Nearing Bottom

[oldman]

should be a medium term bottom here.

I agree, its likely. I just bought some BTS for the first time since bter went down.

But I think it will be a long slow sideways period before we go up much again.

I hope so, i want to accumulate some more.

Just buy some each week. Don't worry about entry price, drive yourself crazy.

Figure out how much you can invest, divide it by a year or two and DCA away.

[jsidhu]

should be a medium term bottom here.

I agree, its likely. I just bought some BTS for the first time since bter went down.

But I think it will be a long slow sideways period before we go up much again.

I hope so, i want to accumulate some more.

[Ander]

should be a medium term bottom here.

I agree, its likely. I just bought some BTS for the first time since bter went down.

But I think it will be a long slow sideways period before we go up much again.

[jsidhu]

should be a medium term bottom here.

[Ander]

Error: .0404 CNY, BTS support not found.   :P

[nomoreheroes7]

Curious to see if our all-time-low of 0.045 CNY holds...ugh.

Quite a bit of panic going on it seems.

EDIT:

Darn, broke the all-time-low with a massive sell of...29 BTS at 0.044.

lol

[cube]

Yeah someone put up several million in sells.

We just aren't going to go up as long as these whales are bearish.

Look at the bright side, they are selling and not dumping.

[jsidhu]

Its prob the same group that just keeps scalping the spread over amd over until ppl sell and then down it goes... this isthe last stand on the chart so there shouldnbe some strong buy support here

[Ander]

Yeah someone put up several million in sells.

We just aren't going to go up as long as these whales are bearish.

[inarizushi]

Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)

Well now buying 3 million shares would only take us up to 0.053. Not sure where all that sell pressure suddenly came from. Maybe the same guy with millions in buy orders around 0.048-0.049? Superwhale? lol

Right now, it's impossible to short, because only the shorts with the highest interest rates in the whole list, regardless of the price limit, can be matched.. what an incredible bad timing for a bug :(

[nomoreheroes7]

Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)

Well now buying 3 million shares would only take us up to 0.053. Not sure where all that sell pressure suddenly came from. Maybe the same guy with millions in buy orders around 0.048-0.049? Superwhale? lol

[Ander]

Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)

[svk]

It held so far, even with BTC down 10% today.  Some buying coming in now on btc38 and bter. 

First good sign in a long time.  It needs to keep holding.

As always, me buying BTC is an excellent indicator of an impending 10% drop, it never fails!

[Ander]

It held so far, even with BTC down 10% today.  Some buying coming in now on btc38 and bter. 

First good sign in a long time.  It needs to keep holding.

[Ander]

It looks like a lower volume retest of the .047 low.  If this support holds we go up again.