Massive sell order just went down.

[fcmatt]

Big big sell going on right now.

thoughts?

[1715024409]

1715024409

[1715024409]

1715024409

[Sitarow]

how did that meeting with big ol ben go?

[Bitcoin Swami]

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]

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]

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]

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]

Looked fake to me. Anything with a straight line I usually regard as fake. So $6.50 also looks fake.

[dree12]

$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.

[gw4tt]

$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]

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]

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.