Quote from: maz on November 26, 2013, 03:58:06 PM

Quote from: Rampion on November 26, 2013, 03:49:10 PM

Quote from: rpietila on November 26, 2013, 03:31:55 PM

Quote from: DougTanner on November 26, 2013, 02:54:20 PM

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"

We all know you are praying for cheaper coins, Risto - just try to keep it serious, right?

So your only serious if your blindly emotionally peeing your pants to the moon bullish, but if you compare some market trends and hint at being bearish your not?

-5 credibility for you.

What its not serious is to say that there is a lack of bids $700+ when he is an old timer and perfectly knows that having +30% of the total bids concentrated in the spread between $850 and $700 (which is LESS than a 20% spread) is extremely bullish and quite uncommon in the BTC market.

If you look at the depth we had months ago, usually 50% of the bids were 50% below the price - now only 25% are below 50% of the current price, and 75% are above.

This is one of the most bullish market depth scenarios we have seen in BTC, ever.