BitAddict
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April 17, 2014, 07:59:50 AM |
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Any bad (FUD or not) news from China for this recent drop?
huobi made a minor announcement, nothing really. it was pretty weak before the announcement, so this is just a natural correction. Yeah, I saw it yesterday night. Price was pumped by a 1k bitcoin wall on bitfinex. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 17, 2014, 08:00:19 AM |
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Todorius
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April 17, 2014, 08:02:47 AM |
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We just need to hover around at the 500-520 level for maybe a few more days, the rise to 548 was just too quick.
It's just a correction imho. We're building a base for the next run to the 580 level. Currently, we are quite overbought, so a relaxation with a few dumps is nothing out of the ordinary.
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magicmexican
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April 17, 2014, 08:03:25 AM |
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That 4h MacD  480-470 i guess |
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darklight
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April 17, 2014, 08:13:47 AM |
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Dumps like this always make me nervous lately. They tend to be followed shortly after by more bad news :/
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dreamspark
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April 17, 2014, 08:14:21 AM |
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900 wall straight in at $500
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chessnut
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April 17, 2014, 08:16:04 AM |
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big volume swinging here... 1.8k @500 wall BFX
........ and there's plenty more where that came from.
..doubt we will pass 485
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MoreFun
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WePower.red
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April 17, 2014, 08:22:03 AM |
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big volume swinging here... 1.8k @500 wall BFX
........ and there's plenty more where that came from.
..doubt we will pass 485
Better for us to not pass it.  |
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Dalmar
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April 17, 2014, 08:23:32 AM |
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Dumps like this always make me nervous lately. They tend to be followed shortly after by more bad news :/
Nah, this one doesn't look like insider trading. More like traders selling off based on that the bounce lost momentum. |
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dreamspark
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April 17, 2014, 08:24:16 AM |
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Its just some healthy profit taking in my opinion, the bids arent drying up so plenty of buyers .
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freebit13
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April 17, 2014, 08:31:09 AM |
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I think 500 is a 'magic' number right now... there are probably a lot of nervous people wanting out, who've waited for it to get this high and probably a lot of new people wanting to get in, now that it's back up. I think we might hover around 500 for the next couple of days...
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koryu
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April 17, 2014, 08:31:57 AM |
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Its just some healthy profit taking in my opinion, the bids arent drying up so plenty of buyers .
i also think so, it looks like today's high will be lower than yesterday's high, its ok to take some profit at this point imo. but 480usd/3000cny has strong support. need more china fud to go down any further. ^^ |
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BitAddict
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April 17, 2014, 08:32:49 AM |
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Same 1k wall than yesterday. Whale is having fun.
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windjc
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April 17, 2014, 08:33:09 AM |
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My disclaimer until proven otherwise is that any minute Houbi could go 500 CYN for no apparent reason.
That being said, it seems like missing the attempt at a higher high and now threatening to make a lower low, coupled with the 4hr MACD crossover, spells at least a 50% retracement to around 3000 CYN.
Of course who the f*** knows anything right now.
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chessnut
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April 17, 2014, 08:33:46 AM |
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very natural, loads of support @500. was hoping for 485 but I dont think Ill get it. the volume traded at 500 just there has plenty to to back it up.
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dreamspark
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April 17, 2014, 08:42:55 AM |
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very natural, loads of support @500. was hoping for 485 but I dont think Ill get it. the volume traded at 500 just there has plenty to to back it up.
Lots of support but I think it could disapear for a brief trip into the $400's |
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dreamspark
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April 17, 2014, 08:43:27 AM |
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Huobi dumping harder now as well.
$500 wall guy adding to it too.
EDIT: wall munched.
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Todorius
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April 17, 2014, 08:46:44 AM |
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Another round of standard FUD, or just random dumping? What's going on?
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TERA
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April 17, 2014, 08:47:53 AM |
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y3804
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April 17, 2014, 08:49:35 AM |
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wtf?
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