Quote from: haroldtee on October 16, 2018, 08:19:07 AM

Quote from: exstasie on October 16, 2018, 02:15:18 AM

Quote from: Crashing on October 16, 2018, 01:57:39 AM

I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected.

It may turn out that way. On the 1-day chart, the spike through the top of the range only ended as a wick. So there's been no breakout yet, and to boot, the other exchanges like Bitstamp and Coinbase didn't break their previous highs. Undecided

Still, I'd wait a few days to see how things shake out. Long/short ratios are still heavily in the bulls' favor. The price differences between Bitfinex and other exchanges has closed up a lot, and we're still sitting on solid gains over the past 24 hours. I won't be surprised if this resolves to the upside.

That was actually some USDT bullshit stunts, and I wonder why a lot of people are still making use of it, despite how shady everything about USDT is. The price never broke out from the triangle and actually, it was USDT pairs alone that had the huge spike due to some news about some implosion or whatever. Even on bittrex, where both BTC/USD and BTC/USDT pair is traded, only the USDT pair had such an erroneous move. As far as I am concerned, USDT days are numbered.

It's not just USDT, but also Bitfinex. Bitfinex and Tether pairs are a massive portion of BTC trading volumes. It doesn't matter if Tether's days are numbered. For now, these pairs have a very obvious effect on the market, whether or not people write them off as "bullshit stunts."

As an example: if it were only Tether pairs that were moving, then why did Bitstamp spike up $500?