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

[chessnut]

Adam, countdown please!

edit: LTC cheated and started earlier!

love it. a 'troll' turned bull with precision and accuracy. we have all misjudged you fonzie. 

[bitcoinsrus]

Adam, countdown please!

edit: LTC cheated and started earlier!

love it. a 'troll' turned bull with precision and accuracy. we have all misjudged you fonzie. 

[TERA]

that is one bullish set of daily candles. Where are the train pics?

LOL. We're not buying your $350 coins for $417. I'm pretty sure you dumped them already anyway.

It does not matter if the statement is bullish or bearish - I cannot point out objective statements about TA and charts without having my own position questioned. Why is that?

[BBmodBB]

....
Chinese can feel comfortable about holding bitcoins now ("like stamps"), ....

^kinda like fortune cookies ? =)

[Walsoraj]

Problems solved.

Chinese exchanges are moving out of China.

http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/

Other than a Moses type exodus of biblical proportions with all their customers moving out of China too, not sure how this solves the problem of using a regulated fiat currency with these exchanges.

what i never get is if the regulation will be differently applied to the special economic zones in china (esp Hongkong & Shanghai as financial centre)?

Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel.
Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately).

What does moving overseas solve? Do the exchanges believe that if they relocate it will then be easier for Chinese citizens to deposit fiat?  

PBOC has made it very clear that they do not want financial institutions sending money to exchanges directly or indirectly through payment processors. No way around it.

[Stevenrm87]

Problems solved.

Chinese exchanges are moving out of China.

http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/

Other than a Moses type exodus of biblical proportions with all their customers moving out of China too, not sure how this solves the problem of using a regulated fiat currency with these exchanges.

what i never get is if the regulation will be differently applied to the special economic zones in china (esp Hongkong & Shanghai as financial centre)?

Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel.
Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately).

What does moving overseas solve? Do the exchanges believe that if they relocate it will then be easier for Chinese citizens to deposit fiat?  

PBOC has made it very clear that they do not want financial institutions sending money to exchanges directly or indirectly through payment processors. No way around it.

If there's a will  there's  a way

[JayJuanGee]

Problems solved.

Chinese exchanges are moving out of China.

http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/

Other than a Moses type exodus of biblical proportions with all their customers moving out of China too, not sure how this solves the problem of using a regulated fiat currency with these exchanges.

what i never get is if the regulation will be differently applied to the special economic zones in china (esp Hongkong & Shanghai as financial centre)?

Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel.
Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately).

Does NOT make much if any sense..    Also, overseas is quite big... so, to where are they moving? 

[JayJuanGee]

Currently, I think we are getting a pump.. here..

and the dump will come later.. maybe tomorrow? or at least less than 24 hours?

[chessnut]

Currently, I think we are getting a pump.. here..

and the dump will come later.. maybe tomorrow? or at least less than 24 hours?

see how far it goes first. depending on how far it goes, it may not be just a pump. the daily candles are threatening critical levels. 

[porcupine87]

Is there a reason why it is rising so fast?

[fonzie]

I think someone has to tell the bots on Huobi that now is the time for panic buy.
LTC pumped way better at first. BTC lame as fuck.

[TERA]

Currently, I think we are getting a pump.. here..

and the dump will come later.. maybe tomorrow? or at least less than 24 hours?

Order books and charts are showing a powerful momentum with thin retraces, early indicator reversals, and lots of bids filling in.

I think there should be a consolidation of a couple days before break to 520 (and then either dump or trend reversal). At least that's how it worked last month with mtgox. Only problem I see is there is significantly less volume on stamp this time. Stamp did 64K of volume yesterday and with the mtgox bounce, it did 120K of volume. The candles now, however, actually look even more bullish than then, but the volume does not. I don't know what to make of it.

I would make sense in this situation if the trend is being driven by Chinese re-entrants and so the volume there is more significant. However, in that case we have to trust that this the end of the China situation and that the Chinese volume wont get killed of by continued bank shutdowns. So far, ignoring the volume on stamp has always been a mistake.

[ChartBuddy]

Explanation

[seleme]

I wouldn't care if it was final bottom or not if I traded this with my full power  

I missed this one definitely, made some 2k$, that's nothing what I could made.  

And it might be the bottom, I usually never miss the lows though I sell too early on bounce, yesterday I was too scared to go full in first time 

[porcupine87]

I missed this one definitely, made some 2k$, that's nothing what I could made. 

Well, I light a candle for you

[seleme]

I missed this one definitely, made some 2k$, that's nothing what I could made.  

Well, I light a candle for you

I had lot of fiat waiting, could have easily made 20k in last 24 hours if I wasn't a pussy.

But again, that's how it is now, I decided to protect these gains and I won't risk it easily until I am certain even if I had to buy at 600$. It's lot of money that gives me some security and free time to approach the future period. Plus if it explodes I'll pick my gains in my alts investments so it's not time to be too greedy.

[JorgeStolfi]

I don't know what to make of it.

Well, I don't think that there has ever been a situation like this in the stock market: all the largest exchanges being ordered to stop using banks to transfer client money in or out, within the week.  The theory for that case probably does not exist, and certainly has not been tested.

[seleme]

I wouldn't care if it was final bottom or not if I traded this with my full power  

I missed this one definitely, made some 2k$, that's nothing what I could made.  

Same here. I made a few K shorting from 430 to 350 into my order net. Then made a measly $500 on a very conservative long trade, which I immediately lost on a failed short that I had to stop loss. Now I've taken a tiny long at 420 but am very hesistant to use my 'full power' until I start to see reversals on the 3D and 1W charts. It's been scary lately with this low volume and unpredictable Chinese actions that I've only been using about 20% of my account to trade.

You made lot of money and with China situation it's a time to be more conservative. There will be many more chances to make more. It's exactly same with me.

[fonzie]

It took 10 minutes for those stupid chinese to realize that all conditions for a small rallye were given. I hope they are out soon.
Bitstamp does not dare to do anything without Huobis permission.

[seleme]

It took 10 minutes for those stupid chinese to realize that all conditions for a small rallye were given. I hope they are out soon.

they're rallying just now.