Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Someone is definatelly dumping A LOT of coins. But I don't think it's manipulation now. Just someone with a lot of coins to dump, look at the 1k ask wall at 2940 on HooBoy and he dumped few k to bring it down accross major exchanges. If someone is willing to give up coins at these prices i'll gladly take as many as i can 
Looks like the overall sentiment is that bitcoin is undervalued and market wants to go up. BFX longs lost 12MM or 30% (i think BFX did an amazing job controlling that avalanch), and shorts are up by like 2k BTC. All indicators are pointing up, lets see how many coins Mr Dump has, if it's Gox's coins this might take a while
Looks like the overall sentiment is that bitcoin is undervalued and market wants to go up. BFX longs lost 12MM or 30% (i think BFX did an amazing job controlling that avalanch), and shorts are up by like 2k BTC. All indicators are pointing up, lets see how many coins Mr Dump has, if it's Gox's coins this might take a while There are still a lot of stolen/auctioned coins around and the long stall could be a motivator for one or more of those people to dump some % of their stash. My guess is that it will go down more probably around 350-400 and then go up slowly first, then gaining more speed up quickly towards new years eve.