Bitcoin Thread

[*SynergyX*]

“FIGHT!”

major one going on at 9.3k -- break either way will be explosive you would think

 

[SaiyanZ]

major one going on at 9.3k -- break either way will be explosive you would think

I'm fully in cash now after seeing the amount of sellers on Luno. Made a tidy sum with that trade. There is potential for the USD price to attempt $9400 but Luno will probably move too slowly or not at all with the big sell wall. So no good trade available there. Will wait and see what the price does.

Edit: That rough flag drawing from 5 hours ago ended up being fairly spot on with the target and timing.

 

[Countcrypto]

I'm fully in cash now after seeing the amount of sellers on Luno. Made a tidy sum with that trade. There is potential for the USD price to attempt $9400 but Luno will probably move too slowly or not at all with the big sell wall. So no good trade available there. Will wait and see what the price does.

Edit: That rough flag drawing from 5 hours ago ended up being fairly spot on with the target and timing.

Big green candle coming up I reckon.

 

[*SynergyX*]

ya'll didnt think we'd pass that 9.4k easily did you...the resistance between 9370 and 9450 is HUGE.

going to take several attempts to thin the order book

 

[SaiyanZ]

Yeah it will be tough. Even if it gets past there I doubt it will break $9700. Will have to see how it plays out though this is what I think will happen for the next two weeks on a high level.

 

[*SynergyX*]

weddgie

 

[biometrics]

These graphs are very entertaining.

 

[*SynergyX*]

These graphs are very entertaining.

well we must entertain ourselves -- YOLO

 

[SaiyanZ]

I think it will bounce around $9240 for another attempt at $9400.

 

[*SynergyX*]

heres the pump... will it break

 

[SaiyanZ]

Called that $9240 bounce last night. This whole zone up to $9500 is going to be a tough one to crack though.

 

[*SynergyX*]

its between a sell wall and a buy wall

 

[SaiyanZ]

Seems like the Rand strengthened vs the Dollar significantly since this morning. Already 1% stronger. Should make the Luno price drop once the bigger players realize this and dump it. Similar thing happened last week Friday.

Edit: Also think there might be a push to test $9500 today. Guessing here though. No trade zone for me.

 

[*SynergyX*]

if this thing doesnt pop up after all this effort im going to be peeved!!!

sell wall is thinning out -- charge!!!

 

[SaiyanZ]

if this thing doesnt pop up after all this effort im going to be peeved!!!

sell wall is thinning out -- charge!!!

Luno got wrecked today because of the Rand movement even though the USD BTC price went up. I still expect more of a drop on Luno.

Edit: Recent movement is starting to look like an ascending wedge. So might not go up from here.

 

[SaiyanZ]

Getting dumped hard now. Looks like the wedge call was the right one. Broke through the $9200 level so this could go a lot deeper.

 

[saor]

Getting dumped hard now. Looks like the wedge call was the right one. Broke through the $9200 level so this could go a lot deeper.

^^^ 'Dumping hard'. Those 5 minute charts always look so bad.

 

[kfc4unme]

It's going down because I just bought.

 

[Knyro]

^^^ 'Dumping hard'. Those 5 minute charts always look so bad.

[/IMG]

Seriously. It's a $200 drop. "Dumping hard" pfft.

Unless you're scalping $200 is nothing.

 

[SaiyanZ]

It's all relative. We only get dumps like this only once or twice a week these days.