BFX blog post re recent market rumors

http://blog.bitfinex.com/announcements/response-to-online-rumours/

Let’s keep referrals to obvious Ponzi schemes out of WO please.  

Yes it did happen.  A crazy bot is being blamed.  But I suspect it is someone deliberately triggering stop losses / buy stops in illiquid € markets.  € markets are much thinner so easier to do this.

We saw the same whipsaw on Bitfinex only a couple of weeks ago. It will get more common as liquidity dries up.  

Easier to blame a bot so the exchanges don’t have to take responsibility for low liquidity.   

Who is the stable coin now?

We are bumping our heads against the bear down trend line. 




https://www.tradingview.com/chart/BTCUSD/htkKSFt2-Bitcoin-Trend-0830-UTC-Bumping-the-bear-line/

You need to take out $7,450 and $8,500 before you can see $10k.

Let's be clear as to people's motivations.  DonAlt runs paid groups for noobs.  He doesn't make any money in a bear market.  

Current analysis.  We are bumping our heads against the orange bear down trend but finding local support from a weak green trend line.  This green trend line was previously support, swapped to resistance and then has swapped back to support.  It is likely to break down within the next 48 hours and go back to being a resistance line.  Am currently short with an entry point just under $6,600.



https://www.tradingview.com/chart/BTCUSD/n3hY5Yri-Bitcoin-USD-Support-and-Resistance-lines-05-10-2018/

The fastest path to capitulation is to post lots of whacky tic tac memes

Agreed.  The bottom will definitely be in by this time next year and we will be climbing again.  If we hold this level through January, odds are we have already seen the bottom. And that’s only three months away.  

A gap opens every time there is Tether FUD.

Fear rising sharpish

Fuck your mother if you want fuck

It’s not a capitulation until everyone despises everyone else

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

There are more Coinbase accounts than Bitcoins

For what it is worth, here is the current chart I use for trading.  Current strategy is to attempt to open shorts at the orange down trend line.  The price at the moment has remained too low beneath the orange trendline so currently have no trades open (short from 28 September has been closed).  Support and resistance is too tightly packed for me to gain an acceptable risk/return on longs.  However a long position from $5,900 would be appealing. 



https://www.tradingview.com/chart/BTCUSD/xAc2kWDL-Bitcoin-USD-Downtrend-state-support-and-resistance-analysis/

I post from mobile so a pain to resize.  May just post substantive moves rather than jiggery pokery.

Do people like these sentiment updates or are they dumb?