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Yawn. Halving still some way off. Just noise.
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I wonder how low this goes. Full retrace down to 450? or do we hold 4000 cny. Unfortunately cannot check the price too often so move my bids right down to the upper 4xx's though I don't really expect it to get anywhere near there.
Things are certainly a bit more bearish now.
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I wonder where the bottom is..
I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.
Oh man, I know how you feel. Lost many btc in that head fake bear trap back in Nov. But then made up for it by rebuying around 450. I also just bought some more trying to catch this falling knife at 660. We'll see if it holds. My goal has always been to gain more btc over time, not reduce them. That bear trap back in Nov really taught me something: when in doubt, do nothing (aka just Hodl). Yes. Amazing how easy it is to trade away those gains by churning your account or mistiming entry and exits. Oh well. |
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I wonder where the bottom is..
I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.
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We just dropped through that trendline. This may be about to get nasty.
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Not much of a bounce here. Perhaps we do venture lower.
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A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.
Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend. Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.  You always believe the price will fall or any rally is a bull trap. We are at $679 dollars, Tzupy. You were bearish at 200$ :-) |
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A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.
Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend. That remains to be seen. A strong bounce back up over 700 in the next 24 hours would secure the immediate trend. Watching :-) edit: bitfinex charts are bonkers |
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I just bought at $660. Let's see what happens next.  Yep bought back half my stash here having carried a few coins down (never go full fiat) from upper 700's. Stink bid to buy back the rest at 500. |
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I don't think we can call BFX dead quite yet. Too much damn money flowing into that place. Would have to be a hell of a coke habit to blow that.
They are probably closing everyone's positions before reopening. Brace yourself for the cries of indignation. Why can't I go long on trader outrage.
That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price) I don't think they did such a thing. Anyway, my short that I placed at 743$, but was executed at 727$, was left unchanged. And now, back to sleep... Missed my bid at 674 by 1 dollar :/ Oh well. I was sort of expecting to see bitcoin at 400$ and all my bids hit and a huge amount of money lost. |
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I just think there are a lot of people who held through the last bubble and subsequent crash. They are 3 years older and are likely to take profit now and as we go higher.
The price has already run from 200 to 789 and we aren't even at the halving yet. The whole shebang so far is the market attempting to price in the halving phenomenon before it has actually exerted any effect on new coin emission.
I just don't think we go much higher without a decent shakeout. There is still nearly three weeks to the halving date - lots can happen in that time :-)
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Very little chance of that happening on this run. |
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Bears not breaking through, bulls not pushing higher either.
Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.
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This is nothing. Just a bullish correction.  (could someone tell OK coin to stop selling off thanks..) |
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Not yet. Looking promising though.
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Hidden wall preventing a crash on finex at 739
He who panics first, panics best. Let's see if we bounce here or 789 was an intermediate top.
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We are already over that value and that is really nice the only thing that we just have to do is just sell it on the right moment and that is all because the price of Bitcoin is now rising at the moment so that is perfect for people who already have Bitcoin.
And of course it is hard to know what is going to happen later with Bitcoin but the halving is also coming soon to us.
It's not that difficult. You just have to make sure you unload some of your coins before the block halving takes place. That's it. If you so wish you can use the dump after the block halving in your advantage to buy back your coins. Plenty of opportunities, make sure you use them. Everyone is expecting to sell some after the halving and buy back lower. So that won't work in all likelihood and the price will crash before the Halving or not at all. |
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Not long before bitcoin tries to push higher ..
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Just got home but I see that while I was away we hit yet another 2 year high.
In typical fashion "someone" felt the need to frantically dump it down to try to kill the rally. Seems to happen every time we reach a new high.
We saw it when we first broke $550, again at $590, then at $719, yesterday at $777, and today at $789.
Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice fair amount of money to try to stop it from happening.
I'm not a conspiracy theorist but I'm not a conspiracy denier either. It's enough to have me considering the validity of the "J.T. Borgan" extinguisher rumors.
Whoever it is, they're spending a pretty penny to fight what appears to be a losing battle.
To be honest I think we should be thankful for that. What is the advantage of a quickly inflated bubble? We are not being dumped back into the 500's either. It seems to me that these market makers at least attempt making this a more controlled growth (as far as that is possible in Bitcoin, the market cap is still way too small to not be highly volatile). It would be highly surprising if we don't experience a bullish correction during this rally. I have the top at 789.78 on finex. We are hovering in the 750's. I have bids at ~614 (50%) and ~572 (61.8%). They may not get hit which is fine. No one ever went bankrupt taking profit. Keeping a close eye in case i have to pile back in :-) |
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That went from enjoyable to irritating very quickly.
Where are the proper dumps. These 5% ones are chop.
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