[Daily Discussion] Monday, May 07, 2018

#New post: [[Daily Discussion] Tuesday, May 08, 2018 →](https://www.reddit.com/r/BitcoinMarkets/comments/8htvo8/daily_discussion_tuesday_may_08_2018/)

Closed half of my long from 9350 to get a small profit. Kraken is now almost in sync with bitfinex when it was almost 100$ behind on the weekend which makes me believe there is still a bit of strength in this push to 9500. Since we are in a rising wedge, it is probable that after that we go down.

Do you Guys think the crypto conference in New York next week will affect the price at all?

https://www.bloomberg.com/news/articles/2018-05-07/bitcoin-to-rally-on-consensus-conference-fundstrat-analyst-says

Just realized that the moon math table is all positive for the first time in a long time. That 90 day trend is looking pretty bleak even though it’s positive.

https://www.moonmath.win

Flirting with the top of the ascending wedge line on the 30/1Hr pretty deliciously right now.

https://www.tradingview.com/x/QjLdb7eh/

If we can burst through, I’ll be feeling pretty bullish, but I’m also underwater on my long.

Break down, target of $9200 for a second retest today and if it shows support once again, I think we will see an upward movement from there, although buyers are showing lack of power right now

Bitmex is lagging bad which tends to happen before a big move, which probably means big move imminent. My guess is up BGD since we are knocking on 420 for the third time today.

So I closed my long at a small profit… almost got stopped out…perhaps I’ll regret this… but buyers seem so facile here… I’m gonna wait for a bit

I come here to say I love you all. don’t let crypto take over your life. my wife left me recently, and even though crypto is not the single reason, I realize now it was a bigger part of it than I let myself believe. I was obsessed. I have to cut my short at a loss(thankfully not at 9700 cause I was busy) but my 5x from last week around 9200 is closed and cashed out and I will not be checking in any more. I love the corn. I read the white paper in 2011. I begged her to let me buy a jalapeno in 2012. I begged her for a s3 in 2014. I bought video cards and mined from 2013 to 2016, lost lots of coin to gox and Satoshi dice and the bfx hack. I held thru China ban episodes 1-7. winklevoss. futures. 20k. everything. I will miss you all dearly. don’t let the corn die. I have one left on my paper wallet that I will leave for my 3 children to split. I wish you all the best. robslob forever out.

“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.

The news of the virtual exchange, **which has not been reported before**, came after Goldman Sachs went public with its intention to open a Bitcoin trading unit — most likely the first of its kind at a Wall Street bank.”

EDIT: NYSE working on a bitcoin exchange is pretty goddamn bullish to me.

https://www.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html

Maybe too early to draw, but never too early to start considering.
Possible Inv. C&H on the daily.
This would mean another ( if to occur) another 56% drop from here, or a 38% drop from the cup line on the breakout. Target should be in case it happens, high 3900 usd. Which coincides with the hyperwave theorie. that we are in fase 7 and that it could be a bottoming level on this crypto bubble pop.
I do hope for a higher low though, however, i believe the bear is not over at all.

https://www.tradingview.com/x/Qhh08ib1/

It blows my mind how much the price fluctuates over such tiny tiny orders. Is it like only bots buying and selling these days?? Feels like most of them are in the .00xxxx amount.