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

[billyjoeallen]

quick someone cook up some 'hot news' so we can have an epic bulltrap for me to short.

I'll be shorting with you this time (actually selling-no more margin trading for me for a while).  We need to defend $400 and need fiat to do it.

[billyjoeallen]

this could easily be the beginning of a $100 move. The Chinese customers will be going to bed. no more panic selling for the next 10 hours.

then in eleven hours you'll see a dump that'll take us back to where we are or lower.

[mmitech]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

[podyx]

[chessnut]

Podyx 

The bears have been blessed with surprise news, all the same shit. but in-between the pressure has always been up.

Give this market one chance to jump, and it will.

[Davyd05]

bears gonna go long to squeeze the bulls lol

[tarmi]

Personally I dont think the decline is over yet, Huobi will come with a statement that confirms the PBoC news. Don't be fooled, Chinese people have a way other culture when it comes to communication than most westerners.  

[gizmoh]

Food for thought: Capitulation rarely occurs when it is expected.

I remember waiting for sub $50 coins when price was 60-70

Same for the last wave, to find the top.

When everyone is waiting for sub $400 and the bulls are starting to expect more downtrend, then i'm buying with confidence

Risto is right, long live Risto.  

Is it not different this time? At $50 we had not China in the game. Just asking because I get in at ~$200

At that time we didn't have 10x exposure! Btc is distributed into more hands, much hodlers, less volume on exchanges, equal more value!
Do not underestimate Greed, Chinese gamblers aren't going anywhere, when price skyrockets again, they will be find ways to inject CNY namely via HongKong.
 

[TERA]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

All the previous reversal days were on 100-140K volume on stamp and that was WITH the help of all of the chinese exchanges and/or mtgox.

[ChartBuddy]

Explanation

[roslinpl]

Explanation

wuh .... from a long long time those charts doesn't looks like today's one ...
But anyway soon or later rain must stops.

[MinermanNC]

GM everyone, well the world hasn't ended and BTC is still there standing its own ground! lol I think its going to be a good day here

[chessnut]

this could easily be the beginning of a $100 move. The Chinese customers will be going to bed. no more panic selling for the next 10 hours.

then in eleven hours you'll see a dump that'll take us back to where we are or lower.

I dont think the market works like that. The chinese are not going to sleep blissfully unaware that market might crash to oblivion tonight. They have factored in yesterdays news today and are finished.
The chinese trading day is over, and tomorrow may open on a new page. If they like what they see, they might find a new sense of patience. After all, they have weeks to work around.

[MoreFun]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

[chessnut]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

.... my thoughts exactly.

[mmitech]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

I think and I hope


who am I kidding? you will be crying later anyways, and I will be making money....

[MinermanNC]

this could easily be the beginning of a $100 move. The Chinese customers will be going to bed. no more panic selling for the next 10 hours.

then in eleven hours you'll see a dump that'll take us back to where we are or lower.

I dont think the market works like that. The chinese are not going to sleep blissfully unaware that market might crash to oblivion tonight. They have factored in yesterdays news today and are finished.
The chinese trading day is over, and tomorrow may open on a new page. If they like what they see, they might find a new sense of patience. After all, they have weeks to work around.

I agree, I think all the dust is settling now. PBOC could always come back out and say its reconsidered and is going to set new guidelines. I don't see a huge sell off, nor have we seen that yet. BTC down over speculation more than anything, and of course Gox and all the crappy exchanges going under lol

[mmitech]

and it was only about time that huobi said something http://www.huobi.com/news/index.php?a=show_notice&id=286

Red candles incoming...

translation that makes sense. ("Fire Coin" refers to Huobi)
Distinguished fire coin network users:
About online rumors "4.15" incident, fire-coin network has been active in efforts to communicate with relevant departments, it is regrettable that so far, we have no specific information, nor will give investors an accurate answer, apologize.
Yesterday, several coins trading platforms have issued a short notice that there would be no point recharge card or bank transfer. We also saw in the Twitter and other sources, a lot of coin investors and our friends in the media are very concerned about the fire side of network news, first of all, we would like to thank all our friends to fire attention and support of the network of currency, then we fire-coin network business and the finance sector in funding channel access to the latest information (as 2014.4.3 16:00) made a detailed report on:
Fire-coin network colleagues in the business and Finance Department today and point card distributors and cooperation conducted phone banks, related as follows:
A, point card distributors: 1) four third party payment companies to cooperate, there's a phone tip risk, the other three for the time being there is no feedback issues; 2) prompted the risk of third party payment companies, has not received a new notification, made to the point card distributors risk because of being reported, led calls for strict execution on December 5 last year, five ministries and commissions release the notice of the risk on the prevention of the bitcoin.
Second, the Bank: 1) industry, agriculture, construction, four lines of fire money net branch to open an account in the last 3 months are not receiving notifications; 2) for April 15, saying they were obtained from the media; 3) they were unable to determine the authenticity of the message.
Coin above the fire gathered by the network of current information, this information is first-hand, and is an objective description, does not make any inference and speculation. Fire CAD information network platform information and other announcements are not exactly the same, may be caused by differences in geographical as well as service providers, as to why different regions with different service providers may have different policies, is not known.
Based on the above information, taking into account the uncertainty of current industry policies, after consultation with the point card distributors, fire-coin network will be officially closed on April 5, 2014, at 0 o'clock card. At the same time, currency net bank transfer charge of fire service is 7*24 hours manual processing, make sure that the user fast recharge. In addition, the coin of fire net withdrawal of RMB business is not affected, bitcoin recharge, Leyte currency are not affected.
Finally, the coin of fire NET declares:
Because the domestic industry policy uncertainty, bitcoin trading volatile, users are desperately hoping to get their desired information. Users want platform for short message is bad, once good will usher in scolding the sound or vice versa. In this regard, the coin of fire NET Disclaimer: coin of fire NET, air never represented more than the interests of any party, announcement or information are ahead, open, objective and stand the test of time, the majority of users monitoring.

[TERA]

Where can I trade Fire Coin / BTC?

[mmitech]

Where can I trade Fire Coin / BTC?

fire coin is the name of the company that operates Huobi...