I voted conservatively below 3k$, because 5k$ while possible in late 2016 is less probable and 10k$ is bulls' dream (delusional permabulls' dream is 1M$). And of course 2017 and 2018 IMO should be bear market, from which bitcoin price will never truly recover, since something better will replace it.
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Volume has dropped a lot lately. A month ago the 4h MACD was a relatively reliable indicator, but the pump-and-dump we experienced may have sped up the market and maybe 2h MACD could be more useful short term, and it suggests going up tomorrow.
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6k Bidwall @ 1700CNY on Huobi. Not sure if anyone posted that yet.
Support at 1950 CNY is too strong, I doubt it will be broken soon. IMO it's much more likely to test it and rebound, possibly to 2600 CNY. To break support at 1950 CNY soon would be incredibly bearish.
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This shit is going down ! even feds are dumping Please elaborate, how feds are dumping...? 50,000 seized coins are being auctioned. How is that dumping? According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E. fonzie trolling, what a surprise... No, the feds are auctioning the 50k on behalf of DPR (who still owns them until convicted) and the US Government (who would own them after getting him convicted), and both believe that the price will take a nose dive.
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With an influx of new fiat similar to the Chinese in October - December 2013, it's possible. Without plenty of new fiat, probably not, wait for 2016.
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Feel like we're retesting the 9940 support.
edit: aand it's gone
I'm getting worried, what if there's no significant post rebound and this is a death spiral, going down to 9k?
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Post dumper pressure continues... Not much left until entering over-deleted zone. Surely soon he'll run out of delete-able posts, and we'll see a rebound that will not be a DCB.
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The reaction to the post dumps gave me a good laugh, thank you fellows! Now please HODL your posts so we can reach 10k! I can't believe I just said HODL... Edit: Oh no, it's still happening!
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Come on folks, if everybody keeps holding his clever post for page 10000, we will never get to page 10000.
In the meantime, someone is deleting posts, page count just regressed. I suppose people were holding back their meaningful posts for page 10k.
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How can they claim to sell assets when the trial has not even started ?
Read the announcement: Ross agreed to the sale. Yes, I should have read it, DPR agreed to the sale, quoting: WHEREAS, the Government and Ulbricht agree that, due to the volatile market for bitcoins, the Computer Hardware Bitcoins risk losing value during the pendency of the forfeiture proceedings; WHEREAS, the Government and Ulbricht agree that the Computer Hardware Bitcoins are to be liquidated or sold by the Government before the conclusion of the forfeiture proceedings, with the net proceeds of the sale to be held as substitute res pending further order of this Court;
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Quick Question? How can they claim to sell assets when the trial has not even started ?
In principle they can't, but maybe DPR made a deal that included forfeiture of the coins. Edit: dropt beat me to it.
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Daily PSAR flipped, like in early June. But the correction may have already happened 50%, we'll see:
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“If you’re going to panic sell, panic sell early” FTFY
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After comparing the amplitude of the drop on Bistamp and Chinese exchanges (who care less about the auction), I'd say it was triggered by the auction.
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That finex dump :I was the USMC auction the catalyst?
Ps what the duck is up with BTC-CHINA sudden mega volume and depth this week? Their depth density is up like 400%
Maybe, I expected this dump only some 6 - 8 hours from now, by looking at the MACD. Bids at BTC-China went up 6x and asks 4x in a short amount of time, first I thought it's fake, but...
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... No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.
The resistance at 420$ comes from October. When it was broken, it became support, and then support broken became resistance again, at least short term.
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Since oda.krell posted a bullish scenario that doesn't make sense to me, I decided to post how a bullish scenario should look IMO.
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Everyone waiting for 1 week MACD to turn green. Maybe 1-2 weeks?
Bitfinex & Huobi already have 1st 1week MACD. Tomorrow we will see second bar. Maybe you meant that the 1d MACD divergence has been green for a week, but the 1w is still red everywhere.
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