In the danger zone on Huobi now I think - crossing the long term trend line. Twice now we have hit this after a little rally then had sudden massive volume dumping from above.
We're getting close to the long term trend line again are we not?
Any thoughts on what is happening then? I know at the moment we cannot judge givent the various holidays, but every time we've got close previously all we have seen is massive dumpage
No breakouts, 99% chance.. simply $430-460, ad nauseam, till Huobi/OKC or one of their banks/providers says "Oops" between now & May 15-20th & at THAT time there'll be a huge dump.
This is imo also the most likely to happen, I still cant believe there are still people who think the PBOC crackdown on the exchanges is nothing but a bunch of BS.
Yes there will surely be more sellers queuing up come the ban, but my observation is we will hit that trendline before that time.. perhaps the dumping will commence ahead of time (just like the last major drop)
We're getting close to the long term trend line again are we not?
Any thoughts on what is happening then? I know at the moment we cannot judge givent the various holidays, but every time we've got close previously all we have seen is massive dumpage
Adam (are you still here ?), if you don't got ideas for a new poll I suggest something like that :
"How many time bitcoin will be banned in China ?" answers may be 4, 5, 6, 7 and so on. You could also formulate it as "How many times China's deadline will be pushed ?" since it's funny how "dead-line" is antinomic in this sentence
Note : I may have lost the count so I'm not sure about the '4' answer !
Last active 11-04-2014, 02:55:18 - time to start worrying?
Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead I want to buy into that wall but I have no fiat left
I've seen this happen a couple of times now, very strange to be using those orders on Kraken
thanks for update, good to know you did not forget about it.
kind of new error occurs during the last hour:
Code:
Origin SSL Handshake Error
using cURL library, even if ssl verify is turned off. It is working ok since the last few minutes. Hope it was temporary issue, maybe something related to cloudflare ssl cert update.
Thanks for the information. Let us know if it comes back.