Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
319 . oh look someone is "killing" bitcoin 
Is bitcoin price supposed to do that? Are we still rallying in a rally?
yes. yes.
Maybe there is a short-term question about whether the price is going to test $310 again or even go down to test $300...?
It appears to be heading up at the moment, on fairly decent volume levels---- but we see no major dumps recently, like 500 BTC or 1k dumps.
We cannot expect any answer from a whale, so speculate.....
In the next 8 hours, I give it about a 65% chance to go up to $329 and about a 25% chance to go down to $314...
my guess is we won't hit >315 without another really good piece of fud
most likely bearish news to come next would be EU's plan to "ban bitcoin" in some form or another.
but i think the meeting is over and they we're very vague as to their plan of action. http://www.trust.org/item/20151120152558-mdmbw
I think we're likely to see then arrest/fine a few high rolling localbitcoin traders operating without any AML/KYC. not much more...
Sometimes I wonder a little bit how the bear whales do it ... I mean dump coins and test whether there is an ability to move the price down because I am sure that they dump and dump and dump, and pretty soon, the dump gives, and viola, down we go... getting a 1 to 5% drop in price can be very valuable, and maybe not so difficult to achieve if the coins are dumped strategically and maybe can get some others to follow so the one whale doesn't have to do all the work (not that I buy into any one whale theories, even though sometimes one whale could possibly get the ball rolling).
if you have >100KBTC this is easy, just start grabbing as much liquidity as you can at wtv price range and pretty soon the market will drop, i guess best way is to start of slow, and when you unload enough slowly start dumping until market can't hold that price anymore...
even in a bull market with >100KBTC its not very hard. but who has 100,000coin??? and even if you did have 100K, will you actually get to sell 50K at 500 no way! you won't get to sell 10K BTC to many poeple selling, same problem trying to buy back XX,000BTC... Selling to buy back lower is risky business but for 2 years now this trick has paid off easily, no more, its bull market now, we're going to be in the 300's for a while, at one point we'll head up 500+ at which point bears will probably back off and we'll be at 800 in no time.
everyone always imagines there 1 invisible hand manipulating the market, but i don't buy it, bitcoin is kind of a big deal, there must be 100's of Big BTC and USD whales and 100's of thousands of traders, and another 100's of thousands of newbie / jr. bitcoienrs. adding up to ~1mill poeple. when this market moves its because 100,000's of people said "sell" that week, not because 1 guy sold shitloads of bitcoin.
now who has said sell this week and doesn't meant it?