Will it go above 80 or shy back to 70?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: Walsoraj on July 08, 2013, 10:30:56 AM

Most walls vaporize, propelling price in that direction. So, floor-wall = expect downward price; ceiling-wall = expect upward price.

This last ceiling-wall not rocketing us to da moon has me scared a bit... Why no longer working? Huh

The Bitcoin trading playbook is constantly changing. I'm calling this big sell wall The Tsunami. Watch it suck the price down and then sweep down back to 70.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Most walls vaporize, propelling price in that direction. So, floor-wall = expect downward price; ceiling-wall = expect upward price.

This last ceiling-wall not rocketing us to da moon has me scared a bit... Why no longer working? Huh

Frozenlock

sr. member

Activity: 434

Merit: 250

Now at $75. My guess is it will venture back to $82 to create something looking like a reverse head and shoulder on the 4h candles.
Wink

ehoffman

sr. member

Activity: 378

Merit: 250

The wall has won...

Moogle

full member

Activity: 238

Merit: 100

KUPO!

shy back down to 70. maybe even lower

ehoffman

sr. member

Activity: 378

Merit: 250

Quote from: Inedible on July 08, 2013, 06:04:29 AM

I've noticed that there are several thousand-Bitcoin walls that magically vanish before prices quite reach them.

You don't know how much of that wall is real.

Edit: Hyphen for clarity

Indeed, we often see someone waking up and seeing his wall being eaten, and push it at another point Roll Eyes

naphto

sr. member

Activity: 392

Merit: 250

We can use a plane Sad

xorglub

full member

Activity: 204

Merit: 100

down it goes...

sacko

full member

Activity: 174

Merit: 253

above 80

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

I've noticed that there are several thousand-Bitcoin walls that magically vanish before prices quite reach them.

You don't know how much of that wall is real.

Edit: Hyphen for clarity

ehoffman

sr. member

Activity: 378

Merit: 250

Well, I guess it depends if we can crush that 5121.468 BTC (at this time) wall...

I really didn't expect a rise in the first place. Usually, the trend is to rise during the week, and tank during week-end, but we got the inverse situation.

Well, time will tell.

Topic: Will it go above 80 or shy back to 70? (Read 1058 times)