Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19833.

wutizurkwest

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Quote from: gizmoh on December 16, 2015, 03:00:38 PM

Quote from: wutizurkwest on December 16, 2015, 02:54:51 PM

It's too early to call a trend, but since the Fed announcement the yuan has lost ground against other major currencies. Here's one example:

Source: http://www.xe.com/currencycharts/?from=CNY&to=EUR&view=12h

Bullish.

And you're posting a EURO /CNY chart.

The USD/CNY chart shows the contrary..

Bearish

CNY and USD haven't moved much relative to each other, they are in the same range as before the annoucement, but USD is also down against the Euro, as well as the other currencies in the drop-down selection box.

Edit: nevermind, it looks like all the currency pairs are returning to pre-announcement ratios. Just the system absorbing the news, I guess.

peonminer

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Crypto is King.

Divitiae miserae

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Bitfinex price is still oscillating around the median of the previous wedge, but given that it rebounded onto the four-day lower trend line (which I'm glad we've just tested) we might be headed upwards.

gizmoh

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Quote from: wutizurkwest on December 16, 2015, 02:54:51 PM

It's too early to call a trend, but since the Fed announcement the yuan has lost ground against other major currencies. Here's one example:

Source: http://www.xe.com/currencycharts/?from=CNY&to=EUR&view=12h

Bullish.

And you're posting a EURO /CNY chart.

The USD/CNY chart shows the contrary..

Bearish

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

wutizurkwest

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It's too early to call a trend, but since the Fed announcement the yuan has lost ground against other major currencies. Here's one example:

Source: http://www.xe.com/currencycharts/?from=CNY&to=EUR&view=12h

Bullish.

spooderman

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Holliday

where have you been?

Holliday

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Quote from: TERA on December 16, 2015, 02:44:12 PM

That's the first time I ever used the ignore feature

You must be new here. Wink

TERA

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That's the first time I ever used the ignore feature

peonminer

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Crypto is King.

Battle for middle earth activate

TERA

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The fed decision probably has little impact in either direction since btc is global and since it's more driven by technological adoption than traditional investing, and 0.25% probably isn't breaking the bank for anyone.

Divitiae miserae

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Quote from: DrShell on December 16, 2015, 02:24:25 PM

I can't post pictures because I'm a newbie.

But look at the EUR-USD Chart, doesn't it look exactly like the BTC/USD chart ? (same curve kinda ...)
EUR dipped than returned in an instant ...

Will be a nice rollercoaster tru the night ...

Price movements in Kraken follow a more conservative - sometimes anxious - path.
Now Moon.

r0ach

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Interest rate hike is bullish for Bitcoin. All excess liquidity from 0% interest went to stock buybacks creating a bubble in that market. It did not create a bubble in Bitcoin. Bitcoin was in a bear market the entire time from Gox.

Stocks imploding when liquidity is removed means investors have to leave that market and go to a new one to try and increase or preserve their wealth. They aren't going to put everything in a bank and make nothing while also having faith in banks at an all time low.

DrShell

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I can't post pictures because I'm a newbie.

But look at the EUR-USD Chart, doesn't it look exactly like the BTC/USD chart ? (same curve kinda ...)
EUR dipped than returned in an instant ...

Will be a nice rollercoaster tru the night ...

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: peonminer on December 16, 2015, 02:23:21 PM

Quote from: Fatman3001 on December 16, 2015, 02:21:03 PM

Quote from: spooderman on December 16, 2015, 02:17:17 PM

so now that dollars are more attractive people sell them for bitcoins immediately?

The dollar isn't going to increase five fold in value because of a 0.25% rate hike.

BTCitcoin will. Wink

Yup, yup!

peonminer

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Crypto is King.

Quote from: Fatman3001 on December 16, 2015, 02:21:03 PM

Quote from: spooderman on December 16, 2015, 02:17:17 PM

so now that dollars are more attractive people sell them for bitcoins immediately?

The dollar isn't going to increase five fold in value because of a 0.25% rate hike.

BTCitcoin will. Wink

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: spooderman on December 16, 2015, 02:17:17 PM

so now that dollars are more attractive people sell them for bitcoins immediately?

The dollar isn't going to increase five fold in value because of a 0.25% rate hike.

Hunyadi

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☑ ♟ ☐ ♚

Quote from: spooderman on December 16, 2015, 02:17:17 PM

so now that dollars are more attractive people sell them for bitcoins immediately?

TERA

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spooderman

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so now that dollars are more attractive people sell them for bitcoins immediately?

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