Hi friends! Welcome to this update analysis on Bitcoin!
This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag. Price is now back under the rising green dashed trendline. After a weak bounce today, it looks like prices are poised to fall lower, possibly to test the bottom of the pink channel. Be on guard, because today's bounce appears to be failing. Be very, very careful right now. I would recommend very tight stops if you're long (for educational purposes only.)
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
This is all bullshit. Bots are mainly controlling the price and anyone who tells me otherwise can go continue to be a sheep not seeing what I'm seeing. Does it just so happen that $25.3100 or 0.003 BTC just seems to be popping up whenever there is a chance to change the price to higher levels? It's all being manipulated and its bullshit and this ENTIRE market is going to pay the ultimate price if they aren't removed from the situation. Just go watch an order book you'll see what I'm talking about. Oh, another BOT note. Did anyone happen to catch really why DGD was the only winner per say the last few days because I did I happened to be trading DGD for the last 4 days and when I trade I trade 22 hours a day I watch everything and pay attention to not just the Charts but the buying and selling patterns along with actual prices not what may or may not happen what is happening. RIght before the shit storm about 12 hours or so on Weds morning. DGD was riding in around 9:00 407BTC was on the buy which was a single order because I saw it pop up there and it was actually 528 and whoever this great white whale was reduced it to only use that other 100BTC to continue pumping the price watching that unfold also. So 4 Million dollars is strategically placed into DGD causing what unfolded to be a 500,000 BTC gain in the next 48 hours. Shit did I forget to mention the other 4 million on the 26th that was thrown in there? Anyway, this entire market is so manipulated it's insane it is not volatile it's CONTROLLED. Next time you're waiting to place a buy or a sell on anything take a second to pause and watch the order book. Hasn't anyone ever said Hey! Why when I place my buy in within a millisecond some bullshit small buy is entered above mine? Then I do it again and again and somehow someone is just right on top of my price by a small %. Probably millions of people out there just think that's someone placing an order and just happens to be after you hit enter right? NO that's an F-*7ING BOT that is programmed to say IF current price XYZ place buy at XYZ % higher. Ever notice how if you keep reentering your buy the price somehow keeps going up? You just can't seem to get that buy in there, can you? Unless you really jump higher with your buy do you get it, because now your outside of the bots XYZ % and the same thing goes for selling why cant you sell why when you enter a selling price it just goes cheaper and cheaper? Anyway, hope you get the point. @MagicPoopCannon sorry for the long post just needed to rant about this falling bullshit fake ass priced coin and coins. Your technical analysis is top notch and I have to say your record is impeccable with your calls !!
CryptoMill_Os
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Edit, DGD was riding in around .02000000 before the 5,000,000 Satoshi gain. and 12hours before the crash I meant
piladcoin
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@CryptoMillo, I'm sorry but I feel different. If I calculated my price carefully, it's filled. And if I feel like I can't catch up, I just skip this trade and wait for another one. Don't run after a moving train, there will be another one.
CryptoMill_Os
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@piladcoin, its not a moving train its in a buy position, if you calculate your trade and its filled each time then you've never been a price mover and a bot cares nothing for your buy
@Snacks, I knew someone was gonna bring that noise lol bravo @Snacks I only like non-stick Tin Foil
one000
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@CryptoMillo, there is one bot on GDAX which is very aggressive and I bet anyone who see gdax for couple of hours a day knows that one bot. that same bot does one more thing, it begins to sell equal amounts of BTC on buy walls every second where ever possible and thus creating domino sell effect. one bot I remember which did buys of lite coin in November at a rate of exact 50 ltc ( wherever possible without collapsing the order books ) roughly per 10 seconds for 7 days straight.
CryptoMill_Os
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@one000, Thank you, Sir, Thank you! Market I'm referring to today with the $25/0.003 is Binance. It's not just BTC either many alts are consumed with these bots. There are two different types of bots out there though I have to add. One is simply to help a manual trader make his job easier the other is the DEMON which affects the lives of working people everyday with a puppet master of a whale behind it.