Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
voidmain
on 31/01/2014, 16:58:29 UTC
BTC China chart looks very stable.
http://i.imgur.com/FDW0Ryi.png

The heavy volume looks interesting here. Zooming in to 1 minute chart.
http://i.imgur.com/C1f0ziN.png

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.