Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33332.

Zarathustra

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

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,

Yes. If you buy low and the price climbs after that, it will have been a buying opportunity. If not, then not.

NamelessOne

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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. =(

Sitarow

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Dargumin

member

Activity: 107

Merit: 10

In fiat terms this is a great time to pick up an Asicminer Block Erupter Blade...

gizmoh

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Activity: 1428

Merit: 1000

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..

ShroomsKit

hero member

Activity: 672

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.

The loss of confidence if we go that low again will be massive. So lets hope this won't happen.

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: SlipperySlope on June 02, 2013, 04:56:11 AM

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the 15-minute chart, perhaps with the apex at $125.

But we ripped straight through the trendline we've been on since 50. Embarrassed

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

NamelessOne

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Activity: 840

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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.

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: gizmoh on June 02, 2013, 04:57:41 AM

Quote from: SlipperySlope on June 02, 2013, 04:56:11 AM

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the hourly chart, perhaps with the apex at $125.

In clearer terms?

LOL sell

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: SlipperySlope on June 02, 2013, 04:56:11 AM

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the hourly chart, perhaps with the apex at $125.

In clearer terms?

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the 15-minute chart, perhaps with the apex at $125.

ShroomsKit

hero member

Activity: 672

Merit: 500

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.

gizmoh

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Activity: 1428

Merit: 1000

WTF world war 3 on a sunday morning..The best roller coaster ever..managed to sell part at 130

smoothie

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LEALANA Bitcoin Grim Reaper

V O L A T I L I T Y

bobdude17

sr. member

Activity: 454

Merit: 250

It's as if someone let go of the market reins...

NamelessOne

legendary

Activity: 840

Merit: 1000

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.

Miz4r

legendary

Activity: 1246

Merit: 1000

Well it seems the day traders are back again lol. Let's trade this $10 swing. Tongue

StarenseN

legendary

Activity: 2478

Merit: 1362

huhu fake 6K 125$ wall

arklan

legendary

Activity: 1778

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boing!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33332. (Read 26498151 times)