Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26500.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: findftp on August 05, 2014, 03:38:27 AM

Quote from: Octavius on August 05, 2014, 02:31:16 AM

I've sold because it looks very similar...

I might have bought your coins, because it looks very similar.... Thanks!

Agree!!!!! Seems more like a time to be buying or hodling rather than selling. Some of you guys who are selling are taking a pretty high risk that you are going to be squeezed when the train leaves.

I cannot see $520 in the near future; however, I do see a possibility of $560 as a retest....

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: fonzie on August 05, 2014, 03:32:23 AM

Haven´t you all read the newspaper article where GABI stated that they are buying on HUOBI right now? Someone posted it in here yesterday!

For some reason your pumping isnt nearly as effective as your trolling.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: Octavius on August 05, 2014, 02:31:16 AM

I've sold because it looks very similar...

I might have bought your coins, because it looks very similar.... Thanks!

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Haven´t you all read the newspaper article where GABI stated that they are buying on HUOBI right now? Someone posted it in here yesterday!

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Marbit on August 05, 2014, 03:24:31 AM

So this whale on Huobi.

This is the third time he bought many thousands of coins to defend 3600 CNY. Assuming he doesn't turn around and sell them right away (unlikely one would take such a large position and immediately panic sell at a loss, right?), that's gotta make a real dent in sell pressure, don't ya think?

sigh you lost me trying to wrap my head around THIRD TIME 'So this whale on Huobi.......third time...he bought many thousands of coins...) gasp ack!

makes me dizzy just thinking about that.....(gotta sit down...too much of a perspective shift..thousands of coins...) ack!

Searing

Marbit

hero member

Activity: 686

Merit: 500

So this whale on Huobi.

This is the third time he bought many thousands of coins to defend 3600 CNY. Assuming he doesn't turn around and sell them right away (unlikely one would take such a large position and immediately panic sell at a loss, right?), that's gotta make a real dent in sell pressure, don't ya think?

ejinte

hero member

Activity: 644

Merit: 500

Quote from: Octavius on August 05, 2014, 02:31:16 AM

I've sold because it looks very similar...

It does not look similar

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

flynn

hero member

Activity: 728

Merit: 540

Quote from: Octavius on August 05, 2014, 02:31:16 AM

I've sold because it looks very similar...

Hmm, I wouldn't before support@560 is broken.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Octavius on August 05, 2014, 02:31:16 AM

I've sold because it looks very similar...

Meh. Its a little similar. We are going to go down for a while longer. However, we are close to the bottom - probably less than $60 away from it.

Octavius

member

Activity: 107

Merit: 10

I've sold because it looks very similar...

Mulder

newbie

Activity: 6

Merit: 0

Quote from: JorgeStolfi on August 04, 2014, 09:21:47 PM

The myth of "fake volume" is commonly repeated because it helps hide the unpleasant fact that the price is sustained at the current levels only by the Chinese traders, and its future is entirely at their mercy. Obviously, that fact would make bitcoin-backed funds very hard to sell.

You get the idea. That is why OKCoin and Huobi must be declared irrelevant and omitted from any statistics.

I'm not sure what your trying to say here. But I think the Chinese exchanges don't really represent new money. If there are trades going on then I think it's just trading the same coins back and forth and selling mined coins.
I looked into the add funds section of these sites and there seem to be very few people selling coins for rmb. A few months ago there were dozens of people acting as agents to sell coins and even people selling on TaoBao but now there are only a couple of sellers so I don't think there's really a lot of new money coming in from China.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: JorgeStolfi on August 05, 2014, 01:57:16 AM

For those who are unfamiliar with technical analysis, the pattern that has developed over the last 5 hours (on OkCoin, 1minute chart) is called "Funnel With Right Inverted Notch, Half Of A Pasta Roller, Teaspoon Without Handle And Hand With Fingers Chopped Off By The Food Processor." It means that the wonton soup did not go down well and the price may surprise everybody, e.g. by failing to surprise.

NOW ur talking!!!! Cheesy

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: JorgeStolfi on August 05, 2014, 01:57:16 AM

For those who are unfamiliar with technical analysis, the pattern that has developed over the last 5 hours (on OkCoin, 1minute chart) is called "Funnel With Right Inverted Notch, Half Of A Pasta Roller, Teaspoon Without Handle And Hand With Fingers Chopped Off By The Food Processor." It means that the wonton soup did not go down well and the price may surprise everybody, e.g. by failing to surprise.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

hero member

Activity: 910

Merit: 1003

For those who are unfamiliar with technical analysis, the pattern that has developed over the last 5 hours (on OkCoin, 1minute chart) is called "Funnel With Right Inverted Notch, Half Of A Pasta Roller, Teaspoon Without Handle And Hand With Fingers Chopped Off By The Food Processor." It means that the wonton soup did not go down well and the price may surprise everybody, e.g. by failing to surprise.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Market still pretty flat so far this week despite being near the 24 hr low. I still feel like we should be around $600 right now

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Mervyn_Pumpkinhead on August 05, 2014, 12:12:01 AM

There needs to be action to invite the gamblers to play.
MtGox and it's bots, trading with large volumes of non-existent money, were a major attraction for the degenerate gamblers, who took out loans to gamble with bitcoin.

Now the volume is gone, together with the excitement.
Now the casino is slowly losing it's customers, because the casino managers have started to believe their own BS.

Thank you Merv. Keep peeing on the price with your wisdom. Make that market fall! I have my buy orders set at $525, so just $60ish more. You can do it. I'll invest my profits in secondary sectors. I promise! Grin

falllling

member

Activity: 112

Merit: 10

Quote from: ShroomsKit on August 05, 2014, 01:19:42 AM

All those sellers...

Anything going on? We're crashing.

sell all of your coins, drop any hope you still have

falllling

member

Activity: 112

Merit: 10

time to break $580 again

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26500. (Read 26608330 times)