I'm surprised how slowly the price is falling. Looks like the bad news had been priced in to some degree.
Its because its not that bad or different to anything else...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28128. (Read 26710139 times)
April 17, 2014, 04:59:18 AM
Its because its not that bad or different to anything else...
April 17, 2014, 04:58:45 AM
Mid 400's is fine with me.
Didnt they already announce the closure of their accounts by the 18th thus this is expected?
Didnt they already announce the closure of their accounts by the 18th thus this is expected?
April 17, 2014, 04:58:26 AM
Did the dumping start before the anouncement was made public?
Look, at this point these announcements dont matter. Traders are just using them as entry and exit points. I think most people who wanted to pull their funds off exchanges have already done so in China.
However, its the future difficulty of getting money into exchanges which is bearish.
Meanwhile, China traders who remain on exchanges remain as kamakazee as ever.
They matter because, right or wrong, traders do react to them!
April 17, 2014, 04:58:06 AM
By the way, is this a cup and handle on the 12-6-4h graph?
April 17, 2014, 04:57:53 AM
It could go quite a bit lower. If the remaining Chinese banks close deposit methods over the next couple of days, combined with public holidays in Europe and US, that will be a lot of days with no cash flowing in to any exchanges
April 17, 2014, 04:57:10 AM
I'm surprised how slowly the price is falling. Looks like the bad news had been priced in to some degree.
April 17, 2014, 04:56:21 AM
The 2hr candle on Houbi is nasty looking.
April 17, 2014, 04:55:31 AM
China
April 17, 2014, 04:55:16 AM
Sub 400 coins in 24 hours.
There's not enough fud for that. 480-450 range most likely.
April 17, 2014, 04:54:59 AM
April 17, 2014, 04:54:32 AM
Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
How was it falling?
And how is panic selling because of yet another China anouncement a natural correction?
The problem is the rally was not a "natural" correction. It was another oversold situation just like 710. Everyone was so sure we were going to the moon.
April 17, 2014, 04:54:07 AM
Sub 400 coins in 24 hours.
April 17, 2014, 04:53:14 AM
Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
How was it falling?
And how is panic selling because of yet another China anouncement a natural correction?
April 17, 2014, 04:52:40 AM
Who gives a shit about China.
By the time summer rolls around and regulated U.S. exchanges have started operation China will be a distant memory.
By the time summer rolls around and regulated U.S. exchanges have started operation China will be a distant memory.
U.S. exchanges that run from 8-5 and closed on the weekends?
I know right.. makes me puke at the thought. No moar weekend/off-hours trading..? Wtf.
bitstamp, bitfinex, and btce are just slaves that follow huobi via arbitrage bots. The sooner you accept this and stop fighting it because of how you think it is fundamentally wrong, the better time you will have trading.
Looool @ slaves, and yes, couldn't be more truth to this, you can a) Raise a riot over their control of the current exchange markets, or ; b) You can make $$ off their backs by being smart. Can always do both I suppose, but most here just don't realize/think about this clearly.
April 17, 2014, 04:51:40 AM
Did the dumping start before the anouncement was made public?
Yes, as usual theres some blatant insider trading going on.How many banks do they actually have left now?
That's what i thought.
April 17, 2014, 04:50:42 AM
Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Looks like you are going to get your short exit point you wanted. Who knows, maybe you'll get more.
April 17, 2014, 04:49:17 AM
Did the dumping start before the anouncement was made public?
Look, at this point these announcements dont matter. Traders are just using them as entry and exit points. I think most people who wanted to pull their funds off exchanges have already done so in China.
However, its the future difficulty of getting money into exchanges which is bearish.
Meanwhile, China traders who remain on exchanges remain as kamakazee as ever.
April 17, 2014, 04:48:34 AM
Did the dumping start before the anouncement was made public?
Yes, as usual theres some blatant insider trading going on.How many banks do they actually have left now?
April 17, 2014, 04:47:44 AM
Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
April 17, 2014, 04:47:07 AM
Did the dumping start before the anouncement was made public?
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