Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes

[Darooghe]

That’s what the whale does. When people sell out of fear, he will buy the coin he is looking at a very cheap price. After that, he will look for a special time, to pump certain coin to steal market attention. So you need to follow the whale game. never fight with it, because you will lose. instead pay attention to the whale's movement and follow it, then you will be lucky, and don't forget to watch the price of bitcoin in December, usually the whale's movement will appear on that month.

[eaLiTy]

I was also surprised of the pump. I haven't expected it to happen sooner than I think. What do you think caused such increase in price?

I strongly believe that the future contracts is the reason behind these rallies in both direction and it is one of the biggest rallies we have seen in BTCitcoin in a really long time. The reason i say that the future contracts has something to do with the rally is because there was a record trading volume in Bakkt BTCitcoin futures, so all the analyst who predicted the bearish trend once again got fooled by the rally .

[buwaytress]

I went to bed thinking almost 20% gain was simply unheard of in any other digital asset, and noted how quickly bearish sentiment pervading the space could so quickly turn a corner over an hour's worth of gains that wiped out 2 consecutive slips.

And then, imagine waking up and seeing that I actually missed the monthly high above $10k!

Crazy days ahead.

[trumpman]

The pump yesterday took me by a surprise, I was expecting btc too fall more. Still, no complains here:) Honestly since I am for the long term game I don't care much about the price atm. I just wish a new alt season begins sometime soon, I have lots of heavy bags to unload that I wish I hadn't hodled all this time 😂

[shoreno]

The pump yesterday took me by a surprise, I was expecting btc too fall more. Still, no complains here:) Honestly since I am for the long term game I don't care much about the price atm. I just wish a new alt season begins sometime soon, I have lots of heavy bags to unload that I wish I hadn't hodled all this time 😂

of course who on earth wont be surprise for that unexpected rise ? it dump hard of kinda long time but it recovered fast in just a few hour or a day  and as usual people still complaints but complain in a good manner   .  long term or short term , price is still important for you because price is the one that should  be monitored the most  . you never know what if btc continous pumped up ?  if your not cheking it maybe youl missed your target goals  . alts will surely follow up once btc reach that state  .

[Lanatsa]

The pump yesterday took me by a surprise, I was expecting btc too fall more. Still, no complains here:) Honestly since I am for the long term game I don't care much about the price atm. I just wish a new alt season begins sometime soon, I have lots of heavy bags to unload that I wish I hadn't hodled all this time 😂

of course who on earth wont be surprise for that unexpected rise ? it dump hard of kinda long time but it recovered fast in just a few hour or a day  and as usual people still complaints but complain in a good manner   .  long term or short term , price is still important for you because price is the one that should  be monitored the most  . you never know what if btc continous pumped up ?  if your not cheking it maybe youl missed your target goals  . alts will surely follow up once btc reach that state  .

Alts doesn't follow most of the time when bitcoins price tends to plummet once again.Its just normal to see that there are people which are
too negative thinkers even the price is rising.They do talk about price manipulation or a bubble.When the price do good deep in reds they do
say its almost dying and we should get rid of it.You wouldn't know if those words are just strategic to create fud or simply just being too negative.

[BADecker]

All the bouncing up and down is simply being done by those who hold a lot of Bitcoin, to stabilize the price. Once the price becomes stable, Bitcoin will be able to be used in society as a currency. Then the big holders will become filthy rich beyond their wildest dreams. Whoever is doing the stabilizing had better hurry up. Fiat is about to fail.

[Wysi]

I went to bed thinking almost 20% gain was simply unheard of in any other digital asset, and noted how quickly bearish sentiment pervading the space could so quickly turn a corner over an hour's worth of gains that wiped out 2 consecutive slips.

And then, imagine waking up and seeing that I actually missed the monthly high above $10k!

Crazy days ahead.

Yes past 72 hours has been crazy but still I am bit scared to cashin or cash out as this might  be just another bull trap to pool in more investors for the whales to cash out because there was an unexpected dump l of a sudden and then a pump of almost 30% that's simple unpredictable.  I have decided to take time out and watch where this lead us in next one week or so.

[BADecker]

All about the ways sharks talk people into selling so they can buy low.


Supercharged Bitcoin Turns Ultra-Bullish After Shaking Out Retail Traders

The world's largest cryptocurrency hit a 5-month low earlier this week.
A massive rebound has seen nearly 30% gains overnight, pushing closer to $10,000.
There's a reason why HODL (hold on for dear life) is a popular trading strategy in cryptocurrency. Battle-tested crypto enthusiasts understand that the big money investors are out to get their bitcoin at dirt cheap prices. The sharks will instill fear in the hearts of participants by driving down the value of the dominant cryptocurrency while painting a bearish market structure.

The events that transpired this week perfectly illustrate why HODL works. Institutional investors shook out retail traders as they pushed bitcoin to lows of $7,293.55 on October 23rd. At that point, the digital coin was down by over 47 percent from the 2019 high of $13,880. Just as it looked as if bitcoin was due for one more leg down, the digital asset took almost everyone by surprise.

[alyssa85]

I am at a loss what is happening right now with Bitcoin. Just hours ago, I was watching at the preev site and it was at the $7400 zone and then suddenly when I came back it jumped to the $8500 level and then now we are almost touching $10000. Just unbelievable. This is really the Bitcoin that I know of in 2017 when you can watch the figures changing right before your eyes. It is amazing how it got back with a big vengeance. But knowing the real score with Bitcoin, I would not also be surprised if a cold water will suddenly drop on the price and another dip can follow. Oh, well. But I am so excited today and that matters for now.

Except in 2017 the trading volumes were lower, so you didn't need that many dollars to move the price. Order books must have really thinned out to allow such a movement - or maybe someone pulled sell orders to allow the pump to happen.

[Omega Weapon]

I don't remember to have ever seen once Bitcoin increasing by 30% in less than 24 hours, or it was long ago.
So during the same week, it suddenly loses 10% and then suddenly makes +30%. There's something fishy about it. I don't believe in arguments about the recent positive comments from the Chinese president nor the good buying opportunity with the key support level of 7500 dollars.

I prefer to wait until the next week to see, you never know if there is another trap behind.

I do not believe it either but the truth is right there for everyone to see, during this week there were talks about some traders being worried about the death cross happening and just as we got it the price began to go up, and that makes me think that maybe this movement was an attempt by the whales to try to revive this market and avoid the possible repercussions of panic spreading among traders and investors, but if this is true then this manipulation cannot go on forever and the price will drop again.

[Quidat]

All about the ways sharks talk people into selling so they can buy low.


Supercharged Bitcoin Turns Ultra-Bullish After Shaking Out Retail Traders

The world's largest cryptocurrency hit a 5-month low earlier this week.
A massive rebound has seen nearly 30% gains overnight, pushing closer to $10,000.
There's a reason why HODL (hold on for dear life) is a popular trading strategy in cryptocurrency. Battle-tested crypto enthusiasts understand that the big money investors are out to get their bitcoin at dirt cheap prices. The sharks will instill fear in the hearts of participants by driving down the value of the dominant cryptocurrency while painting a bearish market structure.

The events that transpired this week perfectly illustrate why HODL works. Institutional investors shook out retail traders as they pushed bitcoin to lows of $7,293.55 on October 23rd. At that point, the digital coin was down by over 47 percent from the 2019 high of $13,880. Just as it looked as if bitcoin was due for one more leg down, the digital asset took almost everyone by surprise.

About on that quoted text which it has always been like that.Big players would really have that kind of motive always on
buying bitcoin or crypto as lowest price as possible.They can push it down thru fuds or market manipulation or whatsoever.
When the target had been reached and already shook off those weak hands then thats the time they do make a reversal.
Creating another perception going through FOMO and then sell out when hit up their desired gains.Its always been like this and
to those traders who are wise ones do able ride to those waves.

[The Sceptical Chymist]

I am at a loss what is happening right now with Bitcoin.

I am, too, and have been ever since probably before you wrote your post four days ago.  And while bitcoin is still higher than when OP wrote his post--looks like it was in the $8k range--it's gotten smacked around in the last 12 hours or so, dropping about $350.  But oh well, that's bitcoin for ya.

I assume the last dip was caused by a bunch of traders cashing out, but who knows.  Could be anything.  These are the times when I start looking at the price of bitcoin more frequently, which is not a usual habit for me.  I think I'm going to take a break and not look at it for a few days at least.  The only problem is that I get reminded of it when I see threads in Speculation, especially when the price starts to really move up or down.  Can't bring myself to put the whole section on ignore, though.

[palle11]

Here's the question, on what would be the next move. Are we seeing more than $10,000 or It's going down hard again? I can see the price are moving fast up and down in a tiny percentage, that might be the momentum traders and sellers that drags down and taking advantage of this sudden rise.

I think we are going to hit your speculated price of $10,000 that is, before the year ends because the volatility up and down has started and price is currently above $9,000. From cmc check, it is at $9,106 , breaking the 9,000 hold, we might have a continued move up.

[BADecker]

Here's the question, on what would be the next move. Are we seeing more than $10,000 or It's going down hard again? I can see the price are moving fast up and down in a tiny percentage, that might be the momentum traders and sellers that drags down and taking advantage of this sudden rise.

I think we are going to hit your speculated price of $10,000 that is, before the year ends because the volatility up and down has started and price is currently above $9,000. From cmc check, it is at $9,106 , breaking the 9,000 hold, we might have a continued move up.

The high was well over $10,000 I think on the 26th.     

[adaseb]

Right now I am thinking everybody is looking at the CME gap and looking for it to fill. Generally these gaps have a high probability of filling however you need to becareful because you have no idea "When" it will fill.

If you got tradeview just put in BTC1! and it will show you the front run futures contract for BTC. If you look at the daily there was a gap at $8420 area which was created on June 17th and it took over 3 months to fill. Not only that but it went from $8420 all the way up to $13800 before it actually filled the gap.

There is also a gap down at $11700 which is still unfilled till this day. So its not very reliable and I am expecting the gap we formed last week to get some manipulation going. Either we will come close to the gap and don't touch, or we touch it and go under and trap some bulls.

[magneto]

There seems to be still significant resistance at the $10k level.

Prices did shoot up above $10.3k but didn't hold that level for long, which would suggest that there are still some bearish sentiment within the market that hasn't been washed away from this rally alone.

It should be a matter of time before this happens, but BTC could potentially regress to the $8.5-9k level extremely soon as it tests the support there.

[wajik-tempe]

Sudden pumps and sudden dumps within just 2 days, many people said it was a fake pump or a bull trap from the whales but the fact is bitcoin's price is holding stand still on 9.2k resistance right now.
I think people are holding and wait for the next uptrend. Bitcoin's need new investors to pump out the price.

[STT]

Its not fake just the price trying to break out of the box and now we have to guess if its some negative from not beating 10k



Yellow line is 200 day average and current lows are resting on that line.   Breaking above here was the most important part of the move even though its lower then the peak price, this was the crucial jump to make.    So to stay positive it must stay above here now.

[michellee]

Sudden pumps and sudden dumps within just 2 days, many people said it was a fake pump or a bull trap from the whales but the fact is bitcoin's price is holding stand still on 9.2k resistance right now.
I think people are holding and wait for the next uptrend. Bitcoin's need new investors to pump out the price.

That is what happens with the market. The price can go to any price, and that will not giving notice to traders. All we can do is prepare for the right thing and the worst thing that might happen. We can stay watching the price movements while we can also enter the market to buy or sell bitcoin. But right now, it is better to view the market first because the price still going down and we need to find a good time to buy more bitcoin. But maybe the situation will change in the next week and this end of the week will be another adjustment for the bitcoin price.

Don't feel too sad if we get lost because there will be a time for us to make another profit, especially if the market is back to the higher-level price. That will happen soon, so we need to prepare to sell bitcoin at that moment.