Yeah. My long term trend line is admittedly dismissive of emotional or short squeezing price spikes in order to suit the 'knocking on the door' trend that we are now in. I wouldn't recommend that anyone pile in just as soon as $580 is breached by some bot's playing pass the parcel on a few Bitcoin. But if $580 is breached and then confirmed as support, then I will start entering the market long. I know the significance of $580 as a support if a break out of the long term down trend occurs. I sat and watched how the 10K noob placed his sell order in Bid Wall during China Prime Time. Gox was then driven down, the dumb bot traders on the other USD exchanges then followed suit, driving Stamp, BTC-E, etc also down. Then Gox was ramped right up from $112 to $240. The bot trading on Stamp was thus tricked into pissing $3.5 million USD of liquidity into the whales 10K wall. After it stopped working (just before China bedtime), the 10K whale then casually dropped his remaining 4.5K coins into the Bid Wall on Stamp, driving prices down to $514 before instant bounce back, right up until $580, where the price would not cross and has relied upon bounce momentum to cross above this point since then, but once again seems to be holding as a stubborn resistance.
Im Gegensatz zu Dir, fühle ich gar Keine Angst vor weiteren Niedergänge Bitcoins, die niedriger als $400 absenken werden und beim Bitcoinhandeln, verlasse ich mich auf mein Bauchgefühl sehr. Bis jetzt, hat es mir sehr gut verdient!
Stamp is now 100% connected to huobi and doesn't act independently at the moment.
So when huobi makes a move exactly the same is done on stamp.
And since huobi has smaller candle steps to move upwards it looks like stamp is slow.
(hope my observations are right)
Yup. And all the big moves are kicked off on Huobi. Probably a fake volume means of manipulating western markets. But I still 'feel' that the shit is over for now give or take the odd support confirmation and that a rise up to perhaps $765 range is on the horizon.