/biz/ - Business & Finance

Cool thx, just shorted

>break out of down channel
short it

Why short it now? whales closed their shorts yesterday and they've gone to bed.

Unironically sold at 8K

We're going to 4K whether you like it or not

>>7897126
HAHAHAHAHHAHAHAHAHAHHA

>>7897030
this guy knows whats happening

>>7897126
sold at 6k, we're going 2k and you guys are idiots if you're staying in! sell now!

>>7897124
No they didn't, there was couple of 50-100 btc trades but not nearly enough.

>>7897225

sold at 4 and we're going to 200, you guys are idiots if you're staying in. sell now!

>>7897245
Yes they did, a significant amount atleast

>>7897225
2k is the high support. Setting a $3.50 buy order here

Shorted at 10250, hopefully OP is not a fag.

>>7897323
I opened shorts at 10150 and 10230 but I still have a bad feeling about this, we could be in for another low volume bullrun.

>>7897030
Futures close 4pm guys- up we go from there. As happens every fucking time.

>>7897108
Like it broke it yesterday ? when it went all the way up to 10900 ?

>>7897345
It looks like it's going to drop any minute now, but volume is so low it could spike up too, even if it won't last very long. It's probably going to take some FUD for it to start dropping hard.

>>7897345
Price refuses to go down 11100.

also
>>7897377

>>7897030
why does your chart look like salad fingers jesus mate change that palette looks shit

>>7897345
Low volume bull runs are a fucking joke. Makes no sense to me

>>7897409
I meant, 10100.

>>7897414
Me neither but it appears to be the new norm.

>>7897414
>>7897426
just means whales waiting to dump.

>>7897345
I opened shorts too but I too have a bad feeling, it looks like there's still some upwards momentum

>>7897414
>>7897426

Have you speculated as to why they're currently the new norm...?

>>7897030

How high will the reversal take us? Do you have a projection?

>>7897449
Idk but it's great since they assfuck you smug shorters.

>>7897457
Everyone's waiting for btc to at least touch 9400.

>>7897443
That's what I think but BTC doesn't make much sense to me right now.

>>7897447
There's no real push up or down at the moment, very strange considering how hard bulls/bears fought between 9.7-10.5k with so many breaks.

>>7897449
I can't figure it out, at this point I might aswell just go with the flow.

>>7897476
>Muh team bull vs bear HURR
You do realize that people are trying to make money from up and downtrends?

>>7897457
0.5 fib. 9k I think.
Big rising wedge forming now btw.

>>7897506
That's what I see but I expected it to start going down by now. I guess patience will be rewarded in the end though.

>>7897476

I'm not a shorter - just curious to see if anyone has actually speculated as to why...?

>>7897505
If it was a true breakout we would have a lot more volume.
This is just whales letting normies FOMO back in before they teach them a lesson again.

>>7897524
Just have patience yes, this will test 0.5 fib soon.

>>7897505

I mean first of all what do you think it's low volume relative to - the run-up in Nov/Dec 2017...?

>>7897505
>There's no real push up or down at the moment, very strange considering how hard bulls/bears fought between 9.7-10.5k with so many breaks.
I watched the chart/orderbook on bitfinex all day yesterday, there was so much manipulation, wash trading spoofing and so on, pretty much every big volume spike was manipulated

>>7897525

bitcoin lost mainstream volume.

if not for wash trading the volume would be ridiculous

left: true reversal volume
right: bounce/bull trap

also notice the daily MACD lines are yet to cross

>>7897527

What exactly do you think whales stand to gain from destroying the sentiment of a market whose uptrend enriches them? Just asking?

>>7897581
more obvious on 1h chart

>>7897581
So I should stay tethered for now?

>>7897624
Honestly this could go either way, I'm betting on downturn but it feels like 50/50 gamble right now.

>>7897605
>whales only make money on an uptrend

All signs point to another downturn atm

>>7897645

And it can turn around anytime right? I tethered @11700, so I still have some room before losing all profits, but still

>>7897624
as long as it doesn't smash through 10.4k I'm staying tethered personally.

>>7897605
they want to accumulate cheap alts. just look how the big dump turned 2 weeks of bulls into FUD in 5 min a couple of days ago.
they wait now for the perfect opportunity to take profits and then buy back in at ~8-9k.
I might be paranoid but it makes sense to me, also it's supported by the 1d indicators imo.

>>7897605
being this new lmfao
it's called shorting

>>7897617
Not just that, look at the massive sell volumes, why would the bears push so hard to break 10.2, 10, 9.8, 9.7k and then just let the price go back up to 10.2k without much fight? I would atleast expect a volume spike when bulls try and push for a breakthrough.

>>7897655

Not saying they can't make money on the way down as a component of it but they can make more money from a crash like this followed by a reversal. You have any explanations as to why I'm wrong in thinking that...?

>>7897684
many of them just made 50-100% gains from this crash and reversal in just 2 weeks. At some point they'll want to cash out some of their gains.

>>7897108
>50 usd above linear trend in the 1 minute chart
>breakout

Yeah because btc obviously moves in linear patterns.

Strong support due to previous price action at 9600 obviously causes a bigger jump.

Its also possible we just test the 9600 again and then moon.

>>7897678

Brilliant - thanks...

another indication.

>>7897284
where did you take that screen shot? I've been looking for that website

>>7897779
really tense moments atm.

>>7897796
https://datamish.com/dashboard/db/btcusd?refresh=10s&orgId=1&from=now-7d&to=now

>>7897796
okcupid

>>7897731

Somehow I figure that isn't the full picture, not sure we'll have to see...

Looks like there's some action now.

Totally organic buying nothing to see here

>>7897284
Also so did I, closed at 9600 and longed till 10240 to open short

Go on and buy the green candle

>>7897779
>>7897812
W-what happens when the meme-lines hit each other?

Hilarious manipulation. Don't FOMO guys. Whales will dump soon.

ewwww why is it pumping

>>7897345
10450 is the top homie, you jumped the gun a little

>>7897940
Bearish wedge. But you never know with this manipulated market.

>>7897956
They could manipulate it all the way up to wherever

>>7897971
I have them on x3 leverage so it's ok I can afford to be patient.

https://twitter.com/whalecalls/status/967033463722467328

>>7897679
Yea, the selloff at below 10k was insane.

Its just bitmex pumping to close the x50-x100 shorts.

If my long position is profitable and I want to end it, I'm supposed to market sell, right? Asking because I'm pretty sure I've fucked up before, yeh, I'm a big fucking brainlet.

>>7897824
Thank you.

>they have absolutely no idea what they are doing.. punish them Bogdan

>pump it

>>7898062
Place a margin sell for the same amount as your long is in order to close it. I assume it works this way on every exchange but I'm not sure.
Check the FAQ on the exchange you're using would be my advice.

>>7898062
What exchange?

we still going up, nice one op

>>7898198
Check back in a couple of hours.

>>7897940
They'll never intersect, it'll break up or down once the funnel gets too small. In this case it'll probably break down

>>7898091
>Pump it even harder until they FOMO in.

>>7898219
And how low do you think we'll go?

I'm getting close to FOMOing even thought I know I probably shouldn't.

shorters btfo once again
they never learn kek

>>7898173
Bitmex.

Fuck it I am not FOMOing in.

>>7897030
You shorted Just before the pump, don't be greedy

>>7898242
fomo in at 15K$ dumbass fucking retard.

>>7898249
Tell me you bought in at 10350?

>>7898242
~9k at least, possibly lower, then start of real bull run next week. Don't buy while 1d MACD is still looking overbought.

>>7898278
you fucking idiot have no idea what are you talking about aren't you?

it won't go lower than the first low of the shoulders pattern. 9300 was the absolute 3rd bottom and it didn't even break 9500$ in many hard attempts. you are so retarded

I just bought, prepare your anus for the sub 4k dip.

>>7898278
10200 Just became an official resistance line. This is wishful thinking, man. Close your positions and wait.

>>7897030
Please demonstrate the process by which you arrived at these predictions. Otherwise, go kill yourself in a convoluted painful fashion.

>>7897225
>>7897126
Good one guys.

Price will go sideways for a while now.

Wait
wait wait
wait wait wait

>>7898255

You ever get the feeling you're overthinking it slightly...?

I was watching the whole time yesterday and I saw it recover multiple times from around 9600. It's time for a bull run.

>>7897284
Also one thing: most whale orders on bitmex are hidden and ones visible in orderbook are used solely dor market manipulation, so why do you think shorts/longs are public?

But yeah I might be wrong also. At least shorted too early. Gladly I nailed all previoua bottoms and tops so Im positive in any case.

>>7898309
it is pigs for slaughter like this one for which they create the liquidity pool bull traps

>>7898378

This is going to be no fun at all if you're all 2nd-guessing some evil whale group toying with and manipulating the market...

>>7897126
you must unironically be a nigger.

Yeah, I fomo'd in and bought ETC. Should recovery any possible losses with Calisto airdrop pump anyway.

I guess HOLD is the best long-term move after all.

>>7898276
not even close, good luck fomo'ing at 12k

Whales will feast on you hogs soon. You'll learn a lot in the next couple of hours.

>>7898536

I just don't see why whales wouldn't want to eat you too??

>>7898453
just read your other comments.
not sure on what you're doing in this thread...

>>7898573
I didn't FOMO like you pigs.

The slaughter begins.

>>7898630
Lol you sound like a coper

>>7898610
>Everyone speculating and discussing is fomoing
Goes well with the
>6k seller
Meme... calm the fuck down, not everyone is out to get you.

>>7898536
Whales dont sell at 10k and buy at 10.4k

>>7898630
>1 minute candles

>>7898591

I'm just trying to get a sense for how you feel and think about things at the moment - not anything more really.

>>7898719
1 minute candles are good if you understand them. They also include information about everything bigger, you nigger

>>7897345
Lmao

>muh low volume is bad
low volume means that people don't want to sell.
Back in december volume was and it's top and then we crashed hard.

Oracle said to buy above 11.5k to confirm uptrend.
Just wait man.

I just shorted x25 leverage, it feels good to make it lads

>>7897030
Cool thanks just bought 100k

>>7898838

Yeah I don't think they're fully taking into account what low volume might imply - it's not all bad after all.

>>7898939
Mmhhh mmhhh, no no no

These 0.002 trades have continued throughout the past uptrend and downtrend. They are market manipulation to fill the orderbook with red and to keep the price down at the top or bottom of the spread, depending on the direction where whales want to take the price.

Protip: don't fight against the whales.

“I know not all that may be coming, but be it what it will, I'll go to it laughing.”

>>7899323
I saw that yesterday while trading ripple.
I assumed it was someone messing around.

What's the action to take when I see those?

>>7899323
>don't fight against the whales.
So where are we heading then? Most of us are just trying to figure out if they wanna go up or down.

Not even feeling bad for the pigs who FOMO'd after all the warnings. Greed will get you slaughtered.

>>7899483
Just follow them. They have indicated the direction of all major movements at least since the last week. I thought the market was about to crash on 14th but I think this 0.002 pumping was the only thing that kept the trend alive. I didn't follow it then and lost a bit because I was shorting.

>>7899498
Down, you should short like me
>>7898939

>>7899498
>>7899323
>>7899576


I'd like to add that only follow them when they are close to local bottoms or peaks and heading the opposite direction (like now). Otherwise you might fall in their trap.

>>7900350
It's OP here btw

>>7900377
How long do you think this downtrend will continue?

>>7898913
>>7898838
>>7898350
>>7898265
>>7898262
>>7898249
>>7898242
>>7898198
>>7897377

How are you doing bros?

>>7900575
I said before till 9.4K, and there will definitelly be a jump at that point, however my TA here >>7900350 indicates 9K if the sell volume is high enough.

Greedy hogs getting slaughtered as predicted. This will continue for the next days.
https://mobile.twitter.com/Landm_Marius/status/966804593878315008

>>7900641
thank you based op

>>7900615
why not back to 7k?

>>7900718
It's stupid to try to predict so far. It doesnt make sense. 9K is the drop target before next big jump or stagnation

>>7900718
If 0.5 fib doesn't hold we will go to 7k and lower.

>>7900748
mkay.
Just wondering.

>>7897030
Easiest short of my life...

I wanted to place a limit order on Bitstamp. I can't place a limit order because I "don't have the necessary account balance." So I click the Deposit button, but all it does is ask me if I want to straight-up buy cryptocurrency.

What do?

>>7900827
>I wanted to place a limit order on Bitstamp. I can't place a limit order because I "don't have the necessary account balance." So I click the Deposit button, but all it does is ask me if I want to straight-up buy cryptocurrency.
You wanted to set a limit sell offer? Whats your margin balance

>>7897126
Fair warning fags. We are tanking to 4k before finishing 28-30k eoy.

>>7900985
lol no

Fairly low sell volume so far though
>Inb4 insults
>>7897345
I'm shocked that the market made sense for once.

>>7901188
Oh kid. We're the the same faggot that called me out when I set my buy orders at $8100 $7500 #7100 in Jan?

>>7901403
lol who even ar you

We will start mooning on monday, when the EU regulation meeting occurs

>>7901517
>We will start mooning on monday, when the EU regulation meeting occurs

OP here

I'm pretty sure EU is pro crypto but wants financial regulation for ICOs. I met some high officials of EESC and asked about cryptos. We basically agreed cryptos need some regulation but the tech needs to be able to flourish.

>>7901560
wait, you actually talked to some of them? The sentiment seems positive, but I think big investors want to hear a confirmation.

>>7901641
Yeah I did.

Well, this was mostly based on one conversation, but lets say this guy has power.

breaking the fibs atm

>>7900641
Why should I trust this guy? Especially when he says Tron is the most undervalued crypto.

>>7901859
Is that a good or bad thing?

Feels like next push is coming soon.

>>7902042
if it breaks, good for shorters.

>>7902115
The market seems less bearish that what I expeced. But then again, the market looked bullish from 9.7k to 10.4 but turned out the whales were just waiting for the moment to dump, so I guess the same applies.

>>7902410

I just closed my shorts, I'm going out tonight and don't feel like leaving shorts open when the market is so unpredictable. Good luck I hope you make some cash!

Volume literally died after a decent red candle with decent volume, I have no idea what the whales are up to.

>>7902695
Yeah.

Lol nobody wants to buy, but some whale is trying to force the price up.

>>7897940
Then we draw some new meme lines to explain why it didn't do what we originally expected it to

>>7900350
There is no way someone can be this retarded

>>7897505
I'm fully expecting that we are at the beginning of the third wave of the super cycle. this is cycle wave 2 finishing and we are seeing the start of cycle wave 3. It's pretty clear if you map out 19k to 6k.

>>7900931
Nothing. I want to just set it up so when Bitcoin reaches 9000 again, I'll buy exactly 0.25 of a coin.

>>7897030
Cash out with your 50 cent gains and spend it on Wendy's.

There will be no warning when the price shoots up to 70k this year.

>>7904265
>There will be no warning when the price shoots up to 70k this year.
yeah like that happens in one day.

but we are abusing your delusional thoughts. Jump in on every green candle, I'll short it. The price increases due to incremential bottoms, not fomo top growth.

>>7904127
So you have at least 2300 on your account? remember that fees count also.

>>7904020
Whats the biggest issue with it?

Last 2 lows have been on fibonacci levels. This one should go sub 9k and pump after the futures expire

>>7897030
wowowowo so exactly like this guy said
wowowo you are a genius!!!!!!!!!!!!!!!!

https://www.tradingview.com/chart/BTCUSD/JKcw7u2B-Philakone-is-MAD-Know-your-ELLIOT-WAVE-Theory-now/

>>7897527
>teach them a lesson
No, they just want to take peoples money

>>7904491
It won't let me deposit.

>>7903957
>TA in a nutshell

>>7904523
>>>7904020
Not directly, it will bounce off 9K for sure. Might go lower ofc

Well played OP, I hope you held on to that short position!

>>7905052
Of course I held =)

>>7897097
>>7897323
>>7897345

Are you guys with me?

>>7905376
yup

>>7905376
I closed mine but I couldn't help myself and opened at 10100 again..

>>7905515
Good call

>>7905376
Been shorting since 9620

:'(

>>7901560
>We basically agreed cryptos need some regulation

This is why we can't have nice things.

>>7905527
A bit tight but it's only 3x leverage so I won't feel too bad if it bounces back to 10.2k

>>7905578
Dont worry, you will be saved if you're not liquidated. Just close it when its close to 9600, switch position and ride the small uptrend and reshort at +200-300.

>>7905606
ICO world is fucked up, exchanges can do what fuckever they want. Fuck yes it needs regulation. It's the only way we can ever reach major adoption and stability.

>>7897126
>126▶>>7897132 >>7897225 >>7898341 >>7898469 >>7900985
Unironically sold at 2K
We're going to -2K whether you like it or not

>>7897030
>>7898091
>>7898240
>Copy that boss
>Short genocide at 10.050
Protocol Dragon activated

>>7899323
Okay then, what the fuck these whales want?

If you want to crash the market, just go down to 4k so we all be down with it.

>>7906494
Uh, how? You throw your 1000 BTC market sale, price drops by 300 USD and and the first buy order fills the spread, people panic and sell couple hundred BTC but realize it does not make sense and then price is back at almost same levels again. You can sell/buy only at specific times to influence the market movement. Also it is more profitable to short/long with leverage and only use part of position to manipulate the market.

>>7897124
>>7897108
>>7898198
>>7898262

Still hodling your longs?

>>7906494
They dont want anything. They dump + short to make money then they pump + long to make money its just a game

Follow the money

>>7907394
Nah I went short, closed it then went short again.
>>7897345
>>7905515
The reason I asked why you shorted at that time was out of genuine curiosity.

>>7897108
downward channel would have it at 8k by Feb 26. We're probably gonna test that, at which point I will buy back in.

>>7907499
Shorted at 10160 cuz looked like it bounced of the 256 fib level.

>>7907549
>downward channel would have it at 8k by Feb 26. We're probably gonna test that, at which point I will buy back in.
Are you shorting the way down?

>>7907788
Nah I dont margin trade. I did tether at 11400 though, called the 11750 top as well but needed confirmation before I sold my alts

>>7907999
You short, you long with more and you short with more.

long and sel vs long+short is the same as comparing hodling and long and sell. Its exponential growth.

>>7897108
>trading 1hr downtrend lines
jesus christ you're an idiot

>>7907999
Why are you afraid of shorting?

Argh I kinda want to increase my short stack now. But it's probably better to not do it unless it goes up to 10400

>>7908944
If it went to 10400 it could be risky because it would indicate bullish movement

The price manipulation is so obvious lol, look how the chart matches perfectly the longs being opened and closed on bitfinex over the last 12 hours

https://bitcoinwisdom.com/markets/bitfinex/btcusd
https://www.tradingview.com/chart/?symbol=BITFINEX:BTCUSDLONGS

They're opening longs to push the price up and closing them to push it down, probably with the tethers they've printed

>>7910144
Bigfoot is also involved I read on some guys twitter who is 100% credible and gives out free info at 20$

>>7910182
What? Can't you see how similar they are? Do you know what that means? This is telltale evidence bitfinex is heavily manipulating the price and making it do whatever the fuck they want, look how perfect the match is I couldn't believe my eyes when I noticed it

>>7905376
Oh hey just read this, sorry but I got out and went into ETC which recovered (and will do much more) any potential losses I had. It looks like this thing just doesn't give a shit about BTC now.

I'll just leave this here

https://www.tradingview.com/chart/BTCUSD/HIIQLGOd-Try-again/

>>7907788
Why is it still going up?