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Bitcoin technical analysis

  • #861
  • Dec 30, 2013 7:59pm Dec 30, 2013 7:59pm
On BTC I'm looking at the same thing here, stuck bet wing a hard place and a rock, the choco ema and the blue ema are holding it and the blue line of the equestrian channel maybe a retest and bounce up, I still see the yellow line as resistance, if it takes it, then 900 and a thousand is a doable target like KiwiOz say.......there is two possible targets here, the yellow line at 825 and the blue line at 650.....after that I will reconsider my plan....

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The Chonchy
  • #862
  • Dec 30, 2013 8:04pm Dec 30, 2013 8:04pm
Quoting venzen
morning chonchy and KiwiOz, This quiet narrowing in the chart is definitely leading up to some fireworks. I'm expecting a break to the downside first, followed by a fast rise to new highs. The current wedge-shaped structure can be either a triangle (whcih is always the 2nd last move of a trend) or a leading diagonal - the latter meaning we're already in the ealry stages (wave 1) of the advance. In the case of a triangle we should see a final wave to the downside - although - as remarked by KO and others - it's depth will be limited due to the strong...

.....Morning Sir.

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The Chonchy
  • #863
  • Dec 30, 2013 8:06pm Dec 30, 2013 8:06pm
Quoting venzen
morning chonchy and KiwiOz, This quiet narrowing in the chart is definitely leading up to some fireworks. I'm expecting a break to the downside first, followed by a fast rise to new highs. The current wedge-shaped structure can be either a triangle (whcih is always the 2nd last move of a trend) or a leading diagonal - the latter meaning we're already in the ealry stages (wave 1) of the advance. In the case of a triangle we should see a final wave to the downside - although - as remarked by KO and others - it's depth will be limited due to the strong...
....And how do I do that Sir. I only have 45 dollars in BTC-e for it, but can get another $ 45 in from my wallet.....and I still haven't being able to trade in my MT4 platform yet from BTC-e, being lazy to call and the message system is too complicated....
The Chonchy
  • #864
  • Dec 30, 2013 8:07pm Dec 30, 2013 8:07pm
Quoting venzen
{quote} hey, i just mentioned XAG in my post and then noticed you posted a chart...
....I was just looking for a bounce or break bet, $ 10 dollars...
The Chonchy
  • #865
  • Dec 30, 2013 8:17pm Dec 30, 2013 8:17pm
Quoting chonchy
{quote} Good analysis KiwiOz, good in deed.....Happy Holidays to you and to your family.....
Cheers. Happy New Year to you & all.
Money Makes Money
  • #866
  • Dec 30, 2013 8:31pm Dec 30, 2013 8:31pm
Quoting chonchy
....! $ 10 dollars to who ever guess if is a break or bounce......! {image}
GOLD.
Last day of the Month. Last day of the year.
I'll take an each way bet Lol..........Bounce to daily Pivot at 1202. Then Break to Daily S1 at 1188........
Looks like the BOUNCE has started wave C of an ABC. retrace.
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Money Makes Money
  • #867
  • Dec 30, 2013 8:36pm Dec 30, 2013 8:36pm
BTC thoughts.
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Money Makes Money
  • #868
  • Dec 30, 2013 9:14pm Dec 30, 2013 9:14pm
Quoting venzen
{quote} hey, i just mentioned XAG in my post and then noticed you posted a chart...
...Great minds think alike venzen....
The Chonchy
  • #869
  • Dec 30, 2013 9:17pm Dec 30, 2013 9:17pm
Quoting KiwiOz
BTC thoughts. {image}
.........Yep, on one hour I see the same KiwiOz......to the re ema 100 and bounce.....more or less where your pink line is...



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The Chonchy
  • #870
  • Dec 30, 2013 11:24pm Dec 30, 2013 11:24pm
Quoting chonchy
{quote} ....And how do I do that Sir. I only have 45 dollars in BTC-e for it, but can get another $ 45 in from my wallet.....and I still haven't being able to trade in my MT4 platform yet from BTC-e, being lazy to call and the message system is too complicated....

hi chonchy,

What's happening with your MT4 account at BTC-e? If you explain here we might be able to help. Is your money already transfered to it or can you just create another live MT4 account and use that instead?

It seems with BTC-e, as long as you're not trying to get fiat in and out, everything is OK but, man, they sure do have a lot of issues around fiat. I guess that is not only their fault but the systemic clash between bank and Bit.

Knowing that I'm going to want to withdraw USD in the near future I began looking around the BTC-e site and forums for the best way to do this. My conclusion is that the least painful path is to do a bank wire transfer into BTC-e and then to do the same to get USD out. All those payment exchanges (OKpay, gimmeYourMoney, VapourCashNow, etc) are callcentre-based in Eastern Europe and basically if something goes wrong with your transfer the cash is caught in a loop between bank and language barrier. I found a few examples of this happening on the Bitcoin Forums. Most people say the wire transfer is best. (BTW they also rate Coinbase as the best exchange - but, ok, we're at BTC-e...)

Does anyone know how a Bitcoin ATM works? Is it possible to redeem Bitcoin for fiat? It may be possible to just bypass all the bank issues by going to an Bitcoin ATM near you and draw fiat - IF that's how it works...

Chonchy, post your issues here, so we can assist. I know the BTC-e support system is complicated but I just used it yesterday and they were quick and helpful, but unfortunately just repeated my question back at me as a fact without answering it! So it takes a few tries to get to the solution you want.
cryptocurrency everytime
  • #871
  • Dec 30, 2013 11:39pm Dec 30, 2013 11:39pm
Quoting KiwiOz
{quote} GOLD. Last day of the Month. Last day of the year. I'll take an each way bet Lol..........Bounce to daily Pivot at 1202. Then Break to Daily S1 at 1188........ Looks like the BOUNCE has started wave C of an ABC. retrace. {image}

KO,

Yes, my view too - I think Gold and Bitcoin will be highly correlated in the coming weeks.
cryptocurrency everytime
  • #872
  • Dec 31, 2013 12:45am Dec 31, 2013 12:45am
Quoting venzen
{quote} KO, Yes, my view too - I think Gold and Bitcoin will be highly correlated in the coming weeks.
Totally agree with you. let's see
  • #873
  • Dec 31, 2013 2:37am Dec 31, 2013 2:37am
Hello everyone I have been following this thread for a couple weeks now and done sitting on the sideline so I decided to jump in. Thanks for the charts and thoughts about trading bitcoin. I'm wanting to get into trading it but not sure what platform to use or what to get started or how much initial investment I need any advice would be great!


Oz
  • #874
  • Dec 31, 2013 2:50am Dec 31, 2013 2:50am
http://www.zerohedge.com/news/2013-1...-vs-pragmatist

Bitcoin As An Alternative Currency? - Libertarian Vs Pragmatist
  • #875
  • Dec 31, 2013 3:12am Dec 31, 2013 3:12am
Quoting venzen
{quote}Knowing that I'm going to want to withdraw USD in the near future I began looking around the BTC-e site and forums for the best way to do this. My conclusion is that the least painful path is to do a bank wire transfer into BTC-e and then to do the same to get USD out. All those payment exchanges (OKpay, gimmeYourMoney, VapourCashNow, etc) are callcentre-based in Eastern Europe and basically if something goes wrong with your transfer the cash is caught in a loop between bank and language barrier. I found a few examples of this happening on...
Yeah I agree with all of you, my expectation of a larger downside are gone. I'm still a bit worried about the low volume, but from what I've seen in the past with bitcoin it's not usually how massive sell-off have started.

Personally, I use local bitcoin for withdraw, some seller offer western union (at a high cost tho like 10-20% of market price) or local bank transfer if it's an option for you. It's pretty decent if you want to withdraw usd and you can manage up to 100btc within a week. All you have to do is to move your btc out of btc-e which isn't a problem.
An other option would be to purchase online a prepaid visa card in usd that you can use at any atm worldwide. Some website providing this service are fake/scam but some are legit, i did it in the past and got lucky but i wouldn't really recommend it.
Bitcoin atm/bitcoin credit card are still only at their early stage. I haven't yet look much into it.
If you have in a country that offer market price bank wire like in australia with btradeaustraila.com or if you have an GBP,AUD,CAD bank account, that would be the easiest.
Also my advice is to always do it with very small amount at first. See if it's legit, and how your bank/financial institution react to it.
For example, I've lost a bit with Okpay (legit) but they asked me some verification that I couldn't give them due to my own bank. So if I were you I'd stay away from all the yandex/egopay/okpay looking thing.
  • #876
  • Jan 1, 2014 3:58am Jan 1, 2014 3:58am
Quoting venzen
{quote} hi chonchy, What's happening with your MT4 account at BTC-e? If you explain here we might be able to help. Is your money already transfered to it or can you just create another live MT4 account and use that instead? It seems with BTC-e, as long as you're not trying to get fiat in and out, everything is OK but, man, they sure do have a lot of issues around fiat. I guess that is not only their fault but the systemic clash between bank and Bit. Knowing that I'm going to want to withdraw USD in the near future I began looking around the BTC-e...
I already have money in the acc at BTC-e but is not in the MT4 platform for some reason, I don't know, and I don't know how to use the help in their website, is like in Russian....Happy New Year to all here, the best of this coming 2014 to all......
The Chonchy
  • #877
  • Jan 1, 2014 7:54am Jan 1, 2014 7:54am
Happy New Year! Hope you had a great time. I am really looking forward to 2014.

-s-
BTC FTW
  • #878
  • Jan 1, 2014 9:06am Jan 1, 2014 9:06am
http://www.reddit.com/r/Bitcoin/comm...troyed_and_10/

Could it be the trend shift?

-s-
BTC FTW
  • #879
  • Jan 1, 2014 1:55pm Jan 1, 2014 1:55pm
Quoting Ozes
Hello everyone I have been following this thread for a couple weeks now and done sitting on the sideline so I decided to jump in. Thanks for the charts and thoughts about trading bitcoin. I'm wanting to get into trading it but not sure what platform to use or what to get started or how much initial investment I need any advice would be great! Oz
Bump

Any help here?
  • #880
  • Jan 1, 2014 2:26pm Jan 1, 2014 2:26pm
Quoting Ozes
{quote} Bump Any help here?
BTC-e is one platform, Mt.Gox is another one, there are many, but they are all new so is hard to recommend anyone, I do it with BTC-e, the money to start, depends on you ability to trade, I trade little, 40 or 50 buck, but if you can spend 100 without losing an arm and a leg, then go ahead and have some fun......


My choco line is almost there, so I will get out here and see what is happening after the bounce or break......happy new year to all....
The Chonchy
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