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Isnt a tether failure bullish for bitcoin? Kind of like a fiat failure?
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Whenever I hear a bunch of exuberant comments about trains etc I know a brutal bulltrap is coming
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Off topic... I just realized that I can merit myself? Didn't try but, it gives me the option and I assume it works. That's like Facebook allowing you to like your own posts. Of course I like my post I wrote it!
I didn't assume it worked, I tried it out, and I got an error. |
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On the contrary, I think coinbase price could be lower due the delays at Bitstamp and the relative speediness of Coinbase withdrawals, which would redirect sellers from Bitstamp to Coinbase.
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How did you draw that logarithmic line on your chart? Here is mine, which is already broken.
Draw the line in linear mode and then choose logarithmic mode - your line will curve. No. His line is curved on a linear chart, which means it was linear on a logarithmic chart, like mine. Im askling why he placed it there, which seems kind of arbitrary. |
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Holy crap! That is a bullish weekly pinbar if it closes like that in 24 hours!  How did you draw that logarithmic line on your chart? Here is mine, which is already broken.  I bet if there is a breakout it stays under that line as resistance. A false breakout that makes at best some kind of double top. |
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Oh god I'm imaging this horrible dystopic world where bitcoiners have taken all the power and they decide who lives. The world will become like the lord of the flies roaches. We need to stop this now. #shutitdown #stopskynet
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I dont see this coin on Poloniex
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TA Reasons:
-A single 2000% rise requires a spectacular correction based on the history of bitcoin TA
-Volume did not increase on the last wave up to 20K. Volume must keep increasing to maintain a trend.
-Some indicators on 1W have turned down
-blowout top
-the exponential line that was broken upwards at 8K failed to become support and was broken downwards
Fundamental reasons:
-Tax selling
-Possible insolvency at major exchanges
-Tether
-No more spectacular news to drive prices like the futures openings (which were a huge disappointment with tiny volume)
-Failure to resolve scalability issues
-Failure of lightning network
-Government action
-Competition
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no sometimes its welcome because not sleeping can literally kill you
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lightning isnt going to jeaprodize anyone who still chooses to use native bitcoin, it only affects lightning users, right?
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Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.
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The Q1 reversal is very common due to tax selling and we have no choice on the matter.
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I did my best trading before I learned about TA. I just looked at the L2 on btce and instinctively bought ltc (which followed btc) during a big crash right when it was turning around and then sold when the bounce started turning around, then rebought when that turnaround was turning around ,etc. I was imagining a ball bouncing around and whenever the ball got still I had to reverse my trade. I made 1000% in 2 weeks just doing this on my phone during lunch, while btc was crashing from 250 to 50. After learning about TA and looking at charts, my profits got 10-100 times slower.
The most useful thing to look at on a chart is volume. You know that lots of volume without much movement is a change in direction.
tip: TA works better during high volume on shorter timeframes, especially 5 and 15 minutes. TA is like the physics of settlement within a larger movement. If you go to larger timeframes then its more unpredictable and events are affecting the price more than TA. I like to make really short trades because theyre easier to predict and because time equals risk.
But what is risk? Now we have a unique conundrum pertaining just to trading bitcoin, using bitcoin exchanges, and being a bitcoin believer. Is risk holding btc or is it holding usd? IT depends whether you are in a bull market or a bear market and how much you trust your exchange.
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Depending on the time of day, the moon can be downwards.
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Some of them want to retire. Some of them made it big in altcoins, like me, and never intended to keep all of their net worth invested in btc. Some have to pay bills. Some have to pay 50% TAXES. Some of them want to make other investments during the bear market. Some of them are getting margin calls. That guy with 500btc only had 100btc worth on the exchange, and he mortgaged his house to get that.
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