Author

Topic: We've got some big asks until 50 (Read 488 times)

newbie
Activity: 14
Merit: 0
March 11, 2013, 02:25:45 AM
#8
I'm hoping we breach 50 but am still worried that we will experience another dip before we hit the 50 mark. For some reason it seems people like round numbers, and 50 especially. As soon as the price creeps up towards 50 such a large amount of sell orders come in driving the price slightly down and extending the wait until we reach that glorious plateau.
hero member
Activity: 784
Merit: 1000
member
Activity: 68
Merit: 10
March 11, 2013, 01:15:31 AM
#6
i think we will breach 50 for sure this week...maybe not on monday though.
legendary
Activity: 1288
Merit: 1226
Away on an extended break
March 11, 2013, 01:11:26 AM
#5
Some of that will disappear as we approach it.

True. I know that happens, but why? If you are aren't willing to sell then why put it up. Some sort of Bearish psychological stunt?
Yes, sort of. To give the impression of low prices so that they can snap up more.
newbie
Activity: 23
Merit: 0
March 11, 2013, 01:10:53 AM
#4
What site do you use that shows the depth chart?
hero member
Activity: 784
Merit: 1000
March 11, 2013, 01:07:42 AM
#3
Some of that will disappear as we approach it.

True. I know that happens, but why? If you are aren't willing to sell then why put it up. Some sort of Bearish psychological stunt?
sr. member
Activity: 291
Merit: 250
March 11, 2013, 01:03:24 AM
#2
Some of that will disappear as we approach it.
hero member
Activity: 784
Merit: 1000
March 11, 2013, 01:01:43 AM
#1
We've got some big ASkS walls to knock down before we get to 50. Think it will happen Monday?




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