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Bitcoin technical analysis

  • #4,981
  • Jul 6, 2017 6:13pm Jul 6, 2017 6:13pm
Quoting jraustin512
I just bought 4 bitcoins. Just read in an article that there are only 21 million in circulation which we will be all fighting for. That they predict each bitcoin will be worth 25k to 50k thousand in 10 years. As a long term play. Im going to hold on for 10.
I would not buy any bitcoin as it is facing stiff competition. I only trade it and profit from upside and downside.
Buying bitcoin is easy, selling it is hard. Using bitcoin for purchases you pay 50% or more premium to normal prices.
IF you got in bitcoin 5 years ago congrats.
You came here for the truth and let me unveil it for you
  • #4,982
  • Edited Jul 7, 2017 4:52am Jul 6, 2017 8:07pm | Edited Jul 7, 2017 4:52am
Price will definitely go up or down in the irrational bitcoin price chart, and this analysis update takes into account the current market uncertainty regarding Aug 1st.

IF price crosses below the 1day 50MA (blue), there is an historic precedent for rapid decline to target a previous S&R level. In the present chart that implies $2000 and $1700. I'd guess a spike to $1000 is not out of the question.

Edit: ~$1700 should be the decline low if this is a correction prior to additional advance.

BraveNewCoin Liquid Index 1day chart

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cryptocurrency everytime
  • #4,983
  • Edited 8:24pm Jul 6, 2017 8:14pm | Edited 8:24pm
Quoting yg10
{quote} >A soft fork modifies the code without splitting it. A hard fork splits the code. Just wondering what this journalist means by "code".
Yes, the writer does not understand what they are writing about. It's as if he's using the words "code", "fork" and "chain-split" in random order.

Andreas Antonopoulos is considered an authority on all matters Bitcoin and explains the difference between hard and soft forks with a clear analogy:

Inserted Video
cryptocurrency everytime
  • #4,984
  • Jul 10, 2017 1:38am Jul 10, 2017 1:38am
Let's see if the Central Governments actually start buying Bitcoin and other Cryptocurrencies. If so, how high will they go then..?

http://www.marketwatch.com/story/bit...rge-2017-07-09
  • #4,985
  • Jul 10, 2017 2:58am Jul 10, 2017 2:58am
Quoting venzen
{quote} Yes, the writer does not understand what they are writing about. It's as if he's using the words "code", "fork" and "chain-split" in random order. Andreas Antonopoulos is considered an authority on all matters Bitcoin and explains the difference between hard and soft forks with a clear analogy: https://www.youtube.com/watch?v=rpeceXY1QBM

Thank you. I know the difference between hard and soft fork. And for me "code" means first of all programming, so I was very surprised reading about splitting the code. The author probably that introduction of SegWit (soft fork) for LTC lead to the growth of litecoin.
  • #4,986
  • Jul 10, 2017 3:20am Jul 10, 2017 3:20am
Quoting stylinex
Let's see if the Central Governments actually start buying Bitcoin and other Cryptocurrencies. If so, how high will they go then..? http://www.marketwatch.com/story/bit...rge-2017-07-09
Interesting.
Concerning "investors will look to Bitcoin as a gold substitute". IMHO short XAU/BTC was one the best opportunities for last year.
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  • #4,987
  • Jul 10, 2017 5:12am Jul 10, 2017 5:12am
Quoting andoseg2
Demand increase through a contracting triangle . Explosive movement expected if the buy trigger @ $2560 (Could be a trap too , so cover [take half] @ $2630 and adjust Stoploss according) {image} {image}
Update : the fight continue but there are some signs of aggresive buyers. A buy @ $2560 remain valid if it will trigger.

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Money moves the market, not an indicator.
  • #4,988
  • Jul 11, 2017 2:13am Jul 11, 2017 2:13am
Useful list of dates and potential outcomes during the next 3 months:

See the section "Market Events": https://trade.cryptocurrents.net/

Also an informative Q&A session with Andreas Antonopoulos abou what SegWit is and what it adds to Bitcoin:

https://soundcloud.com/mindtomatter/...bitcoin-337-no
cryptocurrency everytime
  • #4,989
  • Jul 11, 2017 4:14am Jul 11, 2017 4:14am
Quoting venzen
Useful list of dates and potential outcomes during the next 3 months: See the section "Market Events": https://trade.cryptocurrents.net/ Also an informative Q&A session with Andreas Antonopoulos abou what SegWit is and what it adds to Bitcoin: https://soundcloud.com/mindtomatter/...bitcoin-337-no
Thanks man! Very helpful !
  • #4,990
  • Jul 11, 2017 6:38am Jul 11, 2017 6:38am
Quoting andoseg2
{quote} Update : the fight continue but there are some signs of aggresive buyers. A buy @ $2560 remain valid if it will trigger. {image} {image}
The long did not trigger. Should be avoided for now. For the long term run, it would be more ok to wait for current correction to finish. Will update this thread as new informations emerge.
Money moves the market, not an indicator.
  • #4,991
  • Jul 11, 2017 6:54am Jul 11, 2017 6:54am
www.youtube.com/watch?v=ceMUsQ5O7AU

nothing good
  • #4,992
  • Jul 11, 2017 8:50am Jul 11, 2017 8:50am
Buying opportunities this month

http://www.smh.com.au/business/marke...10-gx8nay.html

Will Bitcoin Tear Itself Apart?
https://bloom.bg/2uKc3pQ


Whom here did this well this month..?

https://www.bloomberg.com/amp/news/a...92efc0de3a5184
  • #4,993
  • Jul 11, 2017 3:54pm Jul 11, 2017 3:54pm
Heyaaa at this point what you guyz think about bitcoin ? Its decreasing and coming back from about 2500 , ? Whats you think ? Kindly share .!
  • #4,994
  • Jul 11, 2017 9:20pm Jul 11, 2017 9:20pm
Quoting stylinex
...Whom here did this well this month..? https://www.bloomberg.com/amp/news/a...92efc0de3a5184
These guys made their millions in 2014 - 2016 on pre-mined ethereum coins.
And this month ethereum lost ~38% from $274 to $176 so far.
  • #4,995
  • Jul 13, 2017 2:22pm Jul 13, 2017 2:22pm
Quoting stylinex
{quote} Got it, just saw that they traded Bitcoin as well. One of the few that does trade Bitcoin, Thanks. Did you see Ethereum and Xcash on there as well?
meanwhile, they have ether as well - only ethusd. i´m ready to short it. still short bitcoin, pending orders unchanged.
fortis fortuna adiuvat
  • #4,996
  • Jul 14, 2017 12:17am Jul 14, 2017 12:17am
Quoting deltaone
{quote} meanwhile, they have ether as well - only ethusd. im ready to short it. still short bitcoin, pending orders unchanged.
Good luck with short. I am looking for a bottom to buy more
  • #4,997
  • Jul 14, 2017 12:47am Jul 14, 2017 12:47am
Quoting ahmad.786
Heyaaa at this point what you guyz think about bitcoin ? Its decreasing and coming back from about 2500 , ? Whats you think ? Kindly share .!
its going to 1830 or even lower to 1300 before leg up
  • #4,998
  • Jul 14, 2017 11:52am Jul 14, 2017 11:52am
Quoting stylinex
{quote} Good luck with short. I am looking for a bottom to buy more
thx. i´m very confident with my bitcoin short position. open position near entry level. looking at 1h-chart, extrem bad day for bitcoin:



no ether position atm. might change that on monday - short only cryptos for me.
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fortis fortuna adiuvat
  • #4,999
  • Jul 14, 2017 1:23pm Jul 14, 2017 1:23pm
Quoting deltaone
{quote} thx. im very confident with my bitcoin short position. open position near entry level. looking at 1h-chart, extrem bad day for bitcoin: no ether position atm. might change that on monday - short only cryptos for me. {image}
dropping like a stone. could close in profit now, but expecting continuing selling pressure.
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fortis fortuna adiuvat
  • #5,000
  • Jul 14, 2017 3:26pm Jul 14, 2017 3:26pm
road map
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