2k BTC ask wall at 409.
1.5k at 406. Was it a fake wall? Probably |
|
|
|
LOL da fake walls  |
|
|
|
2k BTC ask wall at 409.
It will be eaten! |
|
|
|
China has to get 2400 settled first.
This. If 2400 falls, 400$ would be easy |
|
|
|
Stamp's bid side is depleted (figuratively speaking). If you look at stamp's bid/ask over the last 24-48 hours, you'll see that a number of big buys correspond to big drops in bid/ask. In other words, Stamp is probably partially responsible that we're going up right now, by traders losing patience and pulling bids from the book to market buy, but now they're out of fuel somewhat.
Don't worry, many bids left from 250 to 350 to replenish the lost ones.. EDIT: Better close your shorts  |
|
|
|
Pelase, remember, this is THE QUALITY TECHNICAL ANALYSIS thread.
Thank you.
1. Still coming off a bubble. 2. There are 650,000 BTC ($221,000,000 USD @ $340) stolen MTGOX coins being sold off not so slowly 3. The mining community is done. They cant compete with the big guys. Centralization 4. 3600 bitcoins are created each day. @ $340 USD that is $1,224,000 that needs to come in to the market each day just to stay @ $340. Analysis this I know from first hand big players that are buying directly from miners like crazy. I am talking about billion budget entities.. How much of their billion dollar budgets are going into BTC? .1%, 1% 10%? Makes a difference, no? 2bn At this time, no one is investing $2 billion into bitcoin b/c otherwise BTC prices would be going through the roof. $2 billion is more than 40% of bitcoin's current market cap. Even attempting to currently invest $500 million into BTC would probably have a very considerable upward pressure on BTC prices. I am NOT sure how such an investment of let's say $500 million would be able to be hidden or to NOT cause upward BTC price slippage. Let's say that the company is a $2billion company, and they decide to invest 10% into bitcoin (that would be fairly aggressive), then that would be $200 million. Still I would find it difficult to hide or NOT to cause upward BTC price slippage with that amount. So maybe they are investing 1%, which would be $20million? Still bullish, but possible to hide, in my humble opinion. S. America bank will buy slowly on behalf of a very known one (they don't want to be seen). Can't say more nor I am 100% sure, though my source is very reliable. They will invest 2bn. Maybe it is not true, who knows? |
|
|
|
Mother of all Chinese exchanges  Walls got eaten at 2350 like hot cakes! Nom nom nom GULP |
|
|
|
Pelase, remember, this is THE QUALITY TECHNICAL ANALYSIS thread.
Thank you.
1. Still coming off a bubble. 2. There are 650,000 BTC ($221,000,000 USD @ $340) stolen MTGOX coins being sold off not so slowly 3. The mining community is done. They cant compete with the big guys. Centralization 4. 3600 bitcoins are created each day. @ $340 USD that is $1,224,000 that needs to come in to the market each day just to stay @ $340. Analysis this I know from first hand big players that are buying directly from miners like crazy. I am talking about billion budget entities.. How much of their billion dollar budgets are going into BTC? .1%, 1% 10%? Makes a difference, no? 2bn |
|
|
|
As you can see, now (point A) is the time for the decisive breakage of the trendline or not.
Would you risk a prediction? Breakout or breakdown? I think breakout.. |
|
|
|
Pelase, remember, this is THE QUALITY TECHNICAL ANALYSIS thread.
Thank you.
1. Still coming off a bubble. 2. There are 650,000 BTC ($221,000,000 USD @ $340) stolen MTGOX coins being sold off not so slowly 3. The mining community is done. They cant compete with the big guys. Centralization 4. 3600 bitcoins are created each day. @ $340 USD that is $1,224,000 that needs to come in to the market each day just to stay @ $340. Analysis this I know from first hand big players that are buying directly from miners like crazy. I am talking about billion budget entities.. |
|
|
|
Bearstamp
Bullstamp
BitSwamp
Beerstamp
What else?
trampstamp  ~ ^BitSkank lol BitSpank |
|
|
|
|
Bearstamp
Bullstamp
BitSwamp
Beerstamp
What else?
|
|
|
|
|
Show Posts
