Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19978.

pleaseexplainagain

member

Activity: 115

Merit: 10

Quote from: celes8 on December 06, 2015, 03:36:22 AM

Seriously, after the last 2 months, it seems like every +3% move upwards that breaks a certain technical level is seriously tested within 1 hr. Whoever is driving the price action loves to shake out people along the way. They like to see how good the support is after we make new highs. And a lot of the price action has totally been driven by China time. I mean, who the fuck is around in America trading at 2AM on Saturday to react to the dumps? Seriously?

China controls this entire market, and I'm a little worried because whoever is doing these shakeouts/dumps by now really knows how well the institutional trading bots on finex/okcoin/btcc behave.

I totally agree. its why much of the so called market analysis predicitng price movements has little relationship to what is happening behind the scenes.
people should remember that the ATH of about $1100 was false in that it was concocted. while mt gox has gone other players are still doing the equivalent with the price

suda123

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Quote from: suda123 on December 06, 2015, 02:55:23 AM

Quote from: ?? on ??

https://chinabystander.files.wordpress.com/2015/08/yuandollar10yr.png

One easy to see reason why many Chinese are trading in yuan for Bitcoins.

Translation: its dropping around 375 or below

https://www.youtube.com/watch?v=JI8AMRbqY6w
I remember a movie where Rowdy Roddy Piper found some special sunglasses that translated things for him. Do you have a pair of those???

Translation: Obey, Sleep, Consume, Do Not Question The Posts

lol :^D

koryu

hero member

Activity: 681

Merit: 507

Imo breakout of 2500cny is incredibly bullish, unfortunately because of cny devaluation need 400$+ on western exchanges for confirmation.

sustain here and we can aim for the 600$+ / 4000cny

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Just got back from the bar to see that we're still scrapping over $400. Glad I went out when it had barely broken $390.

It's almost bedtime. Where will we be in 8 hours? $420 or $380? The weekend is still young.

celes8

newbie

Activity: 43

Merit: 0

Seriously, after the last 2 months, it seems like every +3% move upwards that breaks a certain technical level is seriously tested within 1 hr. Whoever is driving the price action loves to shake out people along the way. They like to see how good the support is after we make new highs. And a lot of the price action has totally been driven by China time. I mean, who the fuck is around in America trading at 2AM on Saturday to react to the dumps? Seriously?

China controls this entire market, and I'm a little worried because whoever is doing these shakeouts/dumps by now really knows how well the institutional trading bots on finex/okcoin/btcc behave.

koryu

hero member

Activity: 681

Merit: 507

rebound rebound rebound Cheesy

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: marcus_of_augustus on December 06, 2015, 03:13:40 AM

BearSwamp is such a cesspit ... probably they are bust from that hack and like Gox trying to keep thing going long enough hoping to trade their way of the crap hole they are in ... or until they get another bitcoin reserve audit from Mike Hearn?

Seems like Bitstamp feel confident about it's reserves and will finally do a public audit as well, which I really think should be the standard in the Bitcoin world because of it's very public nature:

Quote

Was a proof of reserves required for the Bitlicense process? If so, how was it done?
We had special audit done by Ernest and Young in Luxembourg. Xapo assisted EY on the bitcoin side. We will have another year-end audit which will be public.

https://forum.bitcoin.com/ama-ask-me-anything/i-m-nejc-kodri-co-founder-and-ceo-of-bitstamp-ask-me-anything-t3253.html

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

BearSwamp is such a cesspit ... probably they are bust from that hack and like Gox trying to keep thing going long enough hoping to trade their way of the crap hole they are in ... or until they get another bitcoin reserve audit from Mike Hearn?

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: Tmdz on December 06, 2015, 12:49:44 AM

Yup and when they dump everyone will come marching in with their doomsday prophecy and how its the end of bitcoin. Business as usual

Rinse repeat, rinse repeat. Bitcoin is like Groundhog Day!

hodl_2015

member

Activity: 371

Merit: 57

Quote from: ?? on ??

https://chinabystander.files.wordpress.com/2015/08/yuandollar10yr.png

One easy to see reason why many Chinese are trading in yuan for Bitcoins.

Well, they certainly aren't going to trade there Yuan for Dollars after seeing that graph.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

suda123

full member

Activity: 210

Merit: 100

Quote from: peonminer on December 06, 2015, 02:49:55 AM

Looks like the blood thirsty finx shorters and laggy naggys at bitstamp couldn't resist a short to $390. Headed back with a vengeance to test $400 now.

Translation: its going to drop even lower!

suda123

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

https://chinabystander.files.wordpress.com/2015/08/yuandollar10yr.png

One easy to see reason why many Chinese are trading in yuan for Bitcoins.

Translation: its dropping around 375 or below

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Looks like the blood thirsty finx shorters and laggy naggys at bitstamp couldn't resist a short to $390. Headed back with a vengeance to test $400 now.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000