Bitcoin Thread

Status
Not open for further replies.
Aah there is the big post-Bitfinex-back-online dump.

Looks like people were pumping the orderbooks on other exchanges while bitfinex were down and then , who knows why , decided to dump the pump after the funding on bitmex were due.

weeeeeeeeee
 
someone market sold on Luno and crashed it way down, some peeps would have got some relatively cheap BTC.
 
Volume on Bitstamp is the highest I've seen for a long time. Things seem like they will play out similarly again. High volume areas became support zones in the past, though it can also become resistance. Think the price will rotate around $12800 for a while until direction is decided. $12800 area seems like a good area to place buy orders if it goes back above $13500. Just need to wait for it to dip there.


rwu1cPUU
 
Can't believe I'm saying this but would love to see a correction + sideways movement for a bit. The rate at which it's currently going up is unhealthy, unsustainable. I'm all for a new ATH in 2019 but the way it's chasing it at the moment just means it'll get to 20k and then probably violently correct to 10k or lower. Then again, this is crypto.
 
Superman-7 said:
Can't believe I'm saying this but would love to see a correction + sideways movement for a bit. The rate at which it's currently going up is unhealthy, unsustainable. I'm all for a new ATH in 2019 but the way it's chasing it at the moment just means it'll get to 20k and then probably violently correct to 10k or lower. Then again, this is crypto.
Click to expand...

Exactly my sentiments. The more violently it goes up the more violent the blow off top will be. We need a slow but stable staircase up with the odd decent 20-30% correction as a buy signal for us to go past 20k if the dreams of 100k bitcoin are to be realized.
 
It's stabilizing around $12800 like I thought. Short term, we should have another smaller move up and then back down today. Expect some volatility soon. $12800 should be sort of a magnet price for the next week or so unless it drops below $10800 or goes above $14000 with volume.

DfmIu02V
 
Superman-7 said:
Can't believe I'm saying this but would love to see a correction + sideways movement for a bit. The rate at which it's currently going up is unhealthy, unsustainable. I'm all for a new ATH in 2019 but the way it's chasing it at the moment just means it'll get to 20k and then probably violently correct to 10k or lower. Then again, this is crypto.
Click to expand...
Yeah these one direction moves are a trader's nightmare.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X