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

[Newfeeling]

The rally could be due to this notice just posted to Huobi:

关于火币网恢复点卡充值方式的通知
时间 ：2014-04-17 13:10:09 来源： 火币网
尊敬的火币网用户：
    为了解决非工作时间充值到账较慢的问题，火币网经过和点卡代理商协商后，我们将于今日17：00恢复点卡充值服务，支持所有主流银行充值，7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17

(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎

[chessnut]

Huobi.... what a faker.

[mooncake]

Ah yes, because 2 lines cross we all must buy in.
If they cross are you selling your house, taking a loan, to go all in?

Usually when the 2 1-day EMA lines cross, there will be significant price movement. This is because many bots use this to trigger trades.
If you can ride this trend, you can use it to your advantage.

[Bitcoin_is_here_to_stay]

OKCoin seems to be inviting everybody to some open house party on April 19, to among other things, "Understand the overall situation and development trend of Bitcoin industry":
https://www.okcoin.com/t-1008403.html
Who/what is a/the "bitcoin goddess" (比特币女神)?  (Could THAT be the secret of their huge volume?  )

EDIT: Well, the West has Bitcoin Jesus, so there is no reason to despair yet. 

Lol, I could ddefinitely used some explanations of the "overall situation"

[mooncake]

OKCoin seems to be inviting everybody to some open house party on April 19, to among other things, "Understand the overall situation and development trend of Bitcoin industry":
https://www.okcoin.com/t-1008403.html
Who/what is a/the "bitcoin goddess" (比特币女神)?  (Could THAT be the secret of their huge volume?  )

EDIT: Well, the West has Bitcoin Jesus, so there is no reason to despair yet. 

Bitcoin cosplay girls.  

[windjc]

The rally could be due to this notice just posted to Huobi:

关于火币网恢复点卡充值方式的通知
时间 ：2014-04-17 13:10:09 来源： 火币网
尊敬的火币网用户：
    为了解决非工作时间充值到账较慢的问题，火币网经过和点卡代理商协商后，我们将于今日17：00恢复点卡充值服务，支持所有主流银行充值，7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17

(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

[Bitcoin_is_here_to_stay]

Huobi acting completely crazy atm! Looks like whoever was pumping, mostly lost the money ...

Or maybe their coins are really at other exchanges outside china waiting for other people to buy it 
Then chinese exchanges pretending there was a pump then other exchanges follow and their coins get bought 

Yeah, that would make more sense.

[niothor]

The rally could be due to this notice just posted to Huobi:

关于火币网恢复点卡充值方式的通知
时间 ：2014-04-17 13:10:09 来源： 火币网
尊敬的火币网用户：
    为了解决非工作时间充值到账较慢的问题，火币网经过和点卡代理商协商后，我们将于今日17：00恢复点卡充值服务，支持所有主流银行充值，7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17

(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

As usually , we have a chinese section on this board , but nobody able to do a proper translation

[windjc]

Traders on Houbi defending 3200 with their lives.

[JorgeStolfi]

[FUD]
That Huobi note is a small positive development, but could be an attempt to push up morale and provide an emergency workaround before bad news that may come tomorrow Apr/18.  Like a sailor knocking at every passenger's cabin door and handing over a life jacket and a bottle of shark repellant "with compliments of the Capitan, just to improve your safety even more". 
[/FUD]

[Bitcoin_is_here_to_stay]

Traders on Houbi defending 3200 with their lives.

I am also watching with curiosity - do you think we will see another desperate pump @3200?

[niothor]

[FUD]
That Huobi note is a small positive development, but could be an attempt to push up morale and provide an emergency workaround before bad news that may come tomorrow Apr/18.  Like a sailor knocking at every passenger's cabin door and handing over a life jacket and a bottle of shark repellant "with compliments of the Capitan, just to improve your safety even more".  
[/FUD]

No need for the  FUD quotes.
We all know that you have turned from a so called analyst into a desperate cavebear facing  extinction.

[BBmodBB]

Traders on Houbi defending 3200 with their lives.

I am also watching with curiosity - do you think we will see another desperate pump @3200?

$3200!    //^HOLD TIGHT!!!!

[JorgeStolfi]

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

Your guess is as good as mine, but I understand that they found a way to reactivate their TOPUP cards. These are an alternative way for clients to deposit CNY in their Huobi accounts, distinct from sending bank wire deposits to the Huobi corporate account.  I don't know exactly how those cards work, but it seems that they asre issued by Huobi and can be "recharged" through a 3rd party payment processor.  Huobi used to have that option, but they suspended it voluntarily on Apr/01 or tehreabouts.

[mooncake]

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

Your guess is as good as mine, but I understand that they found a way to reactivate their TOPUP cards.

You are correct.

[Adrian-x]

You can stretch them again , use a different time period , change the colors , but no way you can get those too match.
I really don;t understand why people have this need of matching current events with previous ones in order to "see' the future.

Me neither... 

By the way, what is (are) the prossible explanation(s) for the April 2013 rally?

In hindsight I think a lot of liquidity was absorbed by the Twins. Bitcoin was getting positive press, there was a little run before halving that turned out to be a non event, but the statisticians / " quants" saw the liquidity trap and worked some magic and the herd followed the moment ASIC's arrived. The big kicker was the onset / arrival of ASIC's they were so successful GPU mining became obsolete although still profitable. It was a paradigm shift in that if you wanted Bitcoin you now had to buy it. The innovator stage ended and early adopter stage started.

Also the wave of new investor theory by rpietila timed perfectly with the successful halving event, (the code worked) and there was enough scarcely for everyone.

The same phenomenon happened when GPU mining was invented the increase in difficulty took the price from around a $0.01 to $0.30 and on to $1.00.

There is going to be another scarcity events in 2016 with halving and again when Bitcoin inflation falls in line with fiat inflation.
 
I think want added to the phenomenon is one of the first back of the envelope calculations people do when assessing Bitcoin is work out the value give world population and when they see it manifesting they reinvest there profits.

December's scarcity events was caused by liquidity moving to China and the West holding on all the good news out of the US.

What is at play now is distribution optimization in preparation for the next scarcity event. The coins need to be well distributed for the effect of value take hold.

 

[freebit13]

Cliven Bundy frees some of his his stolen cattle from the Feds... bullish?

Looks like we're finally crossing over on the 3D MACD. With the 1D, 12h, 6h & 4h all in the green for support, could this be a bull run?

[JorgeStolfi]

No need for the  FUD quotes.  We all know that you have turned from a so called analyst into a desperate cavebear facing  extinction.

I never was an "analyst", so-called or otherwise-called.  As for being a cave bear, my prediction for after Apr/15 (posted here on Mar/29) was  "3500--3700 CNY or  580--610 USD". 

But I already got it, anyone who does not believe in 1,000,000,000 USD/BTC by next week is a bear...

[mooncake]

Cliven Bundy frees some of his his stolen cattle from the Feds... bullish?

Looks like we're finally crossing over on the 3D MACD. With the 1D, 12h, 6h & 4h all in the green for support, could this be a bull run?

When 1W supports, then it is confirmed.
Then again, the chance will be missed to buy cheaply.

[Newfeeling]

The rally could be due to this notice just posted to Huobi:

关于火币网恢复点卡充值方式的通知
时间 ：2014-04-17 13:10:09 来源： 火币网
尊敬的火币网用户：
    为了解决非工作时间充值到账较慢的问题，火币网经过和点卡代理商协商后，我们将于今日17：00恢复点卡充值服务，支持所有主流银行充值，7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17

(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

-facepalm-