Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[gizmoh]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.bloomberg.com/news/articles/2015-10-30/offshore-yuan-gains-as-pboc-stamps-out-discount-to-shanghai-rate


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

[peonminer]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.bloomberg.com/news/articles/2015-10-30/offshore-yuan-gains-as-pboc-stamps-out-discount-to-shanghai-rate


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

DUMPPPPPP

[ChartBuddy]

Coin

Explanation

[r0ach]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Except your link says: 

"expectations that Beijing is ultimately targeting a 20% devaluation in order to boost said imploding economy"

So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well?  Usually white kids with autism win all the math tournaments, but the Chinese might be able to figure that problem out.

[skeet]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.bloomberg.com/news/articles/2015-10-30/offshore-yuan-gains-as-pboc-stamps-out-discount-to-shanghai-rate


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

DUMPPPPPP

It's time for panic selling.

[yolalanda]

...
So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well lose it all? ...

FTFY

@skeet: first denial, then panic selling.

[gizmoh]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Except your link says:  

"expectations that Beijing is ultimately targeting a 20% devaluation in order to boost said imploding economy"

So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well?  Usually white kids with autism win all the math tournaments, but the Chinese might be able to figure that problem out.

That particular comment is from zerohedge pseudonymous writer..  Zerohedge  = An apocalyptic world viewing angle!

[becoin]

DUMPPPPPP

Was done few minutes to the close of the hour obviously to manipulate hourly charts. Didn't worked as intended as it met strong demand. Still a strong buy on dips!

[ImI]

correction to 300$ imminent?

[BlindMayorBitcorn]

Sounds like you guys had an exciting night. There's no way I can read all those posts before work!

[pleaseexplainagain]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

[!! pop]

Where are you guys?

http://s11.postimg.org/alskwhuo3/404_Anonymous_7.jpg

[inca]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Either it's moon or doom on here.

The price is 318 after a parabolic rise and a minor pullback. Could it go lower? Sure. But bitcoin is heavily shorted and the ask side is looking mighty thin everywhere. And of course retail is expecting the price to return back from whence it came. Short away!

[gizmoh]

DUMPPPPPP

Was done few minutes to the close of the hour obviously to manipulate hourly charts. Didn't worked as intended as it met strong demand. Still a strong buy on dips!

"manipulate" - Come on,  We had 9 daily green candles!


"Still a strong buy on dips!" - Whales now have juicy  bids for sell off.

The charts on daily, are already painting a nice top doji .

[r0ach]

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Here comes the fraud posts from shorters and people who were waiting to buy the bottom but got left behind.

That particular comment is from zerohedge pseudonymous writer..  Zerohedge  = An apocalyptic world viewing angle!

Zerohedge is always right, just off by timings of months, years, decades.

[madmat]

Daily shooting star in formation. Prepare your parachute.

[ImI]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

[Nimbulan]

well i guess reaching 330 was the top now we should get ready for landing to about 250 each

[pleaseexplainagain]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Either it's moon or doom on here.

The price is 318 after a parabolic rise and a minor pullback. Could it go lower? Sure. But bitcoin is heavily shorted and the ask side is looking mighty thin everywhere. And of course retail is expecting the price to return back from whence it came. Short away!

can someone tell me the difference between "parabolic rise" and "bubble". to me the first just sounds less potentially frightening but are they not ( with bitcoin at least since 21012) the same thing?

[podyx]

You're overexaggerating this. China is still $20 above bitstamp. We had a nice run up, of course there'll be a correction after