Bitcoin Forum
June 21, 2024, 07:59:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin Trying to find support at Lower Fibonacci Level  (Read 1277 times)
BitcoinTraderFX (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
December 06, 2013, 06:26:15 PM
 #1


www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
BitcoinTraderFX (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
December 06, 2013, 06:45:11 PM
 #2

Not looking good. Lower Fib broken with ghusto.

www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
BitcoinTraderFX (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
December 06, 2013, 11:59:55 PM
 #3

Heavy selling coming in again. Pushing 850 and below.

www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
revans
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
December 07, 2013, 12:13:02 AM
 #4

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
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
December 07, 2013, 12:22:28 AM
 #5

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.
revans
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
December 07, 2013, 12:24:35 AM
 #6

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
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
December 07, 2013, 12:25:03 AM
 #7

/barf

Look inside yourself, and you will see that you are the bubble.
traderCJ
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
December 07, 2013, 12:28:38 AM
 #8

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
Sr. Member
****
Offline Offline

Activity: 350
Merit: 253


View Profile
December 07, 2013, 12:55:01 AM
 #9

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
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
December 07, 2013, 12:57:00 AM
 #10

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
traderCJ
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
December 07, 2013, 01:00:46 AM
 #11

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.
sumantso
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000



View Profile
December 07, 2013, 01:01:21 AM
 #12

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
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!