Bitcoin Thread

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I wont mind a drop got my trailing stop losses in place swing back down on a short would make it even better swinging back with a long in % points.

That said there is too much legs in this rally I am going out on a huge leap of faith and predict something as razy as possible 5k target within next 7-10 days unless we suddenly see a halt to this rally.
 
I had a short waiting at $3895 which got filled. Price ended up going about $50 higher than expeced. Averaged in my earlier short at $3750 so I'm back in profit now with this trade. Seems like it should drop to around $3700 and even $3600 (based on the fractal) before a bounce but there is now some support at $3750 because of the small triangle and $3754 fib. So will play it safe as always and close around $3760 before looking to short again.

Shorting in this region just feels safer because the pullbacks are hard and fast whereas it takes a while to push upwards whilst the big picture is still bearish. Takes the stairs up and the elevator down.

Edit: $3761 just hit. Profits made.

GGzibIOY
 
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These moves are still looking very similar. My baseline for the current move (pink line) could also be a little higher (blue line) so we might already have had the bounce from there and are busy completing the head and shoulder. Either way I'm shorting here. Ultimately it says we fall back to about $3400 but there may be another move or two up to $3800 but not too far above.

h7Ta1u0R
 
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Yeah huge dildo. The 2nd peak sort of lines up with the start of the dumps in the blue bubbles. However it overshot a little because of squeezes and above $4k FOMO. So the fractal could still be in play if we see a dump today back towards $3700 and make a larger head and shoulder on it with a lower target of $3200/$3300.

7Xj7BQF9
 
Think it's that overshooting that caught me. Kept saying don't buy as it's going to stop then it goes up again. Still hoping for another turn at $3.2k as I need to buy at R48698 to make back my high.
 
Still going up. I'm just spreading my shorts quite far apart. Opened up shorts at $3819, $3895. Next ones are waiting at $4160 and $4370. All 10x leverage. So if the price goes up I average in the initial price and don't get liquidated. If it goes down I close and profit. The key is to not get greedy and go in too much close to one price because it's then much easier to be liquidated as the liquidation price becomes difficult to move with new orders.
 
Anyone seeing 4400 once we find support on current red block?

Screen Shot 2018-12-20 at 11.31.13 AM.png
 
Volatility is up. Pump and dump all day. A traders dream if you trade safe. Expecting a pullback to at least $3920. Possibly $3820 and then waterfall dumps to start the next slide.


opK7DjjH
 
The Bitmex trollbox is retarded, I wish there were a way to permanently disable it.
 
SaiyanZ said:
I only noticed it now after you mentioned it. Never clicked on it. What happens in there?
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Never opened it before and I don’t intend to but have seen it in images and pics. It’s just people saying it’s going down or up and giving their opinions basically everyone will try to influence you that they are right. And since everyone thinks they are an expert in this space you can imagine the chaos and chit chat that goes on there. Just avoid it. Have it closed and focus on more important things.
 
Reminds of the one on Yobit. Everyone trying to pump their dead schit coin.
 
phly said:
Never opened it before and I don’t intend to but have seen it in images and pics. It’s just people saying it’s going down or up and giving their opinions basically everyone will try to influence you that they are right. And since everyone thinks they are an expert in this space you can imagine the chaos and chit chat that goes on there. Just avoid it. Have it closed and focus on more important things.
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I'm watching it now a bit on the side. Chat is quite hilarious/entertaining.
 
Swa said:
Reminds of the one on Yobit. Everyone trying to pump their dead schit coin.
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Lol is yobit even a serious exchange or just a chatterbox of a place. I recall being forced to go there to get some coin. that was not yet available on other exchanges. Everything about that site feels scammy. Even thier newsletters and announcements. I think they even support made up non existent forks of bitcoins.
 
phly said:
Lol is yobit even a serious exchange or just a chatterbox of a place. I recall being forced to go there to get some coin. that was not yet available on other exchanges. Everything about that site feels scammy. Even thier newsletters and announcements. I think they even support made up non existent forks of bitcoins.
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Yeah I only went there to get some coins that weren't available anywhere else. Quickly moved it out again and did a test transaction first to make sure it was indeed the legit thing and not their own made up coin.
 
I saw someone's chart which has the the volume profiles on the side. Volume at $4040 has been massive in the last day. So should be a heavy resistance if below or strong support if we go up (to say $4200) and come back to it.
 
@Lunomoney you guys should really remove the 20 Eth transfer limit else it has to be manually authorised. This is less than R20k
 
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