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

[crazy_rabbit]

So.... while we are burning are heads trying to pick a bottom Chinese exchanges are adding services:

https://796.com/news/detail/92.html

Users will be able to buy and sell Bitcoin at 796 Exchange from 14:00, December, 17th, 2013 (GMT +8) using US dollars. We would like to encourage as much participation in the new LTC/USD market as possible, so we will initially launch with zero trading fees. Users can deposit/withdraw through International Wire Transfer and OKPay. More deposit methods will be added soon. We’ve also added an internal transfer feature to better serve our users, especially those who have difficulty depositing USD. We’re working hard to provide Litecoiners all around the world with a stable, reliable and comfortable trading experience, as well as quick response customer service.

WTF?  

Well, naturally  no? They are in Hong Kong, so they should have access to USD, makes sense if you ask me. I wouldn't be surprised if the other Chinese Exchanges move as well.

[EuroTrash]

New lows coming on Stamp and Gox.

Discuss.

We will stabilize within 650-750 range, as it dropped heavily. Once market realizes there is more resistance ahead and Chinese overbought coins with no new buyers to pass the bag to, new discounted coins will follow.

I'd love to take those btc bags off them but my monthly budget doesn't allow for it right now.

[bizz]

So.... while we are burning are heads trying to pick a bottom Chinese exchanges are adding services:

https://796.com/news/detail/92.html

Users will be able to buy and sell Bitcoin at 796 Exchange from 14:00, December, 17th, 2013 (GMT +8) using US dollars. We would like to encourage as much participation in the new LTC/USD market as possible, so we will initially launch with zero trading fees. Users can deposit/withdraw through International Wire Transfer and OKPay. More deposit methods will be added soon. We’ve also added an internal transfer feature to better serve our users, especially those who have difficulty depositing USD. We’re working hard to provide Litecoiners all around the world with a stable, reliable and comfortable trading experience, as well as quick response customer service.

WTF?  

Well, naturally  no? They are in Hong Kong, so they should have access to USD, makes sense if you ask me. I wouldn't be surprised if the other Chinese Exchanges move as well.

I have no idea how much autonomy they have left? Never been there & only watched some documentary about coming changes years ago.

[ChartBuddy]

[tonyq]

[wobber]

I just regained my inside peace and sleep with the recent boring period in bitcoin. Thanks!

[gizmoh]

Double local top of 4300 at btcchina.. Welcome to Bear Market..

[TERA]

Double local top of 4300 at btcchina.. Welcome to Bear Market..

Same pattern as last crash.

[windjc]

Double local top of 4300 at btcchina.. Welcome to Bear Market..

Same pattern as last crash.

Given the resistance at 3500 CYN going back to Nov. 20th, we do have a chance to establish a new floor there.

Although I would put that chance at about .003%

[gandhibt]

Double local top of 4300 at btcchina.. Welcome to Bear Market..

Same pattern as last crash.

4633 - 4334 is not double top its lower high

[windjc]

Double local top of 4300 at btcchina.. Welcome to Bear Market..

Same pattern as last crash.

4633 - 4334 is not double top its lower high

Correct. There are so many strange technical calls in this forum section sometimes.

[maz]

Wow, spent the whole weekend up at the in-laws farm, no cell signal or internet, only getting snippets of the action every 2 hours when I held the phone up high and prayed.

Looks like you guy's have had some fun over the weekend.

[Bitcoin Machine]

 I just wanted to share this chart again.  We live in a world which moves very fast and looking at the bigger picture can help.

I personally like to keep healthy thoughts based on long term projections within healthy ranges.  A healthy Bull is good too.

this is a good chart, i like it

[nanobrain]

Of course we could all be being incredibly naive....China has gone from having the most expensive coins to having the cheapest...fiendishly clever

[gandhibt]

does that mean that being bullish is not healthy? i thought that its been very good to be bullish and back it up with fiat, that's what is made most money to people?

[EuroTrash]

Wow, spent the whole weekend up at the in-laws farm, no cell signal or internet, only getting snippets of the action every 2 hours when I held the phone up high and prayed.

Looks like you guy's have had some fun over the weekend.

The bears came en-masse and crashed our party.
Now we are tidying up. It will take a while.
When they are done firing their ammo we'll retaliate and take over their bunker. Stay tuned.

[windjc]

China getting ready to dump to 3800 in 3...2...1

[Bitcoin Machine]

does that mean that being bullish is not healthy? i thought that its been very good to be bullish and back it up with fiat, that's what is made most money to people?

I said previously "A healthy Bull is good too"  

Edit: 
Healthy = Conservative. 

Bullish is great but can quickly turn into something unsustainable.

[maz]

does that mean that being bullish is not healthy? i thought that its been very good to be bullish and back it up with fiat, that's what is made most money to people?

Don't you dare stop shouting 'to the moon' gandhi, otherwise planes will fall out the sky and clocks will stop ticking. Your the bull that all the other bulls go to when they need a bull pep-talk!

[nanobrain]

So.... while we are burning are heads trying to pick a bottom Chinese exchanges are adding services:

https://796.com/news/detail/92.html

Users will be able to buy and sell Bitcoin at 796 Exchange from 14:00, December, 17th, 2013 (GMT +8) using US dollars. We would like to encourage as much participation in the new LTC/USD market as possible, so we will initially launch with zero trading fees. Users can deposit/withdraw through International Wire Transfer and OKPay. More deposit methods will be added soon. We’ve also added an internal transfer feature to better serve our users, especially those who have difficulty depositing USD. We’re working hard to provide Litecoiners all around the world with a stable, reliable and comfortable trading experience, as well as quick response customer service.

WTF?  

Well, naturally  no? They are in Hong Kong, so they should have access to USD, makes sense if you ask me. I wouldn't be surprised if the other Chinese Exchanges move as well.

I have no idea how much autonomy they have left? Never been there & only watched some documentary about coming changes years ago.

They have significantly more freedoms than the 'mainland'.  HK is a "Special Administrative Region"...residents are allowed travel documents, there are elections for the legislative assembly and economically it is pretty much as laissez faire as it ever was. I lived there both before and after the handover and still have friends there who report its much the same although more difficult to get jobs if you are not sponsored or a resident.

There have been some changes post 1997 but to paraphrase Deng Xiopeng, you don't wash a good teapot.