BTC - grande finale

Updated

My guess... After a weekend of very rhythmic pumping, following a linear and predictive trend, pushing ATH every cycle, BTC will pass the long-awaited 10k mark around 8AM UTC Monday morning. A great achievement, but unfortunately too soon, you can just feel there is too much tension right now because of the missing corrections.
The last pump just started about 30 mins ago.

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Sorry for the ATH-tag. I meant All Time High but it was converted to ATH

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If you check the order book of Bitfinex, every $50 mark there is a huge block. it starts with huge sell orders at a certain price, then relatively big ask orders flow in so sellers are bidding just above to fulfill their order quick. Sellers want the same so they put their orders above the sell block -> price rises.
At a certain point, the process reverts. buy-blocks are removed and price drops. This swing is going on for a few days now, and giving substantial profits for those who ride it.
I'm quite convinced something artificial is trading with itself pushing back-and-forth(just like a kid doing on a swing)...
The trend not following any of the indicators based on technical analysis (which most, at their turn, are based on psychology and crowd behavior) is like an inherent proof this is not human behavior.
I believe in the psychological barrier of 10k everybody wants BC to achieve, but imho it's impossible this finale can be pushed by real people with real money in only one go (and only two days!) without correction levels in between.
This looks like a giant pump/wash. The press is still writing this is a final proof of mainstream adoption, but I don't think so... It's a self-sustainable system and no influx of USD is needed to maintain this (Tether). Transfer back and forth between USD and BC gives more gain then the costs of the fees.
If it has something to do with the Futures (make them very attractive...) I don't know, but we will find out soon...

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The blocks are coming in as we speak. Sits at 9350 sell zone right now with intermediate lower ones (but still high) at intermediate levels between current price and 9350. Next block is waiting at 9370 now, blocks on bid side are now pushing up the price. TA's won't work now, only math - linear scale.
If the pump does not stop and hand back over the market to the crowd, we will reach 20k mid-december and 30k end of year.

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For those who follow my idea and have a comfortable position, it's an opportunity. BTC will never be more predictive as it now is,
as long the pumps are in business. If you take a close look at the orderbook, you can follow ànd predict it.
Next mark/order/block or 'lock' just entered at 9750 now. At bid side you can follow what is happening when smaller but still large blocks are pushing the price up.
Probably after 9800 there will be a backwards swing to 9600 to energize the next forward swing to 9900 which will mark the next All Time High (and 7th for the weekend).
and of course the grande finale within a few hours: > $10.000 for one BTC! (as long as it lasts...)

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10K seems a difficult barrier with high resistance. The bots are struggling to break through. Time to retry that swing.

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It looks exhausted and crawling after such an intense weekend :-)

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It's still heading the right direction :-)

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Did you notice how the trend just shifted 12h to the right? It's an exact parallel line.

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Theory seems to withstand. The shift was probably due to higher resistance after business started monday morning. There was some struggling going on but it adapted and conquered ;-).
It's only a matter of a few hours now (unless it hits a sudden high resistance from somewhere).

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maybe I should say "minutes"' ?

tcasaer

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