12800, almost 1000pts down from todays high.  Profit taking?  Might go down thursday and friday to 10k...

You can't have up forever. In any bull run,  there are always consolidation periods. Im betting it will settle for a bit, then continue soon. Probably 1 to 3 days.

Quote from: Bigbroben on Jun 26, 09:39 PM 2019
12800, almost 1000pts down from todays high.  Profit taking?  Might go down thursday and friday to 10k...

Getting there.

I'd be surprised to see another bull run next week, at least as pronounced as this one.

This looks scary:


30 DAY


But then go back a bit to put it into perspective:


6 MONTHS


What some see as a disaster, others see the bigger picture and understand natural progression.

This is where the bulls pull back, and turn to bears. Then they short with leverage. The "weak hands" (small investors) poo themselves and sell. The whales buy back at a discount. They keep trying to push the price back as low as possible to buy more.

Then before you know it, the price heads back up again.

It is major manipulation. It happens in stocks every day, but bitcoin is even worse. The SEC does nothing. The SEC doesn't exist to protect you and your money. They exist to protect much bigger interests, which arent yours.

Ten baggers.

Those who bought at 1000, they've got their 10-fold profit.  Those  who bought at a hundred they must be millionaires by now unless they sold earlier.  Let alone those who bought below 10 bucks...

Will BTC or other cryptos do another tenbagger?  Might take a while.

By the way:  what's bitcoin market value?  How many bitcoins are out there?  Is it a billion worth, a trillion?  Do you know?

I have some penny stocks going towards a 10fold rise.

Bitcoin is like a microcap stock so the price moves quickly. I dont think btc is worth anywhere near the current price. It should be more like $300. You can see basic stats at link:s://:.worldcoinindex.com

I think the price is still going to drop more before it resumes an uptrend. Maybe around $9000. It it gets to that then the trend will probably reverse, and we'll get strong buying again. What's pushing prices back down is both large and medium investors trying to push it down in a massive collective fraud. Then they'll buy it all back plus more.

The SEC doesnt charge people with this massive manipulation because they dont have the resources, it would be very hard to prosecute even one person for it, and it doesnt harm their interests anyway. So they let it happen, every day.

Already bulls are trying to push the price back up. Looks like a combination of bulls and normal investors just trying to buy low. See circled areas.



If the bears are done, they'll switch to bulls/buyers and the uptrend resumes. But I'm not sure that will happen this early. If the price goes much higher it will. The gaps between bull attempts are getting smaller.

The guy that did the massive sell in red circle may be responsible for some of the smaller buys, and soon a larger buy in the green area. So these whales can crash the price, then build it back up. It's basically like stealing, and it's possible because they have so much money they can control market direction.


At any time he or another whale may decide to dump more, to make people scared and sell off. What they do depends on what they think would have the biggest impact, either to make people greedy (buy) or scared (sell).

Also they will have margin trading accounts, so they can move the price a bit with say $50m, but make 50x gains with margin trading. It's as clear as fraud gets. And it happens every day.

Below 10k.  Will touch 8500?

It probably wont be far off. There were some heavy dumps, but it's only a matter of time before the same people switch to buy. Longer-term though there's a clear uptrend.

If the history is reliable to go on, there will be another parabolic run UP soon, which should be even bigger than the end of 2017. If it does happen, it is mostly manipulation again. Bitcoin is way over-priced. I'm expecting there will continue to be huge pumps and dumps for some time to come. It's actually quite sad to see. People are blinded by greed and oblivious to the manipulation. It is not a currency. It's more a trader's tool.

Question is: how much money would need to be poured in for the price to reach 18000 again?  What's the market depth?  With more and more people playing the game, volume will need to be higher to breach it.

In the meantime, gold has finished its retreat and is flirting again with last week's highs... if it goes above 1450, it's headed to the historic summit of 1900.

Lower volumes make the price much easier to move. So when big traders see low volume and a suitable price chart, the price will change rapidly (up or down). The direction more depends on the what the trend looks like, and what gives whales the best options.

Mmhhh,  will rise to 14000?

I sold mine last week so it will probably hit $50,000 in the next two days...