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Question: Nov. 18 closing price:
<$35,000 - 4 (9.1%)
$35,000-$35,500 - 1 (2.3%)
$35,500-$36,000 - 4 (9.1%)
$36,000-$36,500 - 4 (9.1%)
$36,500-$37,000 - 4 (9.1%)
$37,000-$37,500 - 3 (6.8%)
$37,500-$38,000 - 4 (9.1%)
$38,000-$38,500 - 5 (11.4%)
$38,500-$39,000 - 2 (4.5%)
$39,000-$39,500 - 1 (2.3%)
$39,500-$40,000 - 0 (0%)
>$40,000 - 12 (27.3%)
Total Voters: 44

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26312450 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
luckygenough56
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February 02, 2018, 01:02:53 PM

Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.

because of short closing, it escalates quickly
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Dakustaking76
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February 02, 2018, 01:02:59 PM

Green dildo everywhere Grin
Rsiyz
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February 02, 2018, 01:04:36 PM

and now weeeeeeeee ........  Cheesy Cheesy Grin
PoolMinor
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February 02, 2018, 01:04:45 PM
Merited by explorer (1)

bitserve
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February 02, 2018, 01:05:27 PM

It has bounced EXACTLY at the weekly average.

The last time that line was touched was on August 1 2016. During the Bitfinex theft. Fucking Bitfinex as usual.
Rsiyz
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February 02, 2018, 01:06:25 PM

It has bounced EXACTLY at the weekly average.

14:00   ..  Wink Cheesy
somac.
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February 02, 2018, 01:07:04 PM

It has bounced EXACTLY at the weekly average.

Let's just fucking hope it continues to bounce
White sugar
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February 02, 2018, 01:08:42 PM

Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.

because it is bitcoin, since early days things were like this
TERA2
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February 02, 2018, 01:09:27 PM
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Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.

because of short closing, it escalates quickly
Also most of the sellers are really bulls who want to increase their coin stash and as soon as they smell a reversal, FOMO kicks in.
hexxodev_temp
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February 02, 2018, 01:09:41 PM

some one is building a bear trap..
luckygenough56
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February 02, 2018, 01:10:06 PM

nice to see btc can still bounce
kurious
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February 02, 2018, 01:10:11 PM

Well, volume's up for sure.

Is this the dump to finish them all?

Nice greenie so far

Yep, - be nice to find that WAS the bottom, no one will be happier than me.  But let's see!
Phil_S
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February 02, 2018, 01:10:41 PM

Briefly going under 8000 doesn't count!  Grin

Told ya!
RealMachasm
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February 02, 2018, 01:11:07 PM

Too early for rocket gifs?
I’ll get my coat.
Enjel
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February 02, 2018, 01:11:33 PM

This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.
explorer
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February 02, 2018, 01:12:35 PM

$1000 bounce in ~20 minutes.  Nothing to see here.
Dakustaking76
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February 02, 2018, 01:13:13 PM

This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.


Level over 999999999999999999999999999 manipulation.  Ofcourse
somac.
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February 02, 2018, 01:13:37 PM

This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.

The power of short covering
MelMan2002
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February 02, 2018, 01:14:40 PM

Ready your "It's over 9000" gifs?
explorer
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February 02, 2018, 01:15:28 PM

This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.

Those cascading sells you were seeing?  Those were a lot of leveraged shorts - borrowed coins.  Those borrowed coins need to be returned, meaning there will be buying to equal the selling.  They can be caught and forced to buy just as the leveraged longs can be caught and forced to sell, leading to these crazy swings and bounces.  Of course it is played to the max by anyone with the balls and bank.
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