Bitcoin Thread

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Yea that address is not a valid one - I was curious and checked.
 
So what everyone is predicting, it seems, is a drop down to 7600-8000 to join the 21 weekly moving average and then the major move up to new all time highs. This worries me when everyone seems to have the same conclusion because the majority in any market tend to lose, so my gut tells me the smart money is to get out, like now ? Could the OG's confirm of deny my sentiment ?
 
John Tempus said:
Very weird. Ive never had bitmex miss withdrawal cutoff just before 3pm UTC+2.

Did you leave something out ? Bitcoin wallet cannot start without a number, it needs to have 1 or higher as first char.
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I don't know. Just to be clear this is testnet XBT and not BTC. Still it's concerning when a transaction hangs and then someday they just find and execute it.
 
Swa said:
I don't know. Just to be clear this is testnet XBT and not BTC. Still it's concerning when a transaction hangs and then someday they just find and execute it.
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Oh I wouldn't be concerned about testnet transactions. Since Bitmex handles all withdrawals manually I am pretty sure they give little to no attention to testnet withdrawals. It would have been concerning if they delayed a real withdrawal like that and somehow stated it was send to an invalid address.
 
Countcrypto said:
So what everyone is predicting, it seems, is a drop down to 7600-8000 to join the 21 weekly moving average and then the major move up to new all time highs. This worries me when everyone seems to have the same conclusion because the majority in any market tend to lose, so my gut tells me the smart money is to get out, like now ? Could the OG's confirm of deny my sentiment ?
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Guess not, seems to be going up slowly, which is strange.
 
4cer said:
Guess not, seems to be going up slowly, which is strange.
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It doesn't have the break down to meet the 21 week moving average, but the bounce will be much more energetic if it does. It could stay range bound but I don't see any significant money coming in until that bounce or level is confirmed. The whole previous bull market it was that moving average that when reached the smart money was buying the dip, so seems likely a lot are going to try emulate that strategy.
 
Usually trade when Luno markup is smaller than usual but it's been staying quite low recently. Think after that huge BTC dump on luno last week.
 
My chart needs a bit of a cleanup. Don't normally use moving averages but decided to have a look. The 200MA on the 1hr chart seems to be important recently. Expecting a bounce from around $9750 as that's the bottom of the channel as well as a convergence of moving averages. Target around $10400.

yRECG4KV
 
My 2 cents is that we are headed down. Like really down. All the way down to 4k range. All one can do is just play the small ups and downs as they happen and not really bother with the how far down we will go or even how high. Make the most of the daily moves be they up or down. Curious though to see how high we go before we start heading down.
 
L10Yn said:
Usually trade when Luno markup is smaller than usual but it's been staying quite low recently. Think after that huge BTC dump on luno last week.
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Luno is quite slow to respond to currency fluctuations. Seems people have gotten wise to the fact that one day we're at R14 and the next at R14.50 and are trading around some weekly average or something.
 
Already pumped without retrace. Think it will be tough to go up a lot more from here ($11k+). If it does then the bearish trend is over. There hasn't been a lot of volume too. I 1x shorted half my balance on Bitmex to lock in gains from the price increase. Also opened up a short at 25x here.

qfab4ZTk
 
Just checking the charts on Bitfinex, EDO looks like it has bottomed and is potentially a good buy - if you are patient. Just set a tight stop-loss, and sell target around .99 to almost double your money.
 

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Swa said:
Luno is quite slow to respond to currency fluctuations. Seems people have gotten wise to the fact that one day we're at R14 and the next at R14.50 and are trading around some weekly average or something.
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Yeah I also noticed that. It's like some people just base it off what they know the rand price to be recently for a given dollar amount, not paying attention to the change in rand/dollar since then. Still, this premium has been lower than usual for a week now.
 
L10Yn said:
Yeah I also noticed that. It's like some people just base it off what they know the rand price to be recently for a given dollar amount, not paying attention to the change in rand/dollar since then. Still, this premium has been lower than usual for a week now.
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Not sure what you guys are looking at but Luno traded higher than international USD market before , during and now after the pump. I guess you guys expect 5-10%+ difference all the time but at the lowest it was still 2.5% higher price on luno converted to USD than international market. Right now Luno is still just under 5% higher than international market.
 
John Tempus said:
Not sure what you guys are looking at but Luno traded higher than international USD market before , during and now after the pump. I guess you guys expect 5-10%+ difference all the time but at the lowest it was still 2.5% higher price on luno converted to USD than international market. Right now Luno is still just under 5% higher than international market.
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Yeah just commenting that the premium is lower than its been over the last couple months, picked up slightly since my original post
 
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