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Author Topic: Bitcoin Trying to find support at Lower Fibonacci Level  (Read 1297 times)
BitcoinTraderFX (OP)
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December 06, 2013, 06:26:15 PM
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December 06, 2013, 06:45:11 PM
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Not looking good. Lower Fib broken with ghusto.

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BitcoinTraderFX (OP)
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December 06, 2013, 11:59:55 PM
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Heavy selling coming in again. Pushing 850 and below.

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revans
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December 07, 2013, 12:13:02 AM
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Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.
traderCJ
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December 07, 2013, 12:22:28 AM
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Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.
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December 07, 2013, 12:24:35 AM
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Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.


It has a long long way to drop yet based on the chat data.
Ibian
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December 07, 2013, 12:25:03 AM
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/barf

Look inside yourself, and you will see that you are the bubble.
traderCJ
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December 07, 2013, 12:28:38 AM
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Supports are crumbling beneath it as it approaches. If this was a stock the company behind it would probably be a few days from declaring bankruptcy.

Dumbass, we broke through 850 on 11/22.  Big whoop.


It has a long long way to drop yet based on the chat data.

What data
kireinaha
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December 07, 2013, 12:55:01 AM
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Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?

Night gathers, and now my bitcoinwisdom watch begins.
revans
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December 07, 2013, 12:57:00 AM
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Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price
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December 07, 2013, 01:00:46 AM
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It has a long long way to drop yet based on the chat data.

What data

The chat data! You know, threads on the forum here.

Oh right!  Hey I found some roadkill outside my house and based on the way its spleen looks, I'd say we're breaking through Fibobullshit level #39 and Ellioidiot wave #53.
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December 07, 2013, 01:01:21 AM
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Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price

What is that?

revans
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December 07, 2013, 01:27:38 AM
 #13

Smashed through the lower Fib line, but still holding at 850 somehow. This must be all the bulls in denial? Once we wrap up and shake the dew off the lily, we're heading back down again?


I think there are a lot of very reluctant sellers holding out, I also suspect there are wash trades being used by exchanges to try and support the price

What is that?

http://en.wikipedia.org/wiki/Wash_trade
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