Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31703.

meanig

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Quote from: Ivanhoe on November 26, 2013, 10:11:23 AM

Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.

What was the minor bearish news about?

mccorvic

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Rocket remains fueled. Very silly to sell now with intent of buying back.

Ivanhoe

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Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

oda.krell

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Quote from: Vigil on November 26, 2013, 08:50:30 AM

This rise is just someone (or somegroup) who is pumping the price and they have no control over BTCChina. The last few days movements are obvious algo-trades.

Hurr durr, algo trades!

I don't believe for one second that you have anything even remotely related to a technical understanding of the words you use.

I looked at the charts as well, by the way, and I can clearly tell current trading is dominated by horny geishas and class of 2012 Westpoint graduates. Don't ask me how I know, I just can tell, from looking at it real good.

JustAnotherSheep

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Quote from: lucas.sev on November 26, 2013, 09:16:52 AM

Wouldn't it be triple top?

I thought $10 was too big a margin to be considered a repeated peak? But then again I'm a noob and you might be right!

Quote from: DougTanner on November 26, 2013, 09:08:52 AM

It's the calm before the storm, fiat is still arriving, people are just waiting to break the ATH before committing. And there's still another ~week before we see the new money from the senate hearings news-coverage.

Quote from: Okurkabinladin on November 26, 2013, 09:12:57 AM

You might be completely right. However resistance at 900 is understandable, it´s the old ATH afterall. If the market breaks that resistance, I will only get worried again when we reach parity with gold...

I'm worried about the upcoming thanksgiving holiday, and seeing how Americans like to spend holidays somewhat extravagantly I doubt there will be much more fiat coming in. Add to this that China and Stamp aren't joining in on this one and you have the perfect conditions for a double (or perhaps triple) top and the subsequent crash.

DougTanner

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Quote from: rpietila on November 26, 2013, 09:51:03 AM

Quote from: Rampion on November 26, 2013, 09:40:01 AM

New money still uses Gox because it has historically been the most reliable and trustworthy exchange. Big money gives zero fucks about Goxbucks, they just want fresh and juicy coins.

You could be right, but considering that other exchanges are not moving, and there is a large overhang of goxbux from people who cashed out last week, I think the action in Gox is mainly their money transfer. Gox is higher than China atm!

More consolidation ahead...

China isn't moving because the Chinese are asleep. Stamp isn't moving because it was already ahead of itself after that huge fiat dump last week (after the bank software was down for a few days).

Stamp will fall behind Gox again, and China will catch up this evening.

Probably Wink

niothor

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in defi we trust

Quote from: DougTanner on November 26, 2013, 09:38:48 AM

41

Fixed

rpietila

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Quote from: Rampion on November 26, 2013, 09:40:01 AM

New money still uses Gox because it has historically been the most reliable and trustworthy exchange. Big money gives zero fucks about Goxbucks, they just want fresh and juicy coins.

You could be right, but considering that other exchanges are not moving, and there is a large overhang of goxbux from people who cashed out last week, I think the action in Gox is mainly their money transfer. Gox is higher than China atm!

More consolidation ahead...

DougTanner

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Ok, time to make the handle. Godammit I'm not going to get any work done today am I? Angry

maz

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Bang!

Vigil

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Quote from: maz on November 26, 2013, 09:34:22 AM

Quote from: ?? on ??

And stamp doesn't move at all.

Nor China,

Which is worrying. (for bulls of course)

Because it isn't real... it is price manipulation on Gox.

niothor

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in defi we trust

Quote from: Rampion on November 26, 2013, 09:40:01 AM

Quote from: maz on November 26, 2013, 09:36:07 AM

Quote from: Rampion on November 26, 2013, 09:34:52 AM

Big money wants in, big money still uses gox and gives zero fucks about Goxbux, they just want coins.

Cheesy

Lies,

No new money would use Gox. This is old fiat, with cobwebs on it from Gox's cellar.

Cool story bro.

New money still uses Gox because it has historically been the most reliable and trustworthy exchange. Big money gives zero fucks about Goxbucks, they just want fresh and juicy coins.

Also there are lots of people who want juicy usd for their coins.:d

gambitv

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Danger, Approaching ATH...

bito

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Quote from: maz on November 26, 2013, 09:36:07 AM

Quote from: Rampion on November 26, 2013, 09:34:52 AM

Big money wants in, big money still uses gox and gives zero fucks about Goxbux, they just want coins.

Cheesy

Lies,

No new money would use Gox. This is old fiat, with cobwebs on it from Gox's cellar.

The bid sum is at a record high, I suppose it could be that this is because money that wasn't on the table now is, but I think it is unlikely.

Rampion

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Quote from: maz on November 26, 2013, 09:36:07 AM

Quote from: Rampion on November 26, 2013, 09:34:52 AM

Big money wants in, big money still uses gox and gives zero fucks about Goxbux, they just want coins.

Cheesy

Lies,

No new money would use Gox. This is old fiat, with cobwebs on it from Gox's cellar.

Cool story bro.

New money still uses Gox because it has historically been the most reliable and trustworthy exchange. Big money gives zero fucks about Goxbucks, they just want fresh and juicy coins.

DougTanner

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4

Zangelbert Bingledack

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A lot of microtrades seemingly to try to paint the tape.

spike420211

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Quote from: ?? on ??

$890 on Gox, I'm predicting it to go tumbling down again towards $700 once it gets briefly over $900, I hope I'm wrong!

I would expect a correction more to 800-825.
5.9 CHY/USD thru Bitcoin, 6.1 CHY/USD thru Forex, aorn.
So, BTC NOT favorable to Chinese buyers for now...

alexeft

legendary

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Lots of $ and few coins on gox!!!! This rocket is going to Mars this time!

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