You're right... upper 200s. Have fun losing your money, jack---. See, I can be a hostile a--hole, too. By the way, why are all of the hodlers always in the speculation section b----ing about traders. Do they not know how to read? Is the world speculation merely beyond their vocabulary. One amongst many mysteries.
Want a chance to put your money where your mouth is? 5 BTC says we dont go to upper 200's within a week. lol I'll give him 2 weeks on that. He's clearly stuck in a bad short and raging in the forum. I closed all my shorts in October when indicators suggested we were approaching a trend reversal. Since then longs have been working out very well. |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing? Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little. It is big in America, but for some reason people think that Coinbase and Bitpay operate with zero capital on hand. They believe every time some one buys or sells then coinbase and bitpay have to run to the exchanges to get the BTC or fiat creating this imaginary retailer dump they are waiting for. Copied and noted for later shaming when price is in the lower 300s within a week's time. If there's a dump within a week's time it will be from the Dec 4th auction, not a retailer dump. |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing? Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little. It is big in America, but for some reason people think that Coinbase and Bitpay operate with zero capital on hand. They believe every time some one buys or sells then coinbase and bitpay have to run to the exchanges to get the BTC or fiat creating this imaginary retailer dump they are waiting for. |
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And this, kids, is how rallies start   Looks about right to me  |
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"The required retailer dump" I lol'd.
Yea apparently people believe new consumers buy and retailers sell on exchanges like finex and huobi to save money on overstock... LOL Bitpay and Coinbase have never drove the prices. Stamp, huobi, finex, and other exchanges drive the prices. |
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Finex broke 380. Too early to start posting "it's happening" gifs?
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Someone please explain how this is even possible?? This system is not sustainable... Many big people in bitcoin know this & are pulling out. Good luck to you all!
Who? Him and Faalllling |
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 Wow I didn't think I'd see something like this for at least another few years. Amazing that one of the big player fiat banks understands Bitcoin.
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Finex 375 and rising!  |
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Slow day....  |
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Looking back today, last year's November was just utterly insane. Nothing could stop the price drive.
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Perhaps this is gentlemen afterall...
Need to see more volume before i'm sure though
Yea true, volume is pretty sad right now |
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6 red candles in a row on the 6 HR chart. This one however looks like it might be a greenie!
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But this time I'm not sure if I should wait until after the auction though in case we get a nice dump...  That's the 4th of December y'all. A week from Thursday. Not too long to wait  |
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How have I never noticed this post before? Very interesting, will save a check back frequently.
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As my father says. "A good trade is when both the buyer and seller are unhappy".
Your father was wiser than mine. All mine ever said was "is there more beer in the fridge?". |
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this looks like the lowest the bears can manage. should be a good second half of the week, ready for an amazing weekend.  I completely agree! |
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Honestly I am seeing many different signals and indicators that hint we are on the verge of another bullish breakout, so that's the direction I'm leaning. HOWEVER the thing with using TA on bitcoin is individuals and small groups can manipulate the price up or down if they have enough money since the entire market cap is only ~$5 billion. Everything on the charts could indicate a huge bullish breakout and all you need is one whale to drop in and sell 10,000 coins and knock the price back down. Just the opposite could happen as well, say if Bill Gates or some other billionaire decides to buy in with $50 million during a bearish trend...
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Thanks for the update! I'm feeling pretty optimistic with multiple indicators are on the edge or hinting at a bullish breakout. The 3D RSI is still indicating an upward trend yet the price action is still bouncing up and down. Hopefully the price will begin to follow the RSI upswing, but we'll see!
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