Bitcoin Forum

Have we just witnessed a failed super dump? The price was climbing when this dump happened. It hit 5.75 and bam the sell went through. It appears that it was a big player attempting to use trendlines and TA reports to drop the price only to have the market respond by continuing to climb just as if the dump didn't happen at at all.

New daily high of 5.83 as I write this. Too early to call... but I hope this keeps up.

Remember this one? We had some nice daily highs there as well.

http://www.sierrachart.com/userimages/upload_2/1328706984496.png

True, true. This all quite amusing though.

Just like the reaction after the long squeeze this looks like somone with deep pockets tried to stop the panic.

Let's take it down, myself.  Sell with me brother!

Sellers unite! haha ;D

Someone could have tried to buy up to $6.3 and mistakenly sold down to $5.3

Someone is running an attack, selectively disabling some traders (apparently including all of Europe), doing a dump and causing some chaos on Bitcoinica, suddenly high-price trades happen, and the response is: comment on the "new high" and "failed dump"?

Use your heads, they're there for a reason, seriously. :-\ The target of the attack might as well be overconfident US traders.

Mostly just what a hopeful wtf reaction. When I posted this it wasn't clear people weren't able to get to mtgox.com. Plenty of time left in the day for it to drop. =)