The velocity of the move is still positive, but the acceleration has shifted to negative, so I have taken profit, looking for the next entry, too early to confirm if it is a swing trade yet. Nice run anyhow. Plus the robber broker has changed the ...

Bitcoin technical analysis

There is a time to analyze and a time to trade, today the CBOE open was the universal trigger to see what would happen, we are over USD16,900 now, this is a spectacular gain on 10 lots by any measure. I have been waiting since this morning for a ...

Bitcoin technical analysis

It will be interesting to see how it plays out. For now I am just trading it, I never leave my BTCUSD trades unattended, so I have been surfing the long since the CBOE futures opened, the ride from USD15,000 to USD16,500 has been a clean rise, no ...

Bitcoin technical analysis

It would be interesting to do the same comparison with the time line for each. The reason I mention this is that virtually the entire world believe we are at the bull trap stage in the blow-off phase of the classic bubble chart. I suspect that the ...

Bitcoin technical analysis

Apologies for the late reply, the normal spread range should be 1,500 to 2,500 for BTCUSD. Hopefully competition will bring these down further, but we are caught in the retail trader trap.

Bitcoin technical analysis

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Bitcoin technical analysis

However it turns out, one thing I can say it has been the most exciting thing I have ever traded. If there is a steep sell-off I will be there, but I suspect the underlying Blockchain Technology is another step change in the pace of change in our ...

Bitcoin technical analysis

Bitcoin trades continuously with no market close, and I found most of the big moves this year happened over the weekend. There are quite a few brokers that offer 24/7 trading, they just increase the spreads over the weekend because of the cost of ...

Bitcoin technical analysis

I do not think it is as straightforward as shorting BTC vs any currency today, wait for the CBOE to go online before committing to a trade ( url ). Not sure what your spread is, but mine is currently 6,000 - that is way too much inertia for trading, ...

Bitcoin technical analysis

USD13,880 - it looks like they are taking money already, spreads at 6,000 - still not worth trading yet....

Bitcoin technical analysis

Bitcoin at USD14,880 now, imagine being the sap who bought it at the peak on GDAX of USD19,697!

Bitcoin technical analysis

Coinbase sent out an email yesterday titled "Please invest responsibly — an important message from the Coinbase team" - this term is usually reserved for gambling, but I let it go assuming they were referring to the new accounts who suddenly ...

Bitcoin technical analysis

I am not in the market right now, but I have a feeling something big with happen before the futures launch on CBOE and CME. Not sure which way, but my broker has made sure I can only play one side and watch the other. Cramer (CNBC) believes the ...

Bitcoin technical analysis

Yes, I think so. Most brokers are not ECN, so they take the opposite position to the traders on their platform, they must believe the risk to them is skewed negatively if everyone is long and there is so much upward pressure.

Bitcoin technical analysis

Everybody must be going long now, Think Markets have just suspended new long positions on all crypto-currencies (shorts still available though!). The funny thing is the exchanges are allowing people to do inter-crypto-currency purchases, but all ...

Bitcoin technical analysis

Checkout the 24 hour USD gains on the other crypto-curencies on the Bitfinex dashboard ( url LTC at 45%!, IOTA at 39%! BTC is the only one down today.

Bitcoin technical analysis

mbrown mentioned something about this in his post yesterday url Think Markets still allowing trading, just the spread is horrible at 7,500 today.

Bitcoin technical analysis

I am using Think Markets, I signed up on the Australian server, but they seem to be global from the language options ( url ).

Bitcoin technical analysis

If you follow the thread you will see many hold the same view, but as an instrument to trade BTC and ETH have generally had close price correlation between the brokers and the various exchanges, so the elevated volatility made them good to trade. I ...

Bitcoin technical analysis

They are all the same, Think Markets is offering a 9,000 spread at the moment, with price at USD16,665 vs GDAX at USD17,360. Also all brokers I have looked at limit the number of lots to 10 (100 Bitcoin).

Bitcoin technical analysis