my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.
But to what end? In a few hours fresh fiat will arrive (Monday morning in Europe) and that wall will be history and the trend will continue. FWIW, I expect a rally and a period of stability near $433. sqrt(cycle high 683 * cycle low 275) yes, the bull run is inevitable but they have to try. the longer they can keep a lid on things the greater the chance they can discourage fiat from arriving tomorrow morning and the greater the chance they can kill Bitcoin. it's sunk money for them. |
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SpatsMcGee on Reddit made a great point. Bitcoin days destroyed is down. coins being sold are "new":  |
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my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.
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now $13.6 or 4.53% arb with BFX
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notice, we are are winning:  Yes, and it's being eaten surprisingly quickly. So what are everyone's thoughts on what happens after the entire wall is solidly eaten (assuming it isn't pulled)? look at my post 7 above with the multi exchange chart. tl;dr all other exchanges are higher in price and have bullish slanting wall configurations waiting to head higher. |
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I doubt the wall will take long to get eaten. There were over 2000 bitcoins eaten out of it in the last half an hour according to bitcoinity.  yep, we are winning. |
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notice, we are are winning: |
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all it needs is one more week of red and it becomes the 3 bearish stooges (in my own words).. although if next week has bullish engulf then bears are back to the drawing board again.
i know, i know. it's paid handsomely to be a bull. it's just now, ALL the major indices are on weekly or intermediate term sell signals with oil, softs, and gold & silver in the shitter. they're gonna have to do something this week. |
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now it's $12.7 or 4.23%
the flip side of this is are you stupid enough to sell on Stampfuck for 4.23% less than what you could sell for on another exchange? |
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Dow: Friday's advance re-established a short term buy signal but, as i expected, we still got a weekly, or intermediate term, sell signal. if this persists, it will be unfolding with a bearish left translated configuration, which is very bearish. given that the longer term monthly cycle top is due, stock jocks need to be on high alert:  Did the low of the week before(first red candle at the top) fall below the low of the week of the green candle? yes, by ~6 pts. |
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now $11.30 arbitrage with BFX.
that's 3.77% |
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now $11.30 arbitrage with BFX.
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BTCChina, BTC-e, & BFX wall configurations are all bullish slanting and higher in price than Stampfuck. once the wall gets dismantled, it's off to the races:  |
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knocking it down one bite at a time  |
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anyone who does not recognize the fact that bitcoin prices now are manipulated to be way below production cost and not take the opportunity now to hoard up, they're missing out big time. My only problem is that my fiat don't come in fast enough to convert to bitcoins  yep, they are on sale. |
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no growth here:  |
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