fewcoins
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October 02, 2014, 06:30:59 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
Only because China just woke up! What will you say about buy walls when the price is lower tomorrow?
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siera
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October 02, 2014, 06:36:17 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
Only because China just woke up! What will you say about buy walls when the price is lower tomorrow? China in near siesta now http://dx.qsl.net/propagation/greyline.html
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Raystonn
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October 02, 2014, 06:38:51 AM |
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And now the wall at 2353 got completely eaten. Still a few more walls. Let's see what happens.
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Wary
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October 02, 2014, 06:59:18 AM |
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btccharts.com doesn't mean btc china the exchange.
When I load it up I see a couple BTCChina charts, one Bitstamp chart, and one BTC-e chart. I don't see Huobi, which is the most relevant exchange in China by far. Click on CNY on the top row and you'll see Huobi
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ChartBuddy
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October 02, 2014, 07:01:14 AM |
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ChartBuddy
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October 02, 2014, 08:01:14 AM |
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fonzie
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October 02, 2014, 08:36:52 AM |
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I came across this interesting oddity on http://btccharts.com/on one of the screens you can click on 'Top Traders' and up pops a window like this -- ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRUts6R0.jpg&t=665&c=YPWjri9CrdJ35A) Clearly this is not data from Stamp (how would they get such data) but must be from btccharts users although I'm still not sure how they would harvest such data. But it is interesting in terms of sentiment: out of the top ten seven are classed as bears. Well we have been in a strong bear trend for weeks/months, so no wonder that those who traded and accepted the trend have done better.
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phoenix1
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October 02, 2014, 08:37:23 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times.
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btcney
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October 02, 2014, 08:42:21 AM |
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bzzard
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October 02, 2014, 08:45:40 AM |
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I came across this interesting oddity on http://btccharts.com/on one of the screens you can click on 'Top Traders' and up pops a window like this -- ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRUts6R0.jpg&t=665&c=YPWjri9CrdJ35A) Clearly this is not data from Stamp (how would they get such data) but must be from btccharts users although I'm still not sure how they would harvest such data. But it is interesting in terms of sentiment: out of the top ten seven are classed as bears. Well we have been in a strong bear trend for weeks/months, so no wonder that those who traded and accepted the trend have done better. This is new thing on btccharts - virtual trading. Those are NOT real positions. This is still uncomplete. Wait two more weeks (but you can play with it now if you wish).
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DutchTrades
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October 02, 2014, 08:52:00 AM |
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The wall on stamp is getting smaller ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Room101
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Rules not Rulers
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October 02, 2014, 08:58:45 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon.
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ChartBuddy
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October 02, 2014, 09:01:15 AM |
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prophetx
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he who has the gold makes the rules
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October 02, 2014, 09:09:00 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is inversely correlated to USD strength, this is possibly bullish for BTC as we may see the USD turn around on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Interesting times. Yes, very. Timing's interesting too, Japanese and European markets are falling and look like they're gaining momentum and the props are shaking on US markets. Any thought's on the change of head at PBOC? some say that that $ may reach parity with the € by year's end.
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seljo
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Hodling since 2011.®
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October 02, 2014, 09:12:15 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is inversely correlated to USD strength, this is possibly bullish for BTC as we may see the USD turn around on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Interesting times. Yes, very. Timing's interesting too, Japanese and European markets are falling and look like they're gaining momentum and the props are shaking on US markets. Any thought's on the change of head at PBOC? some say that that $ may reach parity with the € by year's end. I heard the same thing about 1-1, $-€
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phoenix1
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October 02, 2014, 09:21:45 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon. I did not man to imply an imminent replacement of the dollar, just a shift in the balance. And actually, yes, I do believe that the future lies in the China running trade deficits primarily from the import of food and energy and raw materials rather than consumer goods. As demand for exported Chinese goods from increasing impoverished Western consumers decreases, the balance will shift. Obviously this will not happen overnight.
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prophetx
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October 02, 2014, 09:25:00 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon. yes indeed. however this article from 2013 is interesting, talking about US current accounts possibly being positive at some point in the near future http://www.businessinsider.com/renminbi-soon-to-be-a-reserve-currency-2013-9
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jeezy
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October 02, 2014, 09:29:57 AM |
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Very interesting indeed. Thanks for linking this.
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Room101
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October 02, 2014, 09:39:36 AM |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon. yes indeed. however this article from 2013 is interesting, talking about US current accounts possibly being positive at some point in the near future http://www.businessinsider.com/renminbi-soon-to-be-a-reserve-currency-2013-9Good article thanks
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