Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fonzie
on 13/06/2014, 18:53:57 UTC
That everlasting refilling on Bitstamps asks side Tongue. This one clearly has a nice stash for sell.

yes, this is one whale that really wants to push the price down. but i think he will not be able to push too far. we failed at the 50% fib of last major move, now resting at 23.6%. it's not bullish. there should be one more leg down or a retest of the low. then we have a real bounce.

Maybe he just wants to sell slowly @ high prices without creating panic before the BAD news come out and the market crashes!
Personally i preferred the 10000BTC ask wall before Gox went down.