Bitcoin technical analysis | Page 293 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #5,841
  • Dec 11, 2017 5:29pm Dec 11, 2017 5:29pm
Quoting tostaky06
Who care what you mined long time ago, should be better if you had bought more ...
I do care about money I have. Probably better, but 30X for 18 month is good enough for me.
I still keep them (did not buy more since April) because Litecoin has veryvgood fundamentals.
  • #5,842
  • Dec 11, 2017 6:39pm Dec 11, 2017 6:39pm
Quoting yg10
{quote} What time period is NASDAQ chart on your poster? Current monthly chart of NDX100: {image} And gold is now at ~63% from ATH.
you need to go back a littler further than your chart shows. Mine was back around 2000 during dot com bubble.
  • #5,843
  • Dec 11, 2017 7:47pm Dec 11, 2017 7:47pm
Quoting RondaRousey
{quote} BTC spreads are a rip off. I looked elsewhere to altcoins last week. change brokers because I bought litecoin last friday before the run up
Of course you did! Well done!
  • #5,844
  • Dec 11, 2017 11:10pm Dec 11, 2017 11:10pm
Here comes the fall
Live to fight another day
  • #5,845
  • Dec 12, 2017 12:06am Dec 12, 2017 12:06am
Hi guys, sorry this post maybe off-topic but this is the most active crypto thread so thought to post here. I know I might be late to the trend, but I want to jump on to it till it lasts. However there's only one broker, Avatrade, that's providing the cryptos where I live. I've heard some bad things about them like not allowing withdrawals etc. This makes sense since these are just CFDs and they're probably losing whole lot of money trading against the trend-following customers.

Unfortunately I only have access to crypto spreads on GDAX in Singapore, so that is ruled out as well. Sounds so retarded to me, who wants to trade the spreads when the outrights are where the money is!

So which are the best and trusted brokers where I can trade these things?! CFD (as long as I can withdraw!) or the underlying, either one is fine. I feel so bad every single day when I see a new high but I just can't access the goddamn things. Thanks!
  • #5,846
  • Dec 12, 2017 1:45am Dec 12, 2017 1:45am
Quoting johnecad
{quote} you need to go back a littler further than your chart shows. Mine was back around 2000 during dot com bubble.
But your chart does not show 7x growth during last nine years.
  • #5,847
  • Dec 12, 2017 1:51am Dec 12, 2017 1:51am
Quoting nim1984
Hi guys, sorry this post maybe off-topic but this is the most active crypto thread so thought to post here. I know I might be late to the trend, but I want to jump on to it till it lasts. However there's only one broker, Avatrade, that's providing the cryptos where I live. I've heard some bad things about them like not allowing withdrawals etc. This makes sense since these are just CFDs and they're probably losing whole lot of money trading against the trend-following customers. Unfortunately I only have access to crypto spreads on GDAX in Singapore,...

Can you get access to Pepperstone? They've got quite a few crypto CFDs, withdrawl no problem
  • #5,848
  • Dec 12, 2017 2:02am Dec 12, 2017 2:02am
Quoting nim1984
Hi guys, sorry this post maybe off-topic but this is the most active crypto thread so thought to post here. I know I might be late to the trend, but I want to jump on to it till it lasts. However there's only one broker, Avatrade, that's providing the cryptos where I live. I've heard some bad things about them like not allowing withdrawals etc. This makes sense since these are just CFDs and they're probably losing whole lot of money trading against the trend-following customers. Unfortunately I only have access to crypto spreads on GDAX in Singapore,...
BitMex that is located in Taiwan trades futures. Unfortunately I could not give them a test because they do not allow customers with IP addresses from US.
You can also try some crypto exchange particularly those that allow margin trading.
  • #5,849
  • Dec 12, 2017 2:46am Dec 12, 2017 2:46am
Quoting yg10
{quote} I do care about money I have. Probably better, but 30X for 18 month is good enough for me. I still keep them (did not buy more since April) because Litecoin has veryvgood fundamentals.
well done - do keep them coz LTC is gonna shoot for at least 500
  • #5,850
  • Dec 12, 2017 3:14am Dec 12, 2017 3:14am
Quoting MXT
{quote} well done - do keep them coz LTC is gonna shoot for at least 500
Smart chap


550 I'd say.
LTC goes traditionally 1/30 th bitcoin.
Beware of robber banks (RB), bad advisors.
  • #5,851
  • Edited 7:53am Dec 12, 2017 7:31am | Edited 7:53am
Quoting Not-KPMG
{quote} Smart chap 550 I'd say. LTC goes traditionally 1/30 th bitcoin.
thx Bud , u too

550 * 30 = 16500

you're quite right
  • #5,852
  • Dec 12, 2017 12:09pm Dec 12, 2017 12:09pm
Quoting RondaRousey
{quote} BTC spreads are a rip off. I looked elsewhere to altcoins last week. change brokers because I bought litecoin last friday before the run up
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.
Attached Image (click to enlarge)
Click to Enlarge Name: LTCD2.PNG Size: 193 KB
  • #5,853
  • Dec 12, 2017 2:49pm Dec 12, 2017 2:49pm
Buy at pullbacks ideally to the 1hr 50EMA and/or the 1hr 200SMA (check the recent 1hr chart for december - price spikes down under the 1hr 50EMA but closes above it, so nothing but wicks under it) and don't even think about shorting, it breaks through all psychological barriers and fib extensions on the way up. This is bigger than the Tulip mania back in the 1600's. Am I trading it? Hell no. Far too volatile.

Do I wish I'd bought bitcoins all them years ago? of course, who wouldn't. But to be honest I'd have probably sold them long ago for a decent profit without any idea of it going this high.

At the time of posting - $17,128/BTC

Tell me that isn't crazy, considering 11 months ago - Jan 2017, that month it closed at just under $1200/BTC.
  • #5,854
  • Dec 12, 2017 2:52pm Dec 12, 2017 2:52pm
Quoting RondaRousey
{quote} forget bitcoin Litecoin up 200% in last 5 days I wonder who got a piece of the action {quote} hottest business in the last 7 years : crypto mining
I should have listen to NOT-KPMG!!!!
  • #5,855
  • Edited 3:41pm Dec 12, 2017 3:20pm | Edited 3:41pm
Quoting GDR3k
Buy at pullbacks ideally to the 1hr 50EMA and/or the 1hr 200SMA (check the recent 1hr chart for december - price spikes down under the 1hr 50EMA but closes above it, so nothing but wicks under it) and don't even think about shorting, it breaks through all psychological barriers and fib extensions on the way up. This is bigger than the Tulip mania back in the 1600's. Am I trading it? Hell no. Far too volatile. Do I wish I'd bought bitcoins all them years ago? of course, who wouldn't. But to be honest I'd have probably sold them long ago for a decent...
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 Ethereum-based blockchain platform by the big banks is lending more credibility to this space again (https://www.cnbc.com/2017/12/12/bitc...ain-pilot.html).

That people are taking out mortgages is a bit worrying, but I stay the course and monitor the trade full time, second by exciting second (https://www.cnbc.com/2017/12/11/peop...seph-borg.html).

The opportunity to trade any of the crypto-currencies for retail traders is largely driven by the brokers and I now have 3 broker accounts open, not one of them is allowing any new crypto-currency positions. I suspect they are over exposed on a one way trade.

In Australia the Coinbase GDAX is limited only allowing inter crypto-currency trading but it seems they have problems elsewhere (https://www.cnbc.com/2017/12/12/coin...n-one-day.html) and Bitfinex claim they are under attack for the reason they cannot facilitate trades (https://www.bloomberg.com/news/artic...ttacking-again).
  • #5,856
  • Dec 12, 2017 3:31pm Dec 12, 2017 3:31pm
Quoting BSFilter
{quote} Can you get access to Pepperstone? They've got quite a few crypto CFDs, withdrawl no problem
I agree. I am using Pepperstone and they do have Bitcoin, Ethereum, Dash and Litcoin.
  • #5,857
  • Dec 12, 2017 5:57pm Dec 12, 2017 5:57pm
Quoting GDR3k
Buy at pullbacks i..... Do I wish I'd bought bitcoins all them years ago? of course, who wouldn't.
....e time of posting - $17,128/BTC Tell me that isn't crazy, considering 11 months ago - Jan 2017, that month it closed at just under $1200/BTC.
I said 70000 target, not that long ago.....
Part take profits!!!!

Quoting mbrown
{quote} I should have listen to NOT-KPMG!!!!

Thanks.
I remember long ago i made some funny pictures regarding my...well trading.


I always say PATIENCE!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bear not listen 34.jpg Size: 305 KB
Click to Enlarge Name: bear in car Not-KPMG.jpg Size: 257 KB
Beware of robber banks (RB), bad advisors.
  • #5,858
  • Dec 12, 2017 6:01pm Dec 12, 2017 6:01pm
Quoting Not-KPMG
{quote} I said 70000 target, not that long ago..... {quote} Thanks. I remember long ago i made some funny pictures regarding my...well trading. I always say PATIENCE!!! {image} {image}
You milked the cow indeed

You would be a great cattle farmer
  • #5,859
  • Dec 12, 2017 6:49pm Dec 12, 2017 6:49pm
Quoting Vitallica
{quote} 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 Ethereum-based blockchain platform by the big banks is lending more credibility to this space again (https://www.cnbc.com/2017/12/12/bitc...ain-pilot.html). That people are taking out mortgages is a bit worrying, but I stay the course and...
I'm just waiting for it to crash so I can buy actual coins at a silly low price, however it may be a very long wait. There's BTC futures trading now which launched a few days back, a lot of average joe's have put a lot of money into buying bitcoin which have bought at which look like (off standard PA candles) very high. I think a good few people may be in for an upset soon once and if it corrects back down, I emphasize IF. Anything which is making absolute new highs is a very risky sell or even a buy if you're just buying high instead of waiting for it to drop to a lower price. But what do I know, I only bother with gbpjpy....

All the candles look the same
  • #5,860
  • Dec 12, 2017 7:12pm Dec 12, 2017 7:12pm
Quoting Not-KPMG
{quote} I said 70000 target, not that long ago.. {image} {image}
To be honest it's a big shock to the current banking system of money and there's no saying how high it could go. The way it's looking it will hit 100k/BTC next year and maybe even 500k/BTC as it's showing no signs of slowing down. Who knows? I'm sure someone does

All it would take to crash is for countries to outlaw BTC exchanging into USD or other currencys and it would drop, or a bad 'event' which was funded through BTC earnings on it's way up. Bubbles always burst but we never know when.
2 traders viewing now