Nope, complete bullshit.  You wanna put your money where your mouth is, Mr. "it won't drop another $25" when it was at 380?

Get it to 390 and I will.  But you and I know it won't even get there, not even 375.  It's all a farce.

This bull pennant just looks soooo bullish that it couldn't *possibly* break in the down direction, right guys?  

I mean, it wouldn't instead dump over the weekend?

Right?  Guyz??

Bull market? 

Yeah well let's break up above 375 and then above 400 (all on massively rising volume) before we even start talking about a bull market.  This would have to happen within the next 2 weeks to confirm.

I have a feeling we'll be seeing it head the other way.  Just sayin'.

Yup, these margin shifts are exactly what the whale looks for to make big moves.

Also, beware rising price on falling volume.

This whole thing will take 6-8 weeks to play out fully, maybe longer.  Only day traders love all the silly little interim swings, and most end up making very little if anything anyway.

Awesome.  We get anywhere near 400, I'm selling the remainder of my bitcoins.  Because it won't.

Sure it will.  It was created by the dumper.  All walls, support or resistance, are created by the same whale.

Edit:

PAGE 14000 BITCHES

Shit, I'm still waiting for a legitimate LARGE online retailer to be able to seamlessly spend BTC on things.  The last major retailer adoption announcement was Expedia, all the way back in mid 2014.  That was a fk'ing lifetime ago.  IT'S BEEN 18 MONTHS PEOPLE. Where are the Amazons, the Targets, the BestBuys, the Walmarts, the Walgreens, the PayPals? (and no, Overstock and Rakuten don't really count to me).  

Hell if PayPal and Starbucks would just seamlessly integrate BTC as a payment option, and I mean *native* integration, the whole fk'ing Bitcoin world would be happier than a pig in shit.

But no, oh no, all major retailer adoption announcements HAD to cease in 2014.  This pisses me off.

Totally agree.  Also, we've never seen what happens to btc during a true financial crash, since it was born after one.  It could crash just like a stock, dunno.  People like to rush to fiat during financial crisis.  I hope it would do the opposite.

The other thing is that this small group of whales was hoping that their pumping would attract other, larger whale players to join in.  That's exactly what happened in 2013.  Which is the reason rallies in 2013 went so high, and then high volatility (coordinated trading) during the bear market.  And why the bear market took sooo long to deflate in 2014.

Well for whatever reason, that didn't happen this time.  So this small group of whales failed to attract other bigger whales.  Also, all buying pressure and volume completely ended on Nov 4th, the day before the USM auction.  That was a BIG giveaway that this run up was simply engineered around that event.  They also failed to attract Average Joe, who has become skeptical and completely apathetic to bitcoin price run ups.

I do believe, however, that we will eventually see another Bitcoin event year like 2013.  If you notice, it coordinated perfectly with a U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% chance of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point?  Lol   

Yep, and I also knew it would bounce off the "fake" support at 300.  Btw, hmmm 300, well that's

1. Oddly a perfectly psychological round number, isn't it?  Interesting.

2. Wait 300... it's a perfect U.S. dollar number.  But, but, but...I thought everyone said that the Chinese were in controlz of the market?!?!?  Guyz?

Just wait long enough, here's what the market will do.  It will drift back down and level out dangerously close to 300 (the fake support), finally break through when the fake walls are pulled, then back up to $299.9999999 (head fake) and pegged there for days/week, then of course the selloff will continue down.  Then you will finally see some very odd margin calls.

Happens every time, just like clockwork.

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.

VERY LEGIT

Why is this such a shock to you guys?  Like I said, this whole pump was the work of probably one or a few whales.  

Party's over, so he dumps.  Not a shock.

Not really, that's her X-Men stunt trainer that makes a shit ton of money.  Plus he has a great view. 

Hey Adam, remember when I said this just yesterday?  Yeah, it hasn't even been 4 weeks.  Try 24 hours.

Good thing you didn't take that bet.

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Lol.  You mean that Chinese exchange accounts couldn't possibly be owned by the same whale that own Stamp and Bitfinex accounts?

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

If the rally just started back up right now (4 days after the top), and buying volume suddenly increased out of the blue like what was seen in the last 6 weeks, and the price kept going beyond $500 to new highs, it would be a FIRST in the history of Bitcoin (and would break all long term patterns).  And it would also mean that some BIG reason/news was on the horizon, something only the insider traders know about 4-6 months in advance.  I kinda doubt we are at that place... at least not yet...

It's obvious by the total lack of volume (like that we saw prior to Nov 5th) and price volatility, as well as for the market to be held perfectly in a tight trading range.  There's only a few deep pocket players in this market right now, the rest are guppies waiting for price swings...

How much you wanna bet that we'll be at least $50 less within 4 weeks?