Bitcoin Thread

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*SynergyX* said:
i am almost 99% certain the repeating pattern pushing up from 6.4k are algo pumps use the liquidate shorts.
volume is way to low on the daily to consider this to be any sort of reversal.

next dump is going to be super hard... may be the final blow down below 5.8k

Edit - also the daily is potentially bear flagging nicely for the above mentioned dump:D
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Yeah I'm looking at us topping of to 7.6 - 7.8 before a final trip to around $4800. If that's the case, I'm going all in. Homeless or Moon for me at that point lol.
 
L10Yn said:
Yeah I'm looking at us topping of to 7.6 - 7.8 before a final trip to around $4800. If that's the case, I'm going all in. Homeless or Moon for me at that point lol.
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Yeah the next major resistance is around $7.8k. I'm surprised that it hasn't gone up closer to that mark already because there isn't much resistance/volume traded in the $7.2k to $7.8k range.

$7.7k or so translates into a Luno price of around R95k. So will not trade until we get closer to that point as there is potential to take off from $7.3k to $7.8k at any moment.
 
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theres also some movement on the mtgox address... 10k btc moved.

/cannot vouch for source on what will happen, but the block-chain explorer doesn't lie, transaction is confirmed and 10k btc has moved from wallet to exchange.
 
*SynergyX* said:
theres also some movement on the mtgox address... 10k btc moved.

/cannot vouch for source on what will happen, but the block-chain explorer doesn't lie, transaction is confirmed and 10k btc has moved from wallet to exchange.
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Where do you see this info? If true there should be another 7pm dump coming.
 
lol the btc charts is a dogs breakfast at the moment...its actually quite amusing.
 
*SynergyX* said:
$73 millon odd... / a lambo in every color available

dont move that kinda bitcoin without a plan lol
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Definitely someone/something big. on the 24/03 the same address did a 7000BTC tx to bittrex.

Edit: Although check earlier transactions to that address: http://bitcoinwhoswho.com/address/1...7MTdUk/urlid/12268011#transaction_history_box

Page 5.. all addresses originating from bittrex so maybe they just moving coins around either internally or out of their cold wallet?
 
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Looks like a descending wedge has formed over the last 24 hours. So my best guess for the next few hours is one/two more trip(s) below $7.3k and then a quick pump to $7.5k.
 
Slootvreter said:
This is sounding bloody hilarious now.
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Yeah.
Tech analysis is the only tool people have to value this thing. Everyone does the same analysis. They form a herd of sheep without a head, and all follow the same analysis which becomes a self-fulfilling prophecy :D
 
Saw a massive sell wall of over 5k BTC on Bitfinex a couple minutes ago at $7120. Removed now. Whales playing games with everyone.

Edit: the sell wall is back. 5k BTC wall now at $7.2k on Bitfinex.
 
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*SynergyX* said:
i am almost 99% certain the repeating pattern pushing up from 6.4k are algo pumps use the liquidate shorts.
volume is way to low on the daily to consider this to be any sort of reversal.

next dump is going to be super hard... may be the final blow down below 5.8k

Edit - also the daily is potentially bear flagging nicely for the above mentioned dump:D
Click to expand...

algo pumps never last ;)
 
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