false signal resulted rally in China, peaked $220, and it will go on

[zhangweiwu]

Just when people in the U.S. are sleeping, we reached 220USD (price of fxbtc.com, one exchange that I am tracking)
The time axis in the below chart is GMT.


I hope you read my previous post:

"false signal resulted rally in China, and it won't stop. "

If you haven't, please read it. There are subtle information, very local and fresh, that you must pay attention before your investment decisions.

If we get caught in the typical Chinese gambling spirit, it will be a huge bull followed by a really hard fall. I need some time to study the sentiment on the Chinese forums. Right now I assume it will continue for a few days.

If you have been paying attention, the sudden rises in China for the last one full week, tends to take place by the evening of Beijing time. That is, we may even be luck enough to welcome another peak in one or two hours (from the time I post this).

[wopwop]

I'm all in so bring it on

[Marbit]

i hope you're right. real nail biter, this run-up..... has to be always in the late night hours.... can't sleep

[bitleif]

If we get caught in the typical Chinese gambling spirit, it will be a huge bull followed by a really hard fall.

So no different than the normal bitcoin gambling spirit then.

[phlogistonq]

i hope you're right. real nail biter, this run-up..... has to be always in the late night hours.... can't sleep

Exactly how I felt during the jan-apr rally (being in western Europe myself). I fell asleep at my desk several times. Hated it. Now its your turn.

This is IMO a major disadvantage of bitcoin daytrading. The non-bitcoin stock markets close at certain hours and those folks get to sleep reasonable hours. We don't.

[ralree]

i hope you're right. real nail biter, this run-up..... has to be always in the late night hours.... can't sleep

Exactly how I felt during the jan-apr rally (being in western Europe myself). I fell asleep at my desk several times. Hated it. Now its your turn.

This is IMO a major disadvantage of bitcoin daytrading. The non-bitcoin stock markets close at certain hours and those folks get to sleep reasonable hours. We don't.

You need a partnership so you can do shifts.  Of course, this requires trusting others .

[wobber]

If in the last 5 days we had $50 growth, will this mean in the next 14 days will be over 300?

[gwoplock]

If in the last 5 days we had $50 growth, will this mean in the next 14 days will be over 300?

i don't think we will make it to $300 that's too much growth with out something to back it up. yes we have china but that's just speculation.

[wasserman99]

hmmmmm. i wonder if we consolidate sub-1200 and shoot back up...... or if we already saw the peak in China. still holding here, but...... ready to sell my coins at a moment's notice at this point.