Bitcoin Thread

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Ugh, it's just hanging there like some discarded banana peel.

banana.png
 
Broke above but with zero follow through. It was just a couple big buys. Not the frantic buying that signals the start of a push. Probably best to just keep watching.

hATAAeXL
 
Bitfinex has 2 hours planned maintenance tomorrow. This is the exchange that has been holding up the price for the last few weeks. If there is going to be a massive dump, this would be the best time for Bitmex and other exchanges to do it.

Bitfinex will be undertaking planned infrastructure maintenance on October 4, 2018 between 06:00 AM UTC and 18:00 PM UTC. The exact timing of the maintenance update will made public 30 minutes prior to the start of the update.

Traders should expect a service interruption of roughly 2 hours while this maintenance is being performed.

https://www.bitfinex.com/posts/286
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When Bitmex went on maintenance recently, Bitfinex pumped the price up instantly by a few hundred dollars. So not too extreme for the opposite to happen now. Bitfinex aren't giving the exact time as yet to avoid market manipulation.
 
SaiyanZ said:
Bitfinex has 2 hours planned maintenance tomorrow. This is the exchange that has been holding up the price for the last few weeks. If there is going to be a massive dump, this would be the best time for Bitmex and other exchanges to do it.




When Bitmex went on maintenance recently, Bitfinex pumped the price up instantly by a few hundred dollars. So not too extreme for the opposite to happen now. Bitfinex aren't giving the exact time as yet to avoid market manipulation.
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Interesting - didnt know there is a planned maintenance - also the theory of the 6th is round the corner. So this week+weekend should turn out to be interesting. I'm still calling a drop to 5k range.
 
phly said:
Interesting - didnt know there is a planned maintenance - also the theory of the 6th is round the corner. So this week+weekend should turn out to be interesting. I'm still calling a drop to 5k range.
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Yeah I'm also waiting for lower prices. Will wait for it to settle lower and start to trend upwards again before getting in too. Since once it gets below $5700 it's going to impossible to say where it will stop.
 
I am no expert but it wouldn't be surprising if Bitfinex pumped BTC first before going into maintenance.
 
They're trying. Today Bitfinex is trading around $40/$50 higher than Bitstamp and Coinbase. They were around $20/$30 higher in the past week.
 
It would be nice if the Rand can sit still for a while. The trash is getting dumped again. No point in trying to trade crypto on a Rand based exchange like Luno when the Rand is more volatile than crypto. Graphs and TA mean nothing.
 
Moon is still loading... But we need bulls to show up and then ride them there. And right now is bears have over run the city... Alts are indoors with most getting smoked out and taken out.
 
Seems to have targeted a few resistances at once and failed. Both diagonals and the $6666 fib resistances all cross over today. Possible breakout zone but also heavy resistance. If it can break this then it's a sign for more up.

557ijRFS



Zoomed in:

slEmcvQB


Luno is only doing ok at R99k because the rand got dumped this week. Otherwise we'd be closer to R96k. Can't really trade based on what the rand is doing though. It might be R14 next week or R15 vs the dollar. Changes too fast.
 
Got out at 99,499. That seems to be as far as it's going to go for now.
 
Bitfinex downtime just started. So far just a minor drop on the other exchanges. Started at 10:30. So expect to be up again at 12:30.
 
SaiyanZ said:
Yeah. Always connected and at my laptop though. Multiple screens to track whats going on with BTC. It doesn't take much time to post.
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Ok cool. I was wondering if bitcoin was your day time job :)
 
The dead USD BTC market for the last couple weeks and the large movements with the Rand vs Dollar recently has put me off trading now. Feels like a complete gamble and a waste of time watching. Think I'm going to take a break from this until the USD BTC market livens up again.

No point trying to analyse charts when the Rand is moving 5% in a few days and the USD BTC price is stagnant. If I wanted to do Forex trading I would focus on that but there's too much fundamentals involved in Forex and not so much TA. Right now trading on Luno is more Forex USD vs ZAR trading than BTC trading.
 
Come on, one little push up to resistance.
Then a load more fuel to punch through.

push.png
 
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