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Author Topic: resistance at $5.3 deteriorating  (Read 4274 times)
bitcoinBull
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June 04, 2012, 06:42:31 AM
 #1

The wall at $5.3 is withering away (was equal in size to the bid wall. now half).


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zby
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June 04, 2012, 07:09:06 AM
 #2

The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down.  I personally don't expect much down move - but it is now correction time.
bitcoinBull
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June 04, 2012, 08:42:59 AM
 #3

The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down.  I personally expect much down move - but it is now correction time.

Thanks for clearing that up; I wasn't watching closely enough. Bid wall doubled then.

I agree with you; it is time for a correction. An upward correction, before resuming the long-term upward mega-trend!

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June 04, 2012, 09:17:42 AM
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It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.

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bitcoinBull
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June 04, 2012, 10:09:14 AM
 #5

It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.

The bear trap would be if we test $5.0-$5.1 one last time before gapping back up. But as of now, it looks like $5.5 is going to get squeezed sooner rather than later.

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bitcoinBull
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June 04, 2012, 12:47:22 PM
 #6

That was quicker than expected  Shocked

bid wall now three times the size of the asks.


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proudhon
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June 04, 2012, 02:04:32 PM
 #7

That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.
pcexpress4less
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June 04, 2012, 03:07:21 PM
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That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.

Someone Just did.
cloon
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June 04, 2012, 03:14:13 PM
 #9

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated

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June 04, 2012, 03:19:07 PM
 #10

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated


It was a 13k sell into the smaller bidwall. The huge bidwall got pulled.

Edit: And the askwall got a lot smaller.

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cloon
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June 04, 2012, 03:30:29 PM
 #11

yes now the 10k bid wall at 5.30 is equivalent to the 10k at 5.17
im not pessimistic right now...

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proudhon
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June 04, 2012, 03:33:31 PM
 #12

That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.

Someone Just did.

<pats self on back>
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June 04, 2012, 03:36:27 PM
 #13

You are patting your self for predicting a dump that didnt move the price...  Good job?
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June 04, 2012, 03:42:29 PM
 #14

looks like the bidwall's gone too...

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proudhon
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June 04, 2012, 03:56:09 PM
 #15

You are patting your self for predicting a dump that didnt move the price...  Good job?

A journey of a thousand miles begins with a single step.  Or something like that. 
bitcoinBull
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June 04, 2012, 04:06:21 PM
 #16

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated


It was a 13k sell into the smaller bidwall. The huge bidwall got pulled.

Edit: And the askwall got a lot smaller.


Accumulators be accumulatin'...

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June 04, 2012, 04:18:59 PM
 #17

More coins needed on Intersango  Wink


https://intersango.com/orderbook.php
phelix
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June 04, 2012, 05:44:11 PM
 #18

the wall is a lie

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June 04, 2012, 06:20:23 PM
 #19

the wall is a lie

maybe the lack of walls is the lie  Wink

bitcoinBull
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June 04, 2012, 06:27:55 PM
 #20

I scoff at your 'walls'...

The walls set the price.

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