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dreamspark
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May 27, 2014, 08:45:34 AM |
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Woke up with a sell order having gone through on Kraken, not buying back in until I see a few green candles on the hour views to be safe.
Any reason people dumped, aside from it being a correction as we've gone up too fast?
My guess is just a correction, Im expecting some new , money on the exchanges in the next few hours so would stand to reason some bigger players trying to increse their position before it enters. Who knows, but one of the joys of buying back low $400's and being general in a bullish market is not having to fret too much. IMO its silly to buy or sell here, just hodl  |
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rpietila
Donator
Legendary
 Offline
Activity: 1722
Merit: 1036
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May 27, 2014, 08:46:40 AM |
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I don't think we're going lower then this tbh
headed to 630 in a couple days
540 retest was question for discussion. Thoughts for/against? We have not yet seen any Fibonacci retracements during the breakout. If there is one in the cards now, it would be about 538. So yes, I support this one. 500 should hold because that's the 2nd retracement level. |
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akujin
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May 27, 2014, 08:49:31 AM |
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dreamspark
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May 27, 2014, 08:50:59 AM |
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many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move. |
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dreamspark
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May 27, 2014, 08:54:40 AM |
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I would expect a decent retrace here, the longs on Bitfinex are the highest they've been since the first week in feb.
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akujin
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May 27, 2014, 08:54:59 AM |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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May 27, 2014, 08:55:35 AM |
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many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move. This much and this fast? |
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tupelo
Member
Offline
Activity: 99
Merit: 10
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May 27, 2014, 08:56:32 AM |
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the weak hands are plenty in this one
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studio1one
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May 27, 2014, 08:56:47 AM |
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meh, why the panic?  |
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blatchcorn
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May 27, 2014, 08:57:28 AM |
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meh, why the panic? Markets are fickle |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 27, 2014, 08:57:32 AM |
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I don't think we're going lower then this tbh
headed to 630 in a couple days
540 retest was question for discussion. Thoughts for/against? We have not yet seen any Fibonacci retracements during the breakout. If there is one in the cards now, it would be about 538. So yes, I support this one. 500 should hold because that's the 2nd retracement level. 520 is also possible. 50% retracement from 440 at beginning of rally. |
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ChrisML
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May 27, 2014, 08:57:48 AM |
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You say boom a lot. You like getting boomed up the butt? Buy... Dont even Think about whining that you've missed the train. |
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dreamspark
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May 27, 2014, 09:00:00 AM |
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many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move. This much and this fast? How many coins were bought between $440 and this price 24 hours ago? A shit load, one person could be selling all those coins, theoretically, its only been 1500 a big entity could have eaasily bought 1500 coins between $450 and $500 and selling them now for close to $100k profit. Just think its silly to always assume everytime someone sells that its in panic and they don't know what theyre doing. Some unknown news is more likely obviously. |
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Davyd05
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May 27, 2014, 09:00:25 AM |
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personally feel this is panic...but maybe not.. I suppose pigs could be getting slaughtered or whales profit taking..so many options  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 27, 2014, 09:00:36 AM |
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akujin
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May 27, 2014, 09:01:34 AM |
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You say boom a lot. You like getting boomed up the butt? Buy... Dont even Think about whining that you've missed the train. <-- LOL! The fear is strong on this one  |
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dreamspark
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May 27, 2014, 09:02:18 AM |
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Just wait for the buying back to start and the pigs to be slaughtered |
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ChrisML
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May 27, 2014, 09:04:11 AM |
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You say boom a lot. You like getting boomed up the butt? Buy... Dont even Think about whining that you've missed the train. <-- LOL! The fear is strong on this one Nah. It's Just annoying that kids like you try to spread fud and fear on a forum which represents the BTC community.  I've been hodling and buying through worse. 20 bucks price drop.. So what |
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Davyd05
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May 27, 2014, 09:05:50 AM |
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Just wait for the buying back to start and the pigs to be slaughtered Stamps 4h charts looking at the volume candles pretty similar... except the market depth was eaten almost 2ice now. so this time around had a more severe price effect ...and so might end up with higher volume and more dumping but I feel the pigs are going to be fried. already surpassed the past candle by 300btc |
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