Cryptocurrency’s taking a swan dive

[metro]

Some one explain this to me! Is there an angle here????
Bitcoin briefly crashed 87% to about $8,000 on Binance's US crypto-trading platform

https://www.yahoo.com/finance/news/bitcoin-briefly-crashed-87-8-143639198.html

The reason I am asking, cause at Gemini (I dont have Binance) I put in an order for 62.5 and it was filled at like 1:40 am in the morning, yet the price was way higher at that time...
Maybe we should put in "unrealistic" prices yet they could be filled, in times of turmoil???

CNBC previously reported the price of bitcoin and other cryptocurrencies could vary from exchange to exchange because of the difference in supply on big platforms to small platforms. On top of that, there's no set way to price bitcoin, CNBC said.

yes but you would have to a buy order in on the book that this occurred on.. I know someone that does it overnight and had had some filled .. but not ones close to that much .. like a buy at 14,000 when the price is 21,000 and it got hit ..

those buys and sells are sort of like towers with lightening .. a lot of people with stop losses , lose money because of many lower stop losses or buys below their stop own loss while hitting their stop loss on the way down down only to bounce back in an instant leaving you closed out of a position you were in

 

[metro]

Most of my posts in this thread didnt age well. LOL

nah your question about LP's and wether your contributions return was based on the success of said project, is a great question.

 

[Ricboff]

Can someone show me just one chart in the history of the markets, when after a move like that, it didnt retrace 50 percent?

not sure what you're saying

see post #16 (written in May,after the long legged doji formed on the April candle.) BTC did retrace 50%, actually to the .61 fibo level and HELD. This retrace is taken from the breakout level , Nov 2020

 

[Ricboff]

red flag has formed on BTC weekly chart. This is such a volatile underlying , that looking at the weekly has significant value


https://www.investing.com/crypto/bitcoin/chart

click candlestick, click 1W (that's the weekly chart-each candle is a week of action and closes every Sat at 8 pm), click widescreen iconè

look at that. The anatomy of the candle is nearly identical to the anatomy of the candle that presented in April 2021. This candle pierced the all-time high but retraced before closing leaving a long tail north of its body. Its presenting at a top-- this set-up is bearish short term-- or rather probability leans much higher to bearish.

however, the set-up is not like we saw in April -- that time saw an insane sharp vertical ascent (see post 16)--simple not stable , and had the April monthly candle present with a doji. This time does not present such-and supports are in place (they can of course be breached if negative news yields panic).

what can it do from here;
-pause-form an army of support at this level, it may breach last weeks low but quickly regain
-retrace- first clear sign of support from the above chart is $49,000-$47,000 zone

 

[Ricboff]

re-posted part of the psot from 2 weeks ago ( the above post);
"what can it do from here;
-pause-form an army of support at this level, it may breach last weeks low but quickly regain
-retrace- first clear sign of support from the above chart is $49,000-$47,000 zone"


last week's candle-- a doji, indecision..this week looks like another doji (NOT confirmed, closes Sat at 8 pm). BTC is pausing. a series of dojis is more significant than 1 doji--that is, when it breaks this consolidation the break will be decisive.

the chart link is in the above post

 

[rolltide]

oh this cunt....


During a panel discussion at the Bloomberg New Economy Forum on Friday in Singapore, Clinton rattled off a list of technology-driven "asymmetric power centers" that threaten governments, including 'disinformation, artificial intelligence, and the rise of cryptocurrency,' according to Bloomberg.

"One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency -- because .... has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger," she said.

In describing this rather vague threat to nations and multinational corporations Hillary betrayed the fact that she doesn’t know the difference between Bitcoin and the separate asset class of cryptocurrencies.

Therefore, when Clinton casually throws crypto in with her laundry list of threats to her political and economic worldview, she is categorically wrong. Cryptocurrencies cannot undermine fiat currencies or nation states outright, because what they offer is fundamentally the same as fiat, which is an asset that can and is debased by governance.

 

[SmallDaddy]

The world should get off the dollar.

The printing of dollar gives the US too much of a competitive advantage..

Shit should hit the fan when/if food shortages start to happen on a global scale.
I doubt other countries will just sit idly by while the US buys up (outbids) everything in sight

 

[Ricboff]

posted on Oct 24 th, #224.

'red flag has formed on BTC weekly chart. This is such a volatile underlying , that looking at the weekly has significant value'

The red flag did indeed pan out

'what can it do from here;
-pause-form an army of support at this level, it may breach last weeks low but quickly regain
-retrace- first clear sign of support from the above chart is $49,000-$47,000 zone'


here's the chart; (the WEEKLY, each candle is a week of action)...........

did indeed re-trace to said above level , with 3 weeks of action in this zone of $47,000- $49,000

Bitcoin Price Chart Live - Investing.com

View live Bitcoin price chart and follow real-time Bitcoin price changes.

www.investing.com

click 1W, click candlestick, click widesceen;

this week's candle closes Sat at 8pm . IF if closes similar to the anatomy as is? bullish, a break of $52 and loads of room to run. real short term, the 4 hour chart is at a top, needs to break or else risk to $49,300ish , expectations is to hold that level

the technicals are suggesting sentiment in ICONIC BTC may be changing