Bitcoin Thread

[Thor]

Go spam someplace else.

Restore the post, thanks.

 

[morkhans]

That's a bit harsh. That icon pack is useful.

I left the initial post. The one begging for votes went to the bit bucket. Besides this is the bitcoin thread not the altcoin icon pack thread.

 

[morkhans]

Restore the post, thanks.

No.

 

[Voicy]

Velkommen tilbake, Tør

 

[*SynergyX*]

and the daily chart is not pretty -- bearish engulfing candle if it close below 8900

that would spell few more days of red

and that bearish engulfing happened on the daily...

8.4K is a open for retrace now...8.8 is a strong support though. will need a big dump to get past again.

 

[*SynergyX*]

and that bearish engulfing happened on the daily...

8.4K is a open for retrace now...8.8 is a strong support though. will need a big dump to get past again.

nice volume dump right there....

 

[GoneWithTheWindows]

Restore the post, thanks.

Bugger off, go spam your own forum.

 

[SaiyanZ]

Looking a bit bearish now. This triangle more often breaks downwards. It needs to hold $8660 and break out above the triangle.

 

[sucked]

Looking a bit bearish now. This triangle more often breaks downwards. It needs to hold $8660 and break out above the triangle.

I just want to see a whole ocean of red candles jumping off a cliff

 

[*SynergyX*]

decent bounce again.....but dont know if its going to hold up


really choppy -- not counting out a dildo candle soon

decent double bottom as well.... back to over 9k and drop again

 

[*SynergyX*]

Looking a bit bearish now. This triangle more often breaks downwards. It needs to hold $8660 and break out above the triangle.

broke out ...need volume now.

 

[SaiyanZ]

broke out ...need volume now.

It just started pumping.

 

[*SynergyX*]

decent bounce again.....but dont know if its going to hold up


really choppy -- not counting out a dildo candle soon

decent double bottom as well.... back to over 9k and drop again

good enough dildo candle for me

short squeeze... should drop back. max 9200 on this

 

[SaiyanZ]

good enough dildo candle for me

short squeeze... should drop back. max 9200 on this

Don't know about $9200. Looks like one of those pumps that goes a long way. I think maybe $9400 at least.

 

[Countcrypto]

good enough dildo candle for me

short squeeze... should drop back. max 9200 on this

I understand the bearish trend may have become habit forming but the thing has had a double bottom and given that charting is all this trades on (with recent lack of significant news) surely the smart money is with the bulls right now ? If anything that dip below 9 was more reflective of a bear trap ?

Certainly the media is is back to making grandiose predictions for bitcoin much like it did in that November - December 2017 period and there's every reason to believe we're very close to a fomo surge. I'm just saying I wouldn't be shorting btc right now.

 

[*SynergyX*]

had a quick look this morning -- hanging around 9200, was expecting some pullback but
somebody was really propping the price up this morning , 1K buy orders in the book at regular intervals preventing it from dropping again.

high probability of sideways consolidation and green dildo pump candle pattern to repeat up to 10k now.

 

[*SynergyX*]

I understand the bearish trend may have become habit forming but the thing has had a double bottom and given that charting is all this trades on (with recent lack of significant news) surely the smart money is with the bulls right now ? If anything that dip below 9 was more reflective of a bear trap ?

Certainly the media is is back to making grandiose predictions for bitcoin much like it did in that November - December 2017 period and there's every reason to believe we're very close to a fomo surge. I'm just saying I wouldn't be shorting btc right now.

momentum is certainly with the bulls, no doubt.
but if it doesn't retrace and retest - we end up with parabolic run and 80% correction again in few months.
cycle will just continue, not sustainable in the long run if crypto is to succeed.

 

[SaiyanZ]

It seems that those big 1k+ buy orders is what's holding up the price for now. The price slowly drifts downwards without them. FOMO might be slowing down I think. If people were overall still very bullish, such orders would get them to buy more instead of sell.

There was also news yesterday of MtGox guy moving 16k BTC to another wallet. Might get people scared although he can't sell on exchange apparently. Though the buyers he sells to privately could sell on an exchange.

https://www.ccn.com/140-million-in-bitcoin-moved-from-mt-gox-wallet-this-morning/

 

[*SynergyX*]

nice and predictable --- im going to be sad if and when things change

 

[SaiyanZ]

nice and predictable --- im going to be sad if and when things change

Yeah it's been a fairly great couple of days trading. I've been starting to use the charts more to trade. My trades, green is where I bought, red is where I sold. Didn't buy now on this last breakout because I have a busy day and can't watch it. I trade on Luno but use Bitfinex data to get an idea of where we going.