Bitcoin Thread

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Near the bottom, middle column....nice little 64 BTC buy.
Not as big as some orders but still...

derp.png
 
Price bashing up against that price for a while now...

btcyo.png
 
Just the last 11 hours alone the price has tried and tried again.
It's giving it yet another go...

kapow.png
 
I think the move up is taking a bit too long now. All these dips recently have allowed many people to close their short positions. Best time for a short squeeze was 2 days ago where more stops and shorts could have been liquidated.

I still think it will go up but if people keep closing their shorts before it does it won't be a $1000 spike.

https://www.tradingview.com/x/PDAhcXw8/
 
SaiyanZ said:
I still think it will go up but if people keep closing their shorts before it does it won't be a $1000 spike.
Click to expand...
If its high enough to slay the dragon and free the villagers, that'd be a good start. Price really needs to break out of this sideways region now. Alts also been doing really well today but hoping it's not one giant bull-flag breathing fire down on our weary warrior. No more potions left.
 
saor said:
If its high enough to slay the dragon and free the villagers, that'd be a good start. Price really needs to break out of this sideways region now. Alts also been doing really well today but hoping it's not one giant bull-flag breathing fire down on our weary warrior. No more potions left.
Click to expand...

These dips show that people are still afraid of a big drop. Watching the price action for the last few days a small $50 drop quickly morphs into a bigger $100 to $200 drop. People seem to panic easily and don't want to hold.

Could also be that there are too many traders/bots trading small ranges and taking small margins. They need to get burnt by the price dumping or pumping big.
 
The dragaon remains undefeated.
Try again BTC.

try again btc.png
 
Taking it's time but still going according to a textbook move.

https://www.tradermentality.com/2016/02/descending-broadening-wedge.html

eg. from there:

USOIL.png



Bitcoin:

rQWTQanb
 
SaiyanZ said:
Taking it's time but still going according to a textbook move.
Click to expand...
Yeah, was expecting it to dump a bit harder after hitting the dragon but you're right - seems to be testing that support area. If that can hold it'll be good.
 
The last few days these dumps have been appearing out of nowhere.

dmp.png
 
saor said:
Yeah, was expecting it to dump a bit harder after hitting the dragon but you're right - seems to be testing that support area. If that can hold it'll be good.
Click to expand...

There also seems to be another trendline in play. The pink one. Or maybe I'm just seeing things.

g8Ik4xa5
 
SaiyanZ said:
There also seems to be another trendline in play. The pink one. Or maybe I'm just seeing things.
Click to expand...
Yeah, it's all wonky right now.
If it falls through here I'd be watching to see if it falls even lower than the previous lows. Be nice if this price holds though.

(2HR)
2hr.png
 
If you only traded those 3 major moves in long positions, even without catching the top and bottom perfectly...not bad at all.

(Daily chart)
daily.png
 
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