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L0uis
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October 29, 2015, 07:33:26 AM |
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When chinese exchanges get increasingly out of sync with the rest of the world, a good correction is nearby.
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 29, 2015, 08:01:35 AM |
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becoin
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October 29, 2015, 08:09:17 AM |
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When chinese exchanges get increasingly out of sync with the rest of the world, a good correction is nearby.
There will be no significant correction in near future. We're heading beyond 1k in just couple of months! |
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Asrael999
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October 29, 2015, 08:13:36 AM |
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When chinese exchanges get increasingly out of sync with the rest of the world, a good correction is nearby.
There will be no significant correction in near future. We're heading beyond 1k in just couple of months! Upwards correction by western exchanges  or does China not lead anymore? |
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koryu
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October 29, 2015, 08:19:10 AM |
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 This seems appropriate right now. I was not expecting to see $305+ in the morning. next big resistance is around 385 (fib level), but I still think that we will meet heavy resistance up to 330
Depends where you're looking at. The sell side has more pressure now on Bitstamp and there is also this ~2k wall at $310: 
Update: That's not the point. completely different in china, asks down bids up: http://data.bitcoinity.org/markets/bidask_sum/30d/CNY/btcchina?bp=50&bu=c&r=hour&t=mhighest bidsum since 30 days and lowest asksum since 30 days |
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oda.krell
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October 29, 2015, 08:44:07 AM |
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Not on mah digital gold settlement network you won't.
Watch it and fume. I am DustWhale. Hear my roar. The small block psychos can kiss my blowhole. Just realized, there's one thing even better than the recent price: many of you guys making this place worth reading again. ** Maybe I lied a bit... You come in as a close second, though. |
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oda.krell
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October 29, 2015, 08:58:55 AM |
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On the resistance level issue:
Not sure about horizontal, geometric, or LT trend resistance levels, but in terms of a (quite reliable) mid-term trend (around monthly), 'hard' resistance of today sits at slightly below 330. Given that the market is bubbly, but not extremely so (yet), I don't expect it to go there today.
Double post?
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ChartBuddy
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October 29, 2015, 09:01:31 AM |
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a7mos
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October 29, 2015, 09:05:14 AM |
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at the beginning of this year , the price was 316$ are we goinig to pass this high soon  ? |
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Asrael999
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October 29, 2015, 09:25:17 AM |
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at the beginning of this year , the price was 316$ are we goinig to pass this high soon ? CNY market is +ve on the year already. and it USD equiv price is above $316 as i type |
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Fatman3001
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Make Bitcoin glow with ENIAC
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October 29, 2015, 09:25:42 AM |
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$310 was sooo pretty. Hope to see it again.
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ghandi
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October 29, 2015, 09:32:51 AM |
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The BitStamp 2k Wall will be eaten. Cheap coins for everyone. OKCoin already at $322 |
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Elwar
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Viva Ut Vivas
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October 29, 2015, 09:38:02 AM |
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I think the most important thing in Bitcoin that I have learned is that you never know what the hell the price is going to do.
It is unique as a world currency, something could happen on the other side of the world that you never heard of that changes the game. I'm still just pleased that we've held over $250 for 2 weeks. I purchased my plane ticket for Christmas in bitcoins at $270 because I thought that was high. I have a cruise that I booked that I have to pay for by January...I've been holding off on paying that until a big jump. Now I'm wondering how high this thing will go.
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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October 29, 2015, 09:42:38 AM |
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I think the most important thing in Bitcoin that I have learned is that you never know what the hell the price is going to do.
Exactly. Now the price is entering the 310 - 330 zone everyone is declaring as major resistance. Looking at the charts, it seems that the price should at least take a breather here for some time, if not correct downwards some. But who knows what will happen. Maybe because so many people are watching this price level we will see the price do something to fuck everyone over  |
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Denker
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October 29, 2015, 09:51:29 AM |
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The BitStamp 2k Wall will be eaten. Cheap coins for everyone. OKCoin already at $322 Oh my god chinese exchanges are really on fire.We're going up and they make the pace. |
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Fatman3001
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Make Bitcoin glow with ENIAC
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October 29, 2015, 09:52:13 AM |
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BTC-E joined the $300 party!
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BitofaN1
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October 29, 2015, 09:52:52 AM |
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By the time Bitstamp clears that 2k wall at 310, China is going to leave us in the dust.
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rjclarke2000
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October 29, 2015, 10:01:35 AM |
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Why are the Chinese doing this now all of a sudden?
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ChartBuddy
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October 29, 2015, 10:01:35 AM |
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dragonseer
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October 29, 2015, 10:15:30 AM |
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Why are the Chinese doing this now all of a sudden?
I can offer you a possible answer to consider. It may be that the Chinese are getting ready to do what many have feared for a while, and that is, start dumping US treasury bonds. They can do this but not without devaluing their own currency to a degree, before later stabilizing by moving to a gold standard. So insiders could well be moving private funds to Bitcoin in anticipation of this. If this is the case then this steady rise will continue before a violent upwards spike will declare Bitcoin is back in a big way. |
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