Rosewater Foundation
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March 09, 2018, 03:56:39 AM |
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Trends mean as much as my ass does with Kobayashi on the loose. NB. My ass means nothing
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dmwardjr
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March 09, 2018, 03:59:47 AM |
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Trends mean as much as my ass does with Kobayashi on the loose. NB. My ass means nothing
Well, with him advertising what he has to sell, I'm sure there are plenty of multi-millionaires out there who would love to chew him a new ass by gobbling up those coins.
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JayJuanGee
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March 09, 2018, 04:03:08 AM |
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3 day candle chart on bitcoinwisdom shows a close enough double top https://en.wikipedia.org/wiki/Double_top_and_double_bottomThe time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume. current trend is bullish both technical and fundamental very close tops good chance to buy Agreed... I don't know what to think. I did spend part of today restructuring several of my BTC buy orders in seemingly realistic possible ways between $8700 and $3,500, just in case. My BTC sell orders are largely in place - and they go up to what feels like embarrassingly high levels that are NOT likely to fill any time soon - even though they had seemed like they were with a range of decently probable in mid-December... now those sell orders are all just dangling up there, reminding me in a kind of "stratospheric" area.
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mymenace
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March 09, 2018, 04:04:32 AM |
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3 day candle chart on bitcoinwisdom shows a close enough double top https://en.wikipedia.org/wiki/Double_top_and_double_bottomThe time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume. current trend is bullish both technical and fundamental very close tops good chance to buy Agreed... I don't know what to think. I did spend part of today restructuring several of my BTC buy orders in seemingly realistic possible ways between $8700 and $3,500, just in case. My BTC sell orders are largely in place - and they go up to what feels like embarrassingly high levels that are NOT likely to fill any time soon - even though they had seemed like they were with a range of decently probable in mid-December... now those sell orders are all just dangling up there, reminding me in a kind of "stratospheric" area. same feeling from about price point $6000USD (and got it back their to rebuy) seems like someone else took over the markets both fud and btc volume, 5 sides from what i can tell , bcash, mining, media, legislation, hacks testing control and moving up and down opportunity if you can get it, $2000 swings Belief the train has left the station Belief the technology is on a rocket to the moon Belief there are no more stations, all aboard Then why the stoppage?
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Rosewater Foundation
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March 09, 2018, 04:06:20 AM |
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Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??
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mymenace
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March 09, 2018, 04:08:47 AM |
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Trading cryptos is as addictive as gambling. When I break my rule of not trading on bear markets, then I get burned. During the rule of Karhu, one must be humble and without greed. Karhu will bless those who will stay in fiat and keep out of crypto during these times. Predictability is too low and the odds unfavorable for success. There are rumors that 'Binance hack' was just a diversion. Something that sounded alarming enough to justify the selling volume, and something that was weak enough for regular Joes to keep up their bids to catch the "panic sellers". Usually, during bull markets the weekdays are good and the weekends are bad. During bear markets, it's usually the opposite. So, there is a good chance that the price will recover a little in the next couple of days, but it still is a risky gamble, because bear markets have the tendency steer in the direction that will be surprising to the majority.
The main thing that gives bitcoin value is belief. Belief has to pay for about 5 billion dollars per year for electricity and hardware to run a payment network with 5 million users. That is a lot of weight on belief and belief can only do so much. Unnecessarily expensive and outdated systems like BTC PoW mining are dragging this market down.
from about price point $6000USD seems like someone else took over the markets both fud and btc volume, 5 sides from what i can tell , bcash, mining, media, legislation, hacks testing control and moving up and down opportunity if you can get it, $2000 swings Belief the train has left the station Belief the technology is on a rocket to the moon Belief there are no more stations, all aboard Then why the stoppage? fib chart perfect each bottom hey ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVCwZRrQ.png&t=665&c=I-Slr37xHNVDSQ) yes the mtgox sell off over 164000btc we hearin and seein it
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explorer
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March 09, 2018, 04:10:38 AM |
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Another wannabe trader thinks he can analyse patterns, trends and support/resistance on the 5 minute chart. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.amazonaws.com%2Ftradingview%2Fsnapshots%2Fo%2FOAUoxlxG.png&t=665&c=S9uJAPTqKpOJUA) Sigh. via Imgflip Meme Generator
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JayJuanGee
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March 09, 2018, 04:12:09 AM |
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Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??
That is not true. It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market. BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.
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Bitcoinaire
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March 09, 2018, 04:16:45 AM |
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I should've sold more in January.....
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bones261
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March 09, 2018, 04:19:26 AM |
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Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??
That is not true. It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market. BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell. According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while.
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HairyMaclairy
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March 09, 2018, 04:20:42 AM |
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How is it that no one has figured out that Kobayashi is actually Keyser Soze?
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mymenace
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March 09, 2018, 04:21:38 AM |
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Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??
That is not true. It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market. BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell. According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while. listen to the universe and the report he wants top value for the coin buy the dip $2000 swings easy sideways action have fun
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HairyMaclairy
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March 09, 2018, 04:29:53 AM |
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Hindsight being what it is, I knew I should have listened to my gut and sold a chunk at $11.5k the other day ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Fuck. Oh well. I have no idea why the Dumposaurus Rex is chasing everyone down this evening. Chill out a few more years and be a billionaire instead. And have women from Town & Country magazine scoping you out, which seems to be some American version of Tatler. Crypto at the gates indeed.
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dakiller
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March 09, 2018, 04:31:54 AM |
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jojo69
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March 09, 2018, 04:32:44 AM |
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oversold up to the 4 hourly
imma ladder buy down from here
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JayJuanGee
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March 09, 2018, 04:40:06 AM |
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[edited out]
same feeling from about price point $6000USD (and got it back their to rebuy) seems like someone else took over the markets Yeah a lot of sudden downward movement in a very short period of time. I believe that we still likely have decent buying support at $8k and $7,500; however I suspect that there would not be a lot of buying support between about $5k and $7,500 - in the event that support does not hold in the lower $8k or the mid $7ks. In other words, I have decent doubts that $6k would hold another time once we start to get back into the $6k price territory, if such were to happen. both fud and btc volume,
Of course, we cannot be surprised by large price drops FUD spreading because this is bitcoin. 5 sides from what i can tell , bcash, mining, media, legislation, hacks
Bcash seems to be yesterdays news and losing influence. But there are at least a few areas besides merely taking advantage of momentum.. testing control and moving up and down
opportunity if you can get it, $2000 swings
I am a bit too chicken shit to wait for $2k increments to buy back in, so I buy back in tighter increments around $350, these days. Belief the train has left the station Belief the technology is on a rocket to the moon Belief there are no more stations, all aboard
Then why the stoppage?
This may be a shaking of the ICO and altcoin parasites as Marcus Augustus mentioned a few weeks ago. There may be a more decent market incentive to shake some the altcoin and ICO trash.
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babanana
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March 09, 2018, 04:42:52 AM |
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My first bag already full. Few more bags waiting below. What caused this drop? Gox? There's not much fud unlike the week when it drops from 20k to 11k. I thought we're already on smooth sailing from last week's bull.
Bitcoin is really full of surprises!
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JayJuanGee
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March 09, 2018, 04:43:38 AM |
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BTC can easily absorb 160k coins
Wat?? That's right. You heard it here first. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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mymenace
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March 09, 2018, 04:44:10 AM |
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Belief the train has left the station Belief the technology is on a rocket to the moon Belief there are no more stations, all aboard
Then why the stoppage?
This may be a shaking of the ICO and altcoin parasites as Marcus Augustus mentioned a few weeks ago. There may be a more decent market incentive to shake some the altcoin and ICO trash. Sounds good, good for bitcoin
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