SheHadMANHands
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October 27, 2013, 12:39:24 AM

if we don't see some buying soon, we will crash; target 168

right now another 10000 coins would have to be dumped (the same amount that was dumped when we were at 230) before we even hit 175. Do you really think another monster dump could come now? obviously its possible, but i feel its not that likely...

Everything is possible, right?  You wouldn't dump 10k coins, which would maybe be at an average sale price of, say, $180, unless you thought it would crash further and were pretty confident of it.  You'd either be hoping you could purchase those 10k coins back at a lower price afterwards, than $180 (good luck with that), or you seriously think it's unlikely the price of bitcoin will pass $180 (as for dumping 10k bitcoins) over the next few years.  

Given a possible cup and handle forming, and the general consensus that, pending no really bad news, this appears to be a consolidation before pumping north, it would seem extremely dumb... but who knows.  Always possible, not probable.  Maybe an epic fail mis-click?    Cheesy

I'd be afraid to even short right now, because if feels like, at any second, a few nice buy orders stringed together could set off a rampage north.  But that's just me (and really not based on much).