VB1001
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Merit: 2540
<<CypherPunkCat>>
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December 02, 2018, 06:50:15 PM |
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Good morning guys.
Looks like a quiet Sunday is developing as Bulls and Bears pause to regain strength after a mild Saturday trading session. I would even go so far as to say there might be a buy the dip opportunity but I am remaining cautious of how much of a rebound we will see. With somewhat positive news coming from the G20 summit in Argentina about a 90 day calming period over US/China trade sanctions I believe legacy markets will see a recovery this coming week. This could lead to increased speculation which will bring volatility back in to play.
The same resistance/support area's are still $4.220k/$3.772k Breaking thru either direction is going to take some work and will bring a clearer signal to the market.
Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself? By that logic we would've been in a bull market since 6k. So no, I don't think closing around this level is necessarily bullish. We've also been descending for the past few days since the last high (~4400) and 2h/4h/6h/12h charts look bearish more than anything. Can see either another drop, or a reversal that could be followed by either another drop or the beginning of the next bull market. In either case, a lot of people are going to get rekt trying to trade this. Yes, everyone is waiting for this market situation, it is a bit risky but if we stay above 4000$ it could go up to 5000$ and then go back to 3500$ (they will open many shorts) This is what the market expects... (Sorry I'm a rookie I can not put a picture)
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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December 02, 2018, 06:52:56 PM |
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Riccardo "fluffypony" Spagni, luigi1111, NoodleDoodle, smooth, tacotime, Franciso "ArticMine" Cabañas, othe, [Keyser Söze] /jk
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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December 02, 2018, 06:53:03 PM |
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Good morning guys.
Looks like a quiet Sunday is developing as Bulls and Bears pause to regain strength after a mild Saturday trading session. I would even go so far as to say there might be a buy the dip opportunity but I am remaining cautious of how much of a rebound we will see. With somewhat positive news coming from the G20 summit in Argentina about a 90 day calming period over US/China trade sanctions I believe legacy markets will see a recovery this coming week. This could lead to increased speculation which will bring volatility back in to play.
The same resistance/support area's are still $4.220k/$3.772k Breaking thru either direction is going to take some work and will bring a clearer signal to the market.
Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself? By that logic we would've been in a bull market since 6k. So no, I don't think closing around this level is necessarily bullish. We've also been descending for the past few days since the last high (~4400) and 2h/4h/6h/12h charts look bearish more than anything. Can see either another drop, or a reversal that could be followed by either another drop or the beginning of the next bull market. In either case, a lot of people are going to get rekt trying to trade this. It makes sense. I am not trying to trade this since what I do is mostly scalping and currently I think that the price is not going to stay at this range for long. I am inclined to think it could break up in a few hours (after weekly close) but it could perfectly go down as you say.... Not going to trade that... not yet. I am almost 100% in anyways.
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 02, 2018, 06:53:27 PM |
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Volume is declining on all time scales. Probably volatility too.
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Last of the V8s
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Be a bank
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December 02, 2018, 07:05:08 PM |
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(Sorry I'm a rookie I can not put a picture)
Post a link. If it's not too riddled with malware, someone might quote it for you.
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Toxic2040
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Merit: 4141
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December 02, 2018, 07:05:45 PM |
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Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself?
Yes I do. I believe we experienced the bottom over the last couple of weeks and further more think sub $5k corn is ridiculous..but we will see. I think break even for most miner's is around $6.8k and that does not leave a lot of meat on the bone. Add 10 to 20 percent for slippage and your looking at a fair market value of somewhere between $7.5k and $10k.. At least in my mind that is where we should be, time will tell if the market agree's. W
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 02, 2018, 07:16:05 PM |
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Wekkel
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yes
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December 02, 2018, 07:16:21 PM |
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Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself?
Yes I do. [...] A reversal from here - a real reversal - could be mean and with 'mean' I mean towards $8,000+
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maser82
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December 02, 2018, 07:16:38 PM |
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Mtgox will refund (partially) their customers in 2019? Yes, looks like it will happen finally. But... going live again? What do you mean? I mean maybe they will not go "live" but they will not be in bankruptcy state anymore. In any case it looks like it will be a huge injection of bitcoins to the marked and a very good opportunity to buy cheap
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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December 02, 2018, 07:18:11 PM |
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Imaginary, valueless tokens are impossible to act as collateral for anything.
All those digital blips of trillions in fiat currencies, digital assets, and stock shares in databases around the world would disagree with you. They don't disagree with me, they're in a non-linear, exponentially increasing default curve to wipe out all imaginary "assets".
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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December 02, 2018, 07:25:52 PM |
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Mtgox will refund (partially) their customers in 2019? Yes, looks like it will happen finally. But... going live again? What do you mean? I mean maybe they will not go "live" but they will not be in bankruptcy state anymore. In any case it looks like it will be a huge injection of bitcoins to the marked and a very good opportunity to buy cheap Yes, as they have managed to "recover" (by selling BTC) enough funds to exit the bankruptcy state, they now go into civil rehabilitation. About the huge injection of bitcoins.... Maybe... If we take into account that Kobayashi already sold enough Bitcoins to cover all creditor's claims (FIAT + $450 BTC valuation) it is possible we don't see any major selloff after the distribution. I was very pissed when Kobayashi sold the Bitcoins..... in hindsight, he did very well. I have asked to receive my share in BTC, but if I receive it in FIAT or part FIAT part BTC, I will use the FIAT to buy more BTC. Probably I am not the only one doing that...
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BTCMILLIONAIRE
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December 02, 2018, 07:27:58 PM |
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I'm not even going to be surprised when the very same "managers" end up starting another fund in a few months from now rather than having their reputation annihilated and becoming obsolete to anyone and everyone.
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realr0ach
Sr. Member
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#TheGoyimKnow
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December 02, 2018, 07:34:45 PM |
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VB1001
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Activity: 938
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<<CypherPunkCat>>
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December 02, 2018, 07:44:13 PM |
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(Sorry I'm a rookie I can not put a picture)
Post a link. If it's not too riddled with malware, someone might quote it for you. Ok, this is the link if someone wants to insert it would be fine. https://i.imgur.com/o77Vo32.jpgThank you !!!
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Last of the V8s
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Be a bank
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December 02, 2018, 07:48:15 PM |
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(Sorry I'm a rookie I can not put a picture)
Post a link. If it's not too riddled with malware, someone might quote it for you. Ok, this is the link if someone wants to insert it would be fine. Thank you !!! cool. Tickled up your bbcode.
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Last of the V8s
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Be a bank
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December 02, 2018, 08:19:47 PM |
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infofront (OP)
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Shitcoin Minimalist
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December 02, 2018, 08:20:36 PM |
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The most important question of our generation.
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BinaryReign
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BTC HODLer
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December 02, 2018, 08:35:28 PM |
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Deeyoh
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December 02, 2018, 08:35:43 PM |
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Yeah, spoofy has been there all day with 1000 BTC buy orders and 200 to 400 btc sell orders.
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