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

[magicmexican]

bulltrap in the making

bottom confirmed

Any substantial and bullish event happened today?

There's been many ups like this one over the past few weeks... we always end up having too little amount of rocket fuel

I know, and you could be right, but when every upward movement is being insta marked as a trap the bottom is usually somewhere near

[podyx]

Stamp depth is a joke

why?

[Zule]

Stamp depth is a joke

why?

20$ movement with 16 btc triggers walls to shift...

[podyx]

Stamp depth is a joke

why?

20$ movement with 16 btc triggers walls to shift...

its rough out there

[droptable]

if we see 481, there is an uptrend.
before that: no.

there is an invisible wall at 480.
(at the moment it is visible, but thats not the one i m talking about)

someone is running a script to place there coins.

(what i m guessing, just from looking at it:)
- the goal is, to have around 8 coins at 480.
- if the invisible wall gets below 2 coins, it gets refilled
- if someone else is placing there and the amound gets over 20 coins get removed.

thats why we are waiting for 481.


// its close to 20.15 - Tatort is about to start. cu later ;-)


//edit: btc-e is the one im talking about.

[molecular]

// its close to 20.15 - Tatort is about to start. cu later ;-)

muss ich den jetzt gucken weil die mich zwingen Gebühren zu zahlen?

[YogoH]

We found a bottom. With BTC-E now accepting CNY, even if the Chinese exchanges go down, they can still use BTC-E.

[podyx]

We found a bottom. With BTC-E now accepting CNY, even if the Chinese exchanges go down, they can still use BTC-E.

are chinese banks allowed to send money to btc-e??

[gentlemand]

I'd be surprised if they did. I assume any money'll go through their myriad bunch of payment processors.

[YogoH]

We found a bottom. With BTC-E now accepting CNY, even if the Chinese exchanges go down, they can still use BTC-E.

are chinese banks allowed to send money to btc-e??

Chinese can legally send up to 50k per year in international wire transfers

[surfer43]

We found a bottom. With BTC-E now accepting CNY, even if the Chinese exchanges go down, they can still use BTC-E.

I don't really know what CNH (China Offshore Renminbi) is, but it is not CNY afaik.

Edit: here you go: http://www.businessinsider.com/difference-between-onshore-and-offshore-renminbi-2013-2

[FullLife]

I think you'd have to be pretty desperate to sell right now.

[GameStarter]

Dump or Pump now?

[JorgeStolfi]

Chinese can legally send up to 50k per year in international wire transfers

Can they send CNY that way, or do they have to convert to other currencies?

[bizz]

Dump or Pump now?

PBOC loves to release news early monday UTC... I'd wait

[igorr]

Dump or Pump now?

Mega dump...

[adamstgBit]

Dump or Pump now?

both at the same time forever.

[Hypnoise]

Dump or Pump now?

both at the same time forever.

scare tactics??

[JorgeStolfi]

Dump or Pump now?

PBOC loves to release news early monday UTC... I'd wait

Indeed, Google easily found a random precedent:

http://www.chinadaily.com.cn/bizchina/2013-06/24/content_16652294.htm
The People’s Bank of China released a circular on Monday [ June 24 ] morning requiring banks to strengthen management over liquidity. [ ... ] The circular was dated June 17, but was released on Monday. It came after a liquidity crunch when the cost of benchmark short-term funding climbed to all-time high on June 20.

[roslinpl]

Dump or Pump now?

Mega dump...

Mega dump? just a price drop like in december...

wait few weeks ... and we will see a new price