chrisdunntv
Short

Next Leg Down For Bitcoin

BITFINEX:BTCUSD   Bitcoin / Dollar
2333 22 13
Looks like we could get a retest of $225 soon. There have been a lot of exchange hacks lately and heavy selling (probably from hackers). I'm not a huge fan of shorting mid-range, just showing where it could pop to.
frisby
2 years ago
Yea heavy selling on TOP exchanges from hackers, you are the one! LOL.
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chrisdunntv frisby
2 years ago
Think about it… Hackers who get bitcoin on other exchanges can sell them wherever they want. Also hacking on smaller exchanges creates fear from traders on the bigger exchanges
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Tone_LLT chrisdunntv
2 years ago
If these hackers are smart, which i would assume they probably are, they would be selling on LocalBitcoins to avoid all trails to fiat. Also it is very questionable if any btc was actually stolen as in the case of Mt. Gox (was it really there like they say?)

people moving to a few big exchange might actually create some stability cause it would take more consolidation there by big players on there to move the market (up or down).

I see all these bad exchanges going down as a big positive
+1 Reply
Tone_LLT
2 years ago
I'm still slightly bullish on the daily:
The Symmetric Triangle is Ready to Burst... Leaning Up


and giving the short term triangle a little more of a chance to pull it out. Definitely agree on the exchange scare weighing things down:
snapshot


Have not put it to a 60 min chart... thanks for the post.
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chrisdunntv Tone_LLT
2 years ago
Nice!
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xFuD
2 years ago
Good job chris.
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chrisdunntv xFuD
2 years ago
Thanks
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doug.hoseck
2 years ago
Hi Chris,

I think it's going to test $200 'cos of all the negative exchange & regulation news floating around...
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wonky_tonky
2 years ago
hackers selling on publuc exchanges is overrated.. it probably is not the smartest move to make .. they might sell it over time over different ppl and acounts and mixers.. but probably are putting them aside for a while.. until the heat goes away.. and silently sell them slowly in smaller parts.. then again..btc market and fear.. goes hand in hand.. i'm still bullish.. unless 215 220 realy breaks with confirmation.. but then again.; where will it go? lots of long term buyers are sitting just sub 200 so .. let them sell :) i'll be waiting. then again.. i hope it goes up .. been buying silent for a while now for the last weeks :)
+2 Reply
IncreaseMyT
2 years ago
up up up I say, heavy accumulation going on.
-2 Reply
xFuD IncreaseMyT
2 years ago
Do you know what accumulation is?
+1 Reply
IncreaseMyT xFuD
2 years ago
I guess not, please explain. This is the part where you get all expert on me and give me a bunch of reasons why its going up or down, so please go on.
-2 Reply
2x-Short IncreaseMyT
2 years ago
thanks for the chart chris! i shorted 242 last night ;)
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xFuD IncreaseMyT
2 years ago
Who's got time to explain to people like you o_O
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IncreaseMyT xFuD
2 years ago
Die bears die, all of you
-1 Reply
IncreaseMyT IncreaseMyT
2 years ago
Did you happen to notice the volume on stamp when we hit 232?
-1 Reply
blackswan xFuD
2 years ago
he's just delusional bulltard, don't bother..
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IncreaseMyT blackswan
2 years ago
Hows that shorting going for you guys xD
-1 Reply
blackswan IncreaseMyT
2 years ago
what made you think we were shorting? what you don't seem to grasp is that most of us here are just traders and make money off naive people like you be it shorting or going long...
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IncreaseMyT blackswan
2 years ago
Why am I naive? You don't know anything about me, and I can promise you this, you have never made a dollar off me. You guys are just mad cause I had a different opinion, I simply said there was high volume at 232 on stamp so we were obviously going up. What don't you get about that? I am not mad at anyone, I am glad everyone makes charts, they are interesting to read.

Bistamp is at 240 and you will panic buy back soon sending us over 250. All I did was give my opinion, get over it.
-1 Reply
IncreaseMyT IncreaseMyT
2 years ago
thanks for all the neg reps guys appreciate it :)
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Really enjoy your analysis Chris - please keep up the good work. Personally I would have thought hackers would more likely sell into rallies in order to maximize their profits, which has possibly already occurred...

Personally I have a more bullish view - of 285 and 360 possible targets before we see 225. All just opinions... Please continue to post here :)

snapshot
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