that big drop was a......... | Bitcointalksearch.org

derpinheimer

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Quote from: XXthetimeisnowXX on July 31, 2013, 12:25:03 PM

Quote from: Tzupy on July 31, 2013, 12:04:33 PM

IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.

that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is.

Problem with expecting walls to hold the price up, is that they are often seen as the last exit point before a large fall.. so, if we go to 101.5 or something, then 101 will likely be eaten. Quickly.

vokain

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Quote from: Qoheleth on July 31, 2013, 12:41:24 PM

That big drop was the price going down.

Anything beyond that is spin and salad dressing.

*looks at board name*
hehe but of course

Qoheleth

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Spurn wild goose chases. Seek that which endures.

That big drop was the price going down.

Anything beyond that is spin and salad dressing.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

Quote from: Tzupy on July 31, 2013, 12:04:33 PM

IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.

that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is.

Tzupy

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Merit: 1094

IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

wow didnt think we would be back to 108 so fast, unless it dips again i guess that was a bear trap. ha and i sold some. hum guess im not as bullish as i thought. dough! Cheesy

Its About Sharing

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Antifragile

Quote from: vokain on July 31, 2013, 11:17:18 AM

Quote from: vokain on July 31, 2013, 11:08:42 AM

Quote from: lucas.sev on July 31, 2013, 11:07:06 AM

Quote from: vps15 on July 31, 2013, 11:06:14 AM

price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100

bubble keeps deflating, nothing to see here

Quote from: keatonatron on July 31, 2013, 11:07:24 AM

You mean mini-bubble deflating. We weren't ready for $110 yet Grin

yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86.

slow grind up is the best kind of climb

i think it's standard distribution before consolidation

It does appear like that. Very big money got us here. There are not enough buyers around for them to unload to. This is the smaller players cashing in on a profit (I hope).
Big money will appear again if we go to low...

vps15

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Gain more btc! https://satoshicircle.com/?aid=1718

Just someone selling off, bears turning bulls should have taken advantage of that sudden fall

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: vokain on July 31, 2013, 11:08:42 AM

Quote from: lucas.sev on July 31, 2013, 11:07:06 AM

Quote from: vps15 on July 31, 2013, 11:06:14 AM

price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100

bubble keeps deflating, nothing to see here

Quote from: keatonatron on July 31, 2013, 11:07:24 AM

You mean mini-bubble deflating. We weren't ready for $110 yet Grin

yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86.

slow grind up is the best kind of climb

i think it's standard distribution before consolidation

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

major drop in price, what do you think? was it a bull trap this whole time and now its snapping shut? or is it a classic bear trap in the making where others will sell and then the suckers will lose cuz it will go back up past 111? maybe just a few big fish selling off??? 2 and 4 are sorrta the same.

Topic: that big drop was a......... (Read 994 times)