Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

bears please click here.

this has been a public service announcement

Hot newses are not going to do anything to the price trend. There needs to be volume and capitulation.

ya i'm sure everyone is going to capitulate soon, because price is low and that makes poeple want to capitulate

china banned bitcoin poeple sold for 6 months non stop, big deal, why the should i capitulate?

I didn't say a word about China. This is strictly technical. The end of a trend needs to be marked with an increase in volume.

I have 2K waiting.

Well, you're going to have to wait another few days or a week or so, because the Chinese are short covering there asses off thanks to the lack of margin trading in a couple of days.

Basically, the exchanges are talking about becoming like local bitcoins and they can't buy fast enough the last 3 days.