windjc
Legendary
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Activity: 2156
Merit: 1070
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March 28, 2014, 07:38:24 AM |
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what confuses me is, that the volume specially on chinese exchange was bit low for a bottom. anyway some of my bids triggered, on ltc i hit the "bottom" exactly  and also could grab some cheap btcs. and now? i think its too risky to sell and hope for cheaper prices. Right the volume is low in China too. The volume was higher on the fall to 3060 than the fall to 2800. Does not feel like a bottom to me. |
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koryu
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March 28, 2014, 07:39:53 AM |
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what confuses me is, that the volume specially on chinese exchange was bit low for a bottom. anyway some of my bids triggered, on ltc i hit the "bottom" exactly and also could grab some cheap btcs. and now? i think its too risky to sell and hope for cheaper prices. Right the volume is low in China too. The volume was higher on the fall to 3060 than the fall to 2800. Does not feel like a bottom to me. yes thats what i mean, on bitstamp and btc-e the volume was higher on fall to 466 than on fall to 505 but on chinese exchanges it wasnt |
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TERA
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March 28, 2014, 07:47:52 AM |
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what confuses me is, that the volume specially on chinese exchange was bit low for a bottom. anyway some of my bids triggered, on ltc i hit the "bottom" exactly and also could grab some cheap btcs. and now? i think its too risky to sell and hope for cheaper prices. Right the volume is low in China too. The volume was higher on the fall to 3060 than the fall to 2800. Does not feel like a bottom to me. yes thats what i mean, on bitstamp and btc-e the volume was higher on fall to 466 than on fall to 505 but on chinese exchanges it wasnt This is the difference between an exchange that is dying and an exchange where the price is simply falling. People who sell their bitcoins on Huobi are withdrawing CNY as fast as possible rather than staying around to rebuy. Over time, the volume at Huobi will become less and less and volume will shift into bitstamp, bfx, and btce until they have enough volume to support the price on their own. Today, the volume on stamp is 56,000BTC which isn't nearly enough for a bounce when the last crash (gox) WITH China had 140,000BTC volume, and it'll probably need to be even greater than that, such as 200,000BTC volume. |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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March 28, 2014, 07:57:28 AM |
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aye, 3200 is a tough nut to crack.
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ChartBuddy
Legendary
 Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 28, 2014, 08:00:49 AM |
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Davyd05
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March 28, 2014, 08:23:26 AM |
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did someone say there are cheap coins  |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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March 28, 2014, 08:29:08 AM |
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Bitstamp is tanking it harder than Huobi..... i think that means the drive is not fundamental.
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Broseph Stalin
Member
Offline
Activity: 65
Merit: 10
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March 28, 2014, 08:30:53 AM |
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Wow, sentiment really sucks on here ... this wedge feels like it is close to resolving, must be a good time to buy?
Soon.. my bids have been sitting at $446 and down for some time now (check my previous posts). I won't be using up all my fiat on those bids though, just in case we pass $380 and go deeper.. 'cause if we do, all bets are off. We'd be in a bear market then. |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 28, 2014, 08:37:08 AM |
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Hate it when my bids and asks just barely fail to get touched. Seriously, I was like a dollar off each time  Such a waste of good volatility. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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March 28, 2014, 08:59:24 AM |
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Lol, alarms on my phone are ringing each hour for 6% change  |
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ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 28, 2014, 09:00:49 AM |
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TERA
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March 28, 2014, 09:05:34 AM |
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Dear bitcoin. Please stay still for exactly 3 days. Regards, TERA.
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Davyd05
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March 28, 2014, 09:07:31 AM |
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Dear bitcoin. Please stay still for exactly 3 days. Regards, TERA.
already broke your wishes lol |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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March 28, 2014, 09:10:25 AM |
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https://www.tradingview.com/v/7YEmxS3K/according to this, this is indeed the bottom maybe we will consodilate for a couple days then trend back up
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Davyd05
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March 28, 2014, 09:17:49 AM |
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Dear bitcoin. Please stay still for exactly 3 days. Regards, TERA.
already broke your wishes lol yumm 386 coins @ 500usd sounds like a nice breakfast. |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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March 28, 2014, 09:18:17 AM |
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Walls gone on stamp  |
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TERA
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March 28, 2014, 09:19:02 AM |
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According to this?? what is that? It looks like a line arbitrary drawn on a chart with with only one year of history, completely ignoring previous years. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 28, 2014, 09:19:30 AM |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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March 28, 2014, 09:23:33 AM |
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^^ oh you are just asking for a squeeze lol.
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 28, 2014, 09:25:34 AM |
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^^ oh you are just asking for a squeeze lol.
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