Bitcoin Thread

[SaiyanZ]

This increase in the last week seems almost too consistent. About $500 per day increase like clockwork, up about 30%.

If trying to trade it's easy to sell and get left behind so holders have most likely made the most in the last week. It just feels like there is a drop coming soon to below $9k because with the steady gains each day, everyone will want to just hold and that's when the whales will sell.

 

[L10Yn]

Chinese New Year celebrations are done

 

[Kloofvreter]

This increase in the last week seems almost too consistent. About $500 per day increase like clockwork, up about 30%.

If trying to trade it's easy to sell and get left behind so holders have most likely made the most in the last week. It just feels like there is a drop coming soon to below $9k because with the steady gains each day, everyone will want to just hold and that's when the whales will sell.

Other cryptos (except for VEN it seems) are not increasing in the same way, the way they normally do when BTC increases.

Chinese New Year celebrations are done

This again. Seriously, I think the effects of this is way over hyped.

 

[L10Yn]

This again. Seriously, I think the effects of this is way over hyped.

'twas a joke

 

[L10Yn]

Chinese New Year celebrations are done

Dammit, cursed it again

 

[SaiyanZ]

Dropping nicely now. Luno is very delayed. People don't want to sell in case the price starts going up again.

 

[Sensorei]

If you didn't sell just below R140K earlier I think you'll wish you did. We just bounced off the major down trend line from the all time high. Very tough resistance. We could be on a big correction now.

 

[SaiyanZ]

If you didn't sell just below R140K earlier I think you'll wish you did. We just bounced off the major down trend line from the all time high. Very tough resistance. We could be on a big correction now.

Yeah, this is one of the TA's I've been following:

https://www.tradingview.com/chart/B...-Bitcoin-Preps-To-Tap-The-Pink-Trendline-BTC/

 

[Sensorei]

Yeah, this is one of the TA's I've been following:

https://www.tradingview.com/chart/B...-Bitcoin-Preps-To-Tap-The-Pink-Trendline-BTC/

Yes, he is very good. I follow him as well.

I've drawn the trend line below for those who are more noob than me to TA see what happened. Resistance always follows the trend line.

 

[Kloofvreter]

If you didn't sell just below R140K earlier I think you'll wish you did. We just bounced off the major down trend line from the all time high. Very tough resistance. We could be on a big correction now.

Did you sell?

 

[Sensorei]

Did you sell?

I sold some. See the zoomed in pic below showing the bounce off the trend line. Amazing.

 

[Cicero]

BTC has good momentum, the next 24/36hrs will be interesting.

 

[L10Yn]

Meanwhile Ether just chilling

 

[Kloofvreter]

Meanwhile Ether just chilling

Not only ETH.

 

[acidrain]

Meanwhile Ether just chilling

Not Ether Classic

 

[PAYBACK]

Dumb money walls being broken down on LUNO. Can you hear them falling?

 

[L10Yn]

Not only ETH.

This is a nice article I read a long time back
https://www.coindesk.com/weathering-altcoin-****storm-investing-next-one/

And another that I stumbled upon while looking for the first
https://hackernoon.com/how-crypto-market-behaves-its-a-damn-cycle-bffe47a01831 (The article says 4 min read but I did it in 3 min 59, ***** yeah...or maybe that means I missed the important part)

Could possibly be what we're seeing here. That or we can just explain everything with the Chinese New Year

 

[Dan C]

If you didn't sell just below R140K earlier I think you'll wish you did. We just bounced off the major down trend line from the all time high. Very tough resistance. We could be on a big correction now.

But it's over R140K now ...

 

[SaiyanZ]

But it's over R140K now ...

Bull runs usually end in a flourish. BTC has been going up for a few weeks now without any major hiccup. This is also the 3rd time we have breached $11.6k in the last 12 hours without hitting $11.7k. If it goes down again below $11.4k I think we might be on our way down for a few days.

 

[Dan C]

Bull runs usually end in a flourish. BTC has been going up for a few weeks now without any major hiccup. This is also the 3rd time we have breached $11.6k in the last 12 hours without hitting $11.7k. If it goes down again below $11.4k I think we might be on our way down for a few days.

I agree... but I'm going to HODL for now