Bitcoin Thread

Status
Not open for further replies.
Broke below $7700 which a key fib level for the uptrend. It also didn't spend much time consolidating on the way up from $6k except for some chop around $7k and $7200/$7300. So apart from that area, this can fall straight through everything pretty fast (just like that wick from $7700 to $6200 a few weeks ago. I think the target for now is $6800 before any major bounce.

0BJKfCxn
 
SaiyanZ said:
Broke below $7700 which a key fib level for the uptrend. It also didn't spend much time consolidating on the way up from $6k except for some chop around $7k and $7200/$7300. So apart from that area, this can fall straight through everything pretty fast (just like that wick from $7700 to $6200 a few weeks ago. I think the target for now is $6800 before any major bounce.

0BJKfCxn
Click to expand...
That's $1K less than the present price. Moerse drop ?
 
Tried to register on Valr but keep getting connection lost. :rolleyes:
 
backstreetboy said:
Working fine here. Just registered.

EDIT: Verification is still too long and cumbersome. Definitely not as fast as Tyme Bank.
Click to expand...

I skipped it due to verification. Signed up but when i say the rest of the process I lost motivation to go ahead
 
HunterNW said:
That's $1K less than the present price. Moerse drop ?
Click to expand...

Yeah it's still looks pretty bearish even with the $400 bounce last night. So I would say $6800 by Sunday. Only thing that will change the outlook is going back above $8200 and staying there for at least a day.

The corrections are always quite large. Even during the 2 year bull run, every correction was around 30% of the price or more. So that's around $6k target which is the most recent support area. I'll buy just above $6800 for now though.

ELFzJm2X
 
backstreetboy said:
Working fine here. Just registered.

EDIT: Verification is still too long and cumbersome. Definitely not as fast as Tyme Bank.
Click to expand...
Yeah I tried it again so I got the idea and converted to jpg which is weird since it can show pdf but can't upload it but doesn't show what extensions are allowed. Then it wants me to verify by uploading a selfie and talking which isn't even possible on the pc. Sorry but not even Tyme was this cumbersome. They can ef off with this crap.
 
Swa said:
Yeah I tried it again so I got the idea and converted to jpg which is weird since it can show pdf but can't upload it but doesn't show what extensions are allowed. Then it wants me to verify by uploading a selfie and talking which isn't even possible on the pc. Sorry but not even Tyme was this cumbersome. They can ef off with this crap.
Click to expand...

uploading a selfie and talking?? they want a video?
 
phly said:
uploading a selfie and talking?? they want a video?
Click to expand...
I'm surprised they didn't ask for a sperm sample, or maybe that was still to come. Seriously no way I'll ever recommend something like this.
 
Swa said:
Yeah I tried it again so I got the idea and converted to jpg which is weird since it can show pdf but can't upload it but doesn't show what extensions are allowed. Then it wants me to verify by uploading a selfie and talking which isn't even possible on the pc. Sorry but not even Tyme was this cumbersome. They can ef off with this crap.
Click to expand...
You can continue that on the phone which was a seamless experience for me.
 
backstreetboy said:
Bog standard KYC stuff.
Click to expand...
Bog standard is a simple photo of your ID. Then most exchanges actually let you trade and withdraw some without KYC. Binance allows 2 BTC per day. That's 60 per month without any KYC.
 
L10Yn said:
lol so I bought another voucher at 1sat/byte which is basically nothing (like 30c) and got my voucher instantly. Transactions are both still unconfirmed, will check tomorrow to see the status of them
Click to expand...

So this transaction has been processed through the blockchain now for anyone interested, not sure what time exactly
 
Valr seems to give you discounted fees if you sign up with a referral code. Anyone want to share theirs?
 
It bounced off the blue resistance line a few times today. Should still dump. There's a lot of fomo still around because of the big move up last month so we get these bounces here and there. These downtrends usually last at least a couple weeks so there's still a lot of time for it to move.

OvP0CBBA
 
Whilst it's still bearish because it's trading below the last major breakout point at $8000, there is a triangle that has formed below the resistance. So this can also now spike up to around $8200 to wipe out some high leveraged shorts before dumping.

BPZAKTra
 
Anyone wanting to make easy scalping money on bitmex in the last 2 days should look at the orderbook for the following signs.

I have set up my own orderbook monitoring script to tell me when there is either a $10million+ wall on the buy or sell side.

Every single time it has been a fake wall and pressure builds up then it gets ripped and the price drops $20 or so instantly.

What I did so far is run a high leverage 70x and whenever this shows up on buy side I would short 0.5BTC worth @ 70x with a exit at $20 lower and if it shows up on the sell side I would long 0.5BTC worth @ 70x.

probably done about 90 cycles of these in the last 2 days to no fail. This convinced me that the entire orderbook and direction of trades on Bitmex is right now after the dump controlled by just a tiny group moving the price around to build up liquidity of some kind. Still its amusing how obvious this is and how reliably it is working.

ps. when they put up a $30million+ buy or sell wall I move my scalp exit $30-$40 from the entry.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X