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YipYip
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June 30, 2014, 06:18:24 AM |
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Definitely going to 650 ..the bot is waiting til teh RSI gets back under 70 to finish his work Gotta love our electronic overlords ...lolz RISE OF THE MACHINES ...& bitcoin  |
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keithers
Legendary
 Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 30, 2014, 06:19:04 AM |
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Didnt expect to see this price rally right now. Nice surprise  |
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JorgeStolfi
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June 30, 2014, 06:26:50 AM |
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On Bitstamp, BTC-e, and Bitfinex, there was a surge in volume (peaking at 300-700 BTC/min) while the price was shooting up, but when the rally stalled then volume dropped again to the very low levels it had before (10-30 BTC/min).
On Huobi and OKCoin, volume surged to about the same levels (~600 BTC/min) during the rally, but then it remained high (~120 BTC/min) while the price wandered between ~3800 and ~3820.
Need I say that I see that as evidence that the rally happened in China, and the trades in the West were mainly arbitrage?
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5817
You're never too old to think young.
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June 30, 2014, 06:27:23 AM |
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I think auction result will be surprise (+700$)
$700 a surprise? $550 would be a surprise. |
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JorgeStolfi
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June 30, 2014, 06:34:29 AM |
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Perhaps some Chinese investor tweeted to his Chinese followers that he grabbed some lots at the USMS auction for 620 USD/BTC.
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Yololintian
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June 30, 2014, 06:42:30 AM |
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On Bitstamp, BTC-e, and Bitfinex, there was a surge in volume (peaking at 300-700 BTC/min) while the price was shooting up, but when the rally stalled then volume dropped again to the very low levels it had before (10-30 BTC/min).
On Huobi and OKCoin, volume surged to about the same levels (~600 BTC/min) during the rally, but then it remained high (~120 BTC/min) while the price wandered between ~3800 and ~3820.
Need I say that I see that as evidence that the rally happened in China, and the trades in the West were mainly arbitrage?
Why are you so obsessed with the Chinese having to lead the exchanges? Its clear that stamp/finex led this based on how much they moved up (15-20 $) while huobi went up around $10. The volume can easily be explained by the fact that the chinese exchanges have no trading fees. As an example some Chinese traders may be selling during the rally to buy back a few minutes later at a little lower price, which isn't as easy if there are trading fees that will cut into profit. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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June 30, 2014, 06:44:22 AM |
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BTCfan1
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June 30, 2014, 06:44:34 AM |
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650 btc order filled on stamp!
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ShroomsKit
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June 30, 2014, 06:45:46 AM |
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On Bitstamp, BTC-e, and Bitfinex, there was a surge in volume (peaking at 300-700 BTC/min) while the price was shooting up, but when the rally stalled then volume dropped again to the very low levels it had before (10-30 BTC/min).
On Huobi and OKCoin, volume surged to about the same levels (~600 BTC/min) during the rally, but then it remained high (~120 BTC/min) while the price wandered between ~3800 and ~3820.
Need I say that I see that as evidence that the rally happened in China, and the trades in the West were mainly arbitrage?
Why are you so obsessed with the Chinese having to lead the exchanges? Its clear that stamp/finex led this based on how much they moved up (15-20 $) while huobi went up around $10. The volume can easily be explained by the fact that the chinese exchanges have no trading fees. As an example some Chinese traders may be selling during the rally to buy back a few minutes later at a little lower price, which isn't as easy if there are trading fees that will cut into profit. He is obsessed with himself. He picks a subject on a busy forum that will get lots of attention to him. It's all about him. He has no interest in Bitcoin. He uses it to get attention. It would be great if you stopped quoting that idiot. |
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molecular
Donator
Legendary
Offline
Activity: 2800
Merit: 1023
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June 30, 2014, 06:45:53 AM |
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WHAT THE FUCK!?!
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yrtrnc
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June 30, 2014, 06:46:32 AM |
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Everybody dumping FIAT! This is gonna be a good week!!
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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June 30, 2014, 06:46:59 AM |
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WHAT THE FUCK!?!
Yeeeess... CCMF!  |
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molecular
Donator
Legendary
Offline
Activity: 2800
Merit: 1023
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June 30, 2014, 06:47:39 AM |
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WHAT THE FUCK!?!
Yeeeess... CCMF! hop on, guys ;-) waiting for some cool pix... |
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BTCfan1
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June 30, 2014, 06:48:45 AM |
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625 wall destroyed on stamp
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Raystonn
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June 30, 2014, 06:50:30 AM |
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Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction. This would correspond to a lack of buying, as some here have seen in their analysis for the past few weeks.
4) Someone wins the auction, but most bidders do not get all of their bids filled. The losers find out some time between end of auction 6/27 6PM EST and 6/30 5PM EST.
5) Losers begin slowly accumulating Bitcoin on exchanges again until reaching their planned level of exposure.
We are between #3 and #4. The next step will be bullish.
Yep, bullish. Back up the truck... |
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Searing
Copper Member
Legendary
Offline
Activity: 2926
Merit: 1542
Clueless!
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June 30, 2014, 06:52:12 AM |
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WHAT THE FUCK!?!
the ways of bitcoin are mysterious to me.....(thus not a whale) very interesting Searing |
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BTCfan1
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June 30, 2014, 06:52:15 AM |
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it seems likely that some insiders found out the auction results early
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Davyd05
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June 30, 2014, 06:52:50 AM |
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Wonder what happens upon USMS winner notification..since some losers might have to buy in via exchanges |
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Poll
