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rjp55
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April 17, 2014, 09:54:07 AM |
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Sub 400 coins in 24 hours.
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windjc
Legendary
 Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:54:32 AM |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
How was it falling? And how is panic selling because of yet another China anouncement a natural correction? The problem is the rally was not a "natural" correction. It was another oversold situation just like 710. Everyone was so sure we were going to the moon. |
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ShroomsKit
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April 17, 2014, 09:54:59 AM |
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Sub 400 coins in 24 hours.
Source? |
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Dalmar
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April 17, 2014, 09:55:16 AM |
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Sub 400 coins in 24 hours.
There's not enough fud for that. 480-450 range most likely. |
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rjp55
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April 17, 2014, 09:55:31 AM |
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Sub 400 coins in 24 hours.
Source? China |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:56:21 AM |
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The 2hr candle on Houbi is nasty looking.
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mooncake
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April 17, 2014, 09:57:10 AM |
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I'm surprised how slowly the price is falling. Looks like the bad news had been priced in to some degree.
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darklight
Member
Offline
Activity: 88
Merit: 10
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April 17, 2014, 09:57:53 AM |
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It could go quite a bit lower. If the remaining Chinese banks close deposit methods over the next couple of days, combined with public holidays in Europe and US, that will be a lot of days with no cash flowing in to any exchanges
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magicmexican
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April 17, 2014, 09:58:06 AM |
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By the way, is this a cup and handle on the 12-6-4h graph?
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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April 17, 2014, 09:58:26 AM |
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Did the dumping start before the anouncement was made public?
Look, at this point these announcements dont matter. Traders are just using them as entry and exit points. I think most people who wanted to pull their funds off exchanges have already done so in China. However, its the future difficulty of getting money into exchanges which is bearish. Meanwhile, China traders who remain on exchanges remain as kamakazee as ever. They matter because, right or wrong, traders do react to them! |
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dreamspark
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April 17, 2014, 09:58:45 AM |
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Mid 400's is fine with me.
Didnt they already announce the closure of their accounts by the 18th thus this is expected?
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dreamspark
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April 17, 2014, 09:59:18 AM |
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I'm surprised how slowly the price is falling. Looks like the bad news had been priced in to some degree.
Its because its not that bad or different to anything else... |
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ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 17, 2014, 10:00:19 AM |
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darklight
Member
Offline
Activity: 88
Merit: 10
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April 17, 2014, 10:00:54 AM |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Don't you think its even a little bit suspicious that each of these announcements is preceded by a large dump, right before the news is made public? |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 10:02:47 AM |
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I can only assume that several people on Bitfinex have bots that are buying and selling based on buys and sells on Houbi.
Otherwise, these are just mindless traders.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 10:04:25 AM |
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Slow drip drip drip to 3000. Either it continues this and rebounds a little around 3010 or selling increases and get a big red candle that plows right through 3000. I kinda think the former.
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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April 17, 2014, 10:04:47 AM |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Don't you think its even a little bit suspicious that each of these announcements is preceded by a large dump, right before the news is made public? And what you / we can do about that? Remember that if they are not doing it intentionaly, they would be stupid to not take advantage of this insider info. |
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darklight
Member
Offline
Activity: 88
Merit: 10
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April 17, 2014, 10:09:50 AM |
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Can't do anything about it obviously  My point was more that many people are saying this is just a normal correction and the price was going down already regardless of the news, whereas there is also the possibility that some people may get the news before others and lead these corrections |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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April 17, 2014, 10:10:06 AM |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Don't you think its even a little bit suspicious that each of these announcements is preceded by a large dump, right before the news is made public? Actually no not at all. I have been expecting this dump for more than a day. EW analysis often seems to coincide with news, because news affects the market the most at extremes of sentiment. |
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TERA
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April 17, 2014, 10:11:09 AM |
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Bear market is not back on until (if) 1D crosses down.
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Poll
