Quote from: casperBGD on Today at 09:32:57 AM

Quote from: Majormax on Today at 09:26:43 AM

Quote from: exstasie on Today at 12:42:23 AM

Now let's see if this quickly retraces and if bears start piling on shorts. Either (or both) will give us some indication of where sentiment is at, and whether we can expect more carnage.

Yes. This is not now a point to put on new positions, possibly close out if you shorted from ~9900, which was the low risk trade.

The range from 6500 to 10000 has reinforced itself again, and the bearish nature of 10k rejection should make potential longs cautious.

Looking at fundamentals, the big shakeout of miners after halving is going to hit hashrate (as always) and it remains to be seen how long liquidations overhang the market.

Always the caveat that BTC is different from other markets, but its price sure is behaving much more like an established commodity nowadays.

agree, 10k was rejected few times before halving, and it is questionable could it be crossed in near future, without some fundamental positive news

Personally, it seems to me that Majormax tends to describe (perhaps dramatically) bitcoin's upwards resistance points as much stronger than they are, and from time to time, he has to modify his previous assertions to account for the fact that bitcoin has a tendency to be way the fuck more upwardly mobile than his lil mainstream price models would (or can) bear attributing.

Quote from: Globb0 on Today at 09:34:52 AM

I spotted the signal but I just cant seem to stomach the risk of margin.

Oh my, Globb0!!!! If you have potentially accurate information that others do NOT have, then you better get your ass out there and trade it, before it is too late.. and then tell us later... after you already got your orders/bets in place. Cheesy

By the way, I am curious? maybe you can disclose later, but what the fuck is the purported signal? Are we going up or down? I still don't see any odds of anything greater than 50% in either direction, especially after our quickie correction from 15-16 hours ago... (of course, looking at the time of your post (7 hours ago), your then information might have been a bit different from what information is available now, at the time of my typing this post).