What the hell is happening with Bitfinex? There are 100 BTC sitting on 8200 for about two hours now and the price CAN'T not go under 8200. 100 BTC is about 830k US$ ! Who the f@CK put all that money there?? Is that real money or there is a manipulation behind (spoof money)?
I saw that scenario multiple times over the last days: That SAME money can be at 8000, at 8100, at 7900. Whether they put than money, it's IMPOSSIBLE for the price to go lower. NOW it is at 8200, go check it.
People who trade on BETFAIR know well the term of "Weight of Money". Google it to understand it and to see how it influences the reactions of other traders and especially of other bots, pushing the price up again.
I do not know if BTC price will go up or down, because I do not know if that 830k USD in BTC is going to stay there or not. If for example it goes to 8100, then prepare for the price to go at 8100. THEY know that the market is bearish and they are doing anything to decelerate the fall.
BUT, if one day you see that this money disappeared completely from THE ENTIRE ORDER BOOK, then you should prepare for the (awaited) GREAT BTC FREE FALL.
When that will happen? I do not know, but you were warmed.
(Perhaps, they want to keep BTC price high UNTIL December 10, so that they sell some new Bitcoin shit-products. Perhaps, they have another date in mind. I do not know when. THEY know.)
** Check also this screenshot @ Switzerland 21:00 Friday, 24 November 2017 (CET) so that you have your eyes open : imgur.com/OoFDWZ2
Dagangan aktif
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Seconds after I made my post, ALL of the 830k US$ in BTC that where seating on 8200 miraculously DISAPPEARED letting BTC go down and bounce after 12 minutes. (I think it was a coincidence).
This bounce was reflected on other coins, like ETH. It was at 21:55 when BTC returned again at over 8200 provoking an instant -16 US$ for ETH!! With a -16 US$ on ETH price, Trailing STOPS of short-term traders were activated resulting a sell of ETH and a buy of BTC (leveraging, so, BTC price!) or US$!! [that depends if a trader was trading ETH/BTC or ETH/USD].
ETC replied by breaking the 20 US$ barrier. Keep an eye on ETC just in case of an emerging uptrend.
Dagangan aktif
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BTC price now is at 8261 US$. I just saw that there in no spoof money on 8200. It is on 8100! It’s over 300 BTC sitting there now! That is about 2,5 million US$!! If the thing does not change in the next hours, prepare for price fall to 8100 US$.
@ Switzerland 00:57 Saturday, 24 November 2017 (CET) All cryptos are making small rallies and BTC is stuck at 8200. It is like if somebody was paying money to keep BTC just over 8200, ignoring the rest of the market = market investing their money in all cryptos except Bitcoin : BCH, BTG, ETC, ETH, LTC.
Dagangan aktif
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@ Switzerland 01:10 Saturday, 24 November 2017 (CET) I think there is a battle actually between ETC and ETH and it seems that ETC is doing MUCH better.
Komen
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Just a little correction for last 2 comments: it's 25 November, not 24
Dagangan aktif
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@ Switzerland 01:18 Saturday, 25 November 2017 (CET) In the meanwhile, BTC is struggling between 8000 and 8200 US$ ...
Dagangan aktif
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@ Switzerland 02:43 Saturday, 25 November 2017 (CET) BTC at 8169.9 US$
Dagangan aktif
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@ Switzerland 21:22 Saturday, 24 November 2017 (CET) BTC at 8684 US$ Bearish divergence between BTC price and MACD.
Komen
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Sorry, for previous comment it's 25 November 2017 (CET).
Komen
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@ Switzerland 23:01 Saturday, 25 November 2017 (CET) BTC is stable at 8695 US$.
The only crypto that reacts well for the moment is Santinent (SAN).
All indices show an upcoming downtrend for BTC. Be aware.
The following coins responded already very positively : EOS, SAN, BCH, ETH.
If you sort Bitcoin, try to diverse you portfolio by buying not only one coin. Don't forget to add stop limits or trailing stops!
Dagangan aktif
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@ Switzerland 22:17 Sunday, 26 November 2017 (CET) BTC at 8208 US$
Dagangan aktif
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I think that now BTC reached ATH and it is gradually entering a downtrend.
On November 26, I wrote : "When the BTC fall begins we have two options: -Go to other cryptos : BCH, BTG, LTC, ETH, ETC or -Go FIAT fore some days (if there is a total panic).
I do not believe in scenario 2. "
What I see now, after observing ALL coins is that when BTC falls, almost every altcoin falls at the same moment. That seems like people sell BTC to buy US$ and not altcoins. So I think that now, we are mostly in the scenario 2. So I prefer to transform everything in US$ (or euros) for some hours/days, until an altcoin appears making a really strong uptrend. As almost all altcoins are undervalued now, I will preferably look for coins that have very low price (but not less than 1$).
Dagangan aktif
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Keep an eye on SAN :
Komen
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@ Switzerland 23:17 Saturday, 1 December 2017 (CET) SAN at 1.72 US$ !!
Dagangan aktif
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SAN is now at 1.98 and will break soon the 2.0 barrier. The 2.1 level can be a good entry point to put your order.
Dagangan aktif
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@ Switzerland 14:24 Sunday, 3 December 2017 (CET) SAN at 2.39 US$ !!
Dagangan aktif
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I hope, you didn't sell your house to buy BTC when it was at 20000 US$ ;)
Komen
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After the fall of Bitcoin from 20000$ to 12000$, I think it is time to enter again in the train:
Dagangan ditutup: sasaran tercapai
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As predicted in this post, Bitcoin fell! And it fell a lot!!! Now I predict that we will have a BIG RISE in the whole Crypto Market! I am calling this entrance to a NEW CYCLE: "The awaited Bitcoin/Cryptocoins NEW JUMP." Bitcoin will rise but will not be the king for long. I believe that we will give a NEW crypto KING [perhaps ? the XTRABYTES (XBY) actually at about 0.09 US$ in Cryptopia].
I think you could be more right then you think... If you take a close look at the order book, there is really a pattern of giant order walls which could indicate manipulation (by Spoofy again? zerohedge.com/news/2017-08-06/mysterious-trader-nearly-unlimited-bankroll-said-be-manipulating-bitcoin-price ):
BID
count volume price
21 118,04 8650
67 48,67 8600
38 73,71 8550
106 282,55 guess.... 8500
46 103,49 8450
107 113,40 8400
54 92,39 8350
....
ALL orders in between are small. Same pattern returns at ASK side...
This indeed looks very suspicious and could be potential manipulation to create an artificial forced ATH
As long as people will put their put and asks above the blocks to be executed immediately, price will keep on rising. But I think those blocks will suddenly vanish and price will be indeed in a free fall without a parachute.
I have no idea this could be linked with the Futures launching within a few days...
We'll see, probably very soon...
tcasaer
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@tcasaer, is it just me or is Bitfinex down for the moment? Coincidence...?
I was expecting the next support-block of 8700 after price passes 8750...
tcasaer
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@tcasaer, 8750 appears already locked at Kraken, and maybe others too...
NickTsili
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@tcasaer, Thank you for your example and for this excellent article! If this manipulation with spoof money is linked with the Futures, then these patterns will disappear from the order book after the Futures launch. Anyway, this thread is read over 3000 times and I hope that people are now more aware... I feel sad for the new "traders" that join Coinbase, hopping to become rich with Bitcoin...
When the BTC fall begins we have two options:
-Go to other cryptos : BCH, BTG, LTC, ETH, ETC
or
-Go FIAT fore some days (if there is a total panic).
I do not believe in scenario 2.
tcasaer
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@NickTsili, I'm even more convinced now. When you check the order book at different $50 milstones, you can see they counts and volumes are changed (to fund newer blocks?).
This was the situation when we reached >8700:
BID
count volume price
<b>21</b> 118,04 8650
<b>67</b> 48,67 8600
<b>38</b> 73,71 8550
<b>106</b> 282,55 guess.... 8500
<b>46</b> 103,49 8450
<b>107</b> 113,40 8400
<b>54</b> 92,39 8350
then at every milestone the numbers are changed. Most wall shrink a bit, but at 8500 it bacame much bigger. This is how it looks currently:
every time a new marker is reached, they locks in buyers ànd sellers by putting high blocks nobody can or will fullfill (Who buys or sells millions at once, even the biggest hedgfunds won't do this).
Seems those funds appear to just circle back-and-forth between by and sell. This looks like the behavior of an automated system. The trend not following any of the indicators based on technical analysis (which, at their turn are based on psychology and crowd behavior) is like an inherent proof. I believe in the psychological barrier of 10k, but imho it's impossible this finale can be pushed by a real people in only one go without corrections in between.
This looks like a giant pump but for some reason everybody seems to ignore this.
To everybody who reads this: you will have to make your own research and conclusions. I'm just looking at it from a birds-eye view and have my thoughts on this.
If you feel comfortable you can co-ride this runaway train, but jump off on time as this probably will crash (hard).
I'm very curious about how this will end (or not...) and maybe at some point, that's the reason why I enjoy this crypto world after all, it's like a box of chocolates.... ;-)
tcasaer
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@tcasaer, No I am sure. It just happened before my eyes... the 8900 block dissapeared and the price pulled back, then the 8850 block dissapeared. Check the drop. Now the next mark is at 8800. If it dissappears, price will further go down. Fasten your seatbelts...
tcasaer
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@tcasaer, right now, 8850 is now in the book again, when it's on top, you can see how it behaves. It sneaks in and pushes the trends upwards.
tcasaer
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@NickTsili grab some coffee and watch the order book closely if you want to see it.. whatever it is, it's trading with itself !.
How:
highest ask was 8620, highest bid 8610, small orders.
Suddenly a large ask order sneaks in at 8900. -> you can predict now price will rise to above 8900 (for shorters: almost $300 per swing)
Next, bigger orders (counts between 5 and 10) sneak in at bid side and they buy above the latest bid price. After this you can see very small orders jumping above to be fulfilled first so price rises.
Small ask orders jump above the large block so ask rises too. The larger orders at bid side jump above the last bid price again and this continues until the bid price is above the large ask of 8900...
It's like seeing in slow-motion how the price fluctuation on a high-volume market really works, so very interesting