Bitcoin Price Thread

bitcoin
cryptocurrency

#327

Found this to be an interesting article with suprising information.

Edit: If I look at the Nikkei 225 Futures chart and overlay it on the Bitcoin/USDT chart, there is a surprising correlation.

Stay Fishy


#328

I have this working hypothesis (and I’m still collecting and compiling data)…

…when people get rekt’d on the short market and it’s a significant amount of money, then not only does BItcoin go up, but so does nearly every ALT coin. And that just happened a few minutes ago.

Bitcoin shorts collapse:

Bitcoin’s price spikes:

This is one consecutive chart in my watch list after another…last few candles pretty much same (on a 15 minute timeframe):

So what I think happens: BitMEX rekts them shorts, then they dump a bunch of alts to drive down price, then they buy 'em all up. Some coins dip noticeably while others (mostly those already on an uptrend) hardly bulge. But one thing’s certain, they all spike at exact same candle


#329

100000000000000% agree with this! And i think many other trades would agree. Brilliant post.


#330

Trend analysis

interesting area for trend support and resistance right now. If we look to the left of the image on the 29th of june, to where we are now, and compare the trending between the bottom green line, and the next organge line up, we can see that the resistance we hit on the 29th before becoming bullish, is replicating similar movement to where we are now.
Also, on the 29th we hit resistance with some sidways movement and broke up.
On the 10th to the 12th of this month, we hit resistance with sidways movement; but broke down.
So there is really a key area of interest right now; especially as we had two candles drop below that green trend support.


#331

Can this be reported to the SEC?


#332

What in particular in relation to the SEC?


#333

The manipulation between the futures/Alts in order to liquidate the futures.


#334

Isn’t it the SEC doing it?

I think they already know :stuck_out_tongue:

Stay Fishy


#335

de-regulation my brother, so no


#336

Are we looking at a partial decline rectangle on the 4 hour mate?


#337

Man I didn’t think I was going bearish around here but I do belive we are heading down to 5k. I went USDT from 6500 to 5,1k. See you on the moon friends.


#339

How long until 6.8k again Lee? And would you be willing to bet on it?


#341

So how long? What about that ETF thing the hopefuls keep talking about?


#343

I’d like to see capitulation to get this bottom over with, but damn these are some small ass candles. I’d rather see volatility either way and give this market some life. I don’t think the bulls or bears have much strength left. One side is going to have to join the other to make a significant move.


#344

I will be here and so will many others trust me.

It’s weird how you see nothing but negative sentiment yet I see positive stuff everywhere.

Take coinbase for example… Would you say they know people? People on the inside? Would they really spend time and lots of money hiring many extra staff and developing custody services for big money and not know that big money will come in?


#346

The key support level right now is 6k. If that breaks we are heading down. However, I’ve turned bullish and I give it a 70% probability that we’ll hit 7700 and 30% that we’ll break through 6k within the next 1 to 2 weeks. I do see lots of bullish stuff on a fundamental level. However, remember that bullish news is not the same as bullish price action and the two don’t always correlate.
JMO


#347

Gorilla strong :joy: Yes! I love it :joy:

Man you come out with some stuff… Who are the Scammers?

You remind me of the 100 plus bitcoin obituaries that have been written over the years. They come and they go


#348

What was it that made you turn bullish?


#349

:speaking_head: Quadruple bottom. We’re going to the moon for real this time.

:elrisitaslaugh:


#350

Us end of the year!

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