Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
chessnut
on 06/10/2014, 02:15:20 UTC
Will the 20000 bitcoin bitstamp sell order at $300 throw your calculations off a bit?

NO.

care to elaborate?

Panic selling always pushes the price as far as it can go, you can count on it that we are at tough support here. count how many bitcoins have been sold over the down trend. A small order like 20k bitcoin is easily absorbed over the exchanges.