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What is it with threads like this. How come anytime the near term trend turns up at any point, at any reason, at any price, there is always someone asking if we're going to 'test ATH' or 'pass ATH'? How about we focus on passing, like, $900 first?
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What all this noise in here? Why isn't every single post. "Wow thanks China. We better keep an eye on China as they are 100% responsible for this action".
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China woke up on the wrong side of the toilet.
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I think what you mean is "less reward" and not "more risk".
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It's not just litecoin - it's all the alts again. I guess fontas will be starting "pump season 4".
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We've been at ~700 USD for days... Why no drastic change?
Actually today was a drastic change from a traders perspective. If you look at the daily chart many indicators have gone or are going positive. Huobi has broken the downtrend, for now. |
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Is there a phone alarm or something I can get next time the Chinese government does something regarding bitcoin?
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Anyone planning on sleeping tonight?
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HO HO HO MERRY CHRISTMAS  AND HAPPY NEW YEAR Is that a choo choo to the moon train? to the north poll! To the north... poll? ^^^^^^^ |
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i don't think we will break 720 at stamp
Do you think christmas buyers will sober up so soon? volume is already going down and 720 is major resistant, last big top and market is way overbought You mentioned beofre about the RSI showing overbought earlier...yet all of the charts I have seen for RSI and Stochi show under the 70 or 80 line respectively ie not over-bought....I'm using Wisdom and looking at Gox btw. there's no rsi in wisdom stochRSI is not the same stochRSI was also overbought both in 1m and 4h when you posted that. I'm seeing that on Wisdom. I'm not sure what you're watching nano. gandhi trades in stamp from what I know, maybe that's the confusion? Well I'll take any recovery, plus I see were above 4k cny on huboi. It's more of a P&D than a recovery. We all know the Chinese government is eventually going to put a stop to this blatant evasion of their rules. The question is when. |
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HO HO HO MERRY CHRISTMAS AND HAPPY NEW YEAR Is that a choo choo to the moon train? |
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EMAs are good for predicting spurts of bot movement on mtgox.
I actually find MACDs to be more useful.
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I think he means it makes usability in the fiat-minded business world difficult.
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Its easy. You buy on a high volume down day as soon as the big orders and buys start popping up and your sitting on this gigantic 30k bid support
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Bit coin is relapsing onto its Chinese amphetamine surge but we all know where that leads...
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I concede defeat. I should have hodl.
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I don't know why people are still talking about China. Look at btcchina's volume the past days and compare it to their previous volumes. And that is before the market is completely cut off from the banking and payment providers end of Feb.
I would disregard all the other exchanges as they are likely to be manufacturing their data, same as OKCoin. Do you really believe there is 60k 24h volume on some Huobi site when there is 15k in btcchina, MtGox and Bitstamp all added together?
China is dead. It will probably stay dead. US and Europe remain leaders in Bitcoin.
Huobi is leading now |
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Soooo... how do you feel about this being led by china?
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Enough with the voodoo and doing lines off a chart. It would be much more effective to do some digging and find out fundamentals like:
1. Is huobi legit and not a fake pump with mostly fake volume.
2. How many actual btc are entering huobi and getting bought up by new investors.
3. How much new fiat is entering chinese exchanges.
4. If/when the Chinese government will crack down on the latest evasion of their rules.
By the way litecoin is coincidentally being pumped starting last night, due to sudden volume on okcoin, a chinese exchange which has been found to have fake volume...
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