Someone who's actually smart

>Will see how smart you are when we hit 6000 next week

If it doesn't go below 5800 then we are still ultimately on an up trend now. So none of this matters.

>If it doesn't go below 5800 then we are still ultimately on an up trend now. So none of this matters.
why?

How exactly would price going down liquidate shorts lmao

Yet we keep rising...

Because 5800 is the bottom and dropping 10-15% randomly from barts is pretty normal for crypto, its not indicative of the current direction of the market.

If it goes below 5800 then we know the bottom is still yet to be found. Its very unlikely that we will though. So we might see 6000.. And 6000 at worst just means bitcoin is sideways now. Which means alts will pump again.

Shit I meant longs. Sorry to much brain on shorts these days.

Why would someone dumping their stack mean we go to $6k? We will bart up in the next 12-24 hours.

>We will bart up in the next 12-24 hours
why?

I was thinking the same thing. There will be a bunch of FUD on here to convince people its going lower. Right? r/cryptocurrency will be filled with shit like that too. People will dump to scare more. Shorts will increase then we get a nice up bart to fuck them all.

I bet you are right user.

Because the drop was totally artificial and occurred at very low volume.
We had high volume and pressure moving the price up organically for the past week or two.
I'm sorry but one whale moving the market does not confirm a trend reversal.
We will bart up as this will catch all the bears off guard. It will be easy to do as this was the direction of travel previously.

But the past doesn't always predict the future, user

Yeah, maybe I am just getting caught in some kind of confirmation Bias but this feels like a bart. Guys this really feels like a bart.

W E W
E
W

Yeah, but the 4h is pointing down and 1d is maxed out.

True but a huge factor in the recent uptrend has been the chadwhale buying up thousands of bitcoin with his hidden buy wall on Bitfinex. Either way I'm not at all convinced by the strength of this sudden move down.

> Either way I'm not at all convinced by the strength of this sudden move down.

It will be really interesting to see what coins don't recover. Like I bet ETH will barely recover at all.

>has been the chadwhale buying up thousands of bitcoin with his hidden buy wall on Bitfinex
details?

>Like I bet ETH will barely recover at all.
why's that?

>why's that?

Its been super weak compared to TRX NEO EOS. Coins that are known to be "ethereum killers"

True, although it's pretty damn inflated. It could lose a huge % of its value and still be multiples of those combined.

>chadwhale
you mean "tether printer"

ETH looks absolutely FUCKED. It has sliced through every support it had with seemingly no end in sight. I think people are waking up to the fact that it simply isn't worth $1000+ each.

It's been pretty well documented across crypto twitter. Ignore that if you want though. I've seen it myself. Sell after sell being absorbed into a buy wall you can't actually see on the order book. I'll try and find out how much he's bought, hold on.

>crypto twitter
how much overlap is there between crypto twitter and black twitter? nightmare mode: no trx supporters

90% of it is absolute cringe delusional moonboy choir preaching dog shit. It took me months before I actually found people who knew what they were talking about. Seriously though there are pretty legit people on there.

>It took me months before I actually found people who knew what they were talking about
I know you're probably shilling yourself but do you have a list of people I should follow?

take away trx and you've lost almost all of it.

@ThinkingUSD
@AureliusBTC
@cryptorae
@CryptoDonAlt

None of these are me. You have to remember one thing about crypto twitter: it can be just as retarded and memey as this place. You have to filter shit out.

Thanks

Going back to what I was saying, here's a screenshot of the order flow from a few days ago. As you can see, about 2k bitcoin were sold into the hidden wall, but the price remained unaffected. So someone, or a group of people with very deep pockets have been accumulating huge amounts of bitcoin. Why? I don't know. The recent tether prints have most likely been to fund whoever was keeping this buy wall up. The wall has been moved several times already but it seems to have been pulled for now.

Might have a different ID because VPN fucked up.

Attached: DmE6oOKVAAATbh1.jpg large.jpg (1616x859, 117K)

interesting, theories?

Baktt being bigger than people think? Surprise etf approval?

Seems someone is propping up the price of bitcoin probably so they can short it and do it all again.

It felt like someone was trying to see if the price would go above 7500 but got bored after sideways action for awhile and said fuck it. Probably going to repeat the exact same process.

It would be easy to assume they know something we don't. This isn't the same as opening a huge leveraged long, I don't think this is a short term play, I think whoever is doing this is essentially creating liquidity for himself to fill these huge buys. What I don't get is why not make this kind of trade OTC to avoid the hassle? It's a bit of a mystery to be honest.

It just seems like that's a very wasteful way of doing it. He could have accumulated quite a bit cheaper than he did. Almost seems like he's in a hurry.

intedasting, velly intedasting

gas yourself TA scammer fag

Bears have until Monday.

most things have a repeating pattern
you're looking at this from the wrong perspective
you should be thinking:
>this has happened in the past, so it can happen again

imagine you live in Florida
will a F5 tornado blast your house into one million pieces?
it won't necessarily happen, but it has happened in the past, so you best be prepared for it

Chadwhale is back btw

Attached: 1535956506651.jpg (1440x1416, 66K)

>if you're short right now you are literally retarded
>price almost immediately dumps $350
What did this LARPing brainlet mean by this?

Now whos smart
fagget

>OP

Attached: 1460480167353.jpg (456x402, 30K)

Thanks asshole.

OH NO NO NO NO

multi-year bear market

time to get a job faggots

O NO NO NO NO NO

TA CRYPTO MASTER

Its going to lower 6200 then Up again.

DIE BITCH I HOPE YOU DIDNT CLOSE YOUR LONG

Stupid fucking faggot

OP was unironically right, except nobody could have predicted the Goldman cuckening. Liteerally just a black swan event. Longing was the logical option at 6800, like OP said

FUCK YOU I BELIEVED YOU MOTHETFUCKER CURSE YOUR WHOLE GENERATION AND DESCENDENTS

JUST

Who the fuck would long at 6800 kek. We're seeing lower highs. This is going sub 5k before end of month

>1 post by this id
we don't need no water, let the mother f**ker burn, burn mother f**ker, burn...

At this rate I honestly wouldn't be too surprised by $5K end of day.

FUCK YOU OP

Attached: IMG_0541.png (400x416, 169K)

THANKS OP IM LIQUIDATED

Attached: file.jpg (640x480, 23K)

My baby needs diapers and now have no money OP.

This thread aged well!

Heh