Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LOADING.READY.RUN
on 15/07/2014, 12:46:20 UTC
A whale had pretty much all the coins below 640 on stamp yesterday and was using the walls to sweep them up around 620, all that bouncing up and down (trying hard not to think of yoga pics) of the walls was shaking out some bots. Its a treeshake but they don't seem inclined to push it down more for now at least, worrying seeing that many coins used to manipulate the market though. Maybe they're doing their bit for stability but they're breaking trendlines to do it and I'm hoping they're not going to shake the tree lower when they have enough coins to more or less guarantee dominance.

Agree about the tree shaking. Doing this very close to the trendlines probably supports their cause to make people more willing to sell... Bitcoin has a history of fakeouts, so in my books this isn't a clear break yet, especially as on huobi the support line still looks more or less intact.