Analysis

[exstasie]

https://www.tradingview.com/chart/BTCUSD/Ybv5PkjN-Almost-at-resistance/

I wonder why he charted Bitfinex, now of all times. I agree with him but if Bitfinex reverses at the triangle apex, the rest of the market will reverse much earlier as there is a $300 disparity right now. Bitfinex is already in his reversal zone.

Maybe we'll tag $6K on Stamp and Coinbase and that'll be it.

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[prophetx]

https://www.tradingview.com/chart/BTCUSD/Ybv5PkjN-Almost-at-resistance/

I wonder why he charted Bitfinex, now of all times. I agree with him but if Bitfinex reverses at the triangle apex, the rest of the market will reverse much earlier as there is a $300 disparity right now. Bitfinex is already in his reversal zone.

Maybe we'll tag $6K on Stamp and Coinbase and that'll be it.

looks like we are about to find out soon what will happen.  personally i think it needs to head more north, time will tell.

[adaseb]

I agree with his analysis however everybody knows that ~$6000 is a major resistance area. And usually when the general retail market knows something and they are trading on that, it usually ends up doing the opposite.

Sure its possible it might hit $6000 and go straight down. However I think we will need to get some double or triple top for confirmation.

I wouldn't be surprised if there would be a bull and bear trap in there somewhere. Basically breaking the $6000 ahead, heading to almost $7000, causing a huge short squeeze and bull trap and then falling again towards the $4K-$5K area.

Only time will tell.

[figmentofmyass]

I agree with his analysis however everybody knows that ~$6000 is a major resistance area. And usually when the general retail market knows something and they are trading on that, it usually ends up doing the opposite.

Sure its possible it might hit $6000 and go straight down. However I think we will need to get some double or triple top for confirmation.

I wouldn't be surprised if there would be a bull and bear trap in there somewhere. Basically breaking the $6000 ahead, heading to almost $7000, causing a huge short squeeze and bull trap and then falling again towards the $4K-$5K area.

Only time will tell.

good point. my experience is usually the price either overshoots or undershoots major levels since the market sees it coming. the chart doesn't look toppy yet so i'm inclined to agree that a squeeze beyond $6k is possible. breaking above $6k will cause many to proclaim a new bull market when in fact it'll probably precede a huge correction to the $4ks or maybe even lower.

[Millionero]

Bitfinex xbt price differs from other exchanges mostly because you can't arb it in direct fiat.  Arbing through usdt and usdc doesn't work because of disadvantageous exchange rates.

[prophetx]

I agree with his analysis however everybody knows that ~$6000 is a major resistance area. And usually when the general retail market knows something and they are trading on that, it usually ends up doing the opposite.

Sure its possible it might hit $6000 and go straight down. However I think we will need to get some double or triple top for confirmation.

I wouldn't be surprised if there would be a bull and bear trap in there somewhere. Basically breaking the $6000 ahead, heading to almost $7000, causing a huge short squeeze and bull trap and then falling again towards the $4K-$5K area.

Only time will tell.

good point. my experience is usually the price either overshoots or undershoots major levels since the market sees it coming. the chart doesn't look toppy yet so i'm inclined to agree that a squeeze beyond $6k is possible. breaking above $6k will cause many to proclaim a new bull market when in fact it'll probably precede a huge correction to the $4ks or maybe even lower.

The 1st bear fib level is at around 7400 and the next around 10k, it already broke the 200 dma I would super surprised if we got another opportunity to buy at $4000... it’s like when it dipped to the $200s and then went back up once it crossed $400 it never saw $200s ever again. Wishful thinking which then results in fomo later when people miss the train...

[dmwardjr]

Litecoin Block Halving Event Will have us Stair-Stepping Up till around the second week of July in my opinion.  My indicators have us reaching peak exhaustion in the 2-Week Time Frame on the 2-Week Candle beginning July 8, 2019.
https://bitcointalk.org/index.php?topic=5140701.new#new

NEW VIDEO Publication titled, "Follow Up Explanation WHY Upward Pressure To This Weekend." See additional charts and comments in the comments section.  https://www.tradingview.com/chart/BTCUSD/DBnESTh9-Follow-Up-Explanation-WHY-Upward-Pressure-To-This-Weekend/

20 Minute Video Publication posted yesterday:  https://www.tradingview.com/chart/BTCUSD/ydOQmsfF-2012-REPEAT-in-My-Opinion-till-7-820-or-9-222-to-New-High/

[Tzupy]

I agree with his analysis however everybody knows that ~$6000 is a major resistance area. And usually when the general retail market knows something and they are trading on that, it usually ends up doing the opposite.

Sure its possible it might hit $6000 and go straight down. However I think we will need to get some double or triple top for confirmation.

I wouldn't be surprised if there would be a bull and bear trap in there somewhere. Basically breaking the $6000 ahead, heading to almost $7000, causing a huge short squeeze and bull trap and then falling again towards the $4K-$5K area.

Only time will tell.

good point. my experience is usually the price either overshoots or undershoots major levels since the market sees it coming. the chart doesn't look toppy yet so i'm inclined to agree that a squeeze beyond $6k is possible. breaking above $6k will cause many to proclaim a new bull market when in fact it'll probably precede a huge correction to the $4ks or maybe even lower.

I believe the market is running out of steam, and looking for a correction, possibly an ABC. I plan to buy back around 4.5k$, since I doubt it will go much lower.

[windjc]

I agree with his analysis however everybody knows that ~$6000 is a major resistance area. And usually when the general retail market knows something and they are trading on that, it usually ends up doing the opposite.

Sure its possible it might hit $6000 and go straight down. However I think we will need to get some double or triple top for confirmation.

I wouldn't be surprised if there would be a bull and bear trap in there somewhere. Basically breaking the $6000 ahead, heading to almost $7000, causing a huge short squeeze and bull trap and then falling again towards the $4K-$5K area.

Only time will tell.

good point. my experience is usually the price either overshoots or undershoots major levels since the market sees it coming. the chart doesn't look toppy yet so i'm inclined to agree that a squeeze beyond $6k is possible. breaking above $6k will cause many to proclaim a new bull market when in fact it'll probably precede a huge correction to the $4ks or maybe even lower.

I believe the market is running out of steam, and looking for a correction, possibly an ABC. I plan to buy back around 4.5k$, since I doubt it will go much lower.

Yeah, you and EVERYBODY else. The only way this gets anywhere close to 4.5k is if we fomo from here. Otherwise you'll be lucky to get to 5k.

[marcus_of_augustus]

If you weren't buying under 6k or 5k or 4k then wtf? paralysis by analysis?

[JayJuanGee]

If you weren't buying under 6k or 5k or 4k then wtf? paralysis by analysis?

Waiting to find out what "what's his name" is going to say.

If he says it is going up, then buy.  If he says it is going down, then either sell or wait to buy. 

[Toxic2040]

If you weren't buying under 6k or 5k or 4k then wtf? paralysis by analysis?

Waiting to find out what "what's his name" is going to say.

If he says it is going up, then buy.  If he says it is going down, then either sell or wait to buy. 

pussy.


fuck off and #dyor jjg.



 

[JayJuanGee]

If you weren't buying under 6k or 5k or 4k then wtf? paralysis by analysis?

Waiting to find out what "what's his name" is going to say.

If he says it is going up, then buy.  If he says it is going down, then either sell or wait to buy. 

pussy.


fuck off and #dyor jjg.



 

Nope.....

I am going to wait for "what's his name" to tell me what to do. 

 

[Wind_FURY]

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

[dmwardjr]

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance.  In fact, they would receive additional assistance without having to spend as much capital.

[figmentofmyass]

The only way this gets anywhere close to 4.5k is if we fomo from here. Otherwise you'll be lucky to get to 5k.

we just pumped $525 and counting in the last 6 hours. does that count as fomo?

looks like we're steamrolling right through the apex masterluc pointed out. i'm surprised at the lack of volume/resistance. it looks like there is zero supply in the $6000s.

where does the squeeze end?

[gentlemand]

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

I'm wondering this, though obviously it's gone past that point now. The premium is actually in the negative at present if you put their withdrawal fees on top.

It could be pondered that the previous bubble kicked off EXACTLY when Bitfinex lost their banking around the $1000 mark.

I know everything needs a catalyst but it would be nice if it were a more wholesome one.

[Ahab_Hunter_of_BearWhale]

[Wind_FURY]

I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".

What's the probability that that can be true?

And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance.  In fact, they would receive additional assistance without having to spend as much capital.

Then if Bitfinex has been drained by users "buying Bitcoin up to quickly withdraw", would the rally quickly reverse, or do the "composite groups" have control over the market by now?

Bitfinex's cold wallet address, https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

[TaurusBit]