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Massive sell order just went down.
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Topic: Massive sell order just went down. (Read 1703 times)
fcmatt
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Massive sell order just went down.
August 26, 2011, 06:39:48 PM
#1
Big big sell going on right now.
thoughts?
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Sitarow
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Re: Massive sell order just went down.
August 26, 2011, 06:40:47 PM
#2
how did that meeting with big ol ben go?
Bitcoin Swami
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Re: Massive sell order just went down.
August 26, 2011, 06:43:16 PM
#3
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)
gw4tt
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Re: Massive sell order just went down.
August 26, 2011, 06:45:24 PM
#4
Quote from: Bitcoin Swami on August 26, 2011, 06:43:16 PM
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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Re: Massive sell order just went down.
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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Re: Massive sell order just went down.
August 26, 2011, 07:02:38 PM
#6
Quote from: fcmatt on August 26, 2011, 06:53:24 PM
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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Re: Massive sell order just went down.
August 26, 2011, 07:04:51 PM
#7
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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Re: Massive sell order just went down.
August 26, 2011, 07:13:56 PM
#8
$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.
gw4tt
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Re: Massive sell order just went down.
August 26, 2011, 07:16:12 PM
#9
Quote from: dree12 on August 26, 2011, 07:13:56 PM
$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.
dserrano5
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Re: Massive sell order just went down.
August 26, 2011, 08:18:25 PM
#10
Quote from: gw4tt on August 26, 2011, 07:04:51 PM
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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Re: Massive sell order just went down.
August 26, 2011, 09:14:14 PM
#11
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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