Rebound to 350-390 expected
Bah.... 395. A bit higher. But I was surprised how fast.......
When earlier at 266 bubble bitcoin copied out US stock indexes - it now copies gold moves.
Topic: Analysis - page 237. (Read 941563 times)
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When earlier at 266 bubble bitcoin copied out US stock indexes - it now copies gold moves.
I know this is not the thread for such non technical analysis, but how about some selling pressure from banksters et al with load of cash? I mean, they must know we are coming for them, so they may want to try to dry out our hope in bitcoin? Not that the price has impacted the hard bitcoiners, only the late comers that indeed invested @500-700$?
This is pure speculation but i think that the previous big crashes from 260 to 35 or 35 to 2$ did not required a lot of money and could definitely be explained by human psychology, bitcoin being relatively new at that time, but now that it went to +1000$, we surely are even more confident about its potential. Hence, big bagholders are somehow trying to refrain the next bubble momentum in order to somehow buy more time or even accumulate huge bitcoin position? Gold is collapsing, stocks too, just not teh dollar, i just find it sort of weird.. Especially knowing the US economy is just a joke, disconnected from any fundamentals, on the verge of implosing and only sustained by professionnal scammers and manipulators with money printers..
If you want success with trading - never try to figure out other participants mind. You will never know. They just act. Like me and you and all. You better try to figure out what happens with your mind. Learn what is going on with you - not others.This is pure speculation but i think that the previous big crashes from 260 to 35 or 35 to 2$ did not required a lot of money and could definitely be explained by human psychology, bitcoin being relatively new at that time, but now that it went to +1000$, we surely are even more confident about its potential. Hence, big bagholders are somehow trying to refrain the next bubble momentum in order to somehow buy more time or even accumulate huge bitcoin position? Gold is collapsing, stocks too, just not teh dollar, i just find it sort of weird.. Especially knowing the US economy is just a joke, disconnected from any fundamentals, on the verge of implosing and only sustained by professionnal scammers and manipulators with money printers..
Wow how could I miss this wonderful thread. Best said ever !
Bulls are spending a lot of ammo now, they may run out too soon.
Bears are doing the same. Finex shorts are rising again, selling pressure is somewhat strong, but they may run out of ammo as well, especially with increasing bids.This consolidation is notorious IMO.
It's much easier to send coins than fiat to the exchanges, as proven by the 30k whale.
How do you see short status on BFX? Bfxdata is stuck on the 5th October...
For BFX I look at its stats page https://www.bitfinex.com/pages/stats which shows the amount of swaps outstanding. It's risen by more than 2k BTC since the wall...
Bulls are spending a lot of ammo now, they may run out too soon.
Bears are doing the same. Finex shorts are rising again, selling pressure is somewhat strong, but they may run out of ammo as well, especially with increasing bids.This consolidation is notorious IMO.
It's much easier to send coins than fiat to the exchanges, as proven by the 30k whale.
How do you see short status on BFX? Bfxdata is stuck on the 5th October...
Bulls are spending a lot of ammo now, they may run out too soon.
Bears are doing the same. Finex shorts are rising again, selling pressure is somewhat strong, but they may run out of ammo as well, especially with increasing bids.This consolidation is notorious IMO.
I don't see impulsive price behavior, so yes I assume it's a dead cat bounce. It may go to hourly 200-400 sma. I assume hourly 200 is pretty safe target to sell.
It's not possible to say now if this is just a dead cat bounce or part of a new uptrend, IMO in about 10 - 15 days
the market will decide on a clear direction. Bulls are spending a lot of ammo now, they may run out too soon.
the market will decide on a clear direction. Bulls are spending a lot of ammo now, they may run out too soon.
Up we go master?
Some action now
Perhaps gearing up for some thursday action
Perhaps gearing up for some thursday action
Correct me if I'm wrong, but I was thinking about this:
[picture downward channel]
[picture downward channel]
Or, alternatively, upwards breakout out of this triangle:
Not really betting on that though, no volume confirmation or anything.
Correct me if I'm wrong, but I was thinking about this:
[picture downward channel]
[picture downward channel]
Or, alternatively, upwards breakout out of this triangle:
Not really betting on that though, no volume confirmation or anything.
Correct me if I'm wrong, but I was thinking about this:
i dont see any formation yet after last drop
Will we break down from this formation?
Probably after retesting the 270 low
Will we break down from this formation?
Probably triangle
What happens after rebound?
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