{quote} The US Marshals Service (USMS) has announced that it will auction off 50,000 bitcoins, worth roughly $20m ... http://www.coindesk.com/us-marshals-...ross-ulbricht/ how deep can BTC sink? 266??
Money Makes Money
- #4,401
- Nov 17, 2014 6:53pm Nov 17, 2014 6:53pm
- | Commercial User | Joined Sep 2013 | 2,500 Posts
- #4,402
- Nov 17, 2014 8:34pm Nov 17, 2014 8:34pm
{quote} Wave 5 of 5 is under way...
but there are so many ideas.... https://www.tradingview.com/s/bitcoin/?sort=trending and also so many analysis in magazines ....
https://www.tradingview.com/v/rqdB0dUf/
I dont know whether to sell that motherfucker now cause later it could be just $100 or even less again or buy it now cause there was something like double bottom.....
So I always sell 1 or 2 when its climbing up and buy 1 or 2 when its declining because I cannot decide what to do...
I tried btc futures but I am scared to send at that webpages more than 1 btc (after all that losess when I was goxxed, last time it was mintpal)...
- #4,403
- Nov 18, 2014 9:39am Nov 18, 2014 9:39am
- Joined Jul 2011 | Status: good | 4,295 Posts
Hi friends,
Very busy 2 months behind me and another month to go - I hope to hit this rally for what it's worth - not that it needs to run very high, I just need consecutive green candles to do my thing and a $200 Bitcoin rally is just the right instrument.
You guys do know trend is up, right? Not convinced? Here's a chart from last week showing the role of moving averages in the Bitcoin chart:
Here's a hourly Bitstamp chart showing how the MAs are coming together - not that price will rally immediately - they need to do a helix dance first and when they compress... POW!
Some Fib extension targets on the H4 chart. I want to add that the Fib extensions drawn off the wave from 5 Oct don't seem to have any significance - the 1.618 Fib of that projection was not hit which is strange - even it this last wave up was a corrective wave it would have hit that - hence I believe the advance is incomplete.
To my mind the previous high near $680 is the target and then a decline to current levels, but the larger candles and volatility imply a wave degree increase and this may turn out to be the Big One - but $650-680 for now...
Very busy 2 months behind me and another month to go - I hope to hit this rally for what it's worth - not that it needs to run very high, I just need consecutive green candles to do my thing and a $200 Bitcoin rally is just the right instrument.
You guys do know trend is up, right? Not convinced? Here's a chart from last week showing the role of moving averages in the Bitcoin chart:
Here's a hourly Bitstamp chart showing how the MAs are coming together - not that price will rally immediately - they need to do a helix dance first and when they compress... POW!
Some Fib extension targets on the H4 chart. I want to add that the Fib extensions drawn off the wave from 5 Oct don't seem to have any significance - the 1.618 Fib of that projection was not hit which is strange - even it this last wave up was a corrective wave it would have hit that - hence I believe the advance is incomplete.
To my mind the previous high near $680 is the target and then a decline to current levels, but the larger candles and volatility imply a wave degree increase and this may turn out to be the Big One - but $650-680 for now...
cryptocurrency everytime
Hi friends, Very busy 2 months behind me and another month to go - I hope to hit this rally for what it's worth - not that it needs to run very high, I just need consecutive green candles to do my thing and a $200 Bitcoin rally is just the right instrument. You guys do know trend is up, right? Not convinced? Here's a chart from last week showing the role of moving averages in the Bitcoin chart: {image} Here's a hourly Bitstamp chart showing how the MAs are coming together - not that price will rally immediately - they need to do a helix dance first...
nice analysis again Venzen
its been a while!price seems to be struggling to get back to $400 and beyond. It feels like an uptrend but I also have a hunch we'll spike lower before 400/430 is broken... Any thoughts?
Anyone see the new Bitstamp traderview? Its pretty decent (its missing any drawing tools though-I put those white lines with paint.net lol).
- #4,405
- Dec 9, 2014 8:21pm Dec 9, 2014 8:21pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #4,406
- Dec 29, 2014 5:28pm Dec 29, 2014 5:28pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
....Merry Christmas and Happy New Year to all here.......
The Chonchy
- #4,411
- Sep 15, 2015 3:43pm Sep 15, 2015 3:43pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #4,412
- Sep 26, 2015 8:24am Sep 26, 2015 8:24am
- Joined Jul 2011 | Status: good | 4,295 Posts
Hi chonchy!
Long time, indeed. I've been applying MAs to bitcoin with great success. Thanks to your influence I found a good method for entry into bitcoin trend - pity there's been so few sustained moves this year!
Current chart seems at a crossroads:
Long time, indeed. I've been applying MAs to bitcoin with great success. Thanks to your influence I found a good method for entry into bitcoin trend - pity there's been so few sustained moves this year!
Current chart seems at a crossroads:
cryptocurrency everytime
- #4,413
- Oct 12, 2015 9:53pm Oct 12, 2015 9:53pm
- Joined Jul 2011 | Status: good | 4,295 Posts
The lower wedge trendline has subsequently been breached, so decline to one of those targets near $240 or $220 could be on the cards.
That $220 level is a support floor that has been established during 2015, so it should hold. Yet, there is the matter of the consensus rule being violated by Mike Hearn and Gavin Andresen, which has fundamentally devalued Bitcoin (until the Bitcoin-XT project fails or is voted irrelevant in Feb 2016). While there is uncertainty, no serious investor would bet long bitcoin or do so with large amounts. Rather than a decline below support, we may see consolidation between $220 and $250 into 2016.
That $220 level is a support floor that has been established during 2015, so it should hold. Yet, there is the matter of the consensus rule being violated by Mike Hearn and Gavin Andresen, which has fundamentally devalued Bitcoin (until the Bitcoin-XT project fails or is voted irrelevant in Feb 2016). While there is uncertainty, no serious investor would bet long bitcoin or do so with large amounts. Rather than a decline below support, we may see consolidation between $220 and $250 into 2016.
cryptocurrency everytime
- #4,416
- Nov 3, 2015 11:26pm Nov 3, 2015 11:26pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Maybe it goes up to 2000 who knows.....
but if it goes there I will
but if it goes there I will The Chonchy
- #4,417
- Nov 3, 2015 11:31pm Nov 3, 2015 11:31pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #4,418
- Nov 3, 2015 11:33pm Nov 3, 2015 11:33pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
BTC is up 29.51% in the last 3 days! {image}
The Rev. I meant, lol, many pips for you my friend....
The Chonchy
- #4,420
- Nov 6, 2015 6:38am Nov 6, 2015 6:38am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Profit taking on BITCOIN , next week can give a good long opportunity (from intraday) if you missed the first rise. a correction of few weeks also can take place :
Till February 2016 , I am expecting the uptrend to continue :
Till February 2016 , I am expecting the uptrend to continue :
Money moves the market, not an indicator.