BITMEX:XBT   Bitcoin / US Dollar Index
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Comment:
Comment: Bulls are pushing us back up but with a lot of selling pressure against them.

Eventually this will blow off, one way or the other.
Comment: I rode xrp up and now attempting to ride it back down a little
Comment: came within a few dollars of being liquidated on BTC but am safe as it goes back down, that trendline acted as a bounce point as planned.. Phew
Comment: Chickened out and took profit early, thank god, same with XRP.
Comment: Phew that last drop came within a few dollars of my stop loss, still in this
Do you think the bulls and bears are different people or the same people merely creating that illusion? How often do you think it's real, how often do you think it's whales creating an illusion?
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TroyByrne samiswilf
@samiswilf, What is happening here is an is either Big MOney Accumulating contracts to long, or selling of their contracts, to accumulate a large number it cant be done in one go as it would either crash or moon the Market, plus there is not enough liquidity available at one time. Which one is the key here, because we will see a significant move after this is done, i'm still Bullish but im far from confident.
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@TroyByrne, I think market is disoriented now and TA won't work for small time frames. Similar to pre 12th Spike.
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@hkh222, Agreed, 100ema on the Daily seems to be fairly solid resistance, sitting near the top of the bollinger bands too, which would suggest the move upwards would be limited, to around 8300.
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TroyByrne TroyByrne
@TroyByrne, But you never know
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cI8DH TroyByrne
@TroyByrne, very possible.
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Have already taken profit on my XRPUSDT long, will reenter when correction looks done. Am also holding XRP and ETH; will add to these on the pullback. Have also already sold my STR into BTC, and am buying back STRUSDT on the dip. Crazy busy happy day! Cheers to all.
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TroglodyteHomunculus TroglodyteHomunculus
Will wait for 1hr MACD to return to zero to buy back into STR. Watching XRP; not sure its 1hr MACD will go to zero this time round. BTC also looking especially bullish. Not sure how far it will dip. Will just wait and watch.
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TroyByrne TroglodyteHomunculus
@TroglodyteHomunculus, Yeah im in two minds, so I got out. Better to be out, then get whipsawed or be on the end of a wrong trade. XRP looks to be building a Cup n Handle. Im hitting the bed soon, so might miss it too.
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@TroyByrne, Good night, cobber! We've made profits today and we'll sleep well.
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