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Author Topic: Massive sell order just went down.  (Read 1492 times)
fcmatt
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August 26, 2011, 06:39:48 PM
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Big big sell going on right now.

thoughts?
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Sitarow
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August 26, 2011, 06:40:47 PM
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how did that meeting with big ol ben go? Smiley
Bitcoin Swami
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August 26, 2011, 06:43:16 PM
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i'd buy right now if I had money. lol.  Everytime there is a huge sell there seems to be a huge buy to counteract.  (usually)
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August 26, 2011, 06:45:24 PM
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i'd buy right now if I had money. lol.  Everytime there is a huge sell there seems to be a huge buy to counteract.  (usually)

It's not low enough yet for me to buy.. I'm not going in above $6.50
fcmatt
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August 26, 2011, 06:53:24 PM
 #5

The wall at 8.50 was shattered.. and 8 is barely holding on. I have a feeling whoever is
selling such large amounts is just waiting for fresh blood to put in buy orders above it.
strictlyfocused
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August 26, 2011, 07:02:38 PM
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The wall at 8.50 was shattered.. and 8 is barely holding on. I have a feeling whoever is
selling such large amounts is just waiting for fresh blood to put in buy orders above it.

That "wall" at 8.50 may as well have been a pile of dry leaves based on how it held ...
gw4tt
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August 26, 2011, 07:04:51 PM
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Looked fake to me. Anything with a straight line I usually regard as fake. So $6.50 also looks fake.
dree12
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August 26, 2011, 07:13:56 PM
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$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.
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August 26, 2011, 07:16:12 PM
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$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.

Not all of them are fake, just a lot of them. I've seen them just disappear 60 - 70% of the time.

It's probably going to keep falling though, there's not much stopping it now until it reaches the $6 area.
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August 26, 2011, 08:18:25 PM
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Looked fake to me. Anything with a straight line I usually regard as fake. So $6.50 also looks fake.

bitcoincharts shows a nice volume bar when 8.5 was drilled. Sounds it was genuine.

fcmatt
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August 26, 2011, 09:14:14 PM
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fun fun fun. my buy order at 7.63 did not get filled. so close!
Looks like 7.642 was the low on the gox.
I guess I will leave it there for a while longer.

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