Unless this is an insider move, or a news driven move, this is just gonna be a boring ping pong night. with or without the macd.

$5 move = huge dump? still miss the point.

More or less. If the news is bad, I think we will not manage to make new lows. the large players know that the 15th might be their last chance to buy into panic.

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

well I've said before, I think if china goes to sleep tonight and nothing much is happening, we will rally when USA wakes up. It has happened many times over the last week.

...interesting stuff btc6000.

... I dont see it. very calm right now.

thats how the US dollar works lol. but really? I think professionals would manage liquidity for profit and we would have no problem keeping a turnover of bitcoins.

the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.

I wish that was true for bitcoin....... maybe bitcoin will take on a massive commodity market, like alpaca socks.

When the officials speak, there is an official opportunity to gamble.
For the quick it's an opportunity to sell high, and for the smart it's an opportunity to buy low.
I wonder if we will be under way before the 15th?
caught between the hammer and the anvil, I don't see how it can rest easy beforehand.

This is where I see we are at. a second capitulation.

who said bitcoin is not a stable currency  Im gonna sleep well tonight.

I dont think there is a rule. price moving into resistance equally reveals a buyer and a seller. in theory, the one that makes the market order is the weakest, but thats not a reason why the wall should move.

hmm dont know so much. only one thing is true, the longer consolidation goes on for, the sooner it has to stop  that is true in bitcoin.

One could argue that the more times resistance rejects the price, the stronger it is. same is true for support.

I think you missed the point entirely

this consolidation just keeps going on and contracing.

TERA. I sold at 750 and 630. I was really bearish then, so I dont know about that Hodl mentality.....

the volume over the two days of that wave adds up to more than 300k..... dont forget that capitulation doesn't happen just once. when the news that mattered came out, we went down to 2200 yuan.

despite all the news following the first hit, we have spent more time above the low of the first wave. The first wave is where the volume is at, that's where I believe capitulation took place.

nobody expected the last one either..... and sorry, your TA is only a small edge, that I dont agree with. the market can very easily move $150 in a day. This is reversal territory, and the fundamentals are pushing up. bears can only pray that Huobi shuts down and quick.

they have had their chance.... they have had 3 months.

this is how it was on the night before 700 on stamp. the market can so easily surprise. if this bounces off 400, that's a strong bull signal and could go to 600 easily.

every time the market gets a risk off opportunity it rallies up. the fundamental forces are ripening. the price is not happy where it is now, it wants to be higher. each tragic news item has less and less effect on the market. we are now approximately at the low caused by the first news item (465). since then, even the worst news cant hold this market down for more than a couple of days.
This coming rally will likely be sustained and supported.

hmm, I wonder whats gonna happen when he gets to 0