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Bitcoin technical analysis

  • #4,921
  • Jun 21, 2017 3:39am Jun 21, 2017 3:39am
current levels
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  • #4,922
  • Jun 21, 2017 5:26am Jun 21, 2017 5:26am
Quoting Delta1One
I'm wondering if some shorts could work out from that level ? {image}
I hope you guys are enjoying the ride :-))
  • #4,923
  • Jun 21, 2017 5:29am Jun 21, 2017 5:29am
Quoting Tecciztecatl
current levels {image} {image}

Hi Tecciztecatl,

I see lot of nice turning points in your chart.

Would that technique work also to predict high probability future turning points as well ?

Is there any way you could try to work this out?

Nice visuals.

Thanks
Kr
  • #4,924
  • Jun 21, 2017 8:46am Jun 21, 2017 8:46am
Quoting Delta1One
{quote} Hi Tecciztecatl, I see lot of nice turning points in your chart. Would that technique work also to predict high probability future turning points as well ? Is there any way you could try to work this out? Nice visuals. Thanks Kr
Hello.
These are the points that formed the market and the market reacts to them.
And the Fibonacci levels predict approximate goals.
It remains only to use them correctly - this is the question of your strategy and money management.
  • #4,925
  • Jun 21, 2017 8:50am Jun 21, 2017 8:50am
Care, there is a "pump" alert on btc, meaning it could go up....
However unsure what is the impact of that....
  • #4,926
  • Jun 21, 2017 8:54am Jun 21, 2017 8:54am
Quoting Delta1One
Care, there is a "pump" alert on btc, meaning it could go up.... However unsure what is the impact of that....

4pm GMT as per a blog...
  • #4,927
  • Jun 21, 2017 9:03am Jun 21, 2017 9:03am
IMO more like a dump.
  • #4,928
  • Jun 21, 2017 10:35am Jun 21, 2017 10:35am
On some exchange we can see the order book, example below

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https://www.kraken.com/charts

Live data.

But the cfd is not same price.
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Very funny.....
  • #4,929
  • Jun 21, 2017 10:41am Jun 21, 2017 10:41am
Quoting Delta1One
On some exchange we can see the order book, example below {image} https://www.kraken.com/charts Live data. But the cfd is not same price. {image} {image} Very funny.....
Yep here too

https://www.bitstamp.net/market/tradeview/

"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #4,930
  • Jun 21, 2017 10:44am Jun 21, 2017 10:44am
And there are these clowns talking of pump.... really no idea what the hell this stuff is.... anyone ?

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Freaking.
  • #4,931
  • Jun 21, 2017 10:47am Jun 21, 2017 10:47am
So basically 4pm GMT is in around 13 min from now.

Don't know what these clowns are pumping...

Maybe air in their empty minds ?

Let's see.
  • #4,932
  • Jun 21, 2017 11:02am Jun 21, 2017 11:02am
Ok. Now 4pm GMT.

These clowns are definitely pumping air out of their empty mind.
Case closed
  • #4,933
  • Jun 21, 2017 4:48pm Jun 21, 2017 4:48pm
When taking the correct pair the slippage between btc exchange and cfd btc is actually not that huge. Must be some arbitrage strategy to derivate from these exchange imperfections.

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  • #4,934
  • Jun 21, 2017 4:56pm Jun 21, 2017 4:56pm
Quoting michisuperfr
{quote} Yep here too https://www.bitstamp.net/market/tradeview/
Really like the display. Anyone tried arbitrage btc trading ?

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  • #4,935
  • Jun 21, 2017 5:13pm Jun 21, 2017 5:13pm
If there was a low risk way to do it the big boys would of already done it. Bit and company are risky enough without adding more to it. Not for me.
  • #4,936
  • Jun 21, 2017 11:53pm Jun 21, 2017 11:53pm
Ehthereum at $300 was a good buy earlier on. Pullbacks and dips create buying opportunity
  • #4,937
  • Jun 22, 2017 3:58am Jun 22, 2017 3:58am
One good and one garbage articles to read :

http://www.marketwatch.com/story/how...ive-2017-06-21
Quote:
For all its glitter, the total value of gold is a distant fourth, at only about $8.2 trillion, while U.S. dollars in circulation add up to $1.5 trillion.
EndQuote.

So from the trash I get one idea - gold is 200 times bigger market!! If bitcoin takes half of THAT, and loses half of the dominance, it means 50 times growth is possible. That's over $125000 per bitcoin.

When the stock bubble crash - maybe 500000 per bitcoin?

Any predictions??? Charts maybe??

Now there's article by Brett Arends - a crybaby that's whining, crying and sucking dry red peppers because poor chap missed bitcoin

http://www.marketwatch.com/story/sta...age-2017-06-15

Read and laugh.

Hey, i was right on with my chart dropping 3000 to 2000. but idiot as I'm I didn't trade.

So buying now or $2200? Selling where? I say a fifth at $4900? Then 10000 next year.
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Beware of robber banks (RB), bad advisors.
  • #4,938
  • Jun 22, 2017 4:16am Jun 22, 2017 4:16am
Quoting Not-KPMG
$125000 per bitcoin. When the stock bubble crash - maybe 500000 per bitcoin? Any predictions??? Charts maybe?? Then 10000 next year. {image}
LOL. Now who will pump bitcoin to $10,000 or $125,000? who is going to be the bigger fool to buy a series of numbers and letters that is bitcoin and make it worth 1 million per bitcoin?
You came here for the truth and let me unveil it for you
  • #4,939
  • Jun 22, 2017 4:25am Jun 22, 2017 4:25am
Quoting RondaRousey
{quote} LOL. Now who will pump bitcoin to $10,000 or $125,000? who is going to be the bigger fool to buy a series of numbers and letters that is bitcoin and make it worth 1 million?
Who? Billion of people.
I love your scepticism

Would you agree on a date in few months if I'm right The chart below I mean.

Look here - right now 50 million people know about bitcoin. Tomorrow -ish that will be 1 billion.
So when they buy bitcoin, Ether, Monero, Litecoin, Ripple, SysCoin, Cloak, Mooncoin.....etc (my holdings) what the price will do?????

Or you think people will buy Apple, US government paper, Oil shares??? Nope.
UK government debt? Hahaha. The 50 million UK leavers will sell pound (at $1.05) for bitcoin....


So you free on 9th May for a date??
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Beware of robber banks (RB), bad advisors.
  • #4,940
  • Jun 22, 2017 5:25am Jun 22, 2017 5:25am
Quoting Delta1One
{quote} Really like the display. Anyone tried arbitrage btc trading ? {image}

I was looking at arbitraging $ETH yesterday as the gab between different exchanges was massive
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