Bitcoin Thread

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*SynergyX* said:
nah just playing around with a bitmex test account --- interface is way to complicated.

want to get the 100X leverage short at 10k:D wouldnt that be sweet

had orders on bitfinex at 10050 and 10100 -- was hopping it would wick and drop. but allas 9990 is all we got!
Click to expand...

I also expected it to exceed $10k for a little while. Imagine all the FOMO with headlines everywhere saying BTC now $10k. Thought that would be the whales game. Push it over $10k to get people to FOMO for a few days whilst they slowly offload their BTC. Then dump it after they're done. That would be my plan if I was part of a group of whales with the ability to manipulate the price.

Edit. Gone back up to test the shoulder. Bulls vs bears.

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Seems like bulls still have strength but check this price action compared to that a couple days ago. Looks very similar. The last move up was a bull trap.

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SaiyanZ said:
Seems like bulls still have strength but check this price action compared to that a couple days ago. Looks very similar. The last move up was a bull trap.
Click to expand...
Hmmmm...I'm waiting for at least a close above that red 200 MA (hourly) line.
For now I still think lower to next support.

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SaiyanZ said:
Seems like bulls still have strength but check this price action compared to that a couple days ago. Looks very similar. The last move up was a bull trap.

zIEHCs3m
Click to expand...


Still looking very similar:

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Almost spooky now. If it keeps going we'll be at $9100 by the morning.

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Fark!!! Why why why lol

Got stopped out on the dip to 9280 just after 12am only for it to bounce back over 9.4
 
Pattern failed just after I went to bed. Though now the movements look almost exactly like the last move:

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Edit: I still think we will fall but it might still go up $100 or so in the form of a wedge.

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Edit: I just noticed that Luno price went up to R126k early this morning. How did that even happen? Luno exchange seems to be getting back to it's volatile days and I think people are expecting $10k which means about R130k. The slightest upturn in USD price and people go crazy buying.

The USD price ranged mostly between $9250 and $9400 in the last day but Luno price ranged between R120700 and R126000. So the USD price change translates into roughly a R2000 price swing (max R3000 if volatile). But the price swung over R5000. The Rand has been relatively stable in the last day so it's not that.
 
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must hold 9050-9100 to survive further drop. although im liking this 9200 zone... survived a dump twice now. will its survive a 3rd though.

/will buy 8800-8900 for a bit if we get there
 
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*SynergyX* said:
must hold 9050-9100 to survive further drop. although im liking this 9200 zone... survived a dump twice now. will its survive a 3rd though.

/will buy 8800-8900 for a bit if we get there
Click to expand...

This is my guess for the rest of the day.

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Edit. Just dumped out of the channel while I posted. Bears are on fire.

It found support on the previous low trendline. If that that breaks it's time to run.

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