spooderman
Legendary
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Activity: 1708
Merit: 1047
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May 02, 2017, 07:58:07 PM |
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bear trap over?
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BTCtrader71
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May 02, 2017, 08:01:00 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
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bitserve
Legendary
Offline
Activity: 1988
Merit: 1651
Self made HODLER ✓
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May 02, 2017, 08:01:36 PM |
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Who bought at the bottom?
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gentlemand
Legendary
Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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May 02, 2017, 08:02:46 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? |
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york780
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May 02, 2017, 08:12:54 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load... |
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monsanto
Legendary
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Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
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May 02, 2017, 08:15:56 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? Looks like there's still some margin longs left... https://www.bfxdata.com/positions/btcusdp.s. hope you don't mind my fork of your kittinger  |
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BTCtrader71
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May 02, 2017, 08:18:04 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load... I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells |
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gentlemand
Legendary
Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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May 02, 2017, 08:19:21 PM |
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I wonder what proportion of active traders have left there by now. If only they upped their communication there would be a lot more confidence despite their woes. And I feel my Kittinger is more ethereal, but at least neither of ours has a Red Bull logo. |
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york780
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May 02, 2017, 08:20:53 PM |
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I wonder what proportion of active traders have left there by now. If only they upped their communication there would be a lot more confidence despite their woes. And I feel my Kittinger is more ethereal, but at least neither of ours has a Red Bull logo. They will FOMO or left behind or lose everything at alts. Seems that FOMO is the best option for those noobs |
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BTCtrader71
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May 02, 2017, 08:22:36 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load... I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels. |
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bitserve
Legendary
Offline
Activity: 1988
Merit: 1651
Self made HODLER ✓
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May 02, 2017, 08:32:26 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load... I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels. Kraken wasn't that much affected because it is lagging/has lower price than Bitstamp. Same happens with BTC-e. So the dips are somewhat cushioned. Tomorrow will be the day euro deposits start to hit the exchanges. |
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Lauda
Legendary
Offline
Activity: 2674
Merit: 3004
Terminated.
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May 02, 2017, 09:23:52 PM |
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Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+? |
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Okurkabinladin
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May 02, 2017, 09:29:03 PM |
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bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters? It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load... I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels. It might just mean, that some exchanges are still waiting for their correction. We have seen the same thing couple of days before western exchanges broke old all time high. We should seek higher volume shake up before picking up steam again. |
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Paashaas
Legendary
Offline
Activity: 3814
Merit: 5423
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May 03, 2017, 02:00:22 AM
Last edit: May 03, 2017, 02:31:04 AM by Paashaas |
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Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+? Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's  Rumor is if Finex hits $1600 it will rocket to $2000 with all those shorts destroyed. Followed with a (weekend) dump to sub $1400 or $1300 is plausible. Edit: Finex at $1580   |
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yefi
Legendary
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Activity: 2842
Merit: 1513
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May 03, 2017, 02:36:31 AM |
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Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's  |
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DaRude
Legendary
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Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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May 03, 2017, 05:55:01 AM |
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Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's I like this one more over the previous version |
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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May 03, 2017, 06:19:32 AM |
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BTC market is annoyingly heavy and weak. The motivating bullrun that was meant for yesterday, turned out to be something embarrassing. Maybe it will get a small spike upwards today, but it seems more like the party is already over. Maybe something fun will happen with LTC and other retro-coins till the newer cryptos correct themselves. This is how I imagine the hardcore fanatics cheering on bitcoin at the moment:  |
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Karartma1
Legendary
Offline
Activity: 2310
Merit: 1425
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May 03, 2017, 06:21:32 AM |
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Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+? I asked for it a while ago Someone please update the Pac-Man Machine Gun Sky Climbing Bitcoin Price gif thanks thank you Lauda About projections: until I don't see the finex thing solved in one way or another I don't know what is going to happen and if we'll keep $1400. But it seems bitcoin is living is own life right now, no more worries about exchanges' problems |
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