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Dakustaking76
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June 18, 2017, 08:09:21 AM |
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damn its sinking like a ship
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r0ach
Legendary
 Offline
Activity: 1260
Merit: 1000
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June 18, 2017, 08:15:13 AM |
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Place your bets on the bitcoin head and shoulders:  *Although if anyone actually bothered to short it, they would just get squeezed and price would go higher because nothing about this market is actually real, it just goes wherever there is someone to squeeze. |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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June 18, 2017, 08:16:18 AM |
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damn its sinking like a ship
Many people want cheap bitcoins and will try to shake the weak hands. |
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fluidjax
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June 18, 2017, 08:17:46 AM |
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Place your bets on the bitcoin head and shoulders: Perhaps someone else will join in on the second dump. |
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Dakustaking76
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June 18, 2017, 08:18:01 AM |
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What is this roach saying head And shoulder?? Second person posting that
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andyatcrux
Legendary
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Activity: 938
Merit: 1000
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June 18, 2017, 08:18:42 AM |
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damn its sinking like a ship
Many people want cheap bitcoins and will try to shake the weak hands. They often try to get people margin called on their longs too, to further push it down. A bunch of liquidations occurred about 10 minutes ago. May be time to go up again. |
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jaberwock
Legendary
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Activity: 2744
Merit: 1127
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June 18, 2017, 08:19:09 AM |
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I noticed this recent down move started in China.
Are there any news from China? Will they allow or disable withdraws? Will PBOC ban BTC again?
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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June 18, 2017, 08:20:52 AM |
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They often try to get people margin called on their longs too, to further push it down. A bunch of liquidations occurred about 10 minutes ago. May be time to go up again.
There is no bitcoin market. Every single move from $200 to $800 (besides some halving element) was entirely a short squeeze. The market didn't move an inch unless there was someone to squeeze. Only recently has that paradigm changed somewhat, but it will probably fall back into that old state again where the price only goes in a direction in which a manipulator can fuck over someone. |
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Ted E. Bare
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June 18, 2017, 08:21:18 AM |
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Last time r0ach was talking about a bearish head and shoulders bitcoin went from $1100 to $3000.
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Dakustaking76
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June 18, 2017, 08:26:06 AM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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June 18, 2017, 08:29:48 AM
Last edit: June 18, 2017, 08:43:53 AM by mymenace |
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Hi everyone,
I want to ask something...
I am trying to understand And analyse the charts/price of bitcoin.
Sure i Did more research And watch all day the charts for my own.
Reading many topics for speculations what others also try to understand bitcoin.
But what i Dont understand is.. the price swings like now whats happening on (kraken).
We have a natural growth what Goes up, Ofcourse i understand also that this is bitcoin.
Many told me that this price going up And down like 1% - 15% on a price around €2400 is normal.
Yes Ofcourse its manupilation by big investers, But How is iT possible that iT can decline in 5 minutes
So much € if its growing natural in price.
Someone who can explain with details please beceause i want to understand And
Correct me if i am wrong Ofcourse i want to learn about bitcoin.
Thank you for aswering about what i said.
margins and volume at the moment not enough want to sell below recent high and not enough want to buy above recent low(dump), what you end up with is big margins so when someone wants to dump a lot they have to dump very low, when someone wants to buy alot they have to buy very high hence the big swings, often occurs after a big drop bear comes in and dumps on the market |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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June 18, 2017, 08:32:16 AM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
Business as usual in bitcoin land. If everything on the charts turned red then it's time to buy. |
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mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
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June 18, 2017, 08:41:12 AM |
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beware the drop bears they make everything go red    |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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June 18, 2017, 08:44:39 AM
Last edit: June 18, 2017, 09:08:00 AM by r0ach |
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Last time r0ach was talking about a bearish head and shoulders bitcoin went from $1100 to $3000.
Nah, I said the chart looked bearish and then Scamfinex turned off withdrawals, forcing all sellers to become buyers while also squeezing every short in existence, which artifically pumped the market higher. Then people saw that rise and thought the cup and handle pattern was in play and just kept pumping it higher. It was pretty much the perfect storm of Finex manipulation that was not based on any type of fundamentals or news or anything. It's much harder to repeat such pumps when the transaction fees are out of control though. I imagined bitcoin growth would slow down tremendously once transaction fees got to around $2 and excess traffic would leave with Litecoin being the main beneficiary, so with current bitcoin fees spiking to the moon and some exchanges charging $7 transaction fees, that's what is happening. |
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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June 18, 2017, 09:09:12 AM |
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Last time r0ach was talking about a bearish head and shoulders bitcoin went from $1100 to $3000.
Nah, I said the chart looked bearish and then Scamfinex turned off withdrawals, forcing all sellers to become buyers while also squeezing every short in existence, which artifically pumped the market higher. Then people saw that rise and thought the cup and handle pattern was in play and just kept pumping it higher. It was pretty much the perfect storm of Finex manipulation that was not based on any type of fundamentals or news or anything. It's much harder to repeat such pumps when the transaction fees are out of control though. I imagined bitcoin growth would slow down tremendously once transaction fees got to around $2 and excess traffic would leave with Litecoin being the main beneficiary, so with current bitcoin fees spiking to the moon and some exchanges charging $7 transaction fees, that's what is happening. Hu? Then go for Satoshis, they are hell of cheap!  |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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June 18, 2017, 09:50:59 AM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
A dip in the upwards trend. This is good. Take advantage of it if you can and buy some corn! So nothing you need to worry about. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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June 18, 2017, 10:10:45 AM |
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Buy those dips, y'all. Baby need shoes!
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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June 18, 2017, 10:27:18 AM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
A dip in the upwards trend. This is good. Take advantage of it if you can and buy some corn! So nothing you need to worry about I usually buy corn when I buy the dip. |
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1465
Clueless!
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June 18, 2017, 11:40:50 AM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
A dip in the upwards trend. This is good. Take advantage of it if you can and buy some corn! So nothing you need to worry about I usually buy corn when I buy the dip. I just sold some BTC to pay mining bills. Whenever I do so btc pumps up. (your welcome) It's how my life works..just gonna go with it for kudos |
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DieJohnny
Legendary
Offline
Activity: 1639
Merit: 1006
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June 18, 2017, 12:41:47 PM |
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
A dip in the upwards trend. This is good. Take advantage of it if you can and buy some corn! So nothing you need to worry about I usually buy corn when I buy the dip. I just sold some BTC to pay mining bills. Whenever I do so btc pumps up. (your welcome) It's how my life works..just gonna go with it for kudos I have been there so many times, stay the course, have a system, save what you can |
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