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Bitcoin technical analysis

  • #6,021
  • Dec 28, 2017 9:43am Dec 28, 2017 9:43am
Quoting karasinga
{quote} the next 4 hour is very important. If the current demand zone is violated, around 8k may easily print. if the zone holds and 14563 is breached, be informed bullish trend has resumed which could be part of the correction. Otherwise the current trend is still bearish {image}
demand zone has held, only looking for longs as this might ultimately play out
It is not over until I win
  • #6,022
  • Dec 28, 2017 10:56am Dec 28, 2017 10:56am
longs look quite risky at the moment

i'm personally looking to go short at this current level of 13850 targeting the low 13000s again

edit : gone short @ 13850
  • #6,023
  • Dec 28, 2017 12:29pm Dec 28, 2017 12:29pm
situation is bad for longs
  • #6,024
  • Dec 28, 2017 1:06pm Dec 28, 2017 1:06pm
Quoting MXT
longs look quite risky at the moment i'm personally looking to go short at this current level of 13850 targeting the low 13000s again edit : gone short @ 13850
I closed my short scalp from 14400 at 13775.

13500 - 13800 is strong support area IMHO.
  • #6,025
  • Dec 28, 2017 1:07pm Dec 28, 2017 1:07pm
closed @ 13430

i could re-enter short later on
  • #6,026
  • Dec 28, 2017 1:14pm Dec 28, 2017 1:14pm
Quoting karasinga
{quote} demand zone has held, only looking for longs as this might ultimately play out
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd gartely.png Size: 101 KB
It is not over until I win
  • #6,027
  • Dec 28, 2017 1:18pm Dec 28, 2017 1:18pm
Quoting yg10
{quote} I closed my short scalp from 14400 at 13775. 13500 - 13800 is strong support area IMHO.
yep , just thought the same

better safe than sorry , i preferred to close and see if the selling strength resumes or not
  • #6,028
  • Dec 28, 2017 4:00pm Dec 28, 2017 4:00pm
Quoting honesttrader
situation is bad for longs
explanation please!
Bringing Surgical Mentality To The Trading World
  • #6,029
  • Dec 28, 2017 4:18pm Dec 28, 2017 4:18pm
waiting for 4000$ area...to buy...btceur...slowly please :-)

https://invst.ly/67eif
  • #6,030
  • Edited 8:42pm Dec 28, 2017 8:20pm | Edited 8:42pm
Quoting MarkoTrd
waiting for 4000$ area...to buy...btceur...slowly please :-) https://invst.ly/67eif
I think that train has left the station, the media keep running the crash story, but the CME and CBOE would not have created futures contracts at great expense for a passing fad. The mechanisms being put in place are for the age old purpose of transferring wealth from "weak hands to strong hands", in the meantime the trading opportunity is great, consider the BTCXXX daily ranges versus XAUUSD which has literally taken weeks to rise by a mere USD30....

There is currently nothing that provides reliable day trading opportunity like Bitcoin, not even the other cryptos yet.
  • #6,031
  • Dec 28, 2017 10:38pm Dec 28, 2017 10:38pm
EMA 50 confirmed the long train. Entered the train to north
Live to fight another day
  • #6,032
  • Dec 29, 2017 12:00am Dec 29, 2017 12:00am
Quoting James0205
EMA 50 confirmed the long train. Entered the train to north
I have just closed out all longs at USD14,845; waiting for the consolidation phase to end, probably go long again, as you note we are above the EMA50 on all time frames. It has been a spectacular trading day for us in the Asian region, and after moving up USD1,100 we might expect a bit of a pause here.
  • #6,033
  • Dec 29, 2017 1:35am Dec 29, 2017 1:35am
Quoting karasinga
{quote} {image}
market price <14414 is value for long
It is not over until I win
  • #6,034
  • Dec 29, 2017 4:22am Dec 29, 2017 4:22am
Quoting karasinga
{quote} market price <14414 is value for long
Where do you expect the price to close today? i believe it will be in the range of 14K to 15K since Asian markets failed to take it around 16K on the last trading day of the year.
  • #6,035
  • Dec 29, 2017 5:19am Dec 29, 2017 5:19am
Quoting Vitallica
{quote} I have just closed out all longs at USD14,845; waiting for the consolidation phase to end, probably go long again, as you note we are above the EMA50 on all time frames. It has been a spectacular trading day for us in the Asian region, and after moving up USD1,100 we might expect a bit of a pause here.
Good call. I'm caught in the long now :/
Live to fight another day
  • #6,036
  • Dec 29, 2017 7:08am Dec 29, 2017 7:08am
Quoting honesttrader
{quote} Where do you expect the price to close today? i believe it will be in the range of 14K to 15K since Asian markets failed to take it around 16K on the last trading day of the year.
if the wave count is still right...around 16k... might be wrong you know. in the event 13320 is breached, that will be bears country. best wishes
It is not over until I win
  • #6,037
  • Edited 7:57am Dec 29, 2017 7:29am | Edited 7:57am
Quoting mag00
{quote} Btc (h1) my view ... I observe an excess of oversold still inside the 3rd part of ... 5 (3co) wave, whose TP is @ 21.7k the 3rd part (still missing the ... pin bar) will start @ 13.5k and ... it will be composed, ending @ 16.4K (ma200) (where will start the 4th part corrective, a double wave 2 :in price and time extension) P.S. (mayb.e. ...) {image}
Btc (h4)

my view ...
(we are inside the first wave of bull market = 12345)

wave 3 (which is composed) ... has begun @ 5685 and it will end @ 21k - 21.5k (TP wave 3)

the fifth part of the wave 3 alias 5(3co) is also made up of 5 parts
we are inside the third part (which is composed, too)

P.S.
for the information that the market provides me ...
... the third part of wave 5(3co) should reach 17.89k
(unless corrections "ma200" @ 12k: if so the fourth part will start @ 17.25k)
Attached Image (click to enlarge)
Click to Enlarge Name: Btc (h4).png Size: 73 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,038
  • Dec 29, 2017 7:30am Dec 29, 2017 7:30am
on the sidelines , no trades on btc atm

but i might re-enter short again , there could be still potential to the downside imho
  • #6,039
  • Dec 29, 2017 7:41am Dec 29, 2017 7:41am
Quoting mag00
{quote} Btc (h4) my view ... (12345 = first wave of bull market) inside the fifth part of wave 3 (which is composed) ... ... wave 3 has begun @ 5685 and it will end @ 21k - 21.5k the wave 5(3co) is also made up of 5 parts we are inside the third part (which is composed) {image}
if you wont mind, kindly label your chart to show what you mean. happy trading
It is not over until I win
  • #6,040
  • Dec 29, 2017 7:51am Dec 29, 2017 7:51am
Quoting karasinga
{quote} if you wont mind, kindly label your chart to show what you mean. happy trading
Hey karasinga,

I use a different labeling: earlier than usual...


P.S.
I hope it is understandable ...
(for everyone)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
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