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?
Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.
Thank you. :)
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Thank you for your support.
Regards
Colin Brazendale
Email: [email protected]
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
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
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Ono!!! Hang in there @suf1an. What about buying more to average you price down a bit?
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The thing is I don't have any more money left for that otherwise I would have done that.
Poor Me :)
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Things can only get better, let hope $8000 holds over the weekend.
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Ok, it not! Now at $7399 as I am writing this. HOLD on.
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There only 2 right things you can do now.
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Yes, that's true. I am thinking about the second point of yours. let's see.
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Yes 16k would be nice!
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Not soon looks like.
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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?
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Jip, I will be watching too!
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nice sher bro
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Agree
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thank you.
Interesting about the dumping, my question is WHY?
I enjoyed your tips on the upvotes.
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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
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I think it is some Whales having some fun in the sun. And on our expense!
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This bear market is not fun
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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.
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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
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Good point @tradealert. Sometimes we need to look at the bigger picture too!
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Thank you guys :)
@lizette and @colinbrazendale
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🙋Hello sir, your 📮post is 👍good
🙏Please 👀see my profile
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Will do my friend. :)
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I see you like animals @banglawolf?
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Sneaky Ninja Attack! You have just been defended with a 13.10% upvote!
I was summoned by colinbrazendale. I have done their bidding and now I will vanish…
woosh
P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
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Good show
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Ninja attack
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Dump o'clock Lol
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Crazy times
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Indeed, I wonder how 2018 turns out in the battle of regulation vs people power! :)
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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
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I just hope 8000 holds for now and we go up from here. Out with the Bears.
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Bears are still in control, trust it will the Bulls next week
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Interesting
I will track this to see if it will repeat itself.
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I think it stopped. I think the Whales have moved on.
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Jip it is just going down all the time now
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11.97% @pushup from @colinbrazendale
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Thanks
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I think we are in for a week of green though! I think the market cap will be back to mid/high 400 billion by this time next week. Loving the posts, keep them up. I've given you a like maybe go check out some of my game reviews if you are into that sort of thing. ;)
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Bitcoin dominance is back but this was a very red week
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You have been defended with a 33.33% upvote!
I was summoned by @colinbrazendale.
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He is lucky
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You got a 13.33% upvote from @steembloggers courtesy of @colinbrazendale!
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Good bot vote
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Wow greate article!
You just got a 15.14% upvote from @postdoctor!
Thanks for using the @postdoctor service!
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I agree with you @postdoctor :)
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interesting...please take a look at my post on the markets just up! thanks..upvoted..
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Yes, what is the link?
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https://steemit.com/@yankee-statman.....thanks
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Link not working?
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hmm..can you find Yankee-statman and see my posts? And thanks for the "attempt".
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wonderful!
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This post has received a 10.47 % upvote from @boomerang.
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You got a 3.94% upvote from @postpromoter courtesy of @colinbrazendale!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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great voting bot
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You got a 5.51% upvote from @brupvoter courtesy of @colinbrazendale!
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Nice upvote bot
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Very nice indeed
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That's the most WTF and interesting thing I read all week. More so if it turns out to be true. Crazy.
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Same here.
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You got a 11.93% upvote from @nado.bot courtesy of @colinbrazendale!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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Yes, weather the storm bot. Clear sky will return soon.
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You got a 21.07% upvote from @adriatik courtesy of @colinbrazendale!
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Top voting bot
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