Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28160. (Read 26710639 times)
April 16, 2014, 04:30:06 AM
Just as I suspected, major news events would occur as soon as I "went bull"...
April 16, 2014, 04:28:52 AM
Wake me up when China is out of Bitcoin blood system. Till then I'll keep any dollar I could put my hands on.
I wish China would just say "Bitcoin is illegal and anyone who owns any will be shot in the face". At least then we can forget about their bullshit and get on with business.
April 16, 2014, 04:27:58 AM
Wow this is pretty stupid
April 16, 2014, 04:25:55 AM
Kudos to myself for being spot on 
Pboc story ain't finished until exchanges are closed or delocalized
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pboc story ain't finished until exchanges are closed or delocalizedLook at that long Red wick on Huobi.. Chinese says Fuck u white boy!
Usually when the wick is that long, expect bad chinese news later on..
Usually when the wick is that long, expect bad chinese news later on..
We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
I believe we've just hit the top.
There was a lot of struggle in that pump
There was a lot of struggle in that pump
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pretty accurate analysis.
April 16, 2014, 04:25:51 AM
CCMF anyone? 
April 16, 2014, 04:25:30 AM
The correction has only started. give it a few hours, Ask will start to pile in as they realize that this rally is done.
April 16, 2014, 04:24:39 AM
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?
buy&waitThat is what I would do if I could monitor the situation closely and if I was using Stamp. Unfortunately I'm at work and can't monitor the situation closely... so I feel it is a bit risky to buy right now.
People talk a lot about new money coming into the system. These new money will buy at a high price and they help to push the price up for a day. But at the end of the day people take their profits, because nightly drops have been so frequent over the past months. Holding might be a good strategy if you bought at $100, but at this stage it is not a good strategy not for newcomers. Things are looking up though, but it will take some time before people get more confident. I wish China was more transparent. The events last night around 1 am GMT (I think) shows how fragile the situation is imo.
trading on stamp more easy compare to btce, I sold at 530 and will buy back at around 500 - 510. there is always some opportunities.
during down trend it is sale&wait
during up trend is is buy&wait
April 16, 2014, 04:22:44 AM
Wake me up when China is out of Bitcoin blood system. Till then I'll keep any dollar I could put my hands on.
Dollar would have my preference too.
April 16, 2014, 04:22:02 AM
Wake me up when China is out of Bitcoin blood system. Till then I'll keep any dollar I could put my hands on.
April 16, 2014, 04:20:15 AM
If we break 3200 this is going to be fun.
April 16, 2014, 04:19:56 AM
Kudos to myself for being spot on Pboc story ain't finished
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pboc story ain't finishedLook at that long Red wick on Huobi.. Chinese says Fuck u white boy!
Usually when the wick is that long, expect bad chinese news later on..
Usually when the wick is that long, expect bad chinese news later on..
We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
I believe we've just hit the top.
There was a lot of struggle in that pump
There was a lot of struggle in that pump
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
You should wait before patting yourself on the back we havent even retraced to $500...
April 16, 2014, 04:19:21 AM
So much for that trend line breakout.
April 16, 2014, 04:18:23 AM
Kudos to myself for being spot on Pboc story ain't finished until exchanges are closed or delocalized
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pboc story ain't finished until exchanges are closed or delocalizedLook at that long Red wick on Huobi.. Chinese says Fuck u white boy!
Usually when the wick is that long, expect bad chinese news later on..
Usually when the wick is that long, expect bad chinese news later on..
We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
I believe we've just hit the top.
There was a lot of struggle in that pump
There was a lot of struggle in that pump
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
April 16, 2014, 04:18:10 AM
each time Bitcoin price starts going up an article like that one popup, I find it really fishy, and fuck this shit, I am not trading this and I will be holding to my coins.....
good luck and see you in a couple of months.
Yeah, the timing is very suspicious. Some of this stuff has been coming out in the middle of the night over there.good luck and see you in a couple of months.
Maybe the government are just trying to reinforce their point - "see we told you it was volatile and it would cost you money, come back to our banks where you are nice and safe"
April 16, 2014, 04:17:27 AM
some people take profit after it has gone up 50% but we are are still in the uptrend channel. dont panic.
April 16, 2014, 04:16:34 AM
Is this the "healthy" correction we expected or is this another stupid panic-ban-china FUD?
April 16, 2014, 04:16:15 AM
putting my bid orders at 440 
April 16, 2014, 04:15:48 AM
April 16, 2014, 04:15:00 AM
There was a wedge in Huobi - it broke down in a classic way.
April 16, 2014, 04:14:20 AM
This is a total joke. Also been watching from the sidelines and not buying into this. China is destroying bitcoin.
No they are not ... they are innoculating it against manipulation and rumour mongering ... that last little "ban" is at most good for a pullback to test the break-out. Diminishing returns.
The next country that talks incessantly about "banning bitcoin" will just be shrugged off or laughed at. China is after all the largest authoritarian govt. in the world, if they can't stop bitcoin then no-one can.
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