_javi_
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June 29, 2014, 10:31:20 PM |
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pump up the jam!!!
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ChrisML
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June 29, 2014, 10:32:50 PM |
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Wowa. What the living fuck
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BTCfan1
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June 29, 2014, 10:34:25 PM |
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Wowa. What the living fuck
here we go wall about to fall on stamp...
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ChrisML
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June 29, 2014, 10:37:18 PM |
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Lots of buying going on at BTC-E.
And pretty big orders.
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Timmmaahh
Member
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Activity: 98
Merit: 10
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June 29, 2014, 10:37:24 PM |
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600... you shall not pass 30 min and stamp has eaten it
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CEG5952
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June 29, 2014, 10:38:35 PM |
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Action heating up a bit. Bid whale on BFX back to pumping. 500 ask still there on Stamp, slowly getting eaten but no real damage yet. Meanwhile, Huobi is still asleep and drove this with bots on no volume almost....
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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June 29, 2014, 10:39:47 PM |
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This movement is so insignificant it's not even funny to watch. Wake me up when we go beyond 670. I mean, next year.
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BTCfan1
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June 29, 2014, 10:43:05 PM |
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This movement is so insignificant it's not even funny to watch. Wake me up when we go beyond 670. I mean, next year.
seems to me like things are just beginning...
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CEG5952
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June 29, 2014, 10:47:15 PM |
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Yep, another $10 move and no follow-through. We could very well get an up-leg, but this looks nothing like the start of some of the crazy pumps we've seen in the past few months. Might still just fizzle out and bleed down. Huobi did stop right at descending triangle top (short term).
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ChrisML
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June 29, 2014, 10:48:13 PM |
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When the stamp wall is gone and it passes $615 im satisfied.
When BTC-E gets beyond $605 im satisfied.
For now.. it's just a shitstorm that can go 3 ways. Up,down or sideways.
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CEG5952
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June 29, 2014, 10:49:31 PM |
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When the stamp wall is gone and it passes $615 im satisfied.
When BTC-E gets beyond $605 im satisfied.
For now.. it's just a shitstorm that can go 3 ways. Up,down or sideways.
My thinking as well. Have not seen a clear breakout yet. We see so many fakeouts/whipsaws these days, I try not to get too excited over a $10 jump anymore. Like you said, up, down or sideways....
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JorgeStolfi
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June 29, 2014, 10:50:21 PM |
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And the Finex is off Since everybody has me on ignore by now, no one will mind me observing that the price on OKCoin and Huobi started to rise several minutes before that big buy at Bitfinex. Thus that buy may be just an arbitrage trade, delayed by the trading fees at Bitfinex and perhaps by residual price mismatch. That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up". I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average. So the Chinese day tends to begin with a price rise, that may be reversed later. But, again, this is only an impression.
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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June 29, 2014, 10:50:45 PM |
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It seems it mostly goes sideways or down. Anyway, too many people wait for a big bubble and that's the reason I'm reluctant to believe that we can go beyond $700. At least this year.
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 29, 2014, 10:53:54 PM |
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600... you shall not pass 30 min and stamp has eaten it Weekend over so not surprising. Will see if it has some big movement eitherway by Wednesday or Thursday.
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ShroomsKit
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June 29, 2014, 10:55:25 PM |
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Not much happening. No volume.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
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June 29, 2014, 10:55:44 PM |
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That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up". I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average. So the Chinese day tends to begin with a price rise, that may be reversed later. But, again, this is only an impression.
I would presume they were day-trading, in the strictest sense: They stay in fiat overnight, buy to start, and close out by eob.
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CEG5952
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June 29, 2014, 10:58:57 PM |
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That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up". I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average. So the Chinese day tends to begin with a price rise, that may be reversed later. But, again, this is only an impression.
I often get this impression as well when watching Huobi in their morning hours. Often we see a small pump, which fizzles out after a relatively short time, and often we see a reversal.... fakeout.
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ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 29, 2014, 11:00:39 PM |
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edwardspitz
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June 29, 2014, 11:03:45 PM |
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And the Finex is off Since everybody has me on ignore by now, no one will mind me observing that the price on OKCoin and Huobi started to rise several minutes before that big buy at Bitfinex. Thus that buy may be just an arbitrage trade, delayed by the trading fees at Bitfinex and perhaps by residual price mismatch. That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up". I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average. So the Chinese day tends to begin with a price rise, that may be reversed later. But, again, this is only an impression. No, this has been brewing for several hours. The spike at Finex is most likely traders closing their shorts. Wall at Bitstamp changed and I think this is what started it all. If the $480 BTC wall is pulled or eaten price could easily go to $617 (if it gets past $605). There are some long term lines that needs to be broken and $600 is one of them... If it breaks and goes past $610 that will be significant in my opinion. We will see what happens.
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CEG5952
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June 29, 2014, 11:28:49 PM |
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The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.
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