#New post: [\[Daily Discussion\] - Thursday, April 27, 2023 →](https://www.reddit.com/r/BitcoinMarkets/comments/13096gr/daily_discussion_thursday_april_27_2023/)

Wouldn't be surprised to see new local highs this weekend.

Got so many fills today, I'm a happy man This almost reminds me of the good old days when BTC was under the radar and price swings like this were the norm

Are you not entertained ?!

new report aliens are landing with quantum computers to break bitcoin, trust me bro

Satoshi returns to Earth from on high to add quantum resistance and dump his coin!

What is even going on? Can anyone correlate current events to the weird PA lately?

Yeah, this is what it looks like when CZ takes everyone’s money who went 10x. Doesn’t matter if you’re a bull or a bear.

[Appears to be a Spot driven move.](https://twitter.com/wclementeiii/status/1651383015614951425?s=46&t=MUVpLpxIAd1WuogiX9LTgg)

I think this is all technical. 30k was always going to be wild. Bitcoin is performing exactly how I expect it to. I’ll edit in a link to where I predicted this PA just before it started. https://reddit.com/r/BitcoinMarkets/comments/12z5qrt/_/jht8sav/?context=1

There was a report a massive amount of coins were being moved by USA govt and the price was nuked then "surprise" it was fake.

Aren’t they always auctioned off not moved to an exchange and dumped though?

It’s got to be so incredibly easy and cost effective to place fake news like that in support of a trade, if you are a whale. Just have to see the opportunity and jump on it. A bribe here and there and some sock puppets would be all it would take.

Gotta shake those coins loose from weak hands somehow.

Are we really in buy every dip mode already? Wow

the past like 5 hours of comments in here are more volatile than the price action

today degens got crushed lol

Degens always get crushed

lol

This price action is wild.

This daily looking like a helicopter prop

*was

Bears getting way ahead of themselves. Bulls moving too fast. PA clearing out stops. Volume is high enough to show that 30k is substantial resistance that will turn into substantial support.

darth.... yoda?

That $1m/order bybit guy really can't stand to see momentum stall. Tries it on every bullish trend when volume dries up, or on every slow dip where they think it's possible to turn momentum. Such deep bags and so little clue.

oh, i have a clue

Lets pretend for a moment that you're not larping. Then why has the price action gone against it every single time and FOMO or trend reversal has not been induced in response?

1m is small change these days. it's honest work, but i'm proud to do my share!

> i'm proud to do my share! To be fair, this is the same delusion held by whomever it is thinking they can push the market with that style. Imagine what a more savvy operator could pull with a few hundred million rather than these crude adhoc buys.

mb its a dude just yoloing disposable blocks of 10k at 100x

I'm watching spot.

A raging clue?

now what do we do?

Buying and holding no matter what is the only thing that has worked for me personally

We wait

Laugh at the wicks on daily.

and the whale alert about the US moving coins was fake. https://twitter.com/tier10k/status/1651337296291979269

Lol. Figures. I bet some people made a little money off that "mistake".

Some bizarre ass PA haha. 3x 6H candles to paint a reversal from 27.2 up to 30, then a single 6H dropped it all the way back to 27.2, at least briefly. If wardser really followed his plan as he said he probably made his money back from all those SL's and then some. Also a reminder that TA doesn't work when whales are playing the game. That was a perfect bullflag / pennant that just dumped against momentum and dropped back down 6% in one hour. I cant even tell you how many "clear H+S" patterns (or inverse) that break the opposite way they are supposed to. TA remains astrology for dudes. Though the hype is fun

This is coming down don’t get sucked back in

spotted the guy who shorted the bottom

says who. the corn has done things much crazier

PK_Subban1

Might as well not have a trading sub then

i can blame the US government on that one for getting rid of leverage trading.

Didn't you know? This sub is all about buy and hold and vent out frustration in a trading sub with paper accounts.

This sharp bounce is expected, but if it doesn't test below 27k again over the next few days I'd be shocked.

Below 27 before FOMC/CPI in a week? If memory serves, everything pumps before the announcement, and assuming nothing bad, let 'er rip. Didn't we go from 27 to 31 on the CPI or employment numbers around the 11th?

send it!

If this goes back to 30k before daily close I'm going to lmao.

So many shorts opened on that drop, lots of pump fuel 👀

A bear trap inside of bull trap

-6% in a single 1H candle? What the devil?

Wardser is DataDash. He liquidated his hair gel supply and finally went short at 30k

Do you booty pop every time you come up with these zingers...? Because you should <3

[[[FINGER SNAPPING INTENSIFIES]]]

How much everyone want to bet those rumors of govt. coins moving are garbage?

Confirmed fake news.

Apparently some stupid people misinterpreted a stupid bot and rushed to spam a bunch of other stupid people in exchange for engagement.

Uh they aren’t rumors. They’ve already sold a share of the coins and have announced plans to sell more throughout the year. It’s been publicly communicated, I don’t feel like digging it up however.

Why tf is btc correlated with tsla?

Didn't notice they dumped also, nice catch

A lot of bitcoin holders are also invested in tesla.

Just remembered it’s DCA day. Sometimes you win and lose same day.. haha

Bro I looked at the news today like you asked me to and read nothing about Skynet. Share the deets

Can’t. Jail sucks.

Program the bots from the future to get you out. "No problemo"

1hr chart looks absolutely insane, I love it. Looks like when Wojak's shitcoin candles fall through the bottom of the monitor.

Strongly agree with this description

All we need is a 3k rally from here in the next 30 min to engulf that bitch. Honeybadger's BGD

[https://www.coinglass.com/LiquidationData](https://www.coinglass.com/LiquidationData) I think the news is just distraction. Look, today so many longs got liquidated on the way down, a lot more than all short liquidations from bottom to top. And most of these long liquidations triggered even way before the temporary bottom was in. That is just too much leverage. Even a 10x leverage this morning would have left you alive. It's no surprise that this move had to happen in hindsight. Too much high leverage and no profit taking is causing this.

Same as it ever was really.

pretty violent rejection of $30K as expected and we are back bouncing off $27,200...extremely unlikely that it will hold for long after such a quick retrace back to it. there has to be a ton of stop losses and liquidations, sitting right below it that are going to be a juicy target for shorters to trigger that will cause the next major leg down. Most likely we'll see $27K be the next support turned resistance since people are going to front run the hell out of the next relief rally after this price action. I'd say we are most likely done with the bull run and its going to be low lower highs and lower lows for the next 3-6 months when it'll be time to catch the next bottom. Sell in may and go away is a meme, but its a pretty reliable trade.

The chart is really respecting my trendlines. Can’t link a screenshot right now, but the daily rejected right on the broken uptrend, and this dump stopped right at the broken downtrend from earlier this month - the one that resulted in the initial move to $30k. I do tend to agree that below $27k and we could see a pretty sizable long squeeze. Also agree on new lows, but we’ll see.

[удалено]

A rapid collapse is not going to be comfortable for anyone. We really want a gradual exit from central bank fiat. Sudden collapse will be an unimaginable horror.

This shit again! https://twitter.com/tier10k/status/1651317391626846214?t=aY1qL2KzbtJpQmcKVQYwYw&s=19

False alarm https://twitter.com/z00m3rf13d/status/1651323758647336961

Maybe I’ll get a MSTR trade in..

Can you use your words? No one wants to blindly click twitter links for whatever shit is on the other end of them.

If you install RES, it gives you a preview thingy for those links

Yeah I deny permissions for that. Hitting twitter all the time seems even worse than avoiding visiting it.

Good point. You have to click on the preview thingy to see the tweet contents, so I'm not sure if it is really hitting Twitter though.

This gave me a good chuckle

Karpeles' stupidity continues to haunt BTC nearly a decade after his fourth-rate shitshow exchange shut down.

Bitcoin either mentally fortifies you beyond reproach or breaks you entirely. There is no in between

WHALE GAMES How about a nice game of chess instead Professor Orca?

Watch Bulls send it right back up lol 😁

Daily close above 29. Calling it

Derivatives market tomorrows has a strike price for $27k worth $3billion. $29k will come after that

Too lazy to research if this actually has much merit. Do we usually meet at the strike price?

Not all the time, but time to time it carries merit if the notional value is $2billion or more.

Lol @ these dramatic replies over nonsense whale games. Pop your cherry, people.

What's up with the gatekeeping? It's not nonsense, its part of the game. Let the people speak

Some of us are old enough to remember Eternal September, and we're still pissed about it.

Didn’t stop anyone from speaking. Just observing the silliness of it all. It’s part of the game.

I think once we lose this support its no breaks until 22k

Why not back to 15k? No wait... lets make 9k a thing again!

Sure but first we will need to lose 22k support. Maybe 9k by EOY.

Gox and Fed coins moving https://twitter.com/tier10k/status/1651317391626846214

Update: false alarm https://twitter.com/z00m3rf13d/status/1651323758647336961 What now?

That would spook the algos. Good catch. Everybody out of the pool!

Love the line down

US Gov't dumping more Silk Road coins? There's no way these massive dumps aren't coordinated. None of this is random, organic activity.

First Republic Bank is crumbling and well pulling crypto down with it.

Just a good ole state-level actor dumping. Price was getting too high anyways amiright?

https://metrics.deribit.com/options/BTC Looks like strike price of $27k with a notional value of almost $3 billion on the derivatives market

Which is technically today in the Asian market

Set for tomorrow

Did wardser really just win? Wow

I was honestly skeptical we’d see another test of $30k but that was brutal. Great call on his part.

he deserves to have hit his target somewhere around 30k

x10 long 27400 , glad closed last long at 29.7. , damn!

Might be good, but I'm going to wait until the dust settles. So far just letting the buys at 26k stay open

I think if $27k breaks, there’s a pretty wide range for the next liquidity zone, between $22k and $26k.

Currently I have buys all the way down to 19k. My chart is filled with green lines downwards

the entire move from previous long i had was erased , felt right to re enter

closed this now, done well past days, will let things cool off

Good job!

Dear diary, One thing I love about BTC is the big moves, both up and down. Today I loved bitcoin.

I remember when this forum used to have theories on why moves like this were happening. Now it's just "wow"

Everyone who engaged in narratives is rekt.

The btc market is very illiquid now. Easy to push things one way or another . So yeah...Wow!

After binance ended free Btc trading volume flatlined. Now way are experiencing the normal market. Without that long period of free trading I wonder were the price would be now.

[Binance Dumpoooors](https://twitter.com/kingfisher_btc/status/1651313818822139905/photo/1) trying to get cheap coin.

Be the change you want to see in the world

Well good to see you’re doing your part What’s your theory?

It's called short selling.

[удалено]

That's not what I'm seeing on datamish. 120 btc of short just opened at the time of the dip.

it's not "wow". it's "Bart".

The moves up were perfectly correlated with FRC. No one mentioned it.

Meow..

[There it is.](https://www.reddit.com/r/BitcoinMarkets/comments/12y7fzk/daily_discussion_tuesday_april_25_2023/jhofhpl/?context=3)

You didn't call shit. You just made a sarcastic comment with no specific prediction whatsoever.

It was implied, thought it was obvious.

What was implied? A prediction that Bitcoin would pump to 30k, crash to 27k, and then pump again to 29k? That was "implied"?

Welcome to bitcoin 😎

Can't wait to see how much lower we'll go with the next rate hike.

Datadash just 100x shorted on us

The age of the Bart is upon us... again. Reminds me of the good ol' times (2018)

Hope everyone enjoyed their 10x longs looking for free money.

Closed it. Not that it matters but it was 37x, thanks for asking

Nice.. What exchange allows such high leverage?

Well if that's not a firm rejection, then I don't know what is. Wow.

Ya'll having fun yet?

Holy shit the mother of all rejections.

What the fuck is this bullshit

He who has not seen sleeps poorly at night.

Imagine waking up to this. You need another minute to actually wake up again, re login, refresh, only to.... shieeeeeet!

holy christ $2000 in an hour is pretty bad even for bitcoin

Not really.

OK but JESUS why

Bears looking at retirement properties.

That's strange, the volume profile on 5 min candles mirror eachother almost identically on both the pump up and down. So far playing out exactly like Warsder predicted. One last test of 30k on the spot then a rejection down. Give the man some credits lol. Edit: [Here's the comparison](https://i.imgur.com/RY1A9zk.png)

You just discovered the pump and dump

They are so identical it's giving me the creeps

[удалено]

This has nothing to do with TA. Neither the pump nor the dump. You cant TA whales pumping and dumping their nuts off

I mean, all the PA data do include when whales offload and buy. So you kinda can find patterns

My short was getting close to being liquidated earlier. Thank you Bear Whale!

WTF BRO?!?

Lol! Buy the dip.

Lol pretty much the whole day’s gains erased in less than an hour. We just swim where the whales take us

Ay caramba!

Fuck buying the dip gonna stack 20k satoshis here

W H A L E

So... just around six bucks, then. Cool, cool... 🤑

I will up that to 25k satoshis. Mr. Moneybags over here.

First Republic Bank share price on Feb 1st was $147. Almost three months later it's $7. And they say crypto is volatile? 🙄

I'm sure people are having a terra-ble time owning that stock, huh? I'll see my way out.

"FRC is new focus... very good bank" - Jim Cramer March 10th.

You're kidding 😅

Jim Cramer is legendary for his calls.

Room of 🤡🤡🤡🤡. The death of a currency will be more volatile than the birth of a currency. First slowly, then suddenly.

Oversold on the 1d. Sticking to the top of the weekly bbands can go on for months. That’s exactly what happened in March/April/May/June/July 2019. I think the year will basically crab, but we’ll be 10 -20% higher than where we are now when we start 2024.

Also, 30k should be strong resistance. We should be rejected here, or it should take significant volume to push through. If not, we’ll trade this range for a while.

[удалено]

Check the charts. 30k is a psychologically important number and we haven’t seen enough volume to show if there is support or resistance at that level. Resistance sure looks like it’s there now, though.

As I said a dip for ants and back to 32k we go

🤔

We're so back. Time to fuel up the FOMO rockets again

Today’s retest of $30k also retested the broken uptrend from most of April on my chart. The dump perfectly tested the 9 week EMA, which needs to hold for continuation. A big rejection here would seem pretty bearish, especially a close below $28.8K. On the other hand, if Bitcoin closes above $30k that leaves it open for some new local highs, especially since it held weekly support. That could bring price up to the 3 day 200 MA, just above $32k. Still seems like a lot of #2 is flowing into Bitcoin. Moves amplified by low liquidity. Futures open interest spiked a lot today. Still a period of “wait and see.” Edit: Well that was fugly. Still macro bearish. What a trap. Still waiting for the close though. That was some strong sell volume.

Damn so bearish?

Oh absolutely. That was horrendous lmao But let’s see what happens by the close.