[ Bitcoin ] Bitcoin dumping same hour in last 6 days. Watch out for Dump o’ Clock time today!
Something very strange is happening the last 6 days. One of Dan’s followers at The Chart Guys has made this graph below.
In this chart you will see that at about 10am to 11:15 Eastern Time there is a dump. That is about 4pm to 515pm South Africa time (GMT+2). Will it happen today again? Or is it BS?
Yesterday we saw a dump to $8795, but this was at 10pm my time in SA GMT+2. The turn happened above the previous 7 day low of $8416 on 9 Mar. So that is positive, but this is my new support too. If we break $8416 on Bitstamp we are going lower. :(
Here is Dan from The Chart Guys explaining Dump o Clock:
What do you think there is a Dump o Clock factor bulling down Bitcoin?
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Now a days, I am like "Bitcoin, please don't go down, please please" because I bought it at 16k and now it is at 9k.
I had some investments and I was planning to buy new laptop but at the price where it is now a days It will hurt if I will sell it :p
Ono!!! Hang in there @suf1an. What about buying more to average you price down a bit?
The thing is I don't have any more money left for that otherwise I would have done that.
Poor Me :)
Things can only get better, let hope $8000 holds over the weekend.
Ok, it not! Now at $7399 as I am writing this. HOLD on.
There only 2 right things you can do now.
Yes, that's true. I am thinking about the second point of yours. let's see.
Yes 16k would be nice!
Not soon looks like.
I am going to watch the Bitcoin price at 4pm today. Let see what happens. Nothing will probably happen now that everyone knows about it?
Jip, I will be watching too!
nice sher bro
Agree
thank you.
Interesting about the dumping, my question is WHY?
I enjoyed your tips on the upvotes.
I am glad you do. I think it is a couple of whales having some fun with the price action. Or maybe it is couple of bots with the same program. Don't know @xeniaioannou
I think it is some Whales having some fun in the sun. And on our expense!
This bear market is not fun
My two cents: I see the Chart Guy obsessing on the smaller time frame, meanwhile Bitcoin is breaking down on the daily and weekly. I don't think the dumps are scheduled for a particular time per say but more like triggered around a certain price area ($9500 imo) to drive the price down and cause a washout. As for "we're used to natural price action", I would certainly disagree with that, most of the trading activity is automated these days.
Very interesting view. Yes,the Chart Guys are daytraders and they do look at the charts on very small or short time frame. Maybe they should zoom out a bit. Thank you @tradealert
Good point @tradealert. Sometimes we need to look at the bigger picture too!
Thank you guys :)
@lizette and @colinbrazendale
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Will do my friend. :)
I see you like animals @banglawolf?
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Good show
Ninja attack
Dump o'clock Lol
Crazy times
Indeed, I wonder how 2018 turns out in the battle of regulation vs people power! :)
It is quite certain that the correction is not over yet, the prices still downward, the current resistance does not have enough strength to be broken due to the sales force being superior.
My review today about bitcoin: https://steemit.com/bitcoin/@jean77jta55/analysis-of-the-current-moment-of-bitcoin
I just hope 8000 holds for now and we go up from here. Out with the Bears.
Bears are still in control, trust it will the Bulls next week
Interesting
I will track this to see if it will repeat itself.
I think it stopped. I think the Whales have moved on.
Jip it is just going down all the time now
11.97% @pushup from @colinbrazendale
Thanks