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

[seriouscoin]

Everytime we're going up but the spread between exchanges getting larger is not a good thing.

BTCChina is SO CHEAP? this pump push the price up for for arbitrage profits.

[nanobrain]

I just discovered Kraken.. I'm surprised more people aren't using them. They have a bunch of advanced features, including stop loss.

San Francisco based

I'm surprised...given their third fiat currency is KRW I thought they were a Korean enterprise...nothing against Korea...its just a weird choice.

[jl2012]

On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose  brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..

LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally

[fluidjax]

Bears... is it time to switch to your alt accounts yet?

[wachtwoord]

On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose  brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..

LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally

If it had stayed at a constant rate to BTC it would have been okay. I sold my (only 10) Litecoins at 0.049 BTC at the end of November.

[ChartBuddy]

[gizmoh]

Everytime we're going up but the spread between exchanges getting larger is not a good thing.

BTCChina is SO CHEAP? this pump push the price up for for arbitrage profits.

Indeed, it screams there is not enough buying pressure in that exchange.
And many chinese for sure will move their coins to stamp for a 'one time arb' with instant $100 profit and USD funds out of china. What a sweet deal for them!
I expect sub $600 coin on stamp tonight.

[manfred]

On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose  brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..

LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally

Well BTC-e had a 24h volume of 4,861,136 LTC/USD traded not counting LTC/EUR or other currency's or other exchanges Almost 5 mil its only 6% of the market in your view. 0.2-03% trading fee on BTC-e so the are making a killing on lites  

[rezurect]

Will we break 3500CNY?
StochRSI is overbought. 1 nudge please..

[mmitech]

Will we break 3500CNY?
StochRSI is overbought. 1 nudge please..

this race will go without China....  look the price is almost 150 USD higher than china

[rezurect]

True. The price is higher..
But the movement across exchanges is too similar.
btc-e

[spooderman]

stamp and china going for it

[granathus]

Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

[seriouscoin]

True. The price has decoupled.
But the movement across exchanges is too similar.
btc-e

Ofcourse it has to be similar ... why do you think otherwise?

[seriouscoin]

Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

Those coins being bought from China has to be sold somewhere else within a month yeah?

So where do you think they will be sold?

[mmitech]

Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

I think that if it is going up now the crash is done, most interesting is that China is going up without fresh money, all deposits are temporary stopped, so this is the selling denial faze ,  people are buying back now that everything is clear....

[rezurect]

Will we break 3500CNY?
StochRSI is overbought. 1 nudge please..

Whats the purple line? How to show it?

Settings>Indicator parameters. EMA.

[granathus]

Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

Those coins being bought from China has to be sold somewhere else within a month yeah?

So where do you think they will be sold?

That sounds like a rhetorical question.  

[Mirsad]

Bounce target is 550-600 Euro. With an overshoot that could reach 10% more.
We have not seen the bottom yet.

btw. I allready bought back, very close to the bottom (@ 350 Euro). But I'll take profits the whole ride. Thanks weak hands.

[fluidjax]

Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

Those coins being bought from China has to be sold somewhere else within a month yeah?

So where do you think they will be sold?

The coins have to be sold within a month... why?
My guess is non Chinese money is buying the cheap coins.