Well expected.
I missed the (first) target though, i though it was 1020$ (Bitstamp) but it stopped to 1050$.
well let's see, it's not over.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17971. (Read 26708219 times)
January 05, 2017, 04:31:50 AM
January 05, 2017, 04:30:40 AM
huobi froze and wouldn't let me trade any of that..
It's a conspiracy..
It's a conspiracy..
January 05, 2017, 04:29:39 AM
This is crazy!!!!wtf
January 05, 2017, 04:29:11 AM
Holy fuck what happened at finex just now?
Dump? Shorting? Time to run?
Lol. Good thing I have no bitcoins in an exchange. If I had some I'd sell em all. That was scary, y'know.
Better start transferring just in case...
January 05, 2017, 04:27:28 AM
Tzupy nailed it. Spot on. Congrats.
January 05, 2017, 04:27:00 AM
It will not work.
I believe it will work, just wait another 12 hours. If I'm right, this was just a tiny dump, a larger one should follow in about 12 hours.
It's possible, but I doubt it.
A large one *will* follow, but it's not time yet.
How large do you think?
About 3x the amplitude of this small dump, if the bearish scenario is favored, we'll see soon...
well, tzupy, I guess you were wrong.
Embarrassing... I counted the 1 - 3 - 5 of the 1 and called the top, but the real 3 and 5 were yet to come...
The 3x amplitude of a future correction may still happen in China, but western exchanges didn't properly follow, so they will drop less.
Exceeded my wildest expectations!
Unfortunately for me, I rationally closed my short just before the largest part of the dump... shrug... 
January 05, 2017, 04:26:38 AM
Now that's what you call a selloff... My question is: Why the hell would you do that in such a way? Creating panic? Because that's not a very good strategy to reach that.
January 05, 2017, 04:25:53 AM
Holy fuck what happened at finex just now?
Dump? Shorting? Time to run?
January 05, 2017, 04:25:01 AM
Holy fuck what happened at finex just now?
January 05, 2017, 04:24:46 AM
finex touched $900
January 05, 2017, 04:24:45 AM
Now THAT is a serious DUMB on finex! 
January 05, 2017, 04:24:14 AM
holy shit...
January 05, 2017, 04:12:56 AM
lol, this is volatility
January 05, 2017, 04:11:59 AM
January 05, 2017, 04:03:44 AM
It will not work.
I believe it will work, just wait another 12 hours. If I'm right, this was just a tiny dump, a larger one should follow in about 12 hours.
It's possible, but I doubt it.
A large one *will* follow, but it's not time yet.
How large do you think?
About 3x the amplitude of this small dump, if the bearish scenario is favored, we'll see soon...
well, tzupy, I guess you were wrong.
Embarrassing... I counted the 1 - 3 - 5 of the 1 and called the top, but the real 3 and 5 were yet to come...
The 3x amplitude of a future correction may still happen in China, but western exchanges didn't properly follow, so they will drop less.
January 05, 2017, 04:02:01 AM
It will not work.
I believe it will work, just wait another 12 hours. If I'm right, this was just a tiny dump, a larger one should follow in about 12 hours.
It's possible, but I doubt it.
A large one *will* follow, but it's not time yet.
How large do you think?
About 3x the amplitude of this small dump, if the bearish scenario is favored, we'll see soon...
well, tzupy, I guess you were wrong.
To be fair, I thought his call made a lot of sense...it's just that Bitcoin stops caring about what makes sense once it goes into full rally mode.
I hope the sucker buyed back in...
January 05, 2017, 03:33:51 AM
traders at stamp are completely out of cash.
price glued at $1,118, $40 below spot. nobody arbing until deposits come in.
price glued at $1,118, $40 below spot. nobody arbing until deposits come in.
Within the past hour, I just did a little bit of arbing there... my small contribution... , which just amounted to a couple of coins in total.
I'm just starting to think that sometimes there may be some folks on Bitstamp or whereever just playing the situation a bit, and they have money, but they let everyone run out of money first, and then BAAAAMMM, they hit...
That is probably what it is, there are a few hold outs... that are able to profit more when they wait for everyone else to use up most of their money first, then they can just buy it up and... BAAM... , as I said above.
January 05, 2017, 03:29:18 AM
Call me crazy, but I think we consolidate here for 12 - 36 hours. Momentum is sapped for now. I took out a small short position with a trailing stop. Time to sleep. After the markets rest, we can start the FOMO.
I hear you but tough call to say the Chinese honey badger is sated. I made the same call yesterday at the same time but turned out to just be badger nap time.
https://twitter.com/bbands/status/816717439853424640
China shows 3 pushes to new highs with declining momentum each time (over the past 12 hours, easiest to see on 15 minute charts). It just made a similar 3 push move on smaller time frames ending in a double top around the psychological barrier of 8888. It's already starting to turn down. If I'm wrong, I lose what I made with long positions tonight. If I'm right, I can double or triple what I made. Either way, the vast majority of my stash is safe and sound.
Good night and good luck
Indeed. Just because I was wrong yesterday doesn't prevent me from being wrong today for opposite reasons. Good luck.
January 05, 2017, 03:22:38 AM
It will not work.
I believe it will work, just wait another 12 hours. If I'm right, this was just a tiny dump, a larger one should follow in about 12 hours.
It's possible, but I doubt it.
A large one *will* follow, but it's not time yet.
How large do you think?
About 3x the amplitude of this small dump, if the bearish scenario is favored, we'll see soon...
well, tzupy, I guess you were wrong.
To be fair, I thought his call made a lot of sense...it's just that Bitcoin stops caring about what makes sense once it goes into full rally mode.
January 05, 2017, 03:17:36 AM
If the Chinese are panic buying at any price to get their money out while they can and then cashing out at Bitstamp - would that explain this?
If it is capital flight, it makes sense. What price boats on the deck of the Titanic?
Finex is in HK (still under Chinese jurisdiction) and also not trusted as much. Stamp is in the Euro zone... money is 'safer', other exchanges are newer and need registering etc.
Edit: Not the volume to totally justify this thoery of course.
Maybe transfers will arrive this morning and we will see Stamp shoot up if it's just lack of cash in there....
If it is capital flight, it makes sense. What price boats on the deck of the Titanic?
Finex is in HK (still under Chinese jurisdiction) and also not trusted as much. Stamp is in the Euro zone... money is 'safer', other exchanges are newer and need registering etc.
Edit: Not the volume to totally justify this thoery of course.
Maybe transfers will arrive this morning and we will see Stamp shoot up if it's just lack of cash in there....
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