Bitcoin Thread

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Broke through now but I don't like buying in this situation. Already looking overbought so high possibility of dump if it turns. People seem to be only buying especially on Luno so everyone will start selling at the same time. Will catch some for cheaper when it dumps and rebounds.

Edit: Also seems like we hit the top of the channel. So bad place to buy.

pfTo8Tf6
 
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*SynergyX* said:
waiting patiently to short below 9k:twisted:

and will only go long above 9.4

other than that i be playing games!!!
Click to expand...

moment of truth approaching...hehe see that order book

somebody really wants to smash the resistance.
 
Seems like not much more energy left. Volume dropping off. The push up seems to be because of a couple whales (and short squeeze) with not much else behind it. But it was enough to break the resistance so now it's up to everyone else.

So $9600 down. Interesting push up. I'm not going to FOMO now because at some point it will dip after this run with a thin order book so it will be possible to pick some up for much cheaper.
 
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*SynergyX* said:
waiting patiently to short below 9k:twisted:

and will only go long above 9.4

other than that i be playing games!!!
Click to expand...

boom boom pow... i did say long at 9.4 ....yeah i did! great start to may:D


(taking some profit here, if it comes back to test trend line will add again) ---> and quietly praying this wont double top!!
 
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*SynergyX* said:
boom boom pow... i did say long at 9.4 ....yeah i did! great start to may:D


(taking some profit here, if it comes back to test trend line will add again) ---> and quietly praying this wont double top!!
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It hit almost exactly the same point as the previous top. Double top possible. Made a small amount but going to sit it out now. Though the price is probably reacting this way because people fear a double top. Whales will make or break us here.
 
SaiyanZ said:
It hit almost exactly the same point as the previous top. Double top possible. Made a small amount but going to sit it out now. Though the price is probably reacting this way because people fear a double top. Whales will make or break us here.
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Come on you monkey...

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Looks like there's a descending wedge right in the tip of that flag. But look what happened the last time we went up like this. Dropped $1000 in a day.

kLM18lN8
 
Check out previous top vs this top. Very similar price action so far. Peak, then drop, then up again.

Previous:
z9nZbjrs


Current:

5IN5Xnlr
 
Cheap alts, get your cheap alts... on sale for a limited time
 
The run is still going strong. Hard to trade this one now. It's either hold if that is the strategy or stay in cash. No trade zone.

If I were a whale I would take it to $10k and break it to get people to FOMO. Then dump it soon after. More money transferred to whales this way compared to dumping before breaking $10k.

Edit: Seems like a triangle but price has the potential to drop fast after going up. Will watch the show. Can also break out downwards from the triangle and drop fast to $9400 although this is less likely I think.

aFgBuF1O
 
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Triangle still holding for now.

LT64CzOe


Edit: Dump imminent. It's hugging that support.

Rand is dumping just after I buy on Luno. It can't sit still and let us trade.
 
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LOL @ the TA believers... 20 yrs after TA meant a damn thing. The fundamentals are 200 TRN $ of potential money migrating to crypto vs diminishing levels of FUD. You do the math.
 
garp said:
LOL @ the TA believers... 20 yrs after TA meant a damn thing. The fundamentals are 200 TRN $ of potential money migrating to crypto vs diminishing levels of FUD. You do the math.
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You have a point but during the doldrums of BTC 2018 TA charting has been incredibly accurate. But once Fomo comes back in you can forget about it. If we break that 10k for sure crypto is going to be all over the media again. Get you shekels involved before that because I can safely predict....moon.
 
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garp said:
LOL @ the TA believers... 20 yrs after TA meant a damn thing. The fundamentals are 200 TRN $ of potential money migrating to crypto vs diminishing levels of FUD. You do the math.
Click to expand...

There seems to be patterns and money can be made. Enough for me. See yesterday when it broke that support. Dropped then went back up to test it and then dropped again. I bought the dip and made a little. Now it's on a new path up again.

GpoazZqZ
 
Countcrypto said:
You have a point but during the doldrums of BTC 2018 TA charting has been incredibly accurate. But once Fomo comes back in you can forget about it. If we break that 10k for sure crypto is going to be all over the media again. Get you shekels involved before that because I can safely predict....moon.
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You guys forget it went above 10k in March and then still crashed, so I am not sure about moon..
 
4cer said:
You guys forget it went above 10k in March and then still crashed, so I am not sure about moon..
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You have to ask how many people had incentive to dump it then compared to now.

Also the type of investor who fomod it up.t to 20k didn't have a clue about markets or crypto I in general.

The market had to shake out a lot of weak hands and those left in it now are mostly wiser and more sophisticated investors and are taking long positions. I have no doubt it will dump below 20 k again as profits will be taken post fomo and continue this trend until lighning network
offers a use case.
 
saor said:
$10k...a cautious approach.

MpsaUm5.png
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No trade for me yet today. Waiting patiently for a dump. Too risky to buy after the price has gone mostly one way for the last 20 hours. I see some big sell orders on Bitfinex now.

Testing the $9900 again and the support held when it fell back into the triangle. A $1k sell order just got eaten on Bitfinex so probably back up again for another push.

I was a day early on the $9900 break. Went up and back down as I thought it would once it cleared it.

RlWIR7zb
 
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