Analysis - page 24. | Bitcointalksearch.org

ene1980

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Quote from: greensheep on May 13, 2019, 07:21:40 AM

It's hard to believe that BTC will hit 10K after a bottom of 3.1K, without some kind of correction along the way.
This would be more than 300% rise...?

The way in which the market is breaking every resistance just blows my mind, if you look at the stock market a few days back the market was crashing because of the economic trade war going on with Iran and China and i am not sure whether it has any significance in the price of bitcoin moving higher, either way it is a good time for all the bitcoin investors, we might see a small correction in the mean time but never expect a big dip like we saw in the stock market at this stag, either way it was an unexpected rise to these levels in a short period of time and hopefully will stay like this till the halving next year.

Millionero

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Quote from: Hope_Trader on May 14, 2019, 05:40:40 AM

Bitcoin price consistently seems to be driven by idiotic traders more than anything.

Traders who become so biased they do things like short this run again and again and again.... This along with the strange bottom structure (which starts to look like the tail end of a giant stop hunt), leaves bitcoin moving in max pain scenario. Absolute maximum pain

No pain, no gain.

Hope_Trader

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Quote from: figmentofmyass on May 13, 2019, 10:01:52 AM

Quote from: Wind_FURY on May 13, 2019, 06:45:47 AM

Quote from: figmentofmyass on May 11, 2019, 12:57:32 PM

the fact that bitfinex is trading below the other exchanges now suggests that most of the buying pressure is coming from elsewhere at this point. add the fact that shorts are obviously being squeezed on bitfinex too---about 4k BTC shorts have closed into this pump over $6k---it's obvious the rally isn't hinging on bitfinex anymore. quite reminiscent of 2017 if you ask me.

it's not that any entities have control over the market. smart whales are just following the path of least resistance, which was obviously UP.

Then I believe the next question should be "is the market currently over-leveraged, and when will this rally stop?"

It would be stupid to assume that the market is being moved absent of margin buy orders.

it's obvious that shorts were over-leveraged, with shorts massively outnumbering longs on bitfinex and the bitmex funding rate going constantly negative over the past week or two. that situation is beginning to even out now as shorts squeeze and bulls buy in, but longs haven't risen above shorts yet. it'll still be a while before longs become overextended IMO.

if we rise to $10k like the master expects, i'm sure longs will be feeling much heavier by then.

Bitcoin price consistently seems to be driven by idiotic traders more than anything.

Traders who become so biased they do things like short this run again and again and again.... This along with the strange bottom structure (which starts to look like the tail end of a giant stop hunt), leaves bitcoin moving in max pain scenario. Absolute maximum pain is we don't retrace ever again IMO Wink

figmentofmyass

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Quote from: Wind_FURY on May 13, 2019, 06:45:47 AM

Quote from: figmentofmyass on May 11, 2019, 12:57:32 PM

the fact that bitfinex is trading below the other exchanges now suggests that most of the buying pressure is coming from elsewhere at this point. add the fact that shorts are obviously being squeezed on bitfinex too---about 4k BTC shorts have closed into this pump over $6k---it's obvious the rally isn't hinging on bitfinex anymore. quite reminiscent of 2017 if you ask me.

it's not that any entities have control over the market. smart whales are just following the path of least resistance, which was obviously UP.

Then I believe the next question should be "is the market currently over-leveraged, and when will this rally stop?"

It would be stupid to assume that the market is being moved absent of margin buy orders.

it's obvious that shorts were over-leveraged, with shorts massively outnumbering longs on bitfinex and the bitmex funding rate going constantly negative over the past week or two. that situation is beginning to even out now as shorts squeeze and bulls buy in, but longs haven't risen above shorts yet. it'll still be a while before longs become overextended IMO.

if we rise to $10k like the master expects, i'm sure longs will be feeling much heavier by then.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: birr on May 13, 2019, 06:44:42 AM

Thanks for the good translation, Andergriff.

Yes... Exactamente!!! A much more understandable way of phrasing what was actually said in terms of trading lingo (rather than a kind of out of context abstraction - that google translate will frequently provide)... Great.

greensheep

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It's hard to believe that BTC will hit 10K after a bottom of 3.1K, without some kind of correction along the way.
This would be more than 300% rise...?
For what timeframe is the master giving is prediction?
is this for 2019?? Or untill summer??
If price keeps on going parabolic it would reach that price in june/july.

Anyway with BTC expect the unexpected...

Wind_FURY

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Quote from: figmentofmyass on May 11, 2019, 12:57:32 PM

Quote from: Wind_FURY on May 11, 2019, 05:10:54 AM

Quote from: dmwardjr on May 10, 2019, 03:03:05 AM

And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance. In fact, they would receive additional assistance without having to spend as much capital.

Then if Bitfinex has been drained by users "buying Bitcoin up to quickly withdraw", would the rally quickly reverse, or do the "composite groups" have control over the market by now?

Bitfinex's cold wallet address, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

the fact that bitfinex is trading below the other exchanges now suggests that most of the buying pressure is coming from elsewhere at this point. add the fact that shorts are obviously being squeezed on bitfinex too---about 4k BTC shorts have closed into this pump over $6k---it's obvious the rally isn't hinging on bitfinex anymore. quite reminiscent of 2017 if you ask me.

it's not that any entities have control over the market. smart whales are just following the path of least resistance, which was obviously UP.

Then I believe the next question should be "is the market currently over-leveraged, and when will this rally stop?"

It would be stupid to assume that the market is being moved absent of margin buy orders.

birr

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Thanks for the good translation, Andergriff.

Andergriff

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New post from Wanga:

Quote

Пoглядeл я нa нeдeльныe и днeвныe зaкpывшиecя cвeчи.... Hи нaмeкa нa cлaбocть тpeндa. Биткoин cкaзaл "Xз ктo тaкaя вaнгa" и дeмoнcтpaтивнo пoшeл pиcoвaть пyзыpь c 3000 нa 10000 в oднy вoлнy, пpoбив шecтepкy кaк мacлo. Bce тaки мы бyдeм тecтиpoвaть $6000, пpaвдa cвepxy ). Mдa. O чeм этo нaм гoвopит?

Биткoин пpoдeмoнcтpиpoвaл, чтo oн cильнo пepeпpoдaн. (Кxм, eщe бы, cидя пoчти вepxoм нa нeдeльнoй мa200....). Ecли экcтpaпoливaть тo, чтo ceйчac пpoиcxoдит нa бyдyщee, тo нe cлoжнo пpeдcтaвить, чтo ceйчac этo тoлькo eдиничкa eдинички, a пoтoм бyдyт тpoйки... И пятepки... Hy тo ecть этoт cкaчoк - пpocтo пpыщик нa жoпe бyдyщeгo cлoнa.

Eщe Биткoин cкaзaл, ктo бyит шopтить, ocтaнeтcя бeз тpycoв.

Кopoчe. Moe нoвoe мнeниe - $10k, пoтoм $6k. Ho этo нe тoчнo! ))

More accurate translation from me:

Quote

I looked at the weekly and daily closed candles .... Not a hint of a weak trend. Bitcoin said "WTF is Wanga" and defiantly went to draw a bubble from 3000 to 10000 in one wave, breaking 6 thousand like butter. All the same, we will test $6000, but on top). Hmm. What does this tell us?

Bitcoin has demonstrated that it is heavily oversold. (hmm, still, sitting almost astride a weekly ma200 ....). If you extrapolate what is happening now for the future, it is not difficult to imagine that now it is only the first unit of the first wave, and then there will be triples ... And fives ... Well, that is, this jump is just a pimple on the ass of the future elephant.

And also Bitcoin said who will be his short, will be without panties.

Generally. My new opinion is $ 10k, then $ 6k. But it is not exactly! ))

exstasie

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Quote

$ 10k, then $ 6k.

I could see this happening. If we get as far as $10K, we probably won't be going below the $6K area again.

The way we sliced through the triangle apex from 2018 with no resistance caught many of us (including me) by surprise. If we can remain above it, the market will keep squeezing the bears for some time. $10K isn't out of the question.

keystroke

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advocate of a cryptographic attack on the globe

Translation of previous post:

"I looked at the unfortunate and daytime closure of the deadline .... Notice of the ease of the trending. Bitcoin said, “Xc who's the fuckin ',” and democratically went about typing at 3000 to 10,000 in one wave, having broken the slash of oil. All we will be testing $ 6000, however,). Mda. What does this say to us?

Bitcoin has wondered that it has been greatly repaired. (Kkhm, still, sitting almost on the verge of a bad 200 ...). If you want to get it

Still Bitcoin said, who has to scour, it will remain free of charge.

More fine My new opinion is $ 10k, then $ 6k. But this is not accurate! ))"

keystroke

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advocate of a cryptographic attack on the globe

Пoглядeл я нa нeдeльныe и днeвныe зaкpывшиecя cвeчи.... Hи нaмeкa нa cлaбocть тpeндa. Биткoин cкaзaл "Xз ктo тaкaя вaнгa" и дeмoнcтpaтивнo пoшeл pиcoвaть пyзыpь c 3000 нa 10000 в oднy вoлнy, пpoбив шecтepкy кaк мacлo. Bce тaки мы бyдeм тecтиpoвaть $6000, пpaвдa cвepxy ). Mдa. O чeм этo нaм гoвopит?

Биткoин пpoдeмoнcтpиpoвaл, чтo oн cильнo пepeпpoдaн. (Кxм, eщe бы, cидя пoчти вepxoм нa нeдeльнoй мa200....). Ecли экcтpaпoливaть тo, чтo ceйчac пpoиcxoдит нa бyдyщee, тo нe cлoжнo пpeдcтaвить, чтo ceйчac этo тoлькo eдиничкa eдинички, a пoтoм бyдyт тpoйки... И пятepки... Hy тo ecть этoт cкaчoк - пpocтo пpыщик нa жoпe бyдyщeгo cлoнa.

Eщe Биткoин cкaзaл, ктo бyит шopтить, ocтaнeтcя бeз тpycoв.

Кopoчe. Moe нoвoe мнeниe - $10k, пoтoм $6k. Ho этo нe тoчнo! ))

keystroke

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Recent stock-to-flow ratio posts impressed me as the most interesting new price model to come out in years. But this thread is really for following masterluc IMO, although he no longer posts here of course. Maybe we should make a new thread about bitcoin stock-to-flow.

sbj175

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I'm surprised no one around here is talking about PlanB's Medium article -- "Modeling Bitcoin's Value with Scarcity" -- on modeling Bitcoin's price based on "Stock-to-flow" ratio. I believe he's found a solid fundamental price driver.

Or is this thread strictly TA?

figmentofmyass

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Quote from: Wind_FURY on May 11, 2019, 05:10:54 AM

Quote from: dmwardjr on May 10, 2019, 03:03:05 AM

And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance. In fact, they would receive additional assistance without having to spend as much capital.

Then if Bitfinex has been drained by users "buying Bitcoin up to quickly withdraw", would the rally quickly reverse, or do the "composite groups" have control over the market by now?

Bitfinex's cold wallet address, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

the fact that bitfinex is trading below the other exchanges now suggests that most of the buying pressure is coming from elsewhere at this point. add the fact that shorts are obviously being squeezed on bitfinex too---about 4k BTC shorts have closed into this pump over $6k---it's obvious the rally isn't hinging on bitfinex anymore. quite reminiscent of 2017 if you ask me.

it's not that any entities have control over the market. smart whales are just following the path of least resistance, which was obviously UP.

TaurusBit

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TaurusBit.com Administrator

Wind_FURY

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Quote from: dmwardjr on May 10, 2019, 03:03:05 AM

Quote from: Wind_FURY on May 10, 2019, 02:58:20 AM

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance. In fact, they would receive additional assistance without having to spend as much capital.

Then if Bitfinex has been drained by users "buying Bitcoin up to quickly withdraw", would the rally quickly reverse, or do the "composite groups" have control over the market by now?

Bitfinex's cold wallet address, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Ahab_Hunter_of_BearWhale

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gentlemand

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Welt Am Draht

Quote from: Wind_FURY on May 10, 2019, 02:58:20 AM

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

I'm wondering this, though obviously it's gone past that point now. The premium is actually in the negative at present if you put their withdrawal fees on top.

It could be pondered that the previous bubble kicked off EXACTLY when Bitfinex lost their banking around the $1000 mark.

I know everything needs a catalyst but it would be nice if it were a more wholesome one.

figmentofmyass

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Quote from: windjc on May 09, 2019, 01:21:37 PM

The only way this gets anywhere close to 4.5k is if we fomo from here. Otherwise you'll be lucky to get to 5k.

we just pumped $525 and counting in the last 6 hours. does that count as fomo? Tongue

looks like we're steamrolling right through the apex masterluc pointed out. i'm surprised at the lack of volume/resistance. it looks like there is zero supply in the $6000s.

where does the squeeze end?

Topic: Analysis - page 24. (Read 941579 times)