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10968149 No.10968149 [Reply] [Original]

This has to be news related, wtf was it? etf denied or some shit?

>> No.10968159

>>10968149
it's literally the most textbook charting reasons why it went down you fucking idiot. everyone with half a brain started shorting at 7300

>> No.10968181

A) Stop losses
B) smart trading bots
C) manipulation

>> No.10968211

>>10968149
https://www.reddit.com/r/CryptoCurrency/comments/9d5sff/this_dip_really_is_manipulation_and_is_caused_by/

>> No.10968228

>>10968159
i'm talking about the speed of the drop, it just doesn't seem normal

>> No.10968237

no. just a big player dumping.
Since they could have done this without tanking the price it appears intentional manipulation.
don't bother with meme lines they won't tell you when they randomly decide to dump

>> No.10968249

>>10968159
There was no way to see that coming you mouth breather

>> No.10968257
File: 66 KB, 1106x587, btc.jpg [View same] [iqdb] [saucenao] [google]
10968257

>>10968159
Is this why? I thought meme lines were just memes. Biz lied to me.

>> No.10968264

>bitmex does its regularly scheduled short squeeze at 6k
>Babbies mistake the pump for a legitimate bullrun and go long


lel

Must be hard having Grug level IQ

>> No.10968270

>>10968149
When the run up was for nothing, don't be surprised when the fall back down is for nothing.

>> No.10968283

>>10968149

sec investigation on market manipulation by tether/bitfinex, will hit the news cycle in about 11 hours.

>> No.10968287

>>10968257
your line is drawn completely arbitrarily, and you never draw the times when the price doesn't respect the line... do you?

>> No.10968311

>>10968159
>Heh I'll just post lies on /biz/ about my 20/20 hindsight so people will think I'm smaht

>> No.10968330

>>10968311
t. grug

>> No.10968331

>>10968249
>>10968257
https://twitter.com/100xOrDie/status/1036693855087812608

>> No.10968335

>>10968270
yeah but again its the speed of the drop, the up trend was more steady. Look back when etf was delayed, we had the same thing happen, everyone was panic selling

>> No.10968341

>>10968287
not him but its close enough to gauge resistance, especially in crypto where its easier for whales to move, they can move early or let it over extend and then dump on chartists

>> No.10968352

Requesting the Wojak riding the candle down webm.

>> No.10968359

>>10968228
You must be new here

>> No.10968384

>>10968283
When this news hits the main masses btc will shit the bed sub 5k

>> No.10968385
File: 122 KB, 1775x894, TA.jpg [View same] [iqdb] [saucenao] [google]
10968385

>>10968311

woah, who could've ever seen this year-long resistance continuing to act as resistance!

>> No.10968395

>>10968228
stairs up, elevator down friendo. it happens in stocks too

>> No.10968396

>>10968149
The crypto market is immature. It's all low rent motherfuckers with cobbled together bots that run off charts instead of sophisticated quant shit like in stocks. All it takes is one market maker to get the party started and each one of these spooked out, zero fundamental flash crashes moves the entire market further from an ETF.

>> No.10968400

This is manipulation by whales, to get a cheap buy price.

This is a moon signal.

>> No.10968405

>>10968287
That's the whole point
Why would you draw a line that doesn't fit

>> No.10968411
File: 19 KB, 347x384, 1498523121593.jpg [View same] [iqdb] [saucenao] [google]
10968411

>>10968257
Is this the famous $4800 dip from last year in the making?

>> No.10968430

>>10968385
love how you skipped the last pump lol

>> No.10968497

>>10968405
theres about 7 other legitimate ways to draw the same lines, that got invalidated at a later time.
sure you can get a rough gage of where other people might dump, but they might pump it instead at that level just to fuck with you
or you can fuck around with moving averages (14,21,36,59,155), until you get a line that hits the price at certain points
like
>>10968385
did

>> No.10968635

>>10968311
https://twitter.com/100xOrDie/status/1036693855087812608

>> No.10968675

>>10968635
>they only post the ones that work afterwards, never in advance
with 100 monkeys making predictions on trading view 1 of them is bound to be right.
watch his next 3 ideas fail

>> No.10968711

>>10968385
Right answer wrong reason. Those lines are shit.

>> No.10968752

>>10968149
>a wild crypto swing happens
>some brainlet: "this has to be news related"
huehuehue

>> No.10968758

>>10968159
was this that golden shower that one meme line faggot was predicting?
>https://www.youtube.com/watch?v=AJu0R4nhVu8
>https://twitter.com/philakonecrypto/status/1029566638293696513?lang=en

>> No.10968803

>>10968237
This

>> No.10968809

guys im gonna tell you a secret

its NEVER news related

>> No.10968813

>>10968758
nearly everyone was aware of and watching the downtrend log line, not just philakone

>> No.10968883
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10968883

I unironically think one of the biggest hurdles to widespread adoption is the sheer number of fucking shitcoins. It's fucking ridiculous and definitely puts off normies.

Are these crashes killing off these fucking scam coins?

>> No.10968886

We moon boy

>> No.10968887

>>10968809

Get a load of this TA-let, /b/rothers

He doesn't understand that quantum theory explains that my dick getting hard caused a sandwich shop accepting bitcoin in Vietnam to shut down, causing the dump

ETF

CHEAP COIN

WHALE MANIPULATION

FIRE SALE

LE POOOOOMP IT

HODL HODL HODDDDDL

>> No.10968905

>>10968257
meme lines are bullshit but because everyone follows them they are self fulfilling prophecy

>> No.10968919

im pretty sure there was a big anouncement, i think goldman sachs announced they are scrapping their plans to offer bitcoin? smething like that. also the silk road wallet movement has people spooked

>> No.10968962

>>10968287
The price hits the resistance four times almost exactly before tanking. Are you retarded?

>>10968813
yea, because bitcoins are actually worthless. Even chuck-e-cheese tokens are guaranteed to be exchanged for one game of ski-ball. What do you get with bitcoin? The hope that it will go up in the future and the presence of a bigger idiot when it does. Any asset like that is going to follow meme lines.

>> No.10968963

>>10968919
don't be a retard, normie.

>> No.10969004
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10969004

>>10968352

>> No.10969027

>>10968962
yeah, USD and every currency in the world is worthless too since TA works on forex as well

also trillion dollar companies are shams, they shouldn't follow meme lines

>> No.10969029

It's bitmex liquidating long/shorts that are piling up. Margin traders are ruining our little ponzi. They'll also determine if and when we go bull

>> No.10969046

>>10968962
bitcoin is a good gold alternative. It has limited supply and you can take your entire networth out of your contry while smiling to the officers on the airport
try doing it with gold/cash/paintings/stocks/whatever

>> No.10969059

So what happens next?

>> No.10969067

>>10969046
Everyone keeps anticipating that up bart and they down bart again.

>> No.10969128
File: 269 KB, 1155x773, team.png [View same] [iqdb] [saucenao] [google]
10969128

>>10968283
where did you hear this from?

>> No.10969400

>>10969029

BITNIGGER IS THE WORST THING TO HAPPEN TO CRYPTO SINCE MTGOX

GODFUCKING DAMMIT

MULTIYEAR BEAR MARKET HERE WE COME


AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.10969424

>>10968430
last pump stopped at the 20 week ma but carried on, which does invalidate somewhat but that was also the week that the 850 million dollar okex long was fucking around in the market which i view as a bit of an aberration.

>>10968497
the 20 week MA held as support for the entire bull run late 2015-late 2017 and now that it's breached has acted as resistance pretty steadily. Not much chart fuckery involved there and I've followed these particular MA's for a year and a half or so now

>>10968711
and why are they shit?

>> No.10969453

>>10968159
This is not just a dip, this is a crash because somebody sold more than the market could handle, a single entity sold a lot, and I mean A LOT of BTC.

This has nothing to do with shorting, news or anything for that matter. This was someone exiting the market, for real.

>> No.10969483

Stop pretending, you wanted to sell, but you didn't. Smarter people sold before you, because they predicted their desire to sell on whole market better than you did.

>> No.10969490

>>10968149
It is news related.

>https://twitter.com/ChrisGilliard/status/1037488902536224768

Trump just tipped the SEC in favor of crypto, so the ETF is locked in.

That is why goldman put out the canceling crypto fake news alongside the rumors of silk road coins going to exchanges (just cover for massive short positions). Look at the lending rates on BTC for the last 3-4 days. A short was piling up for like 72 hours straight before dumping into the down barts today. Has nothing to do with some old coins getting dumped.

Instead what you are seeing is the standard fake news FUD cycle wall street has been doing for months to try to accumulate cheap, because they know we are on a massive, epic moon mission post-ETF.

>> No.10969511

>>10968405
Your neighbor's dog farting is a "moon" signal, lol. (you're too poor for a dog) Retards like you have been sputtering "Moon next!!" all fucking year, it's beyond pathetic at this point.

>> No.10969538

>>10969046
>bitcoin is a good gold alternative.

Not when it can lose 12% of it's value in half a day, no it's not. You want it to be, but that doesn't make it true.

>> No.10969717

>>10969538
gold does that as well
all ponzis do this

>> No.10969812
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10969812

>>10968228
The extreme bart weeks ago was normal, but this "dip" wasn't.

Ohhhhh retardssss.

>> No.10969847
File: 13 KB, 530x492, winepepe.png [View same] [iqdb] [saucenao] [google]
10969847

>>10968149
My horoscope today said "A risky investment that you made in the recent past will pay off greatly" so I've been feeling pretty good today.

>> No.10969852
File: 369 KB, 2432x1248, 1535814881719.png [View same] [iqdb] [saucenao] [google]
10969852

>>10968311
Get BTFO retard!!! HAHAHAHAHA

>> No.10969881

>>10968228
It's normal for this market. Nothing outside of normal.
When BTC was going up 5-10% a day, it was normal as well.

>> No.10969889

>>10968159
Post your short.

>> No.10969918

>>10969812
That's my point retard it was news related, that was when the etf was delayed

>> No.10969924

>>10969538
you could be gold 7 years ago and still be underwater not even accounting for inflation - how is that a fucking store of value then according to your logic?

I would rather buy btc that has like 150bn MC instead of overpriced gold

>> No.10970710

>>10969924
In terms of investment classes, gold is about equal to crypto, in that gold isn't attached to a currency, so it's value is entirely market driven - but at least in most cases you can get actual bullion, which makes it slightly better than crypto. But as a "good alternative", it's not. It's about the same in terms of long term value and risk.

>> No.10970823
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10970823

>>10968264
delet this

>> No.10970832

>>10970710
Whether or not actual bullion is better is merely fucking preference. It is easier to transport store and secure physical bit coins than physical gold, so I don't see how physical gold is better unless you literally believe you could pay for things with it in the event of global electrical meltdown.

>> No.10970891

>>10970832
That's my point, you sputtering retard. The other retard made a case that is was better, when it's not. You're just blowing a gasket in your water filled head because you're autistic and can't handle criticism, because mommy isn't there to rock you and croon in your ear that the bad things will go away, while you punch yourself in the head because someone said you were wrong.

Just fuck off, already.

>> No.10970940

>>10970891
you literally stated being able to get physical bullion makes it slightly better than crypto, personally i don't agree, you have to deal with something like 25 fucking kilos of the shit per million dollars stored.

under certain retarded circumstances the physical gold might win out eg worldwide EMP, but what about the more realistic scenario where you need get out quick via light aircraft, even if you had time to load the gold it can't carry the fucking weight and crashes with no survivors.

>> No.10970957

>>10968249
>trying to reason with gambling addicts

>> No.10970962

kraken had thousands of btc stolen last nite

>> No.10971087

>>10970710
>its not a good alternative
>its about the same when you consider its pros
>it doesnt have a lot of its cons
>not a good alternative
go to sleep, gramps. you become delusional when you dont get your sleep.

>> No.10971091

>>10968228
cascading stop losses think about it!

>> No.10971144

>>10968149
>This has to be news related
lurk moar sweetie.

>> No.10971218

So what the fuck is the play here boyos

>> No.10971233
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10971233

He bought?

>> No.10971277

>>10968237


>>10968237
>no. just a big player dumping.
>Since they could have done this without tanking the price it appears intentional manipulation.

Yup. They could easily sell OTC but they wanted to dump market because they had open short positions.

>> No.10971315

>>10968264
>Short squeeze/tether pump -> organic bart
>retards -> yeaaaaahhhh we bull run now!
>barts down - > FUD, manipulation!
>reset

This market has goldfish memory.

>> No.10971339

>>10969490
/thread

>> No.10971353

>>10968228
lmfao.
>it doesnt seem normal
is this your first day in the crypto market anon?

>> No.10971368

>>10969847
Mine told me that this year my risky investments would do badly. Thought that horoscopes was bullshit and I should forge my own destiny.

Should’ve believed.

>> No.10971506

>>10968149
She is tamed

>> No.10972021

>>10971353
retard, its not normal without some news behind it like we saw when etf was delayed. I'm still sure that some inside trader did this shit

>> No.10972034

>>10969490
You can actually see the 111k BTC going to exchanges on an explorer yourself. It's no FUD.

>> No.10972036
File: 99 KB, 1040x920, Screen Shot 2018-08-31 at 07.08.46.png [View same] [iqdb] [saucenao] [google]
10972036

>>10972021

>> No.10972096

>>10968159
>charting reasons

>> No.10972166

>>10971091
bots smelled it when big sell happen
me grub level iq

>> No.10972483

>>10970940
I have family who fled from war and they had to lierally throw away physical gold cause the children couldnt carry it. They buried some and it all got stolen.
Bitcoin is simply better gold.

>> No.10972637

>>10968149

the silkroad BTC wallet was moving and splitting since 20th of august.

It seems that somebody is selling part of the huge wallet worth 1 billion USD.

>> No.10972649

>>10972166
if you speak retard we will not understand what you are trying to convey

>> No.10972657

>>10972637
I haven't seen the movement. Anybody have the wallet or a link?

>> No.10972796

>>10968149
apparently a Silk Road wallet moving 111k BTC, 2-3K BTC at a time...

>> No.10972800

>>10972483
this. Ditto.

>> No.10972865
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10972865

>1% own the majority of BTC
>unregulated exchanges in an industry known to be manipulative as possible
>no cohesive understanding of historical prices, even among supporters

>entire board still deluding itself into believing crypto prices are the result of market forces

>> No.10972904

>>10972865
holy shit you're such a dumb cuck

these wallets are exchange-wallets. you can monitor them, they are open source. this is why blockchain is so great you boomer piece of shit

kill yourself

>> No.10972926
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10972926

>>10972904
oh yeah, exchange wallets. you can totally trust them with your money.

>> No.10972930

>>10972865
>What are exchanges.png

>> No.10973835

le plebbit found this guy and he was right :
https://twitter.com/realshillgates/status/1037102629313236992

>> No.10973912

>>10968149
It's the 6th of the 9th month OP, it's just some illuminati esoteric market making

The market makers move the market and the news makers create news to fit the market movements

>> No.10973922

>>10973835
Sounds black. based

>> No.10973947

>>10968809
>its NEVER news related
this. TA is literally all that matters. news and fundamentals are completely irrelevant. If the meme lines say the bitcorn is going down, then the universe will manifest some news or something to make it go down. the meme lines drive the nature of our universe.

>> No.10974181

>>10973947
this

>> No.10974338

Mt Gox liquidator almost killed crypto and we've been slowly bleeding out ever since.
Silk Road wallet dump will finish this shitshow off.
Crypto is going to fucking implode as all the whales realise this and run for the exits.

>> No.10974365

>>10973922
>bitcoin was fixin to be the money of the future
that's not how coon's speak you dumb truck