You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
Great test...
Middle of the night? It was 5 am here and around 11 am in Europe.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33325. (Read 26498270 times)
June 02, 2013, 11:27:57 AM
Middle of the night? It was 5 am here and around 11 am in Europe.
June 02, 2013, 11:27:21 AM
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
This ^
June 02, 2013, 11:26:10 AM
Ok , I think the worst is behind us.
Probably Monday morning will clear things.
Probably Monday morning will clear things.
We are sitting nicely on support but I don't like the bottom of big rid candles to define support. Hopefully we have a high volume selloff tomorrow and come back up to form a nice hammer.
June 02, 2013, 11:24:16 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out."
So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst?
EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works.
You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
June 02, 2013, 11:22:41 AM
Ok , I think the worst is behind us.
Probably Monday morning will clear things.
Probably Monday morning will clear things.
June 02, 2013, 11:20:02 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out."
So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst?
EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works.
June 02, 2013, 11:18:41 AM
200BTC to 128USD 
June 02, 2013, 11:16:12 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
I wouldn't look at it like that. It is Sunday and I'm sure a lot of auto sells are being triggered.
We will see what we got this week. And if that isn't much, time to reload for better prices.
I can imagine how you old timers feel - totally unfazed by this. Nice feeling...
June 02, 2013, 11:15:14 AM
From Reddit:
http://www.reddit.com/r/Bitcoin/comments/1fiu48/beginning_to_worry_yet/
- Beginning to worry yet?
--This is what happens when the govt. scares the hell out of new investors. It doesn't help that the verification process to get on Mt. Gox takes was made more difficulty.
--No worries, 115 is a strong support and it holds well.
--June is bad for all investments. Go outside and spend some money.
--Buy all the coins!!
--im holding for the longest time
------------
http://www.reddit.com/r/Bitcoin/comments/1fiu48/beginning_to_worry_yet/
- Beginning to worry yet?
--This is what happens when the govt. scares the hell out of new investors. It doesn't help that the verification process to get on Mt. Gox takes was made more difficulty.
--No worries, 115 is a strong support and it holds well.
--June is bad for all investments. Go outside and spend some money.
--Buy all the coins!!
--im holding for the longest time
------------
June 02, 2013, 11:15:01 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
June 02, 2013, 11:14:45 AM
Notice lack of support walls, its not cheap enough for the whales..It gonna be a long day..
June 02, 2013, 11:06:48 AM
Some can get stuck in it.
June 02, 2013, 11:06:38 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
June 02, 2013, 11:06:28 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
Selling in one wave doens't do that much damage and they had to keep an extra if the price bounced back.... like it happend.......
Also they need to restock on their way down ....for further dumps
But this pure speculation, and I really doubt that it was an attack.
June 02, 2013, 11:05:37 AM
Wheeeee!
June 02, 2013, 11:02:36 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
Not enough volume at this point?
June 02, 2013, 11:02:03 AM
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
Finding the 2011 bottom took a loooooong time.
It was a never ending excruciating winter. I suspect many newcommers will die in the process.
June 02, 2013, 11:01:35 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
June 02, 2013, 11:00:56 AM
June 02, 2013, 10:57:47 AM
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
You just have to rub it in, don't you ? IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
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