Did you know that it only takes a 60 million dollar (7k btc) market buy order to take the price of Bitcoin back to 12k?
I've been watching this order book for weeks, and I came to the conclusion that whales are placing laddered limit buys and catching your dumps. They are NOT SELLING the BTC they buy. Orderbooks (across exchages) have become increasingly thin. Limit sells are disappearing, and so is the amount f BTC in circulation.
In conclusion: DON'T BE A DUMMY, DON'T SELL YOUR BITCOIN NOW.
In the next few weeks we'll see an abrupt move back to 10k+. If you sell now, YOU WON'T BE ABLE TO REBUY YOUR BTC LOW EVER AGAIN. This is the bottom. Wake up, Jow Forums, don't get fucked by these whales. Don't sell now, or else you will have to rebuy your btc for 10k+.
i'm seriously starting to wonder if the bear market is over and if it ended in february....
Jose Cook
It's over. It ended in March. Get ready for a moonshot in the next few weeks, and it will happen fast.
Thomas Rogers
OP is right
Gabriel Morales
>4 month bear market
Ahaha, it took over 10 years for tech stocks to recover after the Dotcom bubble.
Michael Gray
Bitcoin and crypto moves a lot faster than stocks.
Wyatt Fisher
Ive been wondering about the same thing, The amount of coins in circulation has been going down, many have been placed in cold storage. The Whales just know to wait out when things have settled for a while. They need confirmation on their TA in which the time frame is appropriate for smart money.
Jonathan Clark
I don't think bitcoins market cap is big enough yet for a bubble that lasts that long. At most and i think bitcoin prices move faster than the stock market. Its a lot more volatile.
Dylan Mitchell
We simply don't know, technicals still look bearish, but I wouldn't sell anymore at this point if you are holding. I've been buying back in though, I think its a good price and I will just average in over the next few weeks/months so I don't get fucked by the price.
Matthew Wood
Heh, nice coin you got there, be a shame if Gox came along and something happened to it....
Sebastian Ramirez
This isnt just a bear market. BTC shit the bed and everyone saw it's a joke and how fucked it is. LN won't save it and normies aren't coming bsck
Mason Lopez
This flatness in price is worrying. This slow upward creep may not have the power to break through some important price levels.
Juan Phillips
This. Crypto is still just a small fraction of what tech stocks were in the 1990s-2000s. So it moves a lot faster and it's more volatile. Bitcoin and Ethereum already retraced 70%+, which is what you should expect when bubbles burst. This is the bottom,
Back in February-March, people were buying and immediately placing sell orders at 1-5% profit. I saw this happe all the time on GDAX and Bitfinex. All of a sudden, over the past two weeks people stopped placing sell orders after buying. Whales are buying and holding -- some are transferring funds to private wallets. As a consequence, shorting has ceased to be profitable. A lot of shorts are going to start closing their positions soon. This is the time to hold or add more to your positions.
Jackson Morris
>LN won't save it proof?
Daniel Richardson
I hope so, I think we still need major Bitcoin news to kick start the bull run. I have no idea what that would be, but it would have to be huge.
Colton Watson
Etf in july
Caleb Reyes
4 month bear market is right in line with previous bearish periods for crypto. It's important to keep in mind the context when you think about what is and isn't a normal timeline. Crypto doesn't move like blue chip stocks. It has some similarities to penny stocks and forex but also it's own unique patterns in addition.
Gavin Hill
>missed the altcoin run from May-June 2017 wecause i was all in to shitcoins on novaexchange and yobit >missed the ico 100xers in summer >missed the bitcoin run form 5k to 20k as i was on in to shitcoins in poloniex and bittrex >missed the december altcoin run as i was too scared to fomo at the top >missed the opportunity to short bitcoin on bitmex >now a already missing a head start to alt season again as im already all in a underwater short at 6666
I FUCKING HATE MY FUCKING LIFE. i ONLY MANAGED TO TURNED $500 TO $7800 AT ATL AND BARELY HAVE $3500. FUCK.
actually 666 is the number of the beast, because carbon (backbone of DNA/all organic life) has 6 electrons, 6 protons, and 6 neutrons.
you can't just make shit up
Oliver Edwards
GDAX doesn't have that feature. Even if it had, it doesn't matter. Assuming that hidden orders are equally distributed through buy and sell orderbooks, the visible orders should be enough to give you an accurate representation of supply and demand.
Post screenshot of your shorts.
Charles Smith
>GDAX doesn't have that feature. because it's so hard to have your bot not place the order unless it's at certain price points
Dominic Long
>some jew in a cave knew about the makeup of carbon atoms in the year AD 300
i'm pretty sure it's just because 666 looks like a goat's skull + horns if you're on mushrooms
Wyatt Peterson
Like he said, wouldn't really matter. The visible orderbook is a pretty accurate representation of current market psychology. Obviously it can shift quickly, but we know that.
Julian Price
>GDAX doesn't have that feature. >what is arbitrage >assuming that hidden orders are equally distributed through buy and sell orderbooks >yfw
>The visible orderbook is a pretty accurate representation of current market psychology. This presupposes a lack of manipulation, which invalidates OP's point if true.
Evan Nelson
It's going to drop again. The great running of the bulls begins in May.
Luke Rodriguez
What is wrong with assuming that hidden orders are equally distributed as bids and asks? Do you have any evidence of the contrary? I don't. Unless I see data showing I'm wrong, I assume that they are equally distributed.
Jaxson Hughes
Holy fuck OP you're right
Sebastian Moore
Market manipulation exists, obviously. Spoofing exists. But spoofing walls don't significantly affect how the shape of the whole order book changes over time. We are looking at the entire GDAX order book here, not just at buy/sell walls placed near the market price to manipulate the market.
In February-March: people were buying the dips and placing sell orders. Now: people are buying the dips and holding. It's so clear that the sell orderbook is becoming thin, I wish I had collected longitudinal data to show this quantitatively.
Kevin Morales
Your assumption is unrealistic. Do you have any data showing that the hidden orders are equally distributed? You're the one that made the initial assertation so you should provide the data. I'll say it again, the assumption that the orders are equally distributed assumes a lack of manipulation. Your entire thread is based upon the idea that whales are manipulating the market.
Nathan Cruz
What are stop limits, hidden orders and bots ready to dump after certain price movements?
Charles Fisher
All it takes is one whale with a huge hidden wall wanting to load or unload their bags, you're incorrect in saying that it would only take a 7k market buy to bring the price to that level. GDAX effectively has hidden walls due to bots, and arbitrage against bitfinex (the only real market mover).
Isaac Young
>doesn't know the hebrew alphabet has the same information (and lots more) encoded since before the old testament was written >doesn't know the number of the beast comes from the prehistoric babylonian empire that every great society in recorded history has been trying to recreate stay lost, pleb
Ayden Russell
And I forgot the most obvious factor, limit orders, those generally aren't visible.
Ian Walker
gdax DOES have that feature, as well as a shitton of bots
like you said though, orderbook still represents the bell curve of market psychology. only the
i obviously understand it in more contexts than you do, brainlet
you're just the typical 120 IQ thinking he's the smartest guy in the room.
Jonathan Jenkins
Please tell me how an order book forms a bell curve?
Gabriel Cooper
>orderbook still represents the bell curve of market psychology >orderbook forms a bell curve wow I'm sorry for assuming you had 120 IQ, obviously that was an overestimation.
Blake Bennett
Saying it "represents the bell curve of market psychology" is nonsense.
Jaxon Reed
my ex was like you. instead of taking the time to parse the actual structure of a phrase, you just pick out key terms and fill in the gaps with whatever your tiny brain comes up with
Hudson Campbell
What does your taste in women (men?) have to do with the fact that you're wrong?
Connor Hernandez
i can't help you then. buy chainlink, you'll be in good company
Jordan Jones
Do you always lash out when you lose an argument?
Landon Green
dude, who the fuck in here is selling now? i feel like my fellow biznessmen are smart enough to smell a bottom, especially after sticking around through all that bullshit.
what would be the point of selling?
Dylan Kelly
what argument? you say I'm wrong, but it's clear that you aren't capable of understanding me. If you want to live in a bubble that's no skin off my back. I'm not arguing with you.
Shit, we're not even COMMUNICATING.
Dylan Barnes
fucking stay there I want to accumulate Fuuuuuckk bear market plz
Logan James
No I didn’t know this.
Thanks
Gavin Williams
You still haven't explained in what way an orderbook "represents the bell curve of market psychology". What do you even mean? By what metric does market psychology form a normal distribution?
Blake Myers
go fuck yourself you fag. people who are like "omg i hope the price goes down so i can buy moar" should slit their own throats.
Jonathan Stewart
that's better, now we're actually getting somewhere. I'm glad I stuck around. The bell curve describes the area where any given individual is most likely to be placed, or in other terms the area where most individuals (or data points, etc) will be located. So, in the context of my statement that means the orderbook represents the average or most common or most probable perception/desire of individuals participating in the market. There's a lot of different potential reasons behind placing a particular order, but an aggregate assumption still holds true over time.
the most savvy investors won't typically show up in the orderbook, except for manipulative purposes. So you have to 1) accept that they won't broadcast their intentions directly and 2)screen for their deception. But other than that, what you see in the order book is a good picture of what most people WANT to happen.
When "everybody" wants to buy in at 4k, but "nobody" wants to sell below 10k . . . that can only go one direction.
Levi Thompson
there are many hidden walls silly Guess what It's called volume On both sides of the coin it is dead 24 hour volume on Gdax is like 7k That is horrible, and one of the lowest i've seen it in a while That last big red candle killed hope for a bull run Why should bulls work hard, countless hours of buying and setting up strategic orders Then with 1 button, get dumped on and have all their work erased again and again
also as a rule of thumb, the closer an order is to the market price, the higher chance of it being a manipulative order and not a legitimate order. so for long term trends you have to ignore the middle chunk and just look at people's "set and forget" orders.
Dylan Wood
I've been asserting this entire time that they aren't broadcasting their intentions directly, but I'm also saying that it's generally not possible to screen for their deception. And your description superficially resembles a normal distribution but I doubt that's truly the case.
>I'm also saying that it's generally not possible to screen for their deception I've been doing it for years. It's not easy, but it's definitely possible. it's just like chess, there are a limited set of possible actions to take. It may seem like a lot, but you can narrow it down considerably.
Unfortunately it is too complex for me to talk about here, and it wouldn't be in my best interest to anyway. Also, I have other things to do.
Alexander Ross
Yeah I stopped short because experience has taught me that introducing more than one concept at a time on Jow Forums is suicidal.
