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I think the Chinese exchanges should also make a resolution to show the entire order book.
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PBOC can't kill bitcoin. What doesn't kill you makes you stronger.
I agree with this, but in the short term that which doesn't kill you makes you cheaper. I used to agree with this, until a few years ago. I no longer believe that statement to be true. "what doesn't kill you makes you stranger" - The Joker |
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great things are coming with ripple, why you guys are still in denial ?
Ripple is completely irrelevant to this community. It is a centralized system - nothing to do with cryptocurrencies. It is like saying "great things are coming with Google" - so what? |
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i think it would have no volume most of the time
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What if Huobi now has a system in place that would only let the price fluctuate 50 yuan a day? To protect its traders?
edit:
I know it sounds crazy but we are dealing with an exchange in distress here.
I'm curious as to how exactly you purpose this would be implemented, especially when the bitcoin market is not just huobi |
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But for right now, we could be stable for many months and that sucks.
I agree. In my wildest dreams from long time ago, I thought bitcoin could start rising in June. Then it was July and ATH in August. I actually still support that scenario. Talking about Bitcoin, a quarter-year is a quarter-century. Basically what you are saying is that you were wrong. That you don't know shit. That you can't predict where the price goes any better than any other person here. That your endless madman analysis is bullshit and that you might as well throw some dice instead. Ok, noted. Shroomskit just trolls everyone who speculates on the speculation forum. lol. rpetelia uses some experimental quasi-TA that isn't real TA and doesn't work, and shroomskit strikes me as a teenage.boy who invested all of his allowance money at $1000 |
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What sucks the most about what is happening in China, is that once margin trading and HFT are obselete, volatility is going to be WAY down.
I think we may have a BORING market for the next several months.
There might be very little going on.
I do think that this will initially cause us to lose traders both in China and elsewhere making the market go down.
But overall, the profitability of trading may become obsolete too.
This would be bad for traders but good for bitcoin ultimately, although I don't forsee it lasting very long. Someone somewhere is going to eventually come along and take the role of the crazy high volume market maker. |
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When we get a nice soundtrack that makes people feel bullish to buy more Bitcoins  Right. Ducktales - Moon Theme has been exhausted I guess |
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BTC is more and more in the mainstream. Price can only go up.
i do not understand this logic |
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so, huobi is going to be localbitcoins now? |
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is there a word for bears to refer to every positive event that occurs as?
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its difficult to say when another 'uptrend' will start because we recently broke out of the bull run that we have been having in the past 2 years according to lots of indicators on the weekly chart. there's no line to follow where we will find the next leg because we are out of legs. a very strong and persistent base needs to be found somewhere to dig the roots for the next multiyear uptrend. i see a lot of sideways and jigsawing action in the future. 250-300 is probably a pretty strong area.
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I'm wondering - the Chinese are now up already for ~3hours and we ain't crashing yet... What's different today?
they're executing the pre pump before the sudden crash, just like apr 25, mar 25, etc |
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What is this "fud" you speak of?
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I like to think of this as "Joint statement by 5 chinese exchanges" because whoever thought this was going to work must have been high.
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I like to plot all of the MACDs and EMAs on a chart and judge the viability of a short term trade by how close the EMAs of the longer terms are. If the longer term MACDs are against me and their EMAs are too close, then the trade is too risky.
Based on the 12H, 1D, and 3D charts, I see the max that the breakout could possibly go is $440-$450, and right now the price is at $430. A possible $10-$20 trade on weak momentum and low volume where I'll have to make sure to get out before I get clobbered by the next $60 down candle is not worth it.
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I'm actually net long and hoping it will drop. where is that option?
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I could say that the price has been "relatively high" for a year also. Who is to say where we perform relativity?
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The spikes down on news are not really capitulation events. They are too fast and most of the volume is mean reversion traders. A true capitulation will be much slower and you'll see it clearly on the weekly chart where the same level starts to gain more and more volume.
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getting really tired of China antics. every time there is any kind of news they automatically start their pumping routine and pump it the same with the same market makers, the same walls, the same manipulation, etc. Only to suddenly fall out of the sky at some point with some massive red candle that goes below everything on the chart without any bounces. It doesn't matter what the news is, just how many people they can rope in with psychology of watching the price action. this is probably why they're getting closed. looks they're going to attempt one more pump to 2800 or so before violently falling below 2500.
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