Carolina.
Trains.
Rockets.
What more?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11139. (Read 26728967 times)
April 02, 2019, 06:56:25 PM
April 02, 2019, 06:53:22 PM
Bitcoin Erupts As Short Positions Are Wiped Out
https://cryptobriefing.com/bitcoin-erupts-shorts-wiped/
So breaking 4,200 was it ? That's all we needed ?
5,500 at the end of the week ?
"Traders reacted to the news with cautious optimism. A few pundits suggested that the movement was led by bots, mistaking April Fool’s articles for real market sentiment.
In particular, Finance Magnates published a prank announcement that the SEC had approved Bitcoin ETFs, an issue which has sparked strong price reactions in the past. Some think this explains why Bitcoin seems to be leading the charge.
But the market move came sixteen hours after the FM story was published. If April Fool’s articles had had any discernible effect on the market, as some have said, algorithmic traders would have reacted far faster to the news. It would have been a matter of minutes, not a whole day.
George Harrap, the co-founder and CEO of Bitspark, believes it was probably a “natural move,” rather than a knee-jerk reaction by bots. Noting that Bitcoin is currently trading for $200 more on BitMEX than on conventional exchanges, Harrap suggests the movement was led by leveraged traders.
“This rules out any moves by local fiat exchanges or institutional influence,” Harrap wrote in an email. “It’s more of a natural move as compared with the price movements in 2018 where it seemed that too much was sold off.”
...
David Thomas, director of the crypto-brokerage firm GlobalBlock, argues that the price gained momentum due to technical trading. $4,200 was a “key level” for Bitcoin, he explained, one which it had been unable to break this year.
Short traders identified this level, and calibrated their positions to exit at that price. When bitcoin broke past this morning, it triggered all the stops on short positions, removing resistance. This, Thomas believes, “exacerbated the move higher,” allowing Bitcoin to suddenly surge up to $4,800 within a relatively short space of time.
...
Thomas said some bullish traders are already predicting BTC at $5,500 as early as this coming week."
https://cryptobriefing.com/bitcoin-erupts-shorts-wiped/
So breaking 4,200 was it ? That's all we needed ?
5,500 at the end of the week ?
"Traders reacted to the news with cautious optimism. A few pundits suggested that the movement was led by bots, mistaking April Fool’s articles for real market sentiment.
In particular, Finance Magnates published a prank announcement that the SEC had approved Bitcoin ETFs, an issue which has sparked strong price reactions in the past. Some think this explains why Bitcoin seems to be leading the charge.
But the market move came sixteen hours after the FM story was published. If April Fool’s articles had had any discernible effect on the market, as some have said, algorithmic traders would have reacted far faster to the news. It would have been a matter of minutes, not a whole day.
George Harrap, the co-founder and CEO of Bitspark, believes it was probably a “natural move,” rather than a knee-jerk reaction by bots. Noting that Bitcoin is currently trading for $200 more on BitMEX than on conventional exchanges, Harrap suggests the movement was led by leveraged traders.
“This rules out any moves by local fiat exchanges or institutional influence,” Harrap wrote in an email. “It’s more of a natural move as compared with the price movements in 2018 where it seemed that too much was sold off.”
...
David Thomas, director of the crypto-brokerage firm GlobalBlock, argues that the price gained momentum due to technical trading. $4,200 was a “key level” for Bitcoin, he explained, one which it had been unable to break this year.
Short traders identified this level, and calibrated their positions to exit at that price. When bitcoin broke past this morning, it triggered all the stops on short positions, removing resistance. This, Thomas believes, “exacerbated the move higher,” allowing Bitcoin to suddenly surge up to $4,800 within a relatively short space of time.
...
Thomas said some bullish traders are already predicting BTC at $5,500 as early as this coming week."
420, Magic number.
April 02, 2019, 06:44:32 PM
6K will come. There is no doubt.
April 02, 2019, 06:42:00 PM
This is getting ridiculous. Can we stop around here for a while FFS?
April 02, 2019, 06:37:59 PM
Not to exceed ~$5,600ish. Not saying we will get there, but saying $5600 - $5700 would be a local top.
April 02, 2019, 06:36:43 PM
Tone and the gang are still bearish, calling this a bull trap. Just keeping you all up to date to on the perma bears.
April 02, 2019, 06:33:23 PM
April 02, 2019, 06:32:54 PM
@everybody
Just noticed April fools day is over and my tag as verified troll is no more
But please give me back my original tag for all the other days of the year
=verified HODLer!!! ——-> verified by WO-greatest thread of the forum
#verified Just noticed April fools day is over and my tag as verified troll is no more
But please give me back my original tag for all the other days of the year
=verified HODLer!!! ——-> verified by WO-greatest thread of the forum
April 02, 2019, 06:31:33 PM
@everybody
Just noticed April fools day is over and my tag as verified troll is no more
But please give me back my original tag for all the other days of the year
=verified HODLer!!! ——-> verified by WO-greatest thread of the forum
Just noticed April fools day is over and my tag as verified troll is no more
But please give me back my original tag for all the other days of the year
=verified HODLer!!! ——-> verified by WO-greatest thread of the forum
April 02, 2019, 06:25:47 PM
When page parity?
Dunno.
I'm shooting for post count parity some time in 2024.
Whoaza, jbreher... that is a pretty damned conservative timeline, but hey I don't have any problem(s) with either conservative thinking or preparing for conservative outcomes.
I’m shooting for views parity in 2033.
But who knows how much the Economy will grow with AI & Blockchain. The industrial revolution apparently brought about a 50x increase to world GPD after all, and all of the seven digit predictions I've seen so far were based around today's numbers.
April 02, 2019, 06:20:46 PM
Gentlemen, did everyone fasten their seatbelts? We seem to be continuing our journey!
April 02, 2019, 06:20:38 PM
need a taller screen 
It was from out the HODLnest, wasn’t looking good
Btw good night and HODL tight WO brothers
Cheers and keep up the green mind
April 02, 2019, 06:19:35 PM
4914!
April 02, 2019, 06:15:10 PM
need a taller screen
April 02, 2019, 06:12:46 PM
April 02, 2019, 06:05:24 PM
Thanks Toxic!
April 02, 2019, 06:00:57 PM
Same. Pretty obvious.
I'd take the gold bar so I could melt it, short it, and then buy some Bitcoin.
I'd take the gold bar so I could melt it, short it, and then buy some Bitcoin.
April 02, 2019, 05:57:57 PM
What line did you draw? The daily 200 SMA is at 4600 ...
Your probably looking at a simple moving average and what I was showing is a smoothed moving average..that is all. I apologize for any confusion.
How is that calculated that it deviates that much from normal simple moving average?
Why do you use it instead of simple moving average?
Edit:
I looked it up: https://www.tradeforextrading.com/index.php/movingaverage/sma-ema-lwma
Quote
The SMMA is not commonly used
So only the question remains why you prefer smma over sma?
Without getting to technical simply because it takes into account recent prices as well as the trailing averages into the plot. I tend not to rely on any one indicator..rather I prefer using as many as possible..dozens really. Then build your own interpretation of what your seeing to make something unique. The smma if you will..goes particularly well with the schiff fork on that chart I thought. Just because something is obscure or possibly abstract does not mean it cant spark your imagination. And thats what its really all about right? Something to be excited about..something to bring visions of a brighter future. Where you are empowered with personal financial responsibility and freedom...where you have control and maintain consent over all your online data. That is the future I dream of and will advocate for until my last breath.
*steps down off soapbox
Err..sorry about that...its Tuesday cant you see?
April 02, 2019, 05:52:10 PM
pit pat piffy wing wong wang
O.k... Fine.
Sometimes, it takes me time to feel that I am starting to "get it."
April 02, 2019, 05:48:21 PM
Fucking LTC up $10 since I dumped for taxes.
HOPE YOU ARE HAPPY, IRS ! It's all going to you anyway.
Taxation is theft.
This happens every time I sell some coins. Coincidence? HOPE YOU ARE HAPPY, IRS ! It's all going to you anyway.
Taxation is theft.
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