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legendary
Activity: 4088
Merit: 1452
July 31, 2021, 06:59:56 PM
#28
News is never as powerful as the stats, graph whatever way you have to decipher the order flow is far more reliable but in a good trend the news and price action should match each other mostly.



We do have many daily green bars recently.   I think it will end up close to the 200 day average before a sell off, my take is that price becomes magnetized by that common observable destination so we end up where the crowd objectively maintain in their expectations.   However as always thats a probable scenario never certain but imo we fall upwards, the test will be somewhere around that and then we fall back to the upper range area which is like 39k on this chart for example.   Possibly in future we fall as far as 50 daily moving average which is 35k, it might be we move so slowly or just sideways that the 50 daily average rises towards price and the pullback is less aggressive.
sr. member
Activity: 1484
Merit: 277
July 31, 2021, 04:57:17 PM
#27
^  Yup, nobody seems to want to sell right now.  And it’s holding up good.  But here’s a funny thought, what if it takes another fake news, but on the negative side, to get BTC to sell down..?  Cheesy  Maybe by the same people who made the Amazon news.  Lolol.
If the market goes down now, we will say the resistance it too high and so is the reason we are having a correction  Cheesy. If not someone will come up with a story talking about the reason for the correction and everyone dance to that tune, even if we have seen this situation many times we just wait for any sort of news that goes along the lines whenever the market goes in either direction  Cheesy.

As long as we don't see the market survives at $44k and beyond there's no chance for bull market to exist at any random scenario. The harmony of corrections, leaded people on safer state so that they'll be holding their coins for future benefits. Whatsoever the outcome will be, news and other cryptocurrency related articles matters the most.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
July 31, 2021, 03:22:57 PM
#26
^  Yup, nobody seems to want to sell right now.  And it’s holding up good.  But here’s a funny thought, what if it takes another fake news, but on the negative side, to get BTC to sell down..?  Cheesy  Maybe by the same people who made the Amazon news.  Lolol.
If the market goes down now, we will say the resistance it too high and so is the reason we are having a correction  Cheesy. If not someone will come up with a story talking about the reason for the correction and everyone dance to that tune, even if we have seen this situation many times we just wait for any sort of news that goes along the lines whenever the market goes in either direction  Cheesy.
full member
Activity: 728
Merit: 100
https://i.imgur.com/hgxNNiA.png
July 31, 2021, 09:47:11 AM
#25
Unfortunately banal or not it really worked. I understand that these type of news making the headlines and causing the price to go up is a horrible thing for all of us, however at the very least we are talking about something that is bringing some life into crypto and that is not something we should let go that easily.

I personally like it when the price is not dropping, and this is came in exactly at that time, price was falling like crazy and we ended up with the news and the price started to skyrocket, I am not going to be upset over something that I have zero control over that helped me, I would be maybe upset if it dropped the price even more, but since I can't control it in that case as well I wouldn't really get upset about it neither, not like I caused anything, so why should I care? I am not selling neither so it should not really bother me.

I don't believe in rumors that are not clear and people say it should be seen, maybe people who don't have assets in cryptocurrencies. so it's only natural for him to make a rumor that is not clear, because he has nothing to lose and he's just looking to gain from the other side,
it's good not to be easily influenced by rumors like that, then panic sells together. I was angry to see that.
legendary
Activity: 2086
Merit: 1058
July 31, 2021, 08:06:40 AM
#24
Unfortunately banal or not it really worked. I understand that these type of news making the headlines and causing the price to go up is a horrible thing for all of us, however at the very least we are talking about something that is bringing some life into crypto and that is not something we should let go that easily.

I personally like it when the price is not dropping, and this is came in exactly at that time, price was falling like crazy and we ended up with the news and the price started to skyrocket, I am not going to be upset over something that I have zero control over that helped me, I would be maybe upset if it dropped the price even more, but since I can't control it in that case as well I wouldn't really get upset about it neither, not like I caused anything, so why should I care? I am not selling neither so it should not really bother me.
member
Activity: 588
Merit: 12
https://i.imgur.com/3fXQC4m.png
July 29, 2021, 09:34:00 AM
#23
^  Yup, nobody seems to want to sell right now.  And it’s holding up good.  But here’s a funny thought, what if it takes another fake news, but on the negative side, to get BTC to sell down..?  Cheesy  Maybe by the same people who made the Amazon news.  Lolol.
not all investors look stupid, only those who are beginners look stupid and don't understand so they are stuck with fake news or unclear news.
when positive news spreads people are competing to buy and when negative news comes again competing to sell, it really surprises me.
member
Activity: 868
Merit: 63
July 29, 2021, 09:21:55 AM
#22
^  Yup, nobody seems to want to sell right now.  And it’s holding up good.  But here’s a funny thought, what if it takes another fake news, but on the negative side, to get BTC to sell down..?  Cheesy  Maybe by the same people who made the Amazon news.  Lolol.
Which is a good news and bad news at the same time, good news because now the institutional investors know that they can't easily make money out of the market via manipulation through rumors spread to create a hype and bad news because that means that other institutional investors would be discouraged to get in the market if they want to make a quick profit via manipulation.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
July 29, 2021, 09:17:32 AM
#21
^  Yup, nobody seems to want to sell right now.  And it’s holding up good.  But here’s a funny thought, what if it takes another fake news, but on the negative side, to get BTC to sell down..?  Cheesy  Maybe by the same people who made the Amazon news.  Lolol.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
July 29, 2021, 05:53:00 AM
#20
To be honest, I was expecting something like that news. It was hard to believe Amazon accepting Bitcoin this year. But I was stupid didn't take short even I noticed Bitcoin is trading above $40K. I thought perhaps Bitcoin would break $45K within one or two days.

Seems like you weren't stupid, more like cautious when you certainly needed to.
I've also said I felt like shorting when the news about the denial showed up was like the most normal thing to do but if you would have hoped for a backtrace to below 34 and not closed them immediately it would have cost you. Clearly, at this point, the price is all over the place and it makes like zero sense to go either direction with more than you can write it off as lost from the moment you put up your position.

Prepare for the dump, lucky are those who had sold during the one day pumped.

And the dump is not coming!

I wonder if this fake news wasn't actually the trigger we needed for the price to finally take into account all the good things that happened while we were going down and down and down. It would be indeed a weird outcome but in the end, right now 40k makes far more sense than going below 30k again, even if we count out this amazon stuff.
sr. member
Activity: 1274
Merit: 293
July 29, 2021, 05:08:58 AM
#19
Just right of what I thought, the rumor was not verified at the start and yet the price still pump, now that Amazon had confirmed they have no plans on accepting bitcoin, we might not be able to see bitcoin pump to $40k again, instead, bitcoin might drop below $30,000 as a result of the fake news by whoever that insider is.

Prepare for the dump, lucky are those who had sold during the one day pumped.
Besides being just a rumor, I think Amazon have already cleared out air around the rumor. Even if it's a false information you can still make a lot of money by buying at a low prices although it's a risk if people will bite the rumor and buy bitcoin which ends up with the rise in prices and if it didn't then expect no profit.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
July 28, 2021, 11:54:52 AM
#18
The squeeze is really devastating, with a lot of liquidations.

Nah. Come on. BTC went from 30 to 40k and then dropped to 36k where it seems to be holding steady. That to me is devastating for the bears who've been trying for so long to keep things below 30k and then BTC went and touched 40k again in the past 24 hours. It didn't last but it's a big sign that the buyers aren't giving up any time soon.

That's the result of short term manipulation and for me its really good to see thay happens since its a fear killer and for sure many traders are now confident that we cannot see more deeper figures as bitcoin went to that figures. Although the price didn't go far as we think but this is really a big sign that there are more great things will happen in future.

Yeah I'm not a fan of manipulation but can't deny that's happening everywhere and it's what makes the market so exciting for those who like the short-term volatility. But, again, yesterday had nothing to do with a devastating squeeze and the fact that we're back up today, in fact, looking stronger than yesterday's reactions, proves that:)
hero member
Activity: 2982
Merit: 610
July 27, 2021, 04:38:14 PM
#17
Just right of what I thought, the rumor was not verified at the start and yet the price still pump, now that Amazon had confirmed they have no plans on accepting bitcoin, we might not be able to see bitcoin pump to $40k again, instead, bitcoin might drop below $30,000 as a result of the fake news by whoever that insider is.

Prepare for the dump, lucky are those who had sold during the one day pumped.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
July 27, 2021, 02:42:14 PM
#16
I wasn't even aware that the increase happened until I saw the topics here, whenever price increases a lot there are people who get super excited about it around here and I do not see the point of it, if you are a true bitcoin believer you know that it will be much much higher than this so there is no need to increase. I personally hope that we will do fine, it is not going to be easy but it will happen one day and these increases could be caused by ANY news and I will not care.

Do not care about these news because they are short term stuff, this amazon stuff turned out to be wrong and fake, but even if it were true, there were no need to increase the price and buy more bitcoins just because amazon will accept it. If the reason why you are bitcoin is to spend it on amazon that would make sense but why do it this early anyway? Aside from that, there is no news that can make me do something I am not already doing.
legendary
Activity: 3024
Merit: 2148
July 27, 2021, 02:01:39 PM
#15
While Amazon accepting bitcoin isn't impossible, the rumour about Amazon accepting bitcoin payments was dumb and didn't have any proof besides "insider reports" in the first place. It's just classic retail investors being dumb and believing everything they read on Twitter.

Amazon is actually hiring cryptocurrency-related developers though. So there's somewhat of a silver lining. https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead

It wasn't dump if it was a deliberate market manipulation to pump Bitcoin, which would mean that all the news sites that posted it are complicit. This is an example that shows why governments and regulators are cautious about crypto - some anonymous person in any country in the world could orchestrate a market manipulation and lots of clueless retail investors will pay the price. So maybe this market has to mature and become more resistant to obvious manipulations before crypto investments should be recommended to everyone and their grandma.
hero member
Activity: 2520
Merit: 783
July 27, 2021, 08:24:00 AM
#14
The squeeze is really devastating, with a lot of liquidations.
In the Binance futures market, Bitcoin was able to reach around $48,000 yesterday in just a few seconds. Really huge spread to their spot Bitcoin market.

So, this could be the reason for the pump yesterday and dump a few hours ago.
This could be a lesson for some high-leverage traders.

Nah. Come on. BTC went from 30 to 40k and then dropped to 36k where it seems to be holding steady. That to me is devastating for the bears who've been trying for so long to keep things below 30k and then BTC went and touched 40k again in the past 24 hours. It didn't last but it's a big sign that the buyers aren't giving up any time soon.

That's the result of short term manipulation and for me its really good to see thay happens since its a fear killer and for sure many traders are now confident that we cannot see more deeper figures as bitcoin went to that figures. Although the price didn't go far as we think but this is really a big sign that there are more great things will happen in future.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
July 27, 2021, 07:41:19 AM
#13
The squeeze is really devastating, with a lot of liquidations.
In the Binance futures market, Bitcoin was able to reach around $48,000 yesterday in just a few seconds. Really huge spread to their spot Bitcoin market.

So, this could be the reason for the pump yesterday and dump a few hours ago.
This could be a lesson for some high-leverage traders.

Nah. Come on. BTC went from 30 to 40k and then dropped to 36k where it seems to be holding steady. That to me is devastating for the bears who've been trying for so long to keep things below 30k and then BTC went and touched 40k again in the past 24 hours. It didn't last but it's a big sign that the buyers aren't giving up any time soon.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
July 27, 2021, 03:18:00 AM
#12
To be honest, I was expecting something like that news. It was hard to believe Amazon accepting Bitcoin this year. But I was stupid didn't take short even I noticed Bitcoin is trading above $40K. I thought perhaps Bitcoin would break $45K within one or two days. But in the morning when open a trading account seems Bitcoin dropped a lot. I wondered if the Amazon news becomes false then what would happen? It just happened at the end of the day. Most probably it was a manipulation IMO.
legendary
Activity: 2492
Merit: 1215
July 27, 2021, 02:57:36 AM
#11
While Amazon accepting bitcoin isn't impossible, the rumour about Amazon accepting bitcoin payments was dumb and didn't have any proof besides "insider reports" in the first place. It's just classic retail investors being dumb and believing everything they read on Twitter.

I knew it was a clickbait, because of the word insider. Such corporation as Amazon can not allow such information to leak out. There are billions of profit are on stake, and information of Bitcoin acceptance in 2022 simply leak out. That was just too sweet to be true.

However, that was a great example and a lesson, how easy cryptocurrency market can be manipulated with fake news.
member
Activity: 588
Merit: 12
https://i.imgur.com/3fXQC4m.png
July 27, 2021, 01:09:24 AM
#10
The squeeze is really devastating, with a lot of liquidations.
In the Binance futures market, Bitcoin was able to reach around $48,000 yesterday in just a few seconds. Really huge spread to their spot Bitcoin market.

So, this could be the reason for the pump yesterday and dump a few hours ago.
This could be a lesson for some high-leverage traders.


after yesterday's pump and an hour later bitcoin fell again at $ 37,000, many investors felt losses and mounting anxiety, that's what some people think. I don't think it's like that. yesterday's pump was evidence of the initial rise of bitcoin after some time bitcoin was in the charging stage. maybe in the future bitcoin even higher pumps over yesterday's levels.
legendary
Activity: 2506
Merit: 1394
July 26, 2021, 11:02:39 PM
#9
The squeeze is really devastating, with a lot of liquidations.
In the Binance futures market, Bitcoin was able to reach around $48,000 yesterday in just a few seconds. Really huge spread to their spot Bitcoin market.

So, this could be the reason for the pump yesterday and dump a few hours ago.
This could be a lesson for some high-leverage traders.
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