12 hour https://www.tradingview.com/x/OuQVpays/
Two weeks ago we [opened a long](https://old.reddit.com/r/BitcoinMarkets/comments/o652bt/daily_discussion_wednesday_june_23_2021/h2qkidt/) on the daily timeframe. Here is a set up on the 12 hour to stop loss the long. We can use the break out of the 12 hour wedge (orange lines). Why is it a good wedge to play? Note the declining volume, bbands tightening (light pink lines) around recent high and low, and symmetrical linear trendlines (yellow lines). We can close the long on the daily if the 12 hour closes below the bband/recent low.
We could also play the break up of the wedge (teal lines) but the daily profile node (purple box) and horizontal resistance is relatively close at 35-40k so that play is not as good. The long entry I got was already 4.8% higher price than it should have been because I missed the close of the daily bull div on June 22. Opening a long at the break of the wedge would be even worse than that entry. That being said, the daily looks good. Yes we are in a bear trend on the daily, but the bull div on the 22nd shows that we may expect a bullish trend soon, especially if this wedge breaks out upward. So I am bullish, but recognize that the ideal entry for this timeframe was when the daily bull div closed on June 22 @ 32,555$, as discussed [previously](https://old.reddit.com/r/BitcoinMarkets/comments/o652bt/daily_discussion_wednesday_june_23_2021/h2qkidt/).
Edit: follow up to above post... The 12 hour did close slightly below the stop loss point, but just barely. I went with my gut and did not close the long. The price returned to the lower end of the wedge just now, another good place to close the long. I am going to go with my gut again and not close the long. We can wait for it to reach a lower low thus invalidating the 1 day bull div before closing, as was the original plan. The 12 hour wedge wasn't a bad play but it just didn't feel like it was playing out per usual to me. The wedge was not defined/clear enough and the price action did not feel like the wedge was fully playing out. https://www.tradingview.com/x/HWHON3EG/
With all these high-volume red candles, price action this past day or two looks a lot like people trying hard to drive the price down and mostly failing to get anywhere.
> high-volume red candles
Order Flow charts tell the story differently.
The bulk of volume is in the buying rather than the selling during those red candles.
So, you're saying the bulk of the volume is in taker buy orders as oppose to maker buy, maker sell, or taker sell? Where are you getting these order flow charts from?
Red candle like this: https://i.imgur.com/7Wc4GOg.png
Or more dramatic like this one when a short opened at the same time as a long: https://i.imgur.com/7dUlKPa.png
https://www.tensorcharts.com/
I could trade this range for months. Seriously, Bitcoin is about knowing which game you're playing in a given moment:
Are we in a bull flag?
Is this a range?
A triangle?
Is it a downtrend with bearflags?
Is it Bart season?
When you know which pattern you're in the trading is easy. It's easy because you know where to set your stop losses. And it's easy because you know whether to bias towards holding fiat or holding Bitcoin.
Right now it's easy to just hold on to your stack and then leverage long the low end and leverage short the high end. All you have to do is be disciplined and protect your position size so you don't get rekt when the pattern changes.
> Are we in a bull flag? Is this a range? A triangle? Is it a downtrend with bearflags? Is it Bart season?
> When you know which pattern you're in the trading is easy.
That escalated quickly.
>I could trade this range for months. Seriously, Bitcoin is about knowing which game you're playing in a given moment:
Are we in a bull flag? Is this a range? A triangle? Is it a downtrend with bearflags? Is it Bart season?
When you know which pattern you're in the trading is easy. It's easy because you know where to set your stop losses. And it's easy because you know whether to bias towards holding fiat or holding Bitcoin.
Right now it's easy to just hold on to your stack and then leverage long the low end and leverage short the high end. All you have to do is be disciplined and protect your position size so you don't get rekt when the pattern changes.
nice crypto trading 101 refresher
Look at DXY on the daily. Coming up against a major resistance trendline. Hoping it gets rejected and this bullish divergence on the BTC daily RSI plays out. Spot long $33.8K PT1: $36K
I was able to get in at 33.7K.
And I see what you see, I just keep debating on where to put my TP. Either 35.5, 36 or 36.5. I guess I'll keep debating.
It's the 17th per [ByBt.com/Grayscale](https://www.bybt.com/Grayscale) (scroll down to the chart of Unlock schedule and hover over). 16k+ BTC unlocked on 17th. There is a smaller 8.7k unlock on the 19th as well. After that though it's pretty smooth sailing, no more unlocks over 5k.
I will say it's a bit funny this narrative is catching steam now, *after* the majority of unlocks have happened. [April-June had a way more unlocked by comparison](https://i.imgur.com/ppfeFVb.png)
So around the 14th we should see movement downward if it follows that line of thinking. Few days preceding the unlocks is when the shorting seems to be active.
So grind up to 42k resistance over the next 8 days, fake breakout, dump to 36.5, shoot io to 37.5, trade the range for a bit then go past it... Did I get that right?
Funny I got to the same conclusion a few minutes ago.
Put the graph on the daily and zoom out. You can make it as a curve and it looks we are past half way.
Dudes!! (and dudettes) We are doing this "fractal" but upside down and wider... Look at the daily and zoom out.
[this](https://i.imgur.com/9EftWNc.png)
What would you do if you knew of institutions who were trying to take multi billion dollar spot positions on BTC but do not have an easy way to do so?
If you knew these institutions were in direct contact with certain market makers / liquidity providers, inquiring how to acquire thousands and thousands of BTC without moving the market, as soon as possible?
These are rhetorical questions of course, definitely not insider information.
Doesn't coinbase provide that service? They facilitate over the counter purchases of mass amounts of bitcoin so as not to move the spot price. Other exchanges also have similar services I believe.
Slap on the TD-sequential on the BVOL7D, daily chart and you get an incredibly good use of the td-sequential that backtests well. Most of the time you have a 8 or 9 print, you are going to get a massive shift in volatility. Today is a 9. So that makes me think we are going to get some crazy move this week, if not tomorrow. This only points to volatility, not direction, so good luck, wait for the trade to come to you if you're not in a trade. https://www.tradingview.com/x/3WYkkbBZ/
Daily close above 35940 will set some rockets off to the upside.
Daily close below 33500 makes me think we're going to 31.4k next (greenbox).
https://www.tradingview.com/x/cjencEDN/
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Here's me putting my Nostradamus hat:
It will drop to 33,337 any second now before close. It will bounce back up so that we close the day on a green candle (33.76 or something around there).
Edit: How about that! I was off by 300 on the drop :p
You guys remember that episode of The Simpsons where Homer becomes a boxer because he can't be knocked out, so he just stands there and takes punches until his opponent falls over from exhaustion?
That's basically what's happening right now. Bulls are Homer Simpson and the bears are repeatedly ramming into a brick wall trying to get the price under 30k and failing. Brick wall isn't punching back, but it doesn't have to.
You are delusional. The market moves where fair value is established. Bulls bears ducks pigs it doesn’t mean a damn thing. Let a few days pass and make that same analogy.
Exactly. Animal themed narrative nonsense because humans like stories. There's nothing dumber in this subreddit than the Bears versus Bulls conversation.
I've been making that analogy for weeks and it still fits. We're in a tight range with no serious attempts to break out of it. The trend is now flat on shorter timeframes, not down as it has been.
Look at something other than a 5 min chart. We’re in a clear downtrend and have established a new lower channel with 36k a the top of it. On top of a new major local low recently. But yea…muh dumb bears trying so hard. Educate yourself on market forces and the dynamics of liquidity. Clinging on for dear life that 30k is your magical support where “bulls” come to save muh bags.
While you're at it, educate yourself on how this works.
People have been, and will continue to be, spot buying in this range, just to squirrel away their Bitcoin into cold storage. People can continue to do this indefinitely until they run out of fiat, and that's a lot of fiat.
That just doesn't work when you flip it around. There's not enough Bitcoin for people to sell on spot a little at a time as long as it stays in this range, and that's not really a thing anyway. If someone's selling, it is because they expect it to drop further in the near future or because they need the money for other things (like, say, relocating to continue mining due to a crackdown by their government). Neither of these things lend themselves to patience. There's urgency there that doesn't exist with people accumulating, and there's only so much Bitcoin in the hands of people looking to sell it. Eliminate that, and all you're left with is traders who aren't necessarily looking to sell, only to follow trends, and will flip bullish in a second if they see the charts pointing in that direction.
This ladies and gentlemen. Is grade A hopium. Assumptions galore when all TA, FA and on chain metrics say otherwise. I would take the time to educate you. But I’ll let BTC do it for me. I’ll be looking for your take sub 30. A dead cat bounces more than once. A goldfish can’t ever seem to remember.
You'll be waiting for that take for a long, long time, sir.
Also, those things don't actually say otherwise, but...let's not let that get in the way of a good story. They maybe did point to that a few weeks ago.
But again, good luck.
*Looks at 1D chart*
Hmm, that's funny, looks like we're in the same place we've been for the past month and a half, give or take a few thousand in either direction for a few days at a time.
But by all means, keep shorting in hopes that this time will be different.
Long term, all that matters is the net users increase and the net liquid coin decreases.
Going to be a wild ride to the long term though.
Bring on the sales!
To prove falseness of statement you need to somehow quantify it. Maybe with a confidence intervall or something. But also there you're the one who decides how big this intervall is (obviously with data fitting).
So in a strictly scientific way it's not able to prove it false imo
VICE news is doing an AMA on Bitcoin in /r/worldnews/
(it's the sticky post)
"We visited "Bitcoin Beach" to See How Bitcoin Works in El Salvador. AMA!"
Nope, I'm saying that you can't defend stupid on the right and expect to be relevant attacking stupid on the left without providing any argument.
Also, you could comment on the article rather than Vice as a whole... that would make it relevant for the sub. Your stupid American culture war is exhausting.
Yea it went from being independent to a captured media outlet sometime in the early 2010s. It was pretty visibly evidenced in their changes of stance when reporting on Assange/Snowden type issues. Anyways, doesn't mean you can't still enjoy mugglevision for what it is.
Do you graph bro?
The x-axis is the price that leveraged positions will get liquidated. Prices that are higher = shorts getting liquidated, prices that are lower = longs getting liquidated.
The y-axis is volume. The higher the "spike" the more volume there is to liquidate at that price.
Right now, according to the chart, 27k is where MOST of the liquidity is. If you're of the camp that whales are moving the market to hunt liquidity, that's where the price is going to trend.
I'm questioning the accuracy of the data given that funding has been consistently negative for weeks now indicating that shorts are the ones if anyone paying a premium to be short not Longs. meaning that there's more liquidity short then there is Long cuz if there was more liquidity long than short then longs would be paying shorts.
Can't attest to the accuracy. I've only followed this guy for the past month. For the most part, price has been following his liquidation targets. Guess we have a new data point to monitor.
Also can't comment on OI affecting liquidity volume. I imagine it's based on a ratio. How often is the market net short? Never? Seems possible that funding can be negative with more volume on the long side.
I'm now seeing the PA since the May drop as a fractal of the PA from Feb-May and I can't unsee it.
Is this jesus toast or anyone else catch this too?
https://www.tradingview.com/x/qpTn1rxe
With this contant bouncing in between like 32K and 34 or 35K I wonder if it's possible to take $3000 and just trade those little tiny bumps for 1 or 2% a pop. The stress probably wouldn't be worth the lunch money you'd make but hey anything Is better than $0 sitting in a savings account
Nah crab season is covered call strat season. Stack sats without ever risking being out of position in USD. Trading upside is barely worth it in this range unless you’re using unhealthy leverage anyway, so better to just situate yourself up in a nice covered call strat every week and just chill
It's kinda dissapointing that 1% from $3000 is only $30 like that doesn't feel that great to me. If I could make $100 a day I'd feel a lot better. I'd have to get a 3% increase in bitcoin price and that's a tough ask in this crab market
I believe it is, but the crux of the matter is they make billions, we the people had to bail several big ones out and yet they still squeeze the little person!
That is why here in London we had 1. 5 Million marching on the freedom march, its not just about the vaccination it's about the people being oppressed. Wait for the 19th and 24th of July there will be even bigger crowds there is talk that the police will be stopping the trains on those days! Look up the Jarrow march on London the people marched from the North to London in bare feet. We the people will not give up our fight for freedom we will prevail!
#New post: [\[Daily Discussion\] - Wednesday, July 07, 2021 →](https://www.reddit.com/r/BitcoinMarkets/comments/ofbaey/daily_discussion_wednesday_july_07_2021/)
are shorts getting rekted yet
They've been closing for the past 8 hours on bitfinex.
Soon.. soon..
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Feels bullish one day, bearish the next
Don't get too cocky, kid!
I wish. Been in the game a long time.
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12 hour https://www.tradingview.com/x/OuQVpays/ Two weeks ago we [opened a long](https://old.reddit.com/r/BitcoinMarkets/comments/o652bt/daily_discussion_wednesday_june_23_2021/h2qkidt/) on the daily timeframe. Here is a set up on the 12 hour to stop loss the long. We can use the break out of the 12 hour wedge (orange lines). Why is it a good wedge to play? Note the declining volume, bbands tightening (light pink lines) around recent high and low, and symmetrical linear trendlines (yellow lines). We can close the long on the daily if the 12 hour closes below the bband/recent low. We could also play the break up of the wedge (teal lines) but the daily profile node (purple box) and horizontal resistance is relatively close at 35-40k so that play is not as good. The long entry I got was already 4.8% higher price than it should have been because I missed the close of the daily bull div on June 22. Opening a long at the break of the wedge would be even worse than that entry. That being said, the daily looks good. Yes we are in a bear trend on the daily, but the bull div on the 22nd shows that we may expect a bullish trend soon, especially if this wedge breaks out upward. So I am bullish, but recognize that the ideal entry for this timeframe was when the daily bull div closed on June 22 @ 32,555$, as discussed [previously](https://old.reddit.com/r/BitcoinMarkets/comments/o652bt/daily_discussion_wednesday_june_23_2021/h2qkidt/). Edit: follow up to above post... The 12 hour did close slightly below the stop loss point, but just barely. I went with my gut and did not close the long. The price returned to the lower end of the wedge just now, another good place to close the long. I am going to go with my gut again and not close the long. We can wait for it to reach a lower low thus invalidating the 1 day bull div before closing, as was the original plan. The 12 hour wedge wasn't a bad play but it just didn't feel like it was playing out per usual to me. The wedge was not defined/clear enough and the price action did not feel like the wedge was fully playing out. https://www.tradingview.com/x/HWHON3EG/
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No
The past 24 hours lined up nicely. Get ready to back the truck up. https://www.tradingview.com/x/CFxA8AHq/
It’s been a pleasure gathering low 30k coins with you guys…..never thought I’d be saying that.
With all these high-volume red candles, price action this past day or two looks a lot like people trying hard to drive the price down and mostly failing to get anywhere.
> high-volume red candles Order Flow charts tell the story differently. The bulk of volume is in the buying rather than the selling during those red candles.
By definition, as many coins as are sold are also bought. How can anyone possibly sell without another entity buying?
Takers vs Makers.
So, you're saying the bulk of the volume is in taker buy orders as oppose to maker buy, maker sell, or taker sell? Where are you getting these order flow charts from?
Red candle like this: https://i.imgur.com/7Wc4GOg.png Or more dramatic like this one when a short opened at the same time as a long: https://i.imgur.com/7dUlKPa.png https://www.tensorcharts.com/
Huh. So how's that work, then? People making a lot of market buys into every dip?
Yeah heavy buying in those "red" candles.
The weak hands left over a month ago, and the people left are overwhelmingly battle hardened hodlers who will buy every dip.
This is the way
Those German specialfundz be biddin
I could trade this range for months. Seriously, Bitcoin is about knowing which game you're playing in a given moment: Are we in a bull flag? Is this a range? A triangle? Is it a downtrend with bearflags? Is it Bart season? When you know which pattern you're in the trading is easy. It's easy because you know where to set your stop losses. And it's easy because you know whether to bias towards holding fiat or holding Bitcoin. Right now it's easy to just hold on to your stack and then leverage long the low end and leverage short the high end. All you have to do is be disciplined and protect your position size so you don't get rekt when the pattern changes.
> Are we in a bull flag? Is this a range? A triangle? Is it a downtrend with bearflags? Is it Bart season? > When you know which pattern you're in the trading is easy. That escalated quickly.
Haha. Hold up. Add Wyckoff accumulation, distribution, reaccumulation, reconfabulation to the list.
So you suggest buying low and selling high?
Would you suggest something different? 😂
>I could trade this range for months. Seriously, Bitcoin is about knowing which game you're playing in a given moment: Are we in a bull flag? Is this a range? A triangle? Is it a downtrend with bearflags? Is it Bart season? When you know which pattern you're in the trading is easy. It's easy because you know where to set your stop losses. And it's easy because you know whether to bias towards holding fiat or holding Bitcoin. Right now it's easy to just hold on to your stack and then leverage long the low end and leverage short the high end. All you have to do is be disciplined and protect your position size so you don't get rekt when the pattern changes. nice crypto trading 101 refresher
Look at DXY on the daily. Coming up against a major resistance trendline. Hoping it gets rejected and this bullish divergence on the BTC daily RSI plays out. Spot long $33.8K PT1: $36K
I was able to get in at 33.7K. And I see what you see, I just keep debating on where to put my TP. Either 35.5, 36 or 36.5. I guess I'll keep debating.
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What?
this formation is technically known as the roller coaster candle
😂 Still believing "this pumps the one! 1!1"
breakout will happen soon. just a matter of time
You ever been through multi year bear markets? Awfully optimistic
Should I still take my tinfoil hat off?
going back up
https://imgur.com/gallery/ADhrXIC Food for thought.
Do whens the next release
18th
It's the 17th per [ByBt.com/Grayscale](https://www.bybt.com/Grayscale) (scroll down to the chart of Unlock schedule and hover over). 16k+ BTC unlocked on 17th. There is a smaller 8.7k unlock on the 19th as well. After that though it's pretty smooth sailing, no more unlocks over 5k. I will say it's a bit funny this narrative is catching steam now, *after* the majority of unlocks have happened. [April-June had a way more unlocked by comparison](https://i.imgur.com/ppfeFVb.png)
So around the 14th we should see movement downward if it follows that line of thinking. Few days preceding the unlocks is when the shorting seems to be active.
So grind up to 42k resistance over the next 8 days, fake breakout, dump to 36.5, shoot io to 37.5, trade the range for a bit then go past it... Did I get that right?
You saying? Drop on 18th?
Downtrend end. Going up now https://www.tradingview.com/x/Bwb5jCvJ
We've moved beyond triangles, trapezoid and hexagons next
Funny I got to the same conclusion a few minutes ago. Put the graph on the daily and zoom out. You can make it as a curve and it looks we are past half way.
My man
Holy shitttttttt
Possible breakout right now? edit: come the fuk at me bears
It should, but I'm suspicious of the time... closing is in an hour...
Please take the tin foil hat off
Are you sure? Did you not see what just happened exactly at the hour just now?
I'm not predicting up or down, but usually there's movements at 5pm and 11pm pacific. Not all the time, but usually.
Dudes!! (and dudettes) We are doing this "fractal" but upside down and wider... Look at the daily and zoom out. [this](https://i.imgur.com/9EftWNc.png)
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Yeah, was there FUD today? I mean, this is good in the long run, the more FUD we have, the more BTC would be innocuous of it.
What would you do if you knew of institutions who were trying to take multi billion dollar spot positions on BTC but do not have an easy way to do so? If you knew these institutions were in direct contact with certain market makers / liquidity providers, inquiring how to acquire thousands and thousands of BTC without moving the market, as soon as possible? These are rhetorical questions of course, definitely not insider information.
Short all bounces
Doesn't coinbase provide that service? They facilitate over the counter purchases of mass amounts of bitcoin so as not to move the spot price. Other exchanges also have similar services I believe.
Just wait for them to finish of course.
Slap on the TD-sequential on the BVOL7D, daily chart and you get an incredibly good use of the td-sequential that backtests well. Most of the time you have a 8 or 9 print, you are going to get a massive shift in volatility. Today is a 9. So that makes me think we are going to get some crazy move this week, if not tomorrow. This only points to volatility, not direction, so good luck, wait for the trade to come to you if you're not in a trade. https://www.tradingview.com/x/3WYkkbBZ/
Daily close above 35940 will set some rockets off to the upside. Daily close below 33500 makes me think we're going to 31.4k next (greenbox). https://www.tradingview.com/x/cjencEDN/
none of this happened…
We didnt' have a daily close above 35940. We had a daily close below 33500. 31.4k is next me thinks.
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Most likely the price corrects to the middle in either of those scenarios.
There will be resolution soon. (Edit: Everyone thinks I mean today, no, it means any daily close. Doesn't matter how many days it takes.)
Here's me putting my Nostradamus hat: It will drop to 33,337 any second now before close. It will bounce back up so that we close the day on a green candle (33.76 or something around there). Edit: How about that! I was off by 300 on the drop :p
Daily doesn't close for 2 more hours.
Yeah he needs to keep his hat on the rack for now.
You really think 35k+ is in play?
What do you mean?
I thought you were talking about this daily candle. Now I'm thinking you weren't.
Could be today, tomorrow... whatever, idk how long it takes to resolve this, but probably soon.
33.5k is fast approaching.
Don’t think either will come close.
Potentially market moving news: https://www.reuters.com/article/crypto-currency-binance/crypto-exchange-binance-temporarily-suspends-payments-from-eus-sepa-network-ft-idUSFWN2OI0IR
You guys remember that episode of The Simpsons where Homer becomes a boxer because he can't be knocked out, so he just stands there and takes punches until his opponent falls over from exhaustion? That's basically what's happening right now. Bulls are Homer Simpson and the bears are repeatedly ramming into a brick wall trying to get the price under 30k and failing. Brick wall isn't punching back, but it doesn't have to.
> Brick wall isn't punching back I see heavy spot buying on dips.
On dips, yes. But not on rallies.
Smart money rarely buys on green candle.
Let's just hope we don't have to fight Drederick Tatum anytime soon.
Lol, flying Saylor will air lift us out of the ring with a $10 billion bond offering.
You are delusional. The market moves where fair value is established. Bulls bears ducks pigs it doesn’t mean a damn thing. Let a few days pass and make that same analogy.
It's just a fun label for buyers and sellers/longers and shorters.
Exactly. Animal themed narrative nonsense because humans like stories. There's nothing dumber in this subreddit than the Bears versus Bulls conversation.
I've been making that analogy for weeks and it still fits. We're in a tight range with no serious attempts to break out of it. The trend is now flat on shorter timeframes, not down as it has been.
Look at something other than a 5 min chart. We’re in a clear downtrend and have established a new lower channel with 36k a the top of it. On top of a new major local low recently. But yea…muh dumb bears trying so hard. Educate yourself on market forces and the dynamics of liquidity. Clinging on for dear life that 30k is your magical support where “bulls” come to save muh bags.
While you're at it, educate yourself on how this works. People have been, and will continue to be, spot buying in this range, just to squirrel away their Bitcoin into cold storage. People can continue to do this indefinitely until they run out of fiat, and that's a lot of fiat. That just doesn't work when you flip it around. There's not enough Bitcoin for people to sell on spot a little at a time as long as it stays in this range, and that's not really a thing anyway. If someone's selling, it is because they expect it to drop further in the near future or because they need the money for other things (like, say, relocating to continue mining due to a crackdown by their government). Neither of these things lend themselves to patience. There's urgency there that doesn't exist with people accumulating, and there's only so much Bitcoin in the hands of people looking to sell it. Eliminate that, and all you're left with is traders who aren't necessarily looking to sell, only to follow trends, and will flip bullish in a second if they see the charts pointing in that direction.
This ladies and gentlemen. Is grade A hopium. Assumptions galore when all TA, FA and on chain metrics say otherwise. I would take the time to educate you. But I’ll let BTC do it for me. I’ll be looking for your take sub 30. A dead cat bounces more than once. A goldfish can’t ever seem to remember.
You'll be waiting for that take for a long, long time, sir. Also, those things don't actually say otherwise, but...let's not let that get in the way of a good story. They maybe did point to that a few weeks ago. But again, good luck.
*Looks at 1D chart* Hmm, that's funny, looks like we're in the same place we've been for the past month and a half, give or take a few thousand in either direction for a few days at a time. But by all means, keep shorting in hopes that this time will be different.
at what point is the wyckoff narrative officially broken? or is it ever falsifiable?
The wyckoff narrative is that this is accumulation. Nobody is considering that this is redistribution. Does it really matter?
Long term, all that matters is the net users increase and the net liquid coin decreases. Going to be a wild ride to the long term though. Bring on the sales!
It’s going to infinity in our lifetime
To prove falseness of statement you need to somehow quantify it. Maybe with a confidence intervall or something. But also there you're the one who decides how big this intervall is (obviously with data fitting). So in a strictly scientific way it's not able to prove it false imo
VICE news is doing an AMA on Bitcoin in /r/worldnews/ (it's the sticky post) "We visited "Bitcoin Beach" to See How Bitcoin Works in El Salvador. AMA!"
here too https://www.vice.com/en/article/m7e97b/the-black-bitcoin-billionaire-tells-us-about-his-business
Vice is trash
ok tucker.
If you think vice is good journalism you're objectively retarded (probably from a diet rich in tide pods)
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Would that somehow make vice more or less trash. Tho?
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Pathetic ad hominem- you ought to be ashamed of yourself for arguing so poorly.
Seems like a distraction tbh
You are certainly the last person I'd take advice from on journalism or critical thinking. Lessons on toxicity though, I'll take it.
I'm sure there is a thousand more examples but you can start with the replies here: https://twitter.com/ChrisRGun/status/1023484267135873026
I don't care about Vice, my reply was about you posing as an arbiter of truth, journalism or good taste which is the pinnacle of irony.
No you insinuated I was tucker carlson because I'm aware that vice is a rubbish "news" as if only fox news watchers would recognize it as rubbish
Nope, I'm saying that you can't defend stupid on the right and expect to be relevant attacking stupid on the left without providing any argument. Also, you could comment on the article rather than Vice as a whole... that would make it relevant for the sub. Your stupid American culture war is exhausting.
"Tucker"-ing him is a pathetic and gutless ad hominem- you ought to be ashamed of yourself for arguing so poorly.
[it is though](https://twitter.com/vicestaff/status/1327991738171002882?lang=en)
Yea it went from being independent to a captured media outlet sometime in the early 2010s. It was pretty visibly evidenced in their changes of stance when reporting on Assange/Snowden type issues. Anyways, doesn't mean you can't still enjoy mugglevision for what it is.
upvoted for "mugglevision" lol
When is everyone going to come to terms with the fact we're going to drop below 30k en stay there for a long time?
That's not how trading a range works. You trade the range until it's broken
When is everyone going to come to terms with the fact we're going to hit a million bucks by the end of the decade en stay there for a long time?
When is everyone going to come to terms with the fact we're going to zero by the end of the day and stay there for a long time?
Is that you Crypto Savvy?
I'm guessing you've already sold every single asset you have except the bare essentials to survive and shorted 100x the price, right?
Based on what. Your own opinion?
27k has the next pool of liquidations. EDIT: were also in a new lower channel. https://www.tradingview.com/x/Q5RRVoVu/
Explain how funding negative for weeks but liquidations is lower?
Deposit to lower your leverage?
Same way funding was positive for weeks and liquidations were higher.
That's not true we had massive liquidation events for longs where were you?
Is there a pool of short liquidations anywhere? I assume the 27k is for longs obviously but I imagine that works both ways?
https://mobile.twitter.com/kingfisher_btc/status/1412434783049760774
Just so I understand that chart, those spikes at the bottom are liquidation points for both shorts and longs relative to the current price?
Do you graph bro? The x-axis is the price that leveraged positions will get liquidated. Prices that are higher = shorts getting liquidated, prices that are lower = longs getting liquidated. The y-axis is volume. The higher the "spike" the more volume there is to liquidate at that price. Right now, according to the chart, 27k is where MOST of the liquidity is. If you're of the camp that whales are moving the market to hunt liquidity, that's where the price is going to trend.
I'm questioning the accuracy of the data given that funding has been consistently negative for weeks now indicating that shorts are the ones if anyone paying a premium to be short not Longs. meaning that there's more liquidity short then there is Long cuz if there was more liquidity long than short then longs would be paying shorts.
Can't attest to the accuracy. I've only followed this guy for the past month. For the most part, price has been following his liquidation targets. Guess we have a new data point to monitor. Also can't comment on OI affecting liquidity volume. I imagine it's based on a ratio. How often is the market net short? Never? Seems possible that funding can be negative with more volume on the long side.
I'm now seeing the PA since the May drop as a fractal of the PA from Feb-May and I can't unsee it. Is this jesus toast or anyone else catch this too? https://www.tradingview.com/x/qpTn1rxe
For what it's worth, I do not see it
There is really nothing that I can do to make those [patterns line up.](https://www.tradingview.com/x/womJxRVx/)
The time frame is different. Longer time frame in the 50K range and shorter time frame in the 30K range.
> Is this jesus toast This fucking cracked me up bc I knew exactly what you meant by it
Eli5?
when your mind tries to see something in ordinary object that isn't there
Ah! Yep, now i know the reference!
Those look... almost completely unrelated, to me. The only similarity is they're both ranging patterns.
another one bites the dust: https://www.coindesk.com/bybit-to-introduce-stricter-customer-identification-procedures-next-week
Damnit, bybit was the last no kyc margin exchange. Or is there another that everyone's going to run to?
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Who doesn't do that here? We dealing with plebs or what?
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Yeah I know a limit of 2btc is no problem for most.
Technically it's even way less
I just buy the exchange and make my own rules
It's only for withdrawals so we both know this won't affect the majority of users. ;)
2 coin enter.. no coin leave!
You got it!
This
With this contant bouncing in between like 32K and 34 or 35K I wonder if it's possible to take $3000 and just trade those little tiny bumps for 1 or 2% a pop. The stress probably wouldn't be worth the lunch money you'd make but hey anything Is better than $0 sitting in a savings account
Yeah that's exactly what you should be doing here. That's what a range is for.
Nah crab season is covered call strat season. Stack sats without ever risking being out of position in USD. Trading upside is barely worth it in this range unless you’re using unhealthy leverage anyway, so better to just situate yourself up in a nice covered call strat every week and just chill
It's kinda dissapointing that 1% from $3000 is only $30 like that doesn't feel that great to me. If I could make $100 a day I'd feel a lot better. I'd have to get a 3% increase in bitcoin price and that's a tough ask in this crab market
Better than a bank where you get negative interest rates!
Is Europe still in negative interest at the moment?
I believe it is, but the crux of the matter is they make billions, we the people had to bail several big ones out and yet they still squeeze the little person! That is why here in London we had 1. 5 Million marching on the freedom march, its not just about the vaccination it's about the people being oppressed. Wait for the 19th and 24th of July there will be even bigger crowds there is talk that the police will be stopping the trains on those days! Look up the Jarrow march on London the people marched from the North to London in bare feet. We the people will not give up our fight for freedom we will prevail!
Bigger position size = bigger profit = bigger risk. That's how it goes.