Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33331.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Bitcycle on June 02, 2013, 06:08:07 AM

Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.

There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.

Is that what you think it will happen , or what you want to happen?

Spot the difference!

lunarboy

hero member

Activity: 544

Merit: 500

Quote from: ?? on ??

Wow, what the hell happened? My buy order at $120 got filled! Now the question is, should i sell at $123?

nah ... it was a one off large trade, the general trend is up up up Roll Eyes

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: IG0BR0KE on June 02, 2013, 06:12:49 AM

Quote from: Bitcycle on June 02, 2013, 06:08:07 AM

Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.

There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.

and yesterday we had 10k on 127...

Spot the difference in the situations.

IG0BR0KE

newbie

Activity: 56

Merit: 0

Quote from: Bitcycle on June 02, 2013, 06:08:07 AM

Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.

There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.

and yesterday we had 10k on 127...

Bitcycle

sr. member

Activity: 420

Merit: 250

Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.

There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

prof7bit

hero member

Activity: 938

Merit: 500

https://youengine.io/

Quote from: Frozenlock on June 02, 2013, 03:31:49 AM

Clarkmoody died on me. Bitcoinity holding. Any other sources I can look?

Install the goxtool trading client.

fr33d0miz3r

hero member

Activity: 518

Merit: 500

Quote from: oda.krell on June 02, 2013, 05:44:37 AM

I missed it, I missed it. Oh boy...

Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?

It was just this:

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: samson on June 02, 2013, 05:35:49 AM

Quote from: ShroomsKit on June 02, 2013, 05:29:45 AM

Quote from: Miz4r on June 02, 2013, 05:23:07 AM

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

Only a higher low (>103 ) would not cause loss of confidence.

ardana123

hero member

Activity: 504

Merit: 500

Quote from: oda.krell on June 02, 2013, 05:44:37 AM

I missed it, I missed it. Oh boy...

Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?

can someone be this lazy?

oda.krell

legendary

Activity: 1470

Merit: 1007

I missed it, I missed it. Oh boy...

Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: samson on June 02, 2013, 05:35:49 AM

Quote from: ShroomsKit on June 02, 2013, 05:29:45 AM

Quote from: Miz4r on June 02, 2013, 05:23:07 AM

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?

samson

legendary

Activity: 2097

Merit: 1070

Quote from: ShroomsKit on June 02, 2013, 05:29:45 AM

Quote from: Miz4r on June 02, 2013, 05:23:07 AM

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: ardana123 on June 02, 2013, 05:27:39 AM

Quote from: NamelessOne on June 02, 2013, 05:00:46 AM

Quote from: ShroomsKit on June 02, 2013, 04:52:35 AM

Quote from: NamelessOne on June 02, 2013, 04:49:20 AM

Quote from: ShroomsKit on June 02, 2013, 04:33:08 AM

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

what are u smoking and can i not have some of it?

I'm smoking good old technical analysis, and I hope I'm wrong. I really dislike FUD, and I'm usually a bull. But I won't stay perma bull if it just feels wrong. I'm just discussing my thoughts at the moment.

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: Miz4r on June 02, 2013, 05:23:07 AM

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

The only reason I say this is because the market has now completely and utterly terminated the trendline we have been climbing since 50 well over a month ago. All the big selloffs since then have simply bounced off the trendline and continued upwards, but this time the price has torn straight through it. Some people don't believe in trendlines and analysis, but all my experience has shown them to be remarkably useful, and its just a mass human psychology in the end. Like I said before, I'd love to be wrong, I hated the drop from $32 - $2 even if I benefitted greatly in the end.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Miz4r on June 02, 2013, 05:23:07 AM

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

ardana123

hero member

Activity: 504

Merit: 500

Quote from: NamelessOne on June 02, 2013, 05:00:46 AM

Quote from: ShroomsKit on June 02, 2013, 04:52:35 AM

Quote from: NamelessOne on June 02, 2013, 04:49:20 AM

Quote from: ShroomsKit on June 02, 2013, 04:33:08 AM

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

what are u smoking and can i not have some of it?

Miz4r

legendary

Activity: 1246

Merit: 1000

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. Tongue

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: gizmoh on June 02, 2013, 05:20:22 AM

Quote from: NamelessOne on June 02, 2013, 05:14:29 AM

Quote from: gizmoh on June 02, 2013, 05:07:35 AM

Quote from: NamelessOne on June 02, 2013, 05:00:46 AM

Quote from: ShroomsKit on June 02, 2013, 04:52:35 AM

Quote from: NamelessOne on June 02, 2013, 04:49:20 AM

Quote from: ShroomsKit on June 02, 2013, 04:33:08 AM

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

Yeah something along those lines I think. My theory is that the wall was actually the seller. The Wallmaker simply wanted to sell as many coins close to 130 as possible. He knew the treadline had already been basically broken a day or two ago, he could have helped it with his super money if he had the confidence the market would follow him, but he didn't. Thus he created the large bid wall to create a false sense of security so bids would pile up above his wall and he slowly sold. When the time was right he could just do one massive sell down to his wall, remove his wall, sell even more and then let the games begin. May have even sold into his own wall to create fear.

This was my theory the moment that wall was created. I really, really wanted it to be wrong. I think I might have been right on it though. =(

Yea i noticed the consistent 300-600 dumps yesterday.That is a hell of a Masterplan.. Trading is stuck at 'Apex' now..

Yes! Exactly. I noticed those 300-600 sells happening pretty consistently too. Sell... let it build back up again... sell another 400... repeat.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: NamelessOne on June 02, 2013, 05:14:29 AM

Quote from: gizmoh on June 02, 2013, 05:07:35 AM

Quote from: NamelessOne on June 02, 2013, 05:00:46 AM

Quote from: ShroomsKit on June 02, 2013, 04:52:35 AM

Quote from: NamelessOne on June 02, 2013, 04:49:20 AM

Quote from: ShroomsKit on June 02, 2013, 04:33:08 AM

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

Yeah something along those lines I think. My theory is that the wall was actually the seller. The Wallmaker simply wanted to sell as many coins close to 130 as possible. He knew the treadline had already been basically broken a day or two ago, he could have helped it with his super money if he had the confidence the market would follow him, but he didn't. Thus he created the large bid wall to create a false sense of security so bids would pile up above his wall and he slowly sold. When the time was right he could just do one massive sell down to his wall, remove his wall, sell even more and then let the games begin. May have even sold into his own wall to create fear.

This was my theory the moment that wall was created. I really, really wanted it to be wrong. I think I might have been right on it though. =(

Yea i noticed the consistent 300-600 dumps yesterday.That is a hell of a Masterplan.. Trading is stuck at 'Apex' now..

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