Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rpietila
on 26/11/2013, 15:31:55 UTC
China isn't moving because the Chinese are asleep.

China is down -5.7% over 3 days.

Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.

We are also more than 2x ahead of the long-term trend, which is a very extended position.

Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+

Volume is low.


Ch00000000000000........

EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"