Quote from: siameze on June 20, 2016, 03:42:49 PM

Quote from: barbs on June 20, 2016, 03:01:33 PM

I already called this a few pages back, yes it is an auction pump, screw over bidders, maintain control of the BTC market.

This is not an auction pump. Only 18M worth of btc is up for auction. The market makers this time must have put in way over 100M in the last 5 weeks. At least!
This is just a break for a moment, you'll see some sideways action form on the daily and then 1 or 2 more sideways weekly candles then moonshot.
Get ready!

Bought $100M worth of Bitcoin in the past 5 weeks? Have they really?

How much of the exchange volume do you think is real, how much is smoke and mirrors, and of that that is actually real, how much do you think is one whale entity hand simply selling a bundle of Bitcoin with his left hand, and buying it with his right hand?

Around the time of the 2013 pump, I had done around $1 Million worth of business on Bitstamp, yet my capital always ranged on average, around $35K, (starting around $20K, getting up as high as $50k, before being somewhat destroyed). Do you see how this works?

The Australian auction was smaller than the FBI auctions, that much is true, 25K BTC v 50K BTC. But that is still a shit ton of BTC. If someone were to dump that amount with no intention of buying back lower, that would hammer the market, although with that said, I don't think the bidders intentions will be to dump, but rather the Bitcoin Cowboy Cartel (Chinese motherfuckers) intention was to make the bidders pay top dollar for their Bitcoin.....

Anyhow....came across this:

http://www.cnbc.com/2016/06/20/all-that-glisters-is-bitcoin-now-as-safe-a-haven-as-gold.html

'Bitcoin, a safe haven asset just like gold"

lol!

Mainstream media telling Joe Public to FOMO buy into Bitcoin, right at the upper reaches of a Gann 1x8 defying megapump. These people are fucking sick! Why is the world so full of utter cunts?

Quote from: Luthier on June 20, 2016, 04:08:48 PM

Mat, the RSI on your chart is showing massive hidden bull div. Not saying 790 wasn't the top because level 1 thinking would suggest it is. But selling needs to pick up in a big way soon to confirm.

No. There is massive bear divergence on the last few sequence of tops, confirmed by the RSI putting in M top structure. Furthermore, that red RSI line (the 'VIP Line'), has proven a critical level for the whole of the pump. Every single leg up, has involved a breach of that line, the only times we have had any sort of correction, has also involved a breach of that line in the opposite direction. I would watch that level like a hawk.

What you are calling 'massive bull divergence', is what they call 'hidden divergence'. I don't pay much attention to hidden divergence.

Here:

You can see that the lower time frame MAs are all rainbow crossing bearishly. The 120 min doing so for the first time since the whole pump began, the faster 4hr MAs doing so for the first time since the pump began. If/when there is a 4Hr bearish rainbow cross, then Bitcoin will be in line for a bit of nasty corrective action, after such a parabolic move up. By the time that happens however, it will be a little too late to sell. Shorters need to try and front run that rainbow cross, and timing that will not be easy. Shorting is a hell of a lot harder to do that long trades.