Bitcoin Forum
December 03, 2016, 05:56:00 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: The Great Wall of March 26  (Read 3610 times)
rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
March 29, 2012, 08:19:00 AM
 #41

Wasn't 45K BTC about what was stole from Bitcoinica? Maybe this is the tactic Zhou took to fill his reserves. If that's the case, you'd expect that wall to hold.

Alternative theory: Someone put up a blatant wall to define a temporary bottom and is selling higher, somewhere around 4.8 USD per BTC, using a bot to avoid placing a wall there. I'm not sure the volume we're seeing really justifies this theory. Does anyone have historical depth data for the last few days? If this scenario is correct, you should see significant resistance at 4.8-ish which isn't reflected in the market depth charts.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!