we got a small dump with the bitmex problems affecting surrounding btc markets. net long from the bottom of this channel. lets see what she do. use stops if you are leveraging and keep the positions small enough to manage. gl.
looks like we are drawing out the other side of the pump. to stay on track this *shouldnt* break 8075 again.. bitmex going down was really a catalyst. to all the bulls we have been dropping 100's fortunately not 1000's. the overall trend is bearish watching this bounce but it looks like it will fill out more volume at lower prices. nature of the beast? will be...
xbtusd on bitmex had an outtage due to a drive. bfx and gdax responded in kind after holding it up for so long. bfx was the first to dump and bring us down to some lows. bitmex came back up and matched the dump price causing more dumping on all exchanges thusly. this is a key area to hold. as i said before 8075. lawd. save us. fortunately i was net short 8300....
looks like a bearish channel to me on the zenbtc pair. lawd.
consensus is here and we are eating on the floor getting drunk while coinbase announces a vehicle for institutional investing (they have been in this thing for a while now folks) and we just get a fat red candle with over 3800 btc dumped in the last hour. some are even calling 7800 and 7200. somehow i think that they wont get the satisfaction. most likely we will...
possible long movement. bounced off of the support. i am hedged so i just decided you know why not. never give up never surrender.
looks like the bears took control over the course of this week on BTCUSD although the plunge protection team hit the protecc buttan and we seem to be holding 9100 ezpz. I believe we will see another plunge to 88-89 levels again and if broken we will go down. i am holding a small long position with a tight stop loss from 9080 lets see how she plays out.
the massive resistance to getting to 10k has lead us to hit 9k levels although I am not convinced this is the bottom only time will tell.
shiiii u know how dis do usually behaves the wrong way your position is in long enough to cuck you to reduce or stop out. so watch out.
strong 9900 resistance has led us down to these 9300 median meme levels. XBTUSD has had some low volume for the past few hours. possible accumulation zone. small long is open stop losses set. good luck
if this is the bottom and support is strong enough this is an easy long to make some kern
even though most og's and traders will call this a ponzi... its a well funded and highly automated trading pair (botz & volume) expecting to see a bounce at 820 or 780 sat areas. be smart. trade safe.
good amount of volume dumpage on bfx close to may 11 dump volume. seeing if this breaks down. It is ok to long here with a small position or wait for confirmation. I closed out my short from 9850 area. gonna see how this plays out. trade smart.
9750 is our new support possibly moving us to the 10k area there will be plenty of selling pressure once we do break it. fun stuff.
break the line? there is decreasing volume and this will be a saturday market. bitcoin does what it wants. i have a small short here with adequate stop loss.
might be smart to short from here. have to really wait for the 4hr to confirm