Bitcoin Thread

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*SynergyX* said:
View attachment 520863

orders like these are dumping the bartcoin....
Click to expand...
Jokes on them unless they don't really care about gains and are more interested in ruining the prospects of crypto. Hmmm. I wonder which institutions might have such aspirations ? Maybe the same ones empowered to type "fiat" value in form of debt into a computer and magically it exists ? Sure they might have some skin in the game of ensuring the most brazenly corrupt and devoid of merit system of massive enrichment of the elite continues rather than gets replaced.
 
Looks like a triangle has formed. This could break and spike either way within the next 10 hours or so. My guess is upwards considering we just came down $1600 and it seemed like there was lots of accumulation below $8300 yesterday. So correction plus upwards push expected.

jXjBc8zk


Edit: There's the break upwards already.

This whole move reminds me of the previous major dip. We went down in a similar way and made a triangle at the bottom. Just over different timescales.

NdgeAerA



Edit: Zoomed in again. Based on the above the move for the next few days would be something like this up to around $9600.

4kCxnIW3
 
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Finding some resistance on that red line. It should break it soon. If not it will probably just extend the triangle and we have another trip down to $8400.

nSi080sr
 
Spoofy was playing games on bitfinex 5 minutes ago. 1100 plus buy walls at 8580 and below were placed.
 
It's good as long as it stays above the lower trendline. If it starts to ride that line it will most likely break through and dip a couple hundred dollars because stops are going to activate.

5rAVeBh9
 
Unable to achieve escape velocity.
Try again.

ZJAtUve.png
 
Yeah move up is a fail. We going to go down to $8k today. Broke below the main support and could get back above.

89D3LLHW


Approaching the resistance again. I think it's more likely to make a bear flag here which will take it down to the previous low around $8200.

FLLIFxyj


Edit: Still inside the flag. Just neatened it up. Combined with the resistance above I think this has to drop soon.

W3fcf6U7
 
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Soooooooo, has anybody looked into calculating taxes on their ZAR payouts of your BTC profits? I have BTC that I have kept for longer than a year - but these were moved out of and into Luno. So I want to claim CGT on these. Then there is some BTC in Luno that I buy and sell (speculate) with often. So these will probably be taxed at nominal rate (aaarrgghh!!). This whole tax thing is such a nightmare.

My suspicion is that Luno will hand SARS all their records, so the thing is if you paid out to ZAR, SARS will know about it. So no use trying to hide anything...

Think I will just declare all ZAR pay-outs under CGT, deduct the CGT allowance and have a final amount and be done with it. If SARS can calculate it more accurately, they are welcome to do so and let me know what they did so I can confirm their calculations.

So many questions, and SARS provides no answers.....
 
Yoh! What a move. Easy money if you were watching.

F4jLZUj7


Edit: I believe the 200 day moving average is around $8750. So that is key level to penetrate. Got rejected there hard yesterday.
 
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can anybody say...green dildo monday=:D

/game games games...them whale games
 
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saor said:
What a move that was :)

The 200 MA at $8750 is the 4HR 200MA:
7mkAW7Z.png


Daily 200MA is higher still:
86ucOwD.png
Click to expand...

Oh I see. It's the 1200MA on the daily. The one guy on Tradingview uses it a lot. Will have to wait and see how things play out for the next day now. Could be that we back in an upwards channel like so:

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