Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31146. (Read 26723677 times)

hero member
Activity: 665
Merit: 500
How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.

No worries rpeila will easily take him out with his energy shields and then real action with light sabers begins.
full member
Activity: 238
Merit: 100
How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
I predict we break down trhough support soon on high volume and then fall rather quickly.

Discuss

Discuss what? Wait for a few hours and find out for yourselves.
hero member
Activity: 665
Merit: 500
I predict we break down trhough support soon on high volume and then fall rather quickly.

Discuss
legendary
Activity: 2604
Merit: 1748
What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.
China started the dumping and gox has had a very delayed reaction. It's almost as if gox doesn't approve of the movement and wants to deny it. They tried for the longest time to maintain a support at 840 while not reacting at all to China dumps.

Better with the edit Wink

I was looking at 5 days and was going to say they have been more steadily descending on that view, with gox looking decoupled and flatter.

However, the links are shaky and China has not been leading since last weekend - I think the gox price is looking fairly robust in the circumstances - but we will not know until Sunday is over which way it ends up.
hero member
Activity: 728
Merit: 500
What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.
China started the dumping and gox has had a very delayed reaction. It's almost as if gox doesn't approve of the movement and wants to deny it. They tried for the longest time to maintain a support at 840 while not reacting at all to China dumps.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
11k to 700, 8k to 1000.
legendary
Activity: 2604
Merit: 1748
What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.
hero member
Activity: 728
Merit: 500
What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? You can clearly see distribution occuring since the asks have balooned about 4 four fold in the past week. I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.
legendary
Activity: 2604
Merit: 1748
How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

Correct - but we haven't really needed the big guns yet, we want more of your coins - you can keep the gox bux Wink

Good luck panic buying back!
legendary
Activity: 1232
Merit: 1011
Sure, and rpietila & friends have unlimited supply of bitcoins.
legendary
Activity: 2170
Merit: 1094
How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.
legendary
Activity: 2604
Merit: 1748
How are we supposed to crash with all these buyers, damnit.

Well, someone just threw a million bux or so into a bear trap - unless they fancy 'double or quits' they better head back into their caves Wink
hero member
Activity: 728
Merit: 500
How are we supposed to crash with all these buyers, damnit.
member
Activity: 104
Merit: 10
Pecunia non olet
Maybe i am completely wrong for not selling, but i am just not feeling it, too much resistance and not enough grounds for a panic.

legendary
Activity: 2604
Merit: 1748
Just wanted to point out, it's still higher than when RP invited us "to join the bears" this happened on Nov18th when it jumped up to 900 quickly. People joining bears then would have sold between 500-700 and missed out on 1k+ for sure.

Walsoraj prob said something similar too....not that I'd know.

The support down to 800 is really high - and they are not putting walls in above the sells, so a bounce back is not 'insured against'

This is just throwing a few hundred coins to Loaded - was it him throwing a 100 coins in at 845 when it looked an easy push down to 820 a few minutes ago, I wonder?

Not sure this is smart bears - it's a weak attack - not enough coins to do real damage yet.
legendary
Activity: 1680
Merit: 1045
Just wanted to point out, it's still higher than when RP invited us "to join the bears" this happened on Nov18th when it jumped up to 900 quickly. People joining bears then would have sold between 500-700 and missed out on 1k+ for sure.

Walsoraj prob said something similar too....not that I'd know.
legendary
Activity: 2604
Merit: 1748
Something isn't quite right about this downtrend. I'm starting to get some small choo choo feelings.

6 or 7 more hours and it's over.

edit: China has about 4 hours of weekend left. Bears trying to get something going....

They are indeed.
full member
Activity: 124
Merit: 100
Some big dumps on Gox.
legendary
Activity: 2604
Merit: 1748
Maybe bears decided this weekend it would be too expensive to try - but we will only know for sure by Monday morning....

I still have some buys set up and fiat ready - but I will be happy if stays over 850 and they are not filled.
Jump to: