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).
Bear whales do it the same way as bull whales do it. Think of trading in terms of "bucket A = Currency A; bucket B = Currency B."
Bitcoin bull = fiat bear, fiat bull = Bitcoin bear.
Dumping BTC = Pumping USD, etc., etc. No difference, yin and yang.
I don't think so.
There is a different dynamic for down versus up, and part of the reason for the different dynamics likely has to do with differing levels of ease to move BTC in comparison to moving fiat (and who may have access to mechanisms to move fiat quickly - surely, these days almost anyone has access to mechanisms to move BTC really quickly), which considerably changes the dynamics for each of two binary possible price directions.