It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong. At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp. I agree. This is unprofessional. what is unprofessional.. the fact that China's news was used by manipulators to spread fear mongering and failed miserably? This has nothing to do with China news. It has to do with Bitstamp implying investment advice, and how that is unprofessional. In the real world, it would even be illegal. Imagine what would happen if a stock exchange started telling its customers to buy a stock. |
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There are two times I short:
1) With orders set in advance for spikes above ema lines which shouldn't reachable yet.
2) After volume has died for a while and all the indicators start turning down.
I wouldn't recommend just randomly shorting into a budding uptrend of unknown magnitude after decent volume .
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I think bitcoin hoarders should be featured in an episode of hoarders in a house with a bunch of junk and roaches.
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Speaking of last year's reversal, there was more fiat on the mtgox orderbook when it hit bottom at $66 (there was $9M on books), than there is now on Bitstamp.
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 I don't know, this chart is not really screaming reversal. A major support was just broken on LOW volume on bitstamp and everything is still being driven out of china. The only thing fueling this is misinformation and hype over a statement that a banker made and people think it means the bank closures will stop but they are wrong. Yes, not screaming reversal, the volume was pretty thin, good observation. A drop-bounce on such thin volume is sort of weird, as if trying to prove the "bitcoin is too volatile" mantra. For volume, the Dec dip was BTC-e/gox, the Feb was Huobi/BTC-china, and this was mostly on bitstamp. There is distribution on bitstamp and accumulation on China exchanges, so this Chinese ban stuff seems to affect sentiment outside China more than inside. When accumulation does start, it tends to snowball, so accumulation/distribution has been a pretty reliable spike forecaster. It may be that some Chinese are dumping on stamp. |
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I don't know, this chart is not really screaming reversal. A major support was just broken on LOW volume on bitstamp and everything is still being driven out of china. The only thing fueling this is misinformation and hype over a statement that a banker made and people think it means the bank closures will stop but they are wrong. |
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So the reason we went down 100's was fear of a potential China ban. Today we learn that China won't ban Bitcoin. What does everybody do? They sell.
Well done traders and sheep. Well done for being complete idiots.
 What am I missing about the unbanning of a ban that never happened in the first place? Correct. This isn't really news and doesn't create any change. Bitcoin, in fact, was never banned in China. However, banks and third party payment processors WERE banned from dealing with bitcoin exchanges, and this has not changed. Actually "ban" was never a word that the PBOC used. The bank accounts are still being shut down for violating this rule. What the news is saying is that, again, people are free to trade bitcoins and own bitcoins in China if they can find the means to do so. |
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When someone has to tell grandma where her 40K went...  |
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Was that a "Chinese art of war pump"?
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so much for double/triple bottoms.
I thought they were a real thing.
Anyone care to post a picture of an example of one ocuring?
Technical analysis is shit No it's the people who don't know how to use it who make it seem like that. What is TA saying now? I kind really wanna go full btc again. I'm not giving you a projection. All I'm saying is that most people here who say "double top" or "double bottom" are wrong about identifying such a thing. |
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so much for double/triple bottoms.
I thought they were a real thing.
Anyone care to post a picture of an example of one ocuring?
Technical analysis is shit No it's the people who don't know how to use it who make it seem like that. |
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Train pics or it didn't happen.
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This is just like the gox downtrend. Once day something concrete and obvious happens to show everyone gox is in trouble. The next day some piece of news comes out where some guy says everything is ok at gox. And it goes up and down and on and on with everyone in denial until finally gox just closes. I cannot wait till Huobi is simply closed, and there is no more debate about it.
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I'm happy we went this low though because obviously the bears filled up with cheap coins completely and will stop crying now for a long time. No more posts on why we will go down (confirmed) and other fud.
Bears happy, bulls happy. Everybody happy.
I am not happy as long as there is Chinese BS changing every day. I would be happiest if all Chinese exchanges were closed. |
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Standing order net fills:  I decided not to tamper with it this time and cancel them all as it was falling like some times before.  |
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Choo Choo enginges igniting? Or just a small bulltrap for the very desperate?
It looks like another local bottom to cause a countertrend consolidation for a week or so and give us a break maybe. The bear market is not suddenly over because of a "recharge card" program - we've already been through this. |
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I wish they would stop with this neverending chinese scam of pumping bitcoin by trying to convince us that they can subvert their government somehow. It is just going to lead to yet another delayed crash and more hurt people later. |
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Thing is is its literally controlled by China not technicals
Ever since $120 |
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