Not sure if this could be considered a fundamental shift, but I would be selling my LTC if I had any.... A bit of spillover in BTC and ETH too. url

Bitcoin technical analysis

Yes, nice rising channel - virtually textbook on the H1. The moves on BTCUSD are still very crisp, not like the bouncing around we have on the rest of the forex complex on the expiry of the NY cut like today...

Bitcoin technical analysis

Apologies for giving the impression that the Bitcoin itself is hacked, the Bitcoin is stolen by accessing the hot wallet on the exchange and using the "transaction malleability" of the live server, but in order to use it, if you do not use a service ...

Bitcoin technical analysis

Re your update: I know the software for each is different, but the crypto-coin is not worth hacking if you cannot access the blockchain and make it usable.

Bitcoin technical analysis

I could not hack my way out of a wet paper bag dude, but read the article about the South Korean exchange hack this morning ( url ). It was hacked using standard PC hardware available today, not quantum computers, 17% of all crypto-currency stolen, ...

Bitcoin technical analysis

You have to love the stuff they concoct, why do I read the fake news anyway? url

Bitcoin technical analysis

I missed the run up on BTCUSD because of the criminal spreads, but making a nice profit on the run down, just gone below USD16k. Although my best spread just went from 11,600 to 17,400.... tax on the way out of the trade I suppose.

Bitcoin technical analysis

I don't think the utility of Bitcoin has factored into the price rise. It is true that Blockchain is a bit clunky for transactions but the value of Blockchain crypto-currencies is what really limits their use as currency. In any case Blockchain ...

Bitcoin technical analysis

The BTCUSD sell-off started before this hack, so not sure if it is just profit taking or something more. url

Bitcoin technical analysis

My view was that it was the 3rd peak in a triple top formation on the daily, with the resistance harking back to the April 2013 PA on the weekly and the support in May/June 2016 on the daily.

Bitcoin technical analysis

Thanks for the analysis, I am hanging out in the Dragon Riders forum on this one, it is a bit challenging to surf, but is one of my favourite pairs. Short term long again from 150.70, monitoring closely for the next turning point. I choose not to ...

Bitcoin technical analysis

The BTCUSD spreads from the brokers which are currently at 15,000 and 22,000 are keeping me out of the market for now; but if anyone thinks the spreads are bad, take a look at the deal GS have on the futures: url And a piece of believable news ...

Bitcoin technical analysis

Not anything trading related, but one of the brokers I am using is terminating weekend trading of crypto currencies starting this Friday and will also be introducing weekly contracts meaning that all open crypto currency positions will be closed ...

Bitcoin technical analysis

On the plus side if we all realized this sooner (like 2011) we would be swimming in money like Scrooge McDuck, or at least like Roger Ver (checkout the snapshot of the video on CNBC).

Bitcoin technical analysis

Doing ok, just getting the new account setup on your recommendation.

Bitcoin technical analysis

I am taking a beating GBPJPY at the moment, the PPI and CPI looked to support the GBP, but I was wrong.... Even the NZD is whipping it right now. I look forward to a real Brexit breakthrough!

Bitcoin technical analysis

I respect the caution you express, it does seem like a ride with a bunch of Muppets strapped to a firework rocket, but the long side has defied critics and created amazing wealth (consider that ETHUSD is up 5,800% this year!). The adoption of an ...

Bitcoin technical analysis

Working on a new account, nice run on LTC - nearly 100% for a second day now, BTC looks tame by comparison. The premium people are willing to pay on GDAX vs Bitfinex is interesting too (~USD370 vs USD315). Unfortunately not in the trade yet.

Bitcoin technical analysis

I have 188 trades on Bitcoin, of those I have lost money on 9 and all of the lost trades were where I shorted it when I was quite sure all the technical indicators confirmed the momentum was finally fading. Exercise care with any trade, but if your ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You would be fortunate if you did, neither of the brokers I use have been accepting new open positions on LTC vs anything since Friday last week. They are still not and the BTCUSD spread is 10,000 - so no crypto trading for me today then....

Bitcoin technical analysis