Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
That makes sense. But there is someone trying to drive the price up. Reminds me to a similar situation in the 60s just after the -> 53 crash.
Could also be a classic bull - bear fight. Now bear has dumped 2k to 131 - we'll see if bull reacts.
That bear was actually driving the price down. Stupidly placing a 1.5k wall lower and lower before finally panicing and selling into the 132 wall. That seems like compete amateur crap to me rather than manipulation attempt. The person actually thought someone was going to just buy their large'ish wall on a low volume Saturday but instead they just created a resistance and no one bought, thus the price couldn't go anywhere but down, and they chased it for the last couple hours, always lowering the 1.5k. In the end it went from 135 to 133 and finally they gave up and sold into the 132 bid wall. HAHAH what a joke. Could also be a classic bull - bear fight. Now bear has dumped 2k to 131 - we'll see if bull reacts.
TBH most of the time I read manipulator here I mentally replace the word with 'amateur trader'. Sure, the market is manipulated as all markets are, but not every trade that moves the market is a 'manipulation'. A lot of it is just overly emotional trading (panic at potentially missing an opportunity)
Lots of paranoia here me thinks
