Quote from: rpietila on November 21, 2013, 06:27:16 AM

Quote from: BitPirate on November 21, 2013, 06:16:09 AM

Quote from: rpietila on November 21, 2013, 06:14:00 AM

Quote from: Joenaes on November 21, 2013, 06:11:17 AM

Ye woke up and couldnt resist. This consolidation is taking too long and with all the massive bids, its looking too bullish.
If this is a bull trap, well played bears. Ill take my loss and go back in.

CHOO CHOO MF

Did you check the bids before or after I took 25% off of BTC China orderbook? (Yes, feels like a boss Cool

)

"Look at the Chinese buying so many BTC".

Ahem.

China is now about 65% higher than a week ago. If the ones there that actually have bitcoins, decide to take profits, it can and should fall to <3000. Some of the buying in the west in the last 24 hours has gone to keep the lid on China price and there are still arbitrage opportunities left.

It is important that China goes down in daily chart.

Agree. The writing's on the wall. Also the perspective from China now is the price is high and this is risky, but easy (albeit small) profits still exist to arbitrage with bitstamp. That's why so many buy orders are appearing there. I know lots of people (including myself) still waiting for wires to clear.

The trend will still follow gox, but prices will converge.