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Title: that big drop was a......... Post by: XXthetimeisnowXX on July 31, 2013, 04:14:40 PM major drop in price, what do you think? was it a bull trap this whole time and now its snapping shut? or is it a classic bear trap in the making where others will sell and then the suckers will lose cuz it will go back up past 111? maybe just a few big fish selling off??? 2 and 4 are sorrta the same.
Title: Re: that big drop was a......... Post by: vokain on July 31, 2013, 04:17:18 PM price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100 bubble keeps deflating, nothing to see here You mean mini-bubble deflating. We weren't ready for $110 yet ;D yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86. slow grind up is the best kind of climb i think it's standard distribution before consolidation Title: Re: that big drop was a......... Post by: vps15 on July 31, 2013, 04:24:00 PM Just someone selling off, bears turning bulls should have taken advantage of that sudden fall
Title: Re: that big drop was a......... Post by: Its About Sharing on July 31, 2013, 04:26:00 PM price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100 bubble keeps deflating, nothing to see here You mean mini-bubble deflating. We weren't ready for $110 yet ;D yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86. slow grind up is the best kind of climb i think it's standard distribution before consolidation It does appear like that. Very big money got us here. There are not enough buyers around for them to unload to. This is the smaller players cashing in on a profit (I hope). Big money will appear again if we go to low... Title: Re: that big drop was a......... Post by: XXthetimeisnowXX on July 31, 2013, 04:47:33 PM wow didnt think we would be back to 108 so fast, unless it dips again i guess that was a bear trap. ha and i sold some. hum guess im not as bullish as i thought. dough! :D
Title: Re: that big drop was a......... Post by: Tzupy on July 31, 2013, 05:04:33 PM IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101. Title: Re: that big drop was a......... Post by: XXthetimeisnowXX on July 31, 2013, 05:25:03 PM IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad. I guess it's possible to have another drop to 103, maybe 101. that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is. Title: Re: that big drop was a......... Post by: Qoheleth on July 31, 2013, 05:41:24 PM That big drop was the price going down.
Anything beyond that is spin and salad dressing. Title: Re: that big drop was a......... Post by: vokain on July 31, 2013, 05:45:46 PM That big drop was the price going down. Anything beyond that is spin and salad dressing. *looks at board name* hehe but of course Title: Re: that big drop was a......... Post by: derpinheimer on July 31, 2013, 05:49:44 PM IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad. I guess it's possible to have another drop to 103, maybe 101. that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is. Problem with expecting walls to hold the price up, is that they are often seen as the last exit point before a large fall.. so, if we go to 101.5 or something, then 101 will likely be eaten. Quickly. |