Stop-loss has been triggered

We are the tether marines!

My body is ready!

Unfortunately, I don't understand these charts as I'm just in the process of starting to learn investment and trading to help provide a good future for myself and family (plus Lambo). If it's not too much trouble, could you quickly explain what's going on here, please?

Thank you user. I didnt notice.

No fuck not back up. I NEED SOME CHEAP COIN YOU FUCKS.

on the right: sell sell sell means its going down

Someone explain to me what's going on. What are the odds of Bitcoin falling and how can you tell from these charts?

Left are buy orders. Right are sell orders and the middle is the current market value. As the bubble inflates that sell hump grows until an avalanche happens. Then it starts to cascade on to the green hill. Theres also hidden variables like stoploss thats not displayed. When you hit common numbers like 3500 or 3000, where people commonly put their stop loss, you get a surge of sells which perpetuates the avalanche.

Put some meme lines and Fibonocchi to see if it's really recover. Beware of the whales.

Crash already you pos.

>spoonfed
The price of BTC is most likely about to plummet. So if you have BTC, you can either place it into USDT (tether) or chance it and go to BCC (which could skyrocket if BTC crashes)...or if you don't have money on the exchange(s) you are possibly about to see a good buy in window (or gian chasm if it lasts) The idea is that you buy back in after it has crashed.

wowe user u lost whole 12 euros, suicide when ?

I lose 15$ from 600$ for not selling soon to Tether

It usually does this. But that sell hump is still huge. People buying right now are idiots.

buy orders at 2700 and 2800 initiated

see you there, optimistcucks

I hope it crashes to 2000, I desperately need to buy more.

All you dumb nocoiners be ready to buy the motherfucking dip.

please crash now...I'm ready. Don't be a faggot and go up...plz

optimistic delusional normies BTFO

Just have those there just in case. From what I am seeing and historically, Im thinking its going to drop to 3k by the end of the week.

Its also primetime in China and Japan. Not sure if thats going to help it crash or not. I hope those slant eyed fucks sell.

Welp some big buy walls just disappeared on multiple exchanges, this shit is going to around 3k today

Start shorting faggots

I sure hope so. Tired of waiting for it.

I love BTC. Its like 100 years of stockmarket volatility packed in to a single month.

Here's from an analysis: Nearby support is at the $2800-3000 area which held as resistance in the past. A break below this area, though, could give room for a larger dip to the next support closer to $1800-2000.

Think this bump is a dead cat? Looks like one to me. That sell pressure has not shrank at all.

2000$ would be a sale off! But if the bubble really pop, maybe we should exit now, because it could go to 1000$

No idea desu. The difficulty is increasing today, tho.

This will be the last time you can get cheap BTC then. With increased difficulty is increased price.

Shit, do we know roughly when?

>Country roads take me home, to the place I belong.

We're 5 blocks away.

can someone give me a refresher.. does btc crashing mean alts will crash too?

If it dip too much (aka. crash), so yes. Let the memory of July haunt you!

Yes, as the entire market rides on BTCs back.

No, i got it. BTC is the King of Coins and when the King is having a bad day, everyone in the kingdom does as well, save a few individuals, like say, the headsman or the mortician.

>see BTC form a perfect Head and shoulders.
>sell
>it plunges right after

Why is this shit so easy?

HOLY SHIT HAHAHA, you guys are too funny, if it breaks 3300 its going to plummet, 1800 2000 blah blah. Wont drop below 3210. Screenshot this.

Bittrex buy wall just removed too.

260k buy wall on tether

was there a different one...I see two that total 260k right now?

so quiet...no movement. Tense man..

>Head and Shoulders
Good catch on not being a dandrufffag, but we're slipping into a classic Italian Shitkicker so if you haven't sold yet you better get those orders up.

A correction would be welcome. Just moved my gains into tether.

not gonna last long if it happens. difficulty is going up and segwit inbound in less than 20 min.

I'm calling bulltrap in that case.

Thanks for the explanations, guy.
My BTC is on my cold wallet at home, so I guess I'm just riding it out!

Always keep a little to play with.

Buy hump that appeared a little bit ago has vanished, sell hump as big as ever.

I think that the reason bitcoin transaction mempool was congested last days was due to whale moving coins to exchange

Should I buy? It seems to be going back up? Got 10k sitting and want as many bitcoins as I can before letting them sit for a few years.

We don't fucking know, it depends on the whales

If you're not in now..wait. Otherwise you could be paying $3300 for something that will be worth $3000-2500 later this week. Of course it could just as well go up more...but that is looking unlikely at this moment.

I only have a little anyway, am poorfag.
But what I don't understand is why it's going down after Segwit got locked in yesterday and we have a probable activation date of 21st--that should make BTC moon, shouldn't it?
I might make a thread asking about that, since this post will barely be noticed.

if you intend to keep it all in crypto for a long time your entry does not matter that much, whereas you can trade your way to fine gains on 3 BTC today
we'll consider today's BTC cheap compared to prices 1, 2, 5 years from now

Kek, crypto is a speculation market, user. We buy low in order to sell high. The whale pumped BTC to 3500, now they is reaping the fruits.

Because it spiked from 2700 to 3000 then to 3400. Anytime it spikes, it will dip, always. Remember there are a lot of people not trading because they want bitcoin, they are trading because they want more fiat. And their greed drives the huge variations in price. To take advantage of it.

Yeah, I always think optimistically and hope that this time it's staying up, but as I gain a little more experience I know these highs inevitably fall. I should definitely keep my crypto at hand to dump during these times, but I don't trust the exchanges.
As we get closer to Segwit activation, that should cause a rise though, right?

HERE. WE. GO.

WE ARE THE TEEEEEEEETHER-BEAAAAAAAAAAAAAAARS

AAARRRRRRGGGGGGHHHHHHHHH THIS IS IT

It is a risk gamble, user, Keep BTC in storage if you believe in its future, but you lose potential gain if you keep it in exchange.
It is all meme money to me anyway, because my initial money was from PC mining, therefore I kept it in exchange. Also, I only accumulate fiat money, not BTC.

Segwit is already locked in so thats not even news. Its pretty much business as usual now. Huge unrestricted swings. I dont know why you would even hope it stayed up though. If it never comes down, you cant get cheap coins for your patience. Unfettered rise is good to but if a moon didnt get followered by a dip, then that would cause some problems.

meme triangle on the 5-minute chart

Meth?

user, don't you think that the whales have drawn the graph so that meme lines appear?

Sometimes I get too paranoid and think that the whales are so arrogant that they're manipulating the price in order to draw perfect TA-friendly meme price fluctuations.

I do believe BTC is the future and hold some ETH and XMR, too, so I am kind of a long-term holder. I initially bought my bags as possible insurance against economic or currency collapse, along with a bit of physical gold and silver, so they are intended for long-term and not gains, but damn it, I have felt the greed monster rising inside me lately and seeing my modest gains being eroded hurts. I tell myself that as long as I don't go into the red, it's cool, but fuck, I hate the dips.
Would love to be able to buy the dips, but I have no money.

Already? I won't sell at 3300, there's more to get. It's worse than last time which makes a crash pretty unlikely.

fucking hell...I really wanted an Italian shitkicker already

I bought in because BTC is the future and buying BTC beats leaving my money in the bank so they can steal it. I love the dips because they allow be to get more coins as the price marches upwards overall. Its also a highly active market that you participate with out getting robbed blind by the exchanges unless you already have 30k to invest with. You sure as hell cant start with 30 dollars on wallstreet. It also recovers from a crash within a week rather than the decade Wallstreet requires.

Hello Christopher Heller.

I agree with everything you say--I hate the central banks; the fractional reserve ponzi scheme; the shitty usurers; the inflation that steals the citizens' wealth. I view BTC like a democratisation of money. It's a shame mining cartels have popped up, though. That's one of the reasons I support Monero: it's genuinely anonymous, so difficult for The Man to control and it's ASIC resistant, among other things.
I would absolutely be buying the dips if I had money to do so.
Good luck with your endeavours, user.

Thought you were a stalker there for a second.