You guys are still calling the China bank situation FUD even after btc38 and another Chinese exchange stopped deposits? Are you just going to continue to shout 'FUD' as they drop one by one around you, until there is only one left and you're still saying FUD because there's still that one... Is it because you're listening to Bobby Lee's statements? Bobby Lee is a pumper and a liar.
no because there is nothing to verify any plans of a ban. they just issued demands for compliance with the policy set out in dec 5. but now people are expecting a jan 31st deadline on april 15th
So you acknowledge that the PBOC is demanding that the exchanges stop the banking, and that the exchanges are disobeying. How can this possibly be bullish? Your whole case is that that you believe that no enforcement action will ever happen - The PBOC or the chinese government is never going to enforce the demands of PBOC and actually shut down the accounts. Right? That's pretty weak. That was the same story in the last 3 false recoveries. It's like you're just asking for more punishment now. You know that inevitably it's going to happen, and that any recovery or bounce is false because we haven't actually recovered and moved on from Chinese banking influence. I suppose this one last little denial is perfect for a little bounce to fill in the rest of the triangle before it breaks down.
How high will this bounce go TERA? I say no higher than 2800, probably 2750.
Interesting. I don't see this bounce carrying that far. But who knows. I think we get a little more than a 61% retracement on this last drop down and then at least a retest of the lows around $415.
What bounce you talkin about ? It's been hovering around here all day, give or take. Could go up to 480 before saturday but it's a no-brainer, easy money short to the low 400's within the next week. That wall is gonna get bumped, if it's even real.
Houbi has bounced 300 off its low. The bounce before that it went up 400.
Bitstamp an BFX are not bouncing as much - about 10% off their lows.