Author

Topic: Bitcoin Trying to find support at Lower Fibonacci Level (Read 1304 times)

sr. member
Activity: 336
Merit: 250
Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price

What is that?

http://en.wikipedia.org/wiki/Wash_trade
legendary
Activity: 1050
Merit: 1000
Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price

What is that?
sr. member
Activity: 280
Merit: 250
It has a long long way to drop yet based on the chat data.

What data

The chat data! You know, threads on the forum here.

Oh right!  Hey I found some roadkill outside my house and based on the way its spleen looks, I'd say we're breaking through Fibobullshit level #39 and Ellioidiot wave #53.
sr. member
Activity: 336
Merit: 250
Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price
sr. member
Activity: 350
Merit: 253
Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?
sr. member
Activity: 280
Merit: 250
Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.


It has a long long way to drop yet based on the chat data.

What data
legendary
Activity: 2268
Merit: 1278
sr. member
Activity: 336
Merit: 250
Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.


It has a long long way to drop yet based on the chat data.
sr. member
Activity: 280
Merit: 250
Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.
sr. member
Activity: 336
Merit: 250
Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.
member
Activity: 98
Merit: 10
Heavy selling coming in again. Pushing 850 and below.
member
Activity: 98
Merit: 10
Not looking good. Lower Fib broken with ghusto.
member
Activity: 98
Merit: 10
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