Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: jamesashmore1964 on June 30, 2018, 01:52:28 AM



Title: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 01:52:28 AM
This pump was to cover a position on a futures contract. It was done out of desperation!
Chances are this desperate trader will SELL because the pump was to do as mentioned!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: Lontonbit on June 30, 2018, 02:13:08 AM
This pump was to cover a position on a futures contract. It was done out of desperation!
Chances are this desperate trader will SELL because the pump was to do as mentioned!

Shorter got rekt!!!! Lmao ⬆️⬆️⬆️


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: Worty316 on June 30, 2018, 02:18:58 AM
them CME futures are dumb.


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: Lontonbit on June 30, 2018, 02:30:27 AM
I knew it was coming, literally screaming it but no body listened


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 04:22:41 AM
Maybe the shorts got wrecked and the market goes up and sentiment goes positive!
It is so hard to work out this market!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: Lontonbit on June 30, 2018, 04:28:29 AM
We’re heading for a test of 10k, huge buy signal


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: Mt. Dempo on June 30, 2018, 05:11:42 AM
is this a bull run sign that will happen in the summer, as many would expect?
but I still hesitate, because the downward trend is still continuing and maybe this pump is only temporary.


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: loicuagio1979 on June 30, 2018, 05:47:10 AM
We’re heading for a test of 10k, huge buy signal

Well, it's high time to buy and I can see the signal also. I have just found the light at the end of the tunnel
https://www.tradingview.com/x/TUKLBZsX/

I do hope that $7k resistance will be firstly broken


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 05:56:22 AM
We’re heading for a test of 10k, huge buy signal

Well, it's high time to buy and I can see the signal also. I have just found the light at the end of the tunnel
https://www.tradingview.com/x/TUKLBZsX/

I do hope that $7k resistance will be firstly broken


Very dangerous but if your happy with it go for it!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jeffthebaker on June 30, 2018, 05:58:43 AM
Correlation != causation...

Far more likely is the pump was a response to the great news regarding ETF acceptance in the US: https://www.reuters.com/article/us-usa-sec-etf/us-securities-regulator-unveils-proposal-to-ease-etf-approvals-idUSKBN1JO2EV?utm_source=reddit.com


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 06:02:24 AM
Correlation != causation...

Far more likely is the pump was a response to the great news regarding ETF acceptance in the US: https://www.reuters.com/article/us-usa-sec-etf/us-securities-regulator-unveils-proposal-to-ease-etf-approvals-idUSKBN1JO2EV?utm_source=reddit.com





Does not refer to Bitcoin!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jeffthebaker on June 30, 2018, 06:23:58 AM
Correlation != causation...

Far more likely is the pump was a response to the great news regarding ETF acceptance in the US: https://www.reuters.com/article/us-usa-sec-etf/us-securities-regulator-unveils-proposal-to-ease-etf-approvals-idUSKBN1JO2EV?utm_source=reddit.com





Does not refer to Bitcoin!

Price of Bitcoin is the best manifestation of cryptocurrency market as a whole. Positive changes in crypto sentiment as a whole certainly translates to positive movements for price of BTC.

I also think it does refer to Bitcoin, as the major point of rejection for ETFs lately has been those with a crypto-centric nature. A number of BTC ETFs have been denied in the past several years.


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 06:47:07 AM
Correlation != causation...

Far more likely is the pump was a response to the great news regarding ETF acceptance in the US: https://www.reuters.com/article/us-usa-sec-etf/us-securities-regulator-unveils-proposal-to-ease-etf-approvals-idUSKBN1JO2EV?utm_source=reddit.com





Does not refer to Bitcoin!

Price of Bitcoin is the best manifestation of cryptocurrency market as a whole. Positive changes in crypto sentiment as a whole certainly translates to positive movements for price of BTC.

I also think it does refer to Bitcoin, as the major point of rejection for ETFs lately has been those with a crypto-centric nature. A number of BTC ETFs have been denied in the past several years.

The guy who put the link on this thread is a FUD merchant!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: renault18turbo on June 30, 2018, 07:49:39 AM
Haven't you noticed that the cryptocurrency market is not responding to any kind of news? It became very unpredictable.


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: jamesashmore1964 on June 30, 2018, 08:00:18 AM
Haven't you noticed that the cryptocurrency market is not responding to any kind of news? It became very unpredictable.

Yes, I have. The market is screwed. It is very very dangerous at the moment. When it moves it moves fast and if you don’t have a stop loss you could lose a lot of money. A Chinese whale or whatever could plunge the market or visa versa! Retail demand is stagnant and Institutional money is on hold until there is a regulatory path.

Tether and Bitnifex also pose a big threat to institutional money and retail: until they are investigated a question mark is hanging over this space!


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: caisa88 on June 30, 2018, 02:29:38 PM
We’re heading for a test of 10k, huge buy signal

Well, it's high time to buy and I can see the signal also. I have just found the light at the end of the tunnel
https://www.tradingview.com/x/TUKLBZsX/

I do hope that $7k resistance will be firstly broken
$7k resistance should be easy to break. Indeed, from this graph it looks that the price should just increase from now on and we should get back to over $9k per 1 Bitcoin.


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: golovayv on June 30, 2018, 02:42:44 PM
I think that even for a short time the price will fall below 6K, pick up the stop-loss, and after that, there will be growth and breakdown of 7K. But it is not exactly  ;)


Title: Re: Bitcoin pump done just before CME futures expiration time!
Post by: disconnectme on June 30, 2018, 04:09:25 PM
This pump was to cover a position on a futures contract. It was done out of desperation!
Chances are this desperate trader will SELL because the pump was to do as mentioned!


This futures contract has brought price manipulation to BTC prices, then we use to talk about China but what is happening now is something disturbing, this is the second time something like this would happen