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Bitcoin technical analysis

  • #6,061
  • Dec 31, 2017 3:03pm Dec 31, 2017 3:03pm
Quoting karasinga
m15 divergence at a H4 supply zone. happy new year
Hey karasinga,

which armonic pattern are you following in the trading plan? (entry, sl, TP)


P.S.
Happy New Year to you ... all
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,062
  • Dec 31, 2017 4:11pm Dec 31, 2017 4:11pm
Quoting Sixer
Bitcoin chart review of 2017 divided in quarters - note that the corrections where sometimes higher than the actual one. Sixer {image} {image} {image} {image}
We can also recall earlier corrections (they also were called crashes)
2011-2012
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2012-2013
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2013-2014
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  • #6,063
  • Dec 31, 2017 4:22pm Dec 31, 2017 4:22pm
Quoting yg10
{quote} We can also recall earlier corrections (they also were called crashes) 2011-2012 {image} 2012-2013 {image} 2013-2014 {image}
you got a good point there

this one could be like former corrections , but maybe this time BTC could head back under 10000 for a while

of course i may be wrong , but we'll see in January
  • #6,064
  • Edited 5:01pm Dec 31, 2017 4:42pm | Edited 5:01pm
Quoting yg10
{quote} We can also recall earlier corrections
The 2013 run up ended with an 80% crash that took almost 2 years to bottom out.

I wouldn't be in any rush to buy Bitcoin at these levels. I can see sub $5k happening over the coming months and may take a few years before $20k is taken out on the upside.

Will have to see how the Alt coins perform since we're in uncharted waters.

It's interesting that Bitcoin futures are now on the CME and Cboe and can now be shorted on margin.

https://www.ft.com/content/829babb2-...4-0a1e63a52f9c
  • #6,065
  • Dec 31, 2017 8:56pm Dec 31, 2017 8:56pm
Quoting C-12
{quote} The 2013 run up ended with an 80% crash that took almost 2 years to bottom out. I wouldn't be in any rush to buy Bitcoin at these levels. I can see sub $5k happening over the coming months and may take a few years before $20k is taken out on the upside. Will have to see how the Alt coins perform since we're in uncharted waters. It's interesting that Bitcoin futures are now on the CME and Cboe and can now be shorted on margin. https://www.ft.com/content/829babb2-...4-0a1e63a52f9c
Bitcoin itself has some fundamental problems and probably some alts will take market share.

Concerning shorting. Shorting is possible for quite while on margin accounts in some crypto exchanges, Poloniex, Kraken, Bitfinex, ...
Also there is Bitmex, a futures exchange for cryptos that also allows shorting of course. Daily volume on Bitmex is ~10 times more than volume of Bitcoin contract on both CME and CBOE combined.
  • #6,066
  • Dec 31, 2017 11:22pm Dec 31, 2017 11:22pm
people just got used to only go long on BTC for a long period of time

if it breaks 10000 in January there could be a rude awakening for many unvestors in BTC and the whole Crypto sector

maybe 5000 would be too much , but the 9000 / 8000 area could easily be tested
  • #6,067
  • Jan 1, 2018 12:44am Jan 1, 2018 12:44am
Quoting MXT
people just got used to only go long on BTC for a long period of time if it breaks 10000 in January there could be a rude awakening for many unvestors in BTC and the whole Crypto sector maybe 5000 would be too much , but the 9000 / 8000 area could easily be tested
I am sure we will see 7000 in January 2018.
  • #6,068
  • Edited 5:03am Jan 1, 2018 1:27am | Edited 5:03am
Quoting karasinga
m15 divergence within H4 supply zone. happy new year{image}could this be the end of subminutte wave ii? time will tell
these are all alternative wave counts
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m15
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if this is beginning of wave iii then around <=5000 may ultimately print. just thinking around
It is not over until I win
  • #6,069
  • Jan 1, 2018 2:48am Jan 1, 2018 2:48am
Only bearish remarks in the last posts !!

Am i the only one who considers the actual correction of the cryptos as finished ?

Sixer
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  • #6,070
  • Jan 1, 2018 4:34am Jan 1, 2018 4:34am
Quoting shiva
{quote} I am sure we will see 7000 in January 2018.
quite likely , however it still needs to be confirmed

BTC is behaving more bearish than bullish at this stage imho
  • #6,071
  • Jan 1, 2018 4:36am Jan 1, 2018 4:36am
Happy New Year to all the crypto-traders.

When I opened this thread in 2013 they sent me hate-mail for saying "TA" and "Bitcoin" in the same sentence. During the 2014 decline they mocked us and laughed. Now they cannot get on-board fast enough - right near the top! And its Ether, XRP and all the rest without reservation

Good luck and keep your feet on the ground.

Venzen
cryptocurrency everytime
  • #6,072
  • Jan 1, 2018 5:01am Jan 1, 2018 5:01am
Quoting venzen
Happy New Year to all the crypto-traders. When I opened this thread in 2013 they sent me hate-mail for saying "TA" and "Bitcoin" in the same sentence. During the 2014 decline they mocked us and laughed. Now they cannot get on-board fast enough - right near the top! And its Ether, XRP and all the rest without reservation Good luck and keep your feet on the ground. Venzen
happy 2018 to u too

always a good thing to keep both feet on the ground
  • #6,073
  • Jan 1, 2018 5:09am Jan 1, 2018 5:09am
Quoting venzen
Happy New Year to all the crypto-traders. When I opened this thread in 2013 they sent me hate-mail for saying "TA" and "Bitcoin" in the same sentence. During the 2014 decline they mocked us and laughed. Now they cannot get on-board fast enough - right near the top! And its Ether, XRP and all the rest without reservation Good luck and keep your feet on the ground. Venzen
happy new year buddy
It is not over until I win
  • #6,074
  • Jan 1, 2018 9:05am Jan 1, 2018 9:05am
decision making time
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It is not over until I win
  • #6,075
  • Jan 1, 2018 10:21am Jan 1, 2018 10:21am
Quoting yg10
{quote} Bitcoin itself has some fundamental problems and probably some alts will take market share. Concerning shorting. Shorting is possible for quite while on margin accounts in some crypto exchanges, Poloniex, Kraken, Bitfinex, ... Also there is Bitmex, a futures exchange for cryptos that also allows shorting of course. Daily volume on Bitmex is ~10 times more than volume of Bitcoin contract on both CME and CBOE combined.
This maybe true right now, but let's see what happens when JP Morgan, Citigroup, Goldman Sachs, Morgan Stanley, Barclays etc are fully engaged.
  • #6,076
  • Jan 1, 2018 10:24am Jan 1, 2018 10:24am
Quoting Sixer
Only bearish remarks in the last posts !! Am i the only one who considers the actual correction of the cryptos as finished ? Sixer {image} {image}
Are you able to do the same analysis on both the weekly / daily charts?

Not sure you can really call the end of a correction of multi month up-move on a 2 hour timeframe.
  • #6,077
  • Jan 1, 2018 10:39am Jan 1, 2018 10:39am
14200 hard level
looking down expected target 11200 and 8350

bullish level 16500
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  • #6,078
  • Edited 10:40pm Jan 1, 2018 4:49pm | Edited 10:40pm
Quoting venzen
Happy New Year to all the crypto-traders. When I opened this thread in 2013 they sent me hate-mail for saying "TA" and "Bitcoin" in the same sentence. During the 2014 decline they mocked us and laughed. Now they cannot get on-board fast enough - right near the top! And its Ether, XRP and all the rest without reservation Good luck and keep your feet on the ground. Venzen
Thanks for opening the thread, it has been a great place to exchange ideas. We obviously have a mix of traders, investors and "anti-investors". The thread was very necessary and one thing for sure is that Bitcoin is one of the greatest financial opportunities of our lifetimes. It is great to see more traders propose TA scenarios; the banter between the believers and non-believers keeps us entertained while we trade the ups and downs.

Your intro on Page 1 should be recommended reading.
  • #6,079
  • Jan 2, 2018 3:10am Jan 2, 2018 3:10am
Quoting karasinga
decision making time{image}
demand zone held
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m15
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It is not over until I win
  • #6,080
  • Jan 2, 2018 3:32am Jan 2, 2018 3:32am
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