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Title: Will it go above 80 or shy back to 70? Post by: ehoffman on July 08, 2013, 10:56:34 AM Well, I guess it depends if we can crush that 5121.468 BTC (at this time) wall...
http://m0.fast-meteo.com/system/images/13036/large/Bisotoon.jpg 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. Title: Re: Will it go above 80 or shy back to 70? Post by: Inedible on July 08, 2013, 11:04:29 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 Title: Re: Will it go above 80 or shy back to 70? Post by: sacko on July 08, 2013, 11:25:58 AM above 80 8)
Title: Re: Will it go above 80 or shy back to 70? Post by: xorglub on July 08, 2013, 11:27:04 AM down it goes...
Title: Re: Will it go above 80 or shy back to 70? Post by: naphto on July 08, 2013, 12:02:55 PM We can use a plane :(
Title: Re: Will it go above 80 or shy back to 70? Post by: ehoffman on July 08, 2013, 12:46:55 PM 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 ::) Title: Re: Will it go above 80 or shy back to 70? Post by: Moogle on July 08, 2013, 12:55:36 PM shy back down to 70. maybe even lower
Title: Re: Will it go above 80 or shy back to 70? Post by: ehoffman on July 08, 2013, 01:44:48 PM The wall has won...
Title: Re: Will it go above 80 or shy back to 70? Post by: Frozenlock on July 08, 2013, 03:22:27 PM 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.
;) Title: Re: Will it go above 80 or shy back to 70? Post by: Walsoraj on July 08, 2013, 03:30:56 PM 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? ??? Title: Re: Will it go above 80 or shy back to 70? Post by: cbeast on July 08, 2013, 03:40:27 PM 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? ??? 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. |
