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9866825 No.9866825 [Reply] [Original]

This doesn't look good at all. Very weak bounce from 6.6k followed by almost immidiate second crash with even weaker bounce.
It was no secret that we're heading below 5k, but even I with my bearish mentality couldn't predict it happens so fast. It's a very bad sign, it means that even bears overestimated the price.

>> No.9866842

I think contracts ended today, might get a price surge tomorrow as everyone goes long.

>> No.9866843

>>9866825
just loot at this https://www.tradingview.com/chart/1bWOHu26/ even your average redditor now shorting

>> No.9866849

>>9866825
25x long from 6529. Liquadtion 6310, stop loss: none.

Gambling with 0.05btc, big roller here.

>> No.9866896

>>9866849
When 6.4k breaks you'll get liqqed in a second. Next stop is sub 6k then.

>> No.9866908

Relax. It's all fake.

>> No.9866914

>>9866849
you will get rekt so fast just send me half of this shit you will still be 50% in profit

>> No.9866932

>>9866825
Mtgox cold wallets are dumping. They dumped 24k btc in the last 2 weeks, which is why everything is tanking.

They now only have 130k btc left to dump. Note: 130k btc, not 130k usd worth in btc.

>> No.9866934

>>9866849
Why? At least throw those bucks on charity or something.

>> No.9866937

>>9866842
Shorts are near an all time high right now and the RSI for Bitcoin is below 30.

This is going to be fucking hilarious. $9k+ this week unironically.

>> No.9866939

>>9866825
it has to break the previous low first from april 1st.

>> No.9866949

>>9866932
>which is why everything is tanking.
You're missing the point. They're dumping because they know where it's going. Everyone with half of a brain is fucking dumping if you haven't noticed yet. All the indicators scream SELL.

>> No.9866999
File: 451 KB, 986x1164, 1527542712880.png [View same] [iqdb] [saucenao] [google]
9866999

>>9866937
sub 5k this week
BTC is breaking a key support level right now

>> No.9867001

>>9866825
target price $1k where I'm buying in again, good luck to you all

>> No.9867008

>>9866999
it will pump above 7000 in the next 24 hours after failing to break 6400$

>> No.9867015

>>9866825
i would also love to see false break out so even more people start shorting and then bfto all of them

>> No.9867024

>>9866999
Support levels mean very little when this downward pressure is forced/manipulated.

>> No.9867025
File: 54 KB, 793x786, 1522875053080.jpg [View same] [iqdb] [saucenao] [google]
9867025

I feel sick guys

>> No.9867041

>>9867015
The bears expected it to bounce to at least 7k, BUT IT DIDN'T. The bears themselves turned out to be bulls. If this shit doesn't bounce properly from 6.3k, it's going to 1k.

>> No.9867052

>>9867024
support level is where the network is healthy. we won't push it below that. but we want it as close as we can. relax guys

>> No.9867067

>>9867041
just wrong. watch, see and learn little padawan.

>> No.9867072

>>9867041
it's hard to believe i would literally sell everything i have to buy bitcoin if its fall to 3-5k

>> No.9867082

>>9867052
>>9867024
>they still think it's merely manipulation

You guys... Well, someone has to lose so I can make my gains.

>> No.9867104

>>9866825
don't worry, there's strong support at 6300

>> No.9867106
File: 134 KB, 413x395, drinking_burbon.jpg [View same] [iqdb] [saucenao] [google]
9867106

AAAAA 6.4k is broken

>> No.9867110

Jeekis group has predicted this BTC drop from $8k. Check their timestamps. Basically if you followed these guys advice you would of tethered at $8k. They called $6.6k, and told members to NOT BUY YET. On prompt, BTC drops further every day.

telegram: t.me/jeekisTWG
group chat: t.me/joinchat/Gewn3hBxefzjUnXHSkK3xQ

These guys have made the BEST bearish prediction so far.

Get in now for FREE before it becomes PRIVATE/PAID!

>> No.9867118

>>9866825
now it broke april 1st low.

>> No.9867123

holy

>> No.9867133
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9867133

>liquidation at $6284

>> No.9867139

>>9867110
the two guys who run that group are buddies with some major whales.

>> No.9867144

stock faggot here
think i know whats up
its not manipulation.
i think you guys are feeling this FOMC meeting somewhat.

the fine fine folks at the FED are likely raising rates today by another 25 basis points. what this usually means is that bonds will go down, and the dollar will go UP. in a BIG way.

stronk dollar is fucking AWFUL for pretty much everything in the US and world economy (as its the currency franca, so to speak). i can only imagine that this crash will be sustained for at least a little while as the dollar starts to moon against your major coins.

>> No.9867158

>>9866825
We're breaking new ground!

>> No.9867162

>>9867082
What else could it be? Everyone just collectively decided to sell for some reason? Why does the price drop $1000 in a 1 hour candle all at once instead of slowly bleeding?

>> No.9867186
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9867186

lmao will not cash out until next ath (~21k$)

>> No.9867187

>>9867162
>Everyone just collectively decided to sell for some reason?
There is a good reason, and it's obvious to anyone who can read basic indicators. Yes, people sell collectively, because they look at the same chart and put their order in the same spot lol.

>> No.9867201

>>9867162
first would all the alt coins crash to zero if it would be a real crash to zero. binance coin is at 14$. I guess they are not too worried.

>> No.9867212

>>9867144
i only bring it up because ive noticed FOMC days where we raise rates have all been a red day for you guys.
it seems a little silly to think that anything the FED would do could matter to crypto, but we are actually in uncharted waters here in terms of having interest rates above zero, and rising, while crypto is mainstream.
so i assure you, its not retarded to watch the dollar and look for a pullback (on a daily level) to judge when youre gonna go long crypto. id sell off right or go short though

>> No.9867214

>>9866825
bullmarket always long
bearmarket always short

cant lose right?

>> No.9867229

>>9866825
IF 6400 is breached its literally over

>> No.9867232

>>9867201
>binance coin is at 14$. I guess they are not too worried.
Have you considered the following: whales are buying BNB in order to cover their massive selling fees?

>> No.9867243

>>9867229
It's breached. Abort, abort!

>> No.9867253

>>9866932
Source?

>> No.9867277

>>9866825
You've gotta zoom further out, this is like the 6th dump in a row without bounce. Whales killed, pack your bags. Everybody has to leave.

>> No.9867286

>>9867243
>These next few moments are absolutely, unironically, critical for Bitcoin.

>> No.9867292

>>9867232
no whale is moving any btc retard.

all the other top 100 coins are not really crashed to zero yet.

>> No.9867295
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9867295

>>9867286
I've seen this hundreds of thousands of times but this is the first instance where.. ironically its true

>> No.9867322

>>9867295
True. If today we close below 6.4k, the following red dildo can put us at 5.8k easy.

>> No.9867337

>>9866843
>Shorts at an all time high
Seriously, guys

>> No.9867338

>>9867277
im telling yall its FED shit
go long dollar however you can while this shit is crashing. dunno how the fuck to do that in crypto

>>9867322
and it probably will happen if dollar moves. im begging yall, watch the dollar moon and crash the entire world economy for the next few days/weeks. this will not be good for any asset class

>> No.9867339

>>9867322
4.8k

>> No.9867352

>>9867338
if it doesnt moon tho, id anticipate a sharp reversal as people will then seek out more risky assets like crypto

>> No.9867353

>>9867337
Number of shorts is pretty meaningless. Why would you think it matters?

>> No.9867363

>>9867339
I meant on the daily candles. I'm still waiting for a bounce bfore further dump.

>> No.9867397

>>9867232
>Have you considered the following: whales are buying BNB in order to cover their massive selling fees?

>thinking whales sell BTC on binance not coinfloor/OTC

hahahahahahahaha fuckin gtfo noob

>> No.9867404

chink'd

>> No.9867406

>>9867353
good indicator of market sentiment

>> No.9867421

>>9866949
That makes no sense. If this was true, there are enough people that have experience in the market, so the dump would be ten times larger. We'd be at 4k atm if everyone with half a brain was dumping.

This is clear market manipulation that wants BTC to drop low, then either pump it again for higher prices, or pump any other coin so hard to overthrow BTC.

Either way, BTC is going down but it's part of the scheme.

>> No.9867426

>>9867353
are you retarded? the more shorts there are, the more money bitmex loses if bitcoin goes down. That's why we've been having barts for the last months, bitmex is just liquidating the biggest side of shorts/longs

>> No.9867446

>>9867363
i was waiting for a 7k - 7.2k bounce but it looks like it will go sideways or dump

>> No.9867494

>>9867421
TA gives you probability, not a 100% guarantee. They wait for certain numbers and then they sell. Then brainlets join them and panic sell the bottom. That's where you get your 5 minute dumps.
>>9867446
It it doesn't bounce before dumping below 6k, it will be a very strange anomaly.

>> No.9867512

>>9867494
Can you should me how these probabilities are calculated? I've never seen this done in TA (this is more a quantitative analysis thing which is very different... technical analysis is to quantitative analysis as astrology is to astronomy).

>> No.9867516

jesus fucking christ its like talking to a brick wall. my condolences to your fucking losses, but for fucks sake, GO LONG U$D NOW. cant you fags do that on bitmex or some shit? DO IT.

if FED raises rates today (they probably will) then the dollar could very well go on a chad run for a week or two like it did last time. if that happens, everything else in the entire world that holds value is gonna get crushed as U$D pops.

>> No.9867525

>>9867512
Show*

>> No.9867536

>>9867516
I'm not even american bro how do i go long usd. Why should I care about usd.

>> No.9867544

>>9866825
I will keep posting my prediction: it’ll stabilize around $4,500, and never get above $8k ever again.

>> No.9867552

>>9867512
I don't know anyone who "calculates" it. It's not precise at all, people just notice trends and follow them, knowing that this target is very likely to be hit, and that one is not so much but still possible.

>> No.9867559

>>9867544
If it stabilizes at 4.5k it will definitely go higher than 8k again at some point (even if it takes 2-3 years).

>> No.9867568

>>9867536
isnt there some way to trade forex w crypto
>Why should I care about usd
baka
because the global currency getting too expensive decreases the value of EVERYTHING ELSE

this isnt some proud 2 b murrican bullshit.
this is capital preservation

>> No.9867575

>>9867568
Maybe i could short my local currency.

>> No.9867578

>>9867568
sorry that first line is a question

thought there was a way to trade forex w crypto. remember seeing a buddy doing it before

>> No.9867582

>>9867024

This. Someone or a group of bear whales want btc dead. They can market sell 10k btc and nothing stops them breaking support.

Bull whales are fucked because they have to support with USD to try counter these people trying to kill bitcoin. Remeber that whale who moved 8k btc to gdax? Why gdax when it only has USDT? He probably sold a lot OTC or in market but spread in a way to avoid creating downward pressure, so he could have USDT to try creat support.

Obviously failed.

>> No.9867586

>>9867512
TA is a social science, it's subjective and borderline impossible test

that said, if you can use it effectively you can pick good times to enter and set appropriate stops to minimize risk
also, there's a lot people who use it - meaning people make the priminition come true themselves

>> No.9867595

>>9867575
shorting emerging markets is actually a very good idea. dunno where youre from tho

>> No.9867625

>>9867586
If it can't be tested then it's not a science (I would argue most social 'sciences' are not sciences). My background is physics though so I am naturally biased against such methods.

>> No.9867627

>>9867559
Lol nah you’re gonna see $100-$500 rise/falls. Ironically, once more people start accepting BTC as actual currency for goods and services, its meteoric rise will be a thing of the past as speculation ends and real-world values are attached to the coin.

>> No.9867632

>>9867627
Obviously if it's actually used as a currency the price can't fluctuate thousands each day, I agree.

>> No.9867653

People lost interest in crypto hence no new money coming in.

>> No.9867658

>>9867625
i'm not arguing with you, that's why i'm saying it's a social science

but like a lot of physcology it's just based around what seems to be true of a lot of people and will work more often than not

>> No.9867697

>>9867582
>Someone or a group of bear whales want btc dead
its so obviously soros. hes trying to corner the last few big guys that are left, smash em, then steal their coins. this is literally georgies specialty.
if ya dont believe me, ask the UK

>> No.9867722

>>9867697
So.... then he will moon prices?

>> No.9867728

>>9867697
I don't think anyone in the UK is rich enough to pay for internet except the queen

>> No.9867753

>>9866949
>sell when there's blood in the streets

>> No.9867759

>>9867697

Winklevoss twins would be buying to keep something which their entire networth is trapped in up you would have thought.

But its possible that gox is just fucking us. That guy clearly uses funds to manipulate market. Hes in deal with some powerful people.

>> No.9867762

>>9867722
thats not what happened in the UK
but this is different as its not fiat. dunno how exactly he does it. goldman does the same thing with commodities. they just lurk around looking at all the orders. when they catch a whiff of someone who obviously has a lot of money, they corner them and smash them

>> No.9867777

>>9867426
Thank you for showing that you do not understand how shorting works. I can now safely ignore your posts.

>> No.9867786

>>9866825
Prediction: We'll see a massive bart to 8-10k to wipe out the shorts within a few days. This bart leads to an uptrend that raises the price to 10-12k in a week, until the bart closes to wipe out the longs and ends up at 5.5k-6k

>> No.9867794

>>9867759
i think its the FED shitpost today.
see
>>9867144
>>9867212

>> No.9867799

>>9867786
Not how it works. If it breaks 10k that creates the most bullish environment since last May...

>> No.9867811

>>9867799
it wouldn't need to go to 10k to wipe out these shorts, 8-9k should do it.

>> No.9867822

>>9867799
Why?
Normies won't care unless it reaches the previous ATH, and /biz/ / leddit mad boys simply don't have the capital to push the price up to 20k.

>> No.9867829

>>9867811

Yes. That’s realistic. But if it broke 10k then predicting 5k after is as retarded as thinking its going to 1k now

>> No.9867838

>>9867822

You need to understand how supports and resistance works. If TA is worth anything its only the basic supports and resistences.

10k is a behemoth of a resistance. If it breaks through it becomes a behemoth support.

>> No.9867850

>>9867822
theres so many banks trading this shit now. fuck normies. most of those that got burned buying the top will NEVER go back. its the banks that are gonna push it up now. but like i said, theyre all going long the dollar right now (hence why the US stock market has had such little volatility lately. a lot of big guys cashed out and put money in chink companies, which is why those are all mooning)

>> No.9867853

Does seriously no one of you realize all of this is a coordinated dump because of the EOS launch ?

(((They))) will pump the market as soon as EOS got its act together and is online.

>> No.9867875

>>9867853
wait
isnt EOS the open society one?
is that not one of the ones soros is invested in? or am i mistaken? dont follow crypto too much usually

>> No.9867880

>>9867110
Make multiple accounts. Make every possible prediction. Pick the correct predictions afterwards.
>"See guys, I predicted it"
Fuck off manvinder

>> No.9868004

>>9867516
Kek

>> No.9868018

>>9867426
>"are you retarded?"
>thinks bitmex ever loses any money
thanks for enlighting me. i was wondering for weeks how it can be this easy to make tons of money in crypto. it's because of people like you

>> No.9868078

>>9868004
do you doubt that the dollar going chad is going to smash BTC? cause it happened last time back in march. you dumb fuckers seem to think that youre free of any FED FUD. youre not anymore. you were in the past because fed funds was 0 forever and dollar was cheap for most of the life of crypto (and crypto wasnt mainstream yet). youre in uncharted waters here. dont expect it to be able to bounce much at all while the dollar goes on a run