Majormax
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May 11, 2019, 11:07:15 PM Last edit: May 11, 2019, 11:21:59 PM by Majormax |
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7300$  Any predictions where the price will stop growing?  Investors will fall to the FOMO soon. No, but a pullback to 6200 would be very likely in the medium term, in order to test support. That gives a 15% edge from here, to increase a traders stash. Of course could go higher than $7300, but the low 6k's will need a test of some kind, sometime. A quick look at the chart shows how much work was done with 6k as a base. This run is in a very short timeframe.
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spiderbrain
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May 11, 2019, 11:07:21 PM |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price. Maybe the big holders don’t want to sell Big holders made plenty at the last peak, unless they are idiots. This is rising too fast, though, I doubt it will last. Maybe a cup and handle after a bounce off $20k?
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bitserve
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May 11, 2019, 11:08:02 PM |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
That makes sense. A lot.
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Last of the V8s
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Be a bank
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May 11, 2019, 11:12:14 PM |
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omfgwtaflolbbq!!!11
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fragout
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May 11, 2019, 11:12:56 PM |
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And Alts are showing better gains than BTC. Strange days indeed
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Agapios
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May 11, 2019, 11:16:17 PM |
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And Alts are showing better gains than BTC. Strange days indeed
I think on some 1st larger drop ALTS are gona lose that gain and drop more, and BTC will get again even bigger piece of cake Thats at least what i am seing since btc reached 4k and went up
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Last of the V8s
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May 11, 2019, 11:19:19 PM |
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More to it than that. Big cap alts catching up with btc while it draws back for 15 mins.
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UnDerDoG81
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May 11, 2019, 11:21:10 PM |
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I think we are still in disbelief. I dont think this is a real rally. Hope otherwise of course.
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becoin
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May 11, 2019, 11:23:44 PM Merited by JayJuanGee (1) |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
That makes sense. A lot. Nope. This can only be caused by triggered stop loss orders. Large institutional stop loss orders! They have managed to depress price for one year by creating additional bitcoin "liquidity" to "tame bitcoin". Now those fools are paying for their stupid games. Soon they'll ask Fed to print more $$$ to bail them out of their bitcoin naked shorting adventure!
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Toxic2040
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May 11, 2019, 11:24:38 PM |
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1 minute chart engaged look at those $100+ candles   #stronghands
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STT
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May 11, 2019, 11:25:42 PM |
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If even we have gotten surprised by the strenght of this rally I can't even dare to think in which state of negation the shorters must be now.
Shorts and the forced close of those shorts (leveraged) are effectively giving us more new buyers at the highs which is making the rally easier to progress. Shorts are always a powerful force because they only exist within a trade not as part of the fundamentals to Bitcoin I'am surprised at the price moving so quickly through 6000 because history should have alot of old holders here, some of which will sell either manually or just through orders left on the books. Theres definitely going to be holders waiting to sell here so it must be a fair amount of volume in total buying to be passing through at speed. Only story I saw especially today was a big hedge fund manager stating a high target for BTC https://cryptoinsider.com/400000-bitcoin-btc-price-predicted-by-prominent-hedge-fund-manager/
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bitserve
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May 11, 2019, 11:26:03 PM |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
That makes sense. A lot. Nope. This can only be caused by triggered stop loss orders. Large institutional stop loss orders! They have managed to depress price for one year by creating additional bitcoin "liquidity" to "tame bitcoin". Now those fools are paying for their stupid games. Triggering stop losses is obviously the multiplication factor... but someone had to start pushing upwards and keep buying to trigger them in first instance. Maybe just a combination of factors....
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UnDerDoG81
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May 11, 2019, 11:28:57 PM |
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1 minute chart engaged look at those $100+ candles   #stronghands What site is that? Bitcoinwisdom is death and this looks similar.
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Last of the V8s
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May 11, 2019, 11:31:47 PM |
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that's tradingview have you tried bitcoinwisdom.io? or cryptowat.ch
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Lambie Slayer
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May 11, 2019, 11:34:30 PM |
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Still waiting SEC - 16 mayVanEck SolidX Bitcoin Trust - 21 mayThis might be your news Lambie (thanks Roman!) They usually announce the delay for these ETFs a few days early. SEC insiders buying to dump tomorrow night...? So VanEck SolidX gets approval Monday  20K by July 4th if so.
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El duderino_
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BTC + Crossfit, living life.
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May 11, 2019, 11:37:31 PM |
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via Imgflip Meme Generator7k+ Mic back on the lose !!!!!!!! Party continues bear or Bull market, but more pleasure during Bull moments
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Ibian
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May 11, 2019, 11:37:45 PM |
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Apparently the old guard doesn't understand what physical scarcity actually means in terms of their old strategies. Is supply and demand really such a hard concept to grasp?
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El duderino_
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BTC + Crossfit, living life.
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May 11, 2019, 11:38:10 PM |
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Cheers my true BTC brothers
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Biodom
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May 11, 2019, 11:39:33 PM |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
This is just a dumb ass nocoiner (ignoramus) behavior. When institution is buying from, say, Coinbase, prior history is of little (or no) concern since it is all going to a pool, from which Coinbase gives you your btc. But, if they want to overpay, this is on them.
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UnDerDoG81
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May 11, 2019, 11:39:55 PM |
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have you tried bitcoinwisdom.io?
Did not knew they moved the site. Thats good to know, thanks!
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