Wait so this is now the rumor about a rumor?
yep, crazy huh. BUY BUY BUY! the reaction to this rumour will expose the credibility of the first. |
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Somebody wake up China, its getting late here and I want to be around for liftoff.
http://www.timeanddate.com/worldclock/sunearth.htmlwakey wakey rise and shine! the chinese are just eating some chiwawa for breakfast and then they will read in the paper that the ban was fake and they will buy  why do you think the ban is fake? .... I never said I think it's fake, I dont know. but there is now a rumour out that it's fake from a 'reputable' news agency. |
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Somebody wake up China, its getting late here and I want to be around for liftoff.
http://www.timeanddate.com/worldclock/sunearth.htmlwakey wakey rise and shine! the chinese are just eating some chiwawa for breakfast and then they will read in the paper that the ban was fake and they will buy |
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Still does not feel like a bottom.
We haven't seen high volume on anything yet. This one is slow and painful.
bottoms come when sellers are exhausted (no volume left), volume comes soon before a bottom, but not at the bottom. So we only see bottoms, like the ones in the pictures, during high volume? And, accordingly, I would take it that the volume is high during the bottom, and then there is a switch in direction and the volume stays high until it tapers out for consolidation or thereafter volume stays up for some time before it goes up and tapers out at a higher amount? there is usually a last wave of divergance at the bottom, where volume is low, and price hits new extremes. Im not sure which pictures you are talking about. We had huge volume down to 511, and a bit more down to 465. I believe that is the best volume we will see, and that was the capitulation. |
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Still does not feel like a bottom.
We haven't seen high volume on anything yet. This one is slow and painful.
bottoms come when sellers are exhausted (no volume left), volume comes soon before a bottom, but not at the bottom. |
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 Looks like a double bottom to me! I could sure take a trade over that. |
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epic price manipulation on stamp and finex  free market ftw |
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another big hidden buy order on BFX. more than 700 BTC sold into it.
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Bullwhales are waking up on Bitstamp:  Someone dumped 1000 BTC and right after that, a buy order of 32000 BTC was triggered!!! WTF I cant see the volume on BTC wisdom, well not 32k.... but funny that should happen How do you test if a rumour is true?
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
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Have bid sums fallen dramatically prior to past bottoms?
I honestly dont know, but if you believe the model of sentiment to forecast turns, it's no surprise that many people pull their buy orders near the bottom. buy orders can change in a flash, and sell pressure may be exhausted regardless of orders. |
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It bugs me that I was too early with the final capitulation last week. Now all the signs are the more prevalent. Hitting a low repeatedly in subsequent days without one massive flashcrash with massive volume was a typical for the last one. ( Cf. now). The bottom was 62% of the last stable level (note: fibonacci ratio). If the stability level this time is 640, the bottom would be seen at about 400. Indeed, next week of oscillation full of fear between 400-480 would be perfect for shaking out every single remaining weak hand and pave the way for continued gains ( last time chart shown for reference ): 1 month = +50% 2 months = +100% 3 months = +100% 4 months = +400% 5 months = +1000%. Ah, but everywhere you look the prognosticators are saying down down down. A breach if 380 sends us into a death spiral they say. Bid sums drying up. Everyone taking their money off exchanges. China drying up. No new fiat, no new excitement as mainstream investors already know about Bitcoin. No good news reactions only bad new reactions are a clear symptom of this they say. This could go on indefinitely they say. Are they correct? well I believe thats all very bullish. when everybody feels ripped off by their bad fortunes - blame the market and blame the news. bearish sentiment. a death spiral is a slippery slope argument. not gonna happen, whales like to intercept large sell offs, it's much easier than accumulating. |
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How do you test if a rumour is true?
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
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I don't get it? If the rumous is true the price goes up?
sure, if the rumours are true the price goes up, you do get it. If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong. there are new rumours about. the latest rumour is the ban was fake. scroll up the page. |
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I don't get it? If the rumous is true the price goes up?
sure, if the rumours are true the price goes up, you do get it. |
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Interesting
.... all part of the plan though |
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PBoC has just confirmed that it was not the source of the latest ban FUD. This comes from reliable Chinese news soure Weigo-Xiuxiu Nau. Props to Proudhon for the tip.  Does this mean that we should buy, now? we're no t going lower? well thats what Ive been saying, the bulls have the upper edge to any scenario. this could take a real hike if it is true. |
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How big is this hidden buy wall at 476?
cant tell, because it's hidden, but so far, pretty big. Hidden wall has absorbed more than 400 BTC. |
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How big is this hidden buy wall at 476?
cant tell, because it's hidden, but so far, pretty big. Huobi doesn't seem to care and persists in dump mode? the bidding is being absorbed very well on Huobi, and the bidding is just a trickle. It needs to pass 1.3k buy orders before it can really dump. |
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will need to eat through 1.3k buy orders on huobi before we can break that bottom.
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How big is this hidden buy wall at 476?
cant tell, because it's hidden, but so far, pretty big. |
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