BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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December 25, 2017, 09:37:03 AM |
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Looks like bitcoin is giving us our Christmas presents
Still seems sort of dumpy from this angle. |
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jbreher
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Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
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December 25, 2017, 09:38:28 AM |
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Merry Xmas, WO!
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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December 25, 2017, 09:40:00 AM |
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Merry Xmas, WO!
Deck all the halls!  |
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svdleer
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Activity: 112
Merit: 10
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December 25, 2017, 09:44:20 AM |
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For a moment it looked the price was increasing, but many new sell orders are inserted below the walls
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milkshock100
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Activity: 242
Merit: 14
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December 25, 2017, 09:44:50 AM |
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Looks like bitcoin is giving us our Christmas presents
Still seems sort of dumpy from this angle. Higher lows.... |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 25, 2017, 09:57:50 AM |
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milkshock100
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Activity: 242
Merit: 14
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December 25, 2017, 10:08:53 AM |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 25, 2017, 10:11:50 AM |
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It is being a little too aggressive about challenging that line. it might break and go to a different slower line i didnt I draw.
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milkshock100
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Activity: 242
Merit: 14
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December 25, 2017, 10:14:44 AM |
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It is being a little too aggressive about challenging that line. it might break and go to a different slower line i didnt I draw.
My view is the immediate danger has now passed. Any catastrophic collapse down to below 10k looks off the table completely. |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 25, 2017, 10:24:27 AM |
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My view is different. I think the daily chart looks pretty ugly compared to previous drops. The best case scenario is that it goes back up for a double top at 20k before the real crash. More realistically it only makes it to 16K.
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Wekkel
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Activity: 3122
Merit: 1538
yes
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December 25, 2017, 10:31:51 AM |
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My view is different. I think the daily chart looks pretty ugly compared to previous drops. The best case scenario is that it goes back up for a double top at 20k before the real crash. More realistically it only makes it to 16K.
I am also cautious. Usually, that is a contra-indicator  |
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HairyMaclairy
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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December 25, 2017, 10:33:33 AM |
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I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.
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milkshock100
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Activity: 242
Merit: 14
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December 25, 2017, 10:40:43 AM |
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I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.
We’ve been nowhere seriously near fridays nightmare since and that gives me confidence. |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 25, 2017, 10:43:19 AM |
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I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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December 25, 2017, 10:47:57 AM |
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I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.
We’ve been nowhere seriously near fridays nightmare since and that gives me confidence. Yes Friday was bad. I was mentally ready to go back to cryptowinter even though I knew at an intellectual level this is nothing like 2014. I still think the whales have got at least one good shake down in them before business restarts in January - probably two. If I had to place a bet I would go with a shakedown on 28 January with the Segwit 2X fork (it’s actually 4x but no one is counting at this point). I bet it doesn’t have replay protection so the trolls will make a big fuss about that. Block 501451. |
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orpington
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December 25, 2017, 11:10:57 AM |
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I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.
That doesn't make much sense. How so exactly? |
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milkshock100
Member
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Activity: 242
Merit: 14
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December 25, 2017, 11:12:08 AM |
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I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.
That doesn't make much sense. How so exactly? He wants to avoid the elephant in the room that doesn’t support his argument. FWIW he’s a good poster and I respect him but I think he’s running away from the Friday issue. And that is we took a beating on Friday but the market didn’t blink. |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 25, 2017, 11:14:41 AM |
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I was watching the tape and it was really wierd. Trades going off in intervals and long periods of virtually no volume, and that huge gap. Almost like gox getting ddosed.
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orpington
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December 25, 2017, 11:15:44 AM |
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I know its easy to pick on Finex but that sounds ridiculous.
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milkshock100
Member
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Activity: 242
Merit: 14
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December 25, 2017, 11:16:17 AM |
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I was watching the tape and it was really wierd. Trades going off in intervals and long periods of virtually no volume, and that huge gap. Almost like gox getting ddosed.
So you say. I think that was the market being tested. And the market kicked back harder. |
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