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Frozenlock
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July 01, 2013, 06:05:54 PM |
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As everyone can see, the buyers are rushing to get those cheap coins. Or not.  |
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Its About Sharing
Legendary
 Offline
Activity: 1442
Merit: 1000
Antifragile
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July 01, 2013, 06:07:06 PM |
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That was interesting. I left sounds on for sales of 10 or more and as I came home and walked in the door I just heard the lower tone going off and it wasn't stopping.
I thought "That has got to be in the thousands..."
Funny thing, I had a flash of that on the walk home. Coincidence?
Regarding the downward price movement, it is what I've been saying - Look at the size of the sells compared to buys. They are often much much larger.
The chart tells you a little bit of that, but you need to be watching the tape to appreciate it.
Anyone know of a tool to compare sell sizes to buy sizes? I know of no volume indicator that does that.
Even if there was one, the danger we all face (if holding) is a big seller coming on and just dumping a bunch. As others have said, the bids are lined up
there for the taking.
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barbs
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July 01, 2013, 06:07:56 PM |
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As everyone can see, the buyers are rushing to get those cheap coins. Or not. You're easily the smartest person on this forum! |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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July 01, 2013, 06:13:34 PM |
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As everyone can see, the buyers are rushing to get those cheap coins. Or not. Unbelievably, there are still a few morons doing 100+ buys right now. How stupid can you be? Cant wait to see them get burnt. |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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July 01, 2013, 06:15:10 PM |
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Unbelievably, there are still a few morons doing 100+ buys right now.
How stupid can you be?
Cant wait to see them get burnt.
They cannot fathom the nature and severity of The Great Dollar Extraction. In the same way as gold bulls, bitbulls are in complete denial of what is happening.  |
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wonkytonky
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July 01, 2013, 06:15:25 PM |
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maybe big guy was tired of the downtrend.. dumps hard enough .. so we hit the support line .. now we can go up again..
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ehoffman
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July 01, 2013, 06:15:42 PM |
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Dump it... to Mt. Crumpit Gox  |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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July 01, 2013, 06:18:29 PM |
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Unbelievably, there are still a few morons doing 100+ buys right now.
How stupid can you be?
Cant wait to see them get burnt.
They cannot fathom the nature and severity of The Great Dollar Extraction. In the same way as gold bulls, bitbulls are in complete denial of what is happening. Yep, if they only read this thread they would save soo much money. |
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Frozenlock
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July 01, 2013, 06:18:45 PM |
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Unbelievably, there are still a few morons doing 100+ buys right now.
How stupid can you be?
Cant wait to see them get burnt.
They cannot fathom the nature and severity of The Great Dollar Extraction. In the same way as gold bulls, bitbulls are in complete denial of what is happening. Denial stage. Long way to go.   |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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July 01, 2013, 06:19:31 PM |
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Funny people who thought we had enough momentum to break 100.
Funny, isn't it? |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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July 01, 2013, 06:20:03 PM |
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$88 here we come
I missed you so much
As our friend Blitz would say, "The Great Dollar Extraction" is on.
Are you getting 88 from the move up (before the bubble)? Or are you extrapolating somewhere? My number is 82 but as I've said, I don't know that I play a bounce there. This could get violent as large holders might want to sell their coins before others. After all, we are under 100, solidly now... |
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TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
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July 01, 2013, 06:20:46 PM |
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Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 01, 2013, 06:20:49 PM |
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As everyone can see, the buyers are rushing to get those cheap coins. Or not. Unbelievably, there are still a few morons doing 100+ buys right now. How stupid can you be? Cant wait to see them get burnt. hmm really strange that when someone buys to be 100 btc now and still on MtGox more expensive than everywhere else ... |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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July 01, 2013, 06:21:29 PM |
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As everyone can see, the buyers are rushing to get those cheap coins. Or not. Unbelievably, there are still a few morons doing 100+ buys right now. How stupid can you be? Cant wait to see them get burnt. hmm really strange that when someone buys to be 100 btc now and still on MtGox more expensive than everywhere else ... Yes, but more trusted. |
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kickinyou
Member
Offline
Activity: 93
Merit: 10
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July 01, 2013, 06:22:09 PM |
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That effekt after the big sell was not what i did expect
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telemaco
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July 01, 2013, 06:22:43 PM |
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Unbelievably, there are still a few morons doing 100+ buys right now.
How stupid can you be?
Cant wait to see them get burnt.
They cannot fathom the nature and severity of The Great Dollar Extraction. In the same way as gold bulls, bitbulls are in complete denial of what is happening. Denial stage. Long way to go. Still on denial? i thought we were already on capitulation |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 01, 2013, 06:23:23 PM |
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ok enough emotional outbursts, for the technical side of things i think we need to be looking at volume, not necessarily looking for big volume, but good consistent volume with good walls that are quickly replaced if bought or sold into. the spread is much tighter than it use to be, watch if it tightens more. look for buy signals  |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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July 01, 2013, 06:23:39 PM |
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$88 here we come
I missed you so much
As our friend Blitz would say, "The Great Dollar Extraction" is on.
Are you getting 88 from the move up (before the bubble)? Or are you extrapolating somewhere? My number is 82 but as I've said, I don't know that I play a bounce there. This could get violent as large holders might want to sell their coins before others. After all, we are under 100, solidly now... Are you saying 82 today or soon? |
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Ultraviolet
Member
Offline
Activity: 84
Merit: 10
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July 01, 2013, 06:29:59 PM |
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88 is a 30 day low and we're almost there. No buying pressure at 94-95 is ultra bearish. No buying pressure at 89-91 after a huge dump is also very bearish.
I really would not be surprised to see BTC hit stable 60-70 either this month or August. Unless a lot of new blood comes into the market there's no chance we'll be seeing 150+ again, and the last time a lot of new blood got brought into the market it got raped by whales in their pump and dump scheme.
Long term super bullish is still correct imo, but it's going to take a lot more than the absolutely nothing that is happening with Bitcoin right now to start to reach even the beginning stages of widespread adoption.
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