Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.
Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml
Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml
How is that bullish? HK investors gonna suddenly pour in millions just because it won't be regulated!
I believe this was the trigger for short covering today. Not saying this is bullish but good to be aware of why something may have happened. Anyways one could argue that market was fairly oversold. Will the reversal hold? who knows
edit: also one should probably watch market reaction as english news covers the story and US wakes up. Just saying, is something to be on the watch for.