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Author Topic: Holy shit look at that wall  (Read 4389 times)
deepceleron
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February 13, 2012, 04:22:18 AM
 #21

Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!

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RyNinDaCleM
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February 13, 2012, 04:26:00 AM
 #22

Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!

Lol!

If the 5.21 wall is just there to force volume into the 5.20 wall, then you have the right idea.

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February 13, 2012, 04:29:19 AM
 #23

BUY!!!!!!!!!!!!!!

mooo for rent
abeaulieu
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February 13, 2012, 04:29:52 AM
 #24

Anyone else notice the small wall at $5.42 as well?
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February 13, 2012, 04:30:56 AM
 #25

Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!

Lol!

If the 5.21 wall is just there to force volume into the 5.20 wall, then you have the right idea.

Looks like its having the opposite effect...

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February 13, 2012, 04:34:16 AM
 #26

its actually quite obvious what is going on. By not allowing the V-bottom, whoever is shorting and has that wall at 5.21 is forcing a bearish chart in both the daily, hourly, etc ... flatline=continuation pattern=more downside in this case. You gotta have money to make money plain and simple...seen this same crap in penny stocks way back in the day. This will all end badly for whoever is doing this though unless he can break the chart and cause panic selling since without panic selling there is no one for him to cover his shorts into which is probably quite a bit. Both outlooks mean that we either collapse or scream higher depending on how much more money whoever is doing this has. I gotta say though, by breaking the MACD cross at the neutral line on the daily, the charts are not at all bullish anymore, so congrats to whoever is shorting.

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February 13, 2012, 04:45:05 AM
 #27

its actually quite obvious what is going on. By not allowing the V-bottom, whoever is shorting and has that wall at 5.21 is forcing a bearish chart in both the daily, hourly, etc ... flatline=continuation pattern=more downside in this case. You gotta have money to make money plain and simple...seen this same crap in penny stocks way back in the day. This will all end badly for whoever is doing this though unless he can break the chart and cause panic selling since without panic selling there is no one for him to cover his shorts into which is probably quite a bit. Both outlooks mean that we either collapse or scream higher depending on how much more money whoever is doing this has. I gotta say though, by breaking the MACD cross at the neutral line on the daily, the charts are not at all bullish anymore, so congrats to whoever is shorting.

exactly, he's dead.

abeaulieu
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February 13, 2012, 04:46:53 AM
 #28

wall fell. new wall at 5.42
Sysrq
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February 13, 2012, 04:46:59 AM
 #29

The ask wall is gone !  Shocked

Where are we going now ? Wink
Electricbees
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February 13, 2012, 04:48:41 AM
 #30

It's kind of like watching 300...

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adamstgBit
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February 13, 2012, 04:51:15 AM
 #31

It's kind of like watching 300...

 Angry

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THIS IS WHERE THEY DIE

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February 13, 2012, 05:01:15 AM
 #32

and were movin on up ♬

mooo for rent
waveaddict
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February 13, 2012, 05:09:37 AM
 #33

if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.

hiVe
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February 13, 2012, 11:05:06 AM
 #34

if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.

I kinda agree with you here, but lets face it, stranger things have happens already...I wouldn't be surprised if the bottom if far from the calculated targets and actually lands more to the upside, closer to 5.
waveaddict
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February 13, 2012, 01:53:36 PM
 #35

the bottom print at 4.62 needs to be retested or surpassed for this to be a valid correction so 5 is a little high still  Wink

if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.

I kinda agree with you here, but lets face it, stranger things have happens already...I wouldn't be surprised if the bottom if far from the calculated targets and actually lands more to the upside, closer to 5.

BadBear
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February 13, 2012, 02:01:48 PM
 #36

I agree, we're lookin to see down to ~4 soon.

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abeaulieu
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February 13, 2012, 02:27:17 PM
 #37

I disagree. There's still a pretty solid buy wall at 5.20.

The market has just been oscillating between the 5.42 sell wall and 5.20 buy wall. The sell wall is weaker, and if that breaks there's not too much sell volume until the 5.70 price target.

but what do i know...
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February 13, 2012, 02:29:54 PM
 #38

I disagree. There's still a pretty solid buy wall at 5.20.

The market has just been oscillating between the 5.42 sell wall and 5.20 buy wall. The sell wall is weaker, and if that breaks there's not too much sell volume until the 5.70 price target.

but what do i know...

Walls lie more often than not. Either of them or both can be fake.
mobodick
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February 13, 2012, 03:05:07 PM
 #39


Just curious, but does this count as incest?
Or would it be a form of masturbation?
Electricbees
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February 13, 2012, 06:13:28 PM
 #40

Depends on your point of view. And that is as far as I'm willing to run with that...

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