Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
diabLEEca
on 19/03/2015, 01:02:26 UTC
Quote from: Fatman3001 on March 18, 2015, 11:38:32 PM
Quote from: diabLEEca on March 18, 2015, 11:29:30 PM
Quote from: Fatman3001 on March 18, 2015, 11:20:33 PM
Quote from: diabLEEca on March 18, 2015, 11:16:04 PM
Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/

If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.

1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now.
2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.

You're probably right.
I get the feeling that, despite common knowledge on this thread at least, China mostly follows the rest. So I guess the pandas are going to have a party while I'm sleeping.


Aaand... I guess here we go, the question now is how deep.