Bitcoin Forum

Economy => Speculation => Topic started by: fcmatt on August 26, 2011, 06:39:48 PM



Title: Massive sell order just went down.
Post by: fcmatt on August 26, 2011, 06:39:48 PM
Big big sell going on right now.

thoughts?


Title: Re: Massive sell order just went down.
Post by: Sitarow on August 26, 2011, 06:40:47 PM
how did that meeting with big ol ben go? :)


Title: Re: Massive sell order just went down.
Post by: Bitcoin Swami on August 26, 2011, 06:43:16 PM
i'd buy right now if I had money. lol.  Everytime there is a huge sell there seems to be a huge buy to counteract.  (usually)


Title: Re: Massive sell order just went down.
Post by: gw4tt on August 26, 2011, 06:45:24 PM
i'd buy right now if I had money. lol.  Everytime there is a huge sell there seems to be a huge buy to counteract.  (usually)

It's not low enough yet for me to buy.. I'm not going in above $6.50


Title: Re: Massive sell order just went down.
Post by: fcmatt on August 26, 2011, 06:53:24 PM
The wall at 8.50 was shattered.. and 8 is barely holding on. I have a feeling whoever is
selling such large amounts is just waiting for fresh blood to put in buy orders above it.


Title: Re: Massive sell order just went down.
Post by: strictlyfocused on August 26, 2011, 07:02:38 PM
The wall at 8.50 was shattered.. and 8 is barely holding on. I have a feeling whoever is
selling such large amounts is just waiting for fresh blood to put in buy orders above it.

That "wall" at 8.50 may as well have been a pile of dry leaves based on how it held ...


Title: Re: Massive sell order just went down.
Post by: gw4tt on August 26, 2011, 07:04:51 PM
Looked fake to me. Anything with a straight line I usually regard as fake. So $6.50 also looks fake.


Title: Re: Massive sell order just went down.
Post by: dree12 on August 26, 2011, 07:13:56 PM
$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.


Title: Re: Massive sell order just went down.
Post by: gw4tt on August 26, 2011, 07:16:12 PM
$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.

Not all of them are fake, just a lot of them. I've seen them just disappear 60 - 70% of the time.

It's probably going to keep falling though, there's not much stopping it now until it reaches the $6 area.


Title: Re: Massive sell order just went down.
Post by: dserrano5 on August 26, 2011, 08:18:25 PM
Looked fake to me. Anything with a straight line I usually regard as fake. So $6.50 also looks fake.

bitcoincharts shows a nice volume bar when 8.5 was drilled. Sounds it was genuine.


Title: Re: Massive sell order just went down.
Post by: fcmatt on August 26, 2011, 09:14:14 PM
fun fun fun. my buy order at 7.63 did not get filled. so close!
Looks like 7.642 was the low on the gox.
I guess I will leave it there for a while longer.