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Bitcoin technical analysis

  • #5,421
  • Nov 8, 2017 12:26am Nov 8, 2017 12:26am
Quoting Patrich
Went in heavily short this time...Pa gives the go ahead,hope this plays out right or I am giving back my profits . 6680. Price ATM 7350 more like a missed number previously.
I am not sure the bullish theme has run its course yet. The mainstreaming of crypto-currencies through the CME and others will make shorting this thing hazardous in the same way that shorting TSLA was. You will notice the decidedly short term duration of the short opportunities versus the long opportunities.

However it turns out just manage the trade by maintaining a high liquidity ratio and build the position by breaking your trade risk up into 5-10 parts so that you are not fully exposed until you are sure of the direction.

Some words...
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  • #5,422
  • Nov 8, 2017 12:50am Nov 8, 2017 12:50am
Quoting Vitallica
{quote} I am not sure the bullish theme has run its course yet. The mainstreaming of crypto-currencies through the CME and others will make shorting this thing hazardous in the same way that shorting TSLA was. You will notice the decidedly short term duration of the short opportunities versus the long opportunities. However it turns out just manage the trade by maintaining a high liquidity ratio and build the position by breaking your trade risk up into 5-10 parts so that you are not fully exposed until you are sure of the direction. Some words......
I am not into fundamental stuffs though...I will close out above 7552 upper m if price gets above there and re-short 8000+ again. Keeping my shorts still,thanks for the head up.
"
I don't loose a penny,I just give a little back from what I collected from the broker.
"
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,423
  • Nov 8, 2017 10:23am Nov 8, 2017 10:23am
Quoting karasinga
{quote} almost there {image}
finally... BTCUSD has started the dive. how far can it go?
It is not over until I win
  • #5,424
  • Nov 8, 2017 11:47am Nov 8, 2017 11:47am
which brokers are u guys using? im thinking about openning an account with avatrades to trade crypto.. my current brokers doesnt offer btc/usd yet
  • #5,425
  • Nov 8, 2017 11:53am Nov 8, 2017 11:53am
S/o of the sell...another short in prospect. Gave back a little .
8136.8 next short point with stop 80 above .
Till that occurs,Later.
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Nothing stands in the way of a person's will -THE MYSTICS
  • #5,426
  • Nov 8, 2017 12:09pm Nov 8, 2017 12:09pm
buy the rumour sell new would be the best approach for bitcoin right now in my option. hard fork in 8 days.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #5,427
  • Nov 8, 2017 12:57pm Nov 8, 2017 12:57pm
Quoting FXSayWhat
buy the rumour sell new would be the best approach for bitcoin right now in my option. hard fork in 8 days.
Segwit2x called off , it will rise again
  • #5,428
  • Nov 8, 2017 2:04pm Nov 8, 2017 2:04pm
Quoting Givemeluckdu
{quote} Segwit2x called off , it will rise again
Thank you for the updates!
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #5,429
  • Nov 8, 2017 6:01pm Nov 8, 2017 6:01pm
Let's hope they don't spoil the trading fun too much.

https://www.cnbc.com/2017/11/08/cmes...ce-swings.html
  • #5,430
  • Nov 9, 2017 9:50pm Nov 9, 2017 9:50pm
Here's a little thingy i wrote.

And looking at a slight move from bitcoin to others crypto... but be careful.

Quoting gat
{quote} How do you possibly think of cryptos as real money? They are even more fiat than paper national currencies.
Pogs at least had scrap value for recycling the cardboard. Cryptos have nothing but the hope of a bigger sucker to give more for it. My understanding is clear.
Hmm.
I respect people's opinion.. .... But how can you compare crypto (solid fixed supply) with the endless toilet paper the Central Banks print??

Did you not hear Draghi printing 360 000 000 000 papers in next year????

Bitcoin will create 12.5x150x365 or about 700 000.
Next year too....
Then 350000......
Or total for the next 120 years of ONLY 4 MILLION !!
And that's it. !!!!!

Sure some spammers will do bitcoin Gold, bitcoin Crap....but they are just this - spammers . Think of silver or copper .

You talk of "bigger sucker "???
Fiat user maybe????
As you hold 100 bucks and Draghi, Carney, Trumpone print what.....90 billion a month???......your money are devalued. Next year you have 98.....96....94....
In 30 years you'll be holding $50 only.
I'll be holding whatever bitcoin (scarce commodity) is then. Probably over 100000 per bitcoin. Maybe a million

So crypto is not real money??? Wowww.
What is real money??? Big Mac with fries????
How about gold traded certificate??? Fake or real???.... oh it's just paper again .

Green pips and bits!!
Beware of robber banks (RB), bad advisors.
  • #5,431
  • Nov 9, 2017 10:10pm Nov 9, 2017 10:10pm
I think unless you have the financial capacity to invest in crypto currencies, the question as to the validity of it as a form of exchange is pointless. The fact is the volatility makes it an extremely trade worthy instrument in a currently rather dull slow moving forex landscape.

Gold (XAUUSD) has pretty much stuck to the London price fix all day, Silver (XAGUSD) too, but Bitcoin (BTCUSD) has moved USD240 down since I started trading today, and has moved up USD300 since. You can make serious money trading with this level of volatility, and it is something to take advantage of, because once they start to regulate it, the volatility will disappear, and you may as well trade the declining volatility as a trade versus the actual instrument then.
  • #5,432
  • Nov 9, 2017 10:15pm Nov 9, 2017 10:15pm
Quoting aristotel
{quote} Hi Venzen, I agree that it is a lot of fun to buy and sell into bubbles, but I have resentments on anything that is a Ponzi scheme. I .... and bitcoin another successful bubble story in the Tulip book. These are my fundamental predictions.
Thank you for this opinion dated 2013 year!!!!
Bitcoin is nothing.....Ponzi scheme No value!!!! Fiat is better????
ROFL.
Beware of robber banks (RB), bad advisors.
  • #5,433
  • Nov 10, 2017 2:55pm Nov 10, 2017 2:55pm
Closing out all my shorts as my new broker shuts down for the weekend. An incredible week driven by the story around SegWit2x and BitCoin Cash.

Let's see what they dream up next week for us!

https://www.cnbc.com/2017/11/10/bitc...sh-surges.html
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  • #5,434
  • Nov 10, 2017 3:09pm Nov 10, 2017 3:09pm
Quoting RondaRousey
{quote} {image} shorted ponzi bitcoin at 7300
Shorted at 7300 5 days ago

current price below 6500

How many pips noobs?

That's what I'm talking about

Inserted Video


You came here for the truth and let me unveil it for you
  • #5,435
  • Nov 10, 2017 3:18pm Nov 10, 2017 3:18pm
Quoting RondaRousey
{quote} Shorted at 7300 5 days ago current price below 6500 How many pips noobs? That's what I'm talking about https://www.youtube.com/watch?v=rTM14lwCpbk
Are u still shorting?
  • #5,436
  • Nov 10, 2017 3:21pm Nov 10, 2017 3:21pm
Quoting RondaRousey
{quote} Shorted at 7300 5 days ago current price below 6500 How many pips noobs? That's what I'm talking about https://www.youtube.com/watch?v=rTM14lwCpbk

I wonder where was your SL when you shorted it at 7300.
  • #5,437
  • Nov 10, 2017 4:29pm Nov 10, 2017 4:29pm
If you only shorted, you missed a lot of trading opportunity. This weekend will probably reverse the entire move. I think USD6,400 will be a floor in the price for the short term.

Not sure what people are doing in terms of stop losses, but I find BTCUSD to be too volatile for hard stop losses, so I trade without them, and actively intervene if my pre-defined stop is reached, so I monitor the trade full time - yes it sucks, but the rewards are worth it.
  • #5,438
  • Nov 10, 2017 4:33pm Nov 10, 2017 4:33pm
It might be also fluctuate around 6.400 to 6.800 ( as rn the one that fluctuate the price is the buyer itself ) well next week will be the same if there is no news about it , and will continuously down
  • #5,439
  • Nov 11, 2017 2:38am Nov 11, 2017 2:38am
For the Bitcoin Elliott wave collection, the last two counts from ewminteractive.

Sixer
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  • #5,440
  • Nov 11, 2017 2:50am Nov 11, 2017 2:50am
Quoting Sixer
For the Bitcoin Elliott wave collection, the last two counts from ewminteractive. Sixer {image} {image}

wow those guys are pretty accurate not sure if 1 of you is on telegram but founded a nice group for crypto

https://t.me/cryptohornetschat
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