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Title: del Post by: myself on February 08, 2012, 10:44:08 PM del
Title: Re: the next tipping point Post by: Edward50 on February 08, 2012, 10:47:28 PM The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3.
However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up. Seems like they don't want it to fall below $5.00, and will prevent it at all costs. Title: Re: the next tipping point Post by: teflone on February 08, 2012, 10:48:13 PM The tipping point is 9.75
That is all Title: Re: the next tipping point Post by: Koekiemonster on February 08, 2012, 10:48:30 PM We tested the 5.30 low 6 hours ago and since then 26k BTC in bids have piled up. My bet is we won't see it again.
Title: Re: the next tipping point Post by: proudhon on February 08, 2012, 10:53:20 PM The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3. However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up. Seems like they don't want it to fall below $5.00, and will prevent it at all costs. There's somebody just as intent on the price falling. Title: Re: the next tipping point Post by: byronbb on February 08, 2012, 10:56:52 PM Tipping point?? For what?
Title: Re: the next tipping point Post by: NamelessOne on February 08, 2012, 10:56:59 PM The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3. However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up. Seems like they don't want it to fall below $5.00, and will prevent it at all costs. There's somebody just as intent on the price falling. This. Right now it is a war between two big players leaving everyone else locked in the middle. Title: Re: the next tipping point Post by: s1mngg on February 08, 2012, 11:25:22 PM 5.3!!
Title: Re: the next tipping point Post by: proudhon on February 08, 2012, 11:43:34 PM What do you want it to be? Title: Re: the next tipping point Post by: proudhon on February 08, 2012, 11:45:38 PM What do you want it to be? look at my avatar ;DWill you lose money if the price pushes past $6.20? Title: Re: the next tipping point Post by: sgbett on February 08, 2012, 11:51:39 PM Title: Re: the next tipping point Post by: Hunterbunter on February 09, 2012, 12:03:17 AM We're at a point where the long term up trend is meeting the short term bear trend.
They will fight. Prices will be wild. The side with more money will set the final price. Title: Re: the next tipping point Post by: ineededausername on February 09, 2012, 12:13:41 AM The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3. However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up. Seems like they don't want it to fall below $5.00, and will prevent it at all costs. There's somebody just as intent on the price falling. This. Right now it is a war between two big players leaving everyone else locked in the middle. Remember the Alamo! https://i.imgur.com/dZQGb.png Title: Re: the next tipping point Post by: waspoza on February 09, 2012, 12:05:42 PM http://i.qkme.me/35z08t.jpg ;D ;D ;D ;D Its time to short squeeze now im affraid. :P Title: Re: the next tipping point Post by: bittenbob on February 09, 2012, 01:31:29 PM Who is to say larger players wouldnt make multiple accounts on bitcoinica with smaller balances so they could maintain 10:1 leverage.
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