Bitcoin Thread

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$7800 wall on Bitfinex is about to fall. It should be clearer where we going after it pops. I think we'll have a strong bounce to above $8k from whales waiting in the shadows to buy.
 
*rolls die* 10k sometime in few days(by end of week) followed by another 8.5k, then 14-15k in a couple of weeks:D
 
Temujin said:
*rolls die* 10k sometime in few days(by end of week) followed by another 8.5k, then 14-15k in a couple of weeks:D
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lol....that bounce is not coming.

we need a capitulation candle with huge volume... thats when its over.

not with this daily down ****e....
 
*SynergyX* said:
lol....that bounce is not coming.

we need a capitulation candle with huge volume... thats when its over.

not with this daily down ****e....
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Judging by extreme buying and selling(ie. ****all happening, luno for example may as well be on holiday with the speed things are going), all the doom and gloom, weak hands are now out, and others just sitting around waiting... bounce will come, then another shake out and back to normal;) Just my opinion


Edit: found something that kinda matches my view current, not sure if this dude is any good, but he sums up my thoughts on where we're heading...

https://www.youtube.com/watch?v=ECXL4xDYD88
 
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*SynergyX* said:
lol....that bounce is not coming.

we need a capitulation candle with huge volume... thats when its over.

not with this daily down ****e....
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Wish we'd just get it over with, capitulation or bounce. Shorting when we're so low already is quite risky, the bounce could come at any time, then again trying to catch the knife and longing is suicide 9/10 times.

FFS it's hard to trade this. :mad: :D
 
Knyro said:
Wish we'd just get it over with, capitulation or bounce. Shorting when we're so low already is quite risky, the bounce could come at any time, then again trying to catch the knife and longing is suicide 9/10 times.

FFS it's hard to trade this. :mad: :D
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What I've noticed is that every time a massive wall is broken through and new low reached on Bitfinex you get a few hundred dollar rebound.

The good news for holders is that the rand might be weakening soon. Zuma is refusing to go quietly and universities open soon and you can be sure there will be more strikes and chaos for free education.
 
DarkMultiverse52 said:
"Healthy correction"
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After the huge run-up, going back to $9k just hasn't felt scary enough; it still feels reasonable and leaves the scales feeling unbalanced. Something about going lower feels right (even tho it sucks)...it needs to generate some fear and panic to balance the exuberance just experienced.
 
saor said:
After the huge run-up, going back to $9k just hasn't felt scary enough; it still feels reasonable and leaves the scales feeling unbalanced. Something about going lower feels right (even tho it sucks)...it needs to generate some fear and panic to balance the exuberance just experienced.
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Well, this is quite amusing ... ;)

saor said:
View attachment 487038
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