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Topic: Market Doesn't Look to Hold Above $6,000 - page 5. (Read 8720 times)

legendary
Activity: 2072
Merit: 1001
September 08, 2011, 08:33:12 PM
#9

Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.

don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.
hero member
Activity: 952
Merit: 1009
September 08, 2011, 08:31:18 PM
#8

Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 08, 2011, 08:24:54 PM
#7
I don't know what you mean by "the market looking like". Market price is not determined by the shape of the curve of past prices. It is determined by external supply and demand characteristics.  The shape of past trades is not good data to inform your future purchase decisions.  It's like trying to figure out where a car is from skidmarks left the previous day.

I may agree with your conclusion, but not how you got there.  If you are trying to troll, however, good work sir.

It's called technical analysis. If you don't believe what I am predicting in this post and other posts then please hold your bitcoins. I'll buy them back when the price is at $2.00 or $1.00.
legendary
Activity: 2198
Merit: 1311
sr. member
Activity: 270
Merit: 250
1CoinLabF5Avpp5kor41ngn7prTFMMHFVc
September 08, 2011, 08:17:34 PM
#5
I don't know what you mean by "the market looking like". Market price is not determined by the shape of the curve of past prices. It is determined by external supply and demand characteristics.  The shape of past trades is not good data to inform your future purchase decisions.  It's like trying to figure out where a car is from skidmarks left the previous day.

I may agree with your conclusion, but not how you got there.  If you are trying to troll, however, good work sir.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 08, 2011, 08:17:10 PM
#4
Just hit $5.93... Roll Eyes
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 08, 2011, 08:10:59 PM
#3
The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.
Lower than below 6? Holy shit, that’s low.

SELL

You don't even need to provoke people to sell, looks like they are doing it on their own.
N12
donator
Activity: 1610
Merit: 1010
September 08, 2011, 08:08:35 PM
#2
The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.
Lower than below 6? Holy shit, that’s low.

SELL
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 08, 2011, 08:05:51 PM
#1
The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.

EDIT: The title was changed just to have some fun lol  Kiss
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