bid wall support....3 million USD bid slips away followed by a massive dump.
EDIT: Liar! I jumped in long on gravy train with all the other little plankton...but will keeping my eyes peeled like a hawk on that 3K BTC bid. As soon as it disappears for more than 30 seconds I am out.
It's almost Gox o'clock. Surely someone has 5k coins to market sell?
Welcome to low volume trading. zzzzz
You sure about that? The bid is there on this breakout of the down trendline. I'd close the short if I were you. Too bullish.
Shorts were selling like crazy into 1000 BTC bid @ 572, then it all looked good, then another 1800+ bid came to push it above the trendline.
I'd put a short stop at 585 if you are still short.
Shorts were selling like crazy into 1000 BTC bid @ 572, then it all looked good, then another 1800+ bid came to push it above the trendline.
I'd put a short stop at 585 if you are still short.
Someone is definitely trying to push price up above $580 resistance.
Another 3000K BTC chip placed into bid wall just below spot Probably on Bitfinex and being routed through stamp. Am Watching a flurry of smaller bids 'panic buy' below it.
I will believe $580 being broken through when I see it, and if the trader placing that 3K playing chip just below spot really wants Bitcoins at this price range, then Bitcoin must surely break out through $580 soon.
More likely than not, he just wants Bitcoins price to rise (perhaps yet more Bitfinex short stop loss farming), other than actually having to fork out his 3 Million USD himself in order to make it rise, leaving him in danger of becoming one great big huge bag holder if the market just doesn't buy it. in the end.
Treacherous times right now for smaller fish.
If I wasn't already short, I would be keeping the fuck away from this market right now....won't be going long either, even if $580 is broken through.....all about manipulation right now and I don't know the manipulators end game.
Market deciding whether to snap the record 8-week downtrend, or ... not...
Record??
6 months in 2011
Lower highs every week since new year.
In 2011 some weeks spiked up although the monthly trend was down.
This shit is whack.
strong 1m buywall at $575.56
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