Bitcoin technical analysis

Is anyone here trading cryptos in an exchange?
(I'm thinking of doing that instead of using fx brokers.) Can anyone recommend a good one based on their/other people's experience?
Also, which is a good wallet to use for storing your cryptos? What do you guys think of "paper" wallets?
Thanks in advance, from a new recruit to this fascinating brave new world!

Just buy and add on all pullbacks. If you see a 30-50% correction buy!

http://fortune.com/2017/10/02/bitcoi...stine-lagarde/

I bought a Trezor for storage. Coinbase and Bittrex are not bad. Buy another new computer like an MacBook Pro by Apple and only use that computer for trading. Trade only from a secure home wifi connection. When your done log off,disconnect from wifi and switch computer off.

Do not use that computer for anything else. Do not download or install any apps on it. Do not visit any social media websites either on it.

Use other computer for all other stuff you do on internet.

I think BTC has reached its peak, and I think what we are seeing is the formation of a "return to normal" bull-trap.

In almost all bubbles you'll see price pivot about half-way up the build up phase. Let's call this the pivot. For BTC that was around the 2500 mark. Then what you see is a run up to pivot+(pivot-low) which would put us exactly where this last bull-run stopped. I could be wrong but I'm speculating that the miners and the big money behind them are now unwinding and if that's the case then we'll see a very technical market-maker move with a lot of distribution in the 4000-4500 channel most likely followed by a final run up to grab the final bit of high-price liquidity by trapping bulls and stopping out shorts.

People thought the same in early 2013 before the rally to $1300.

I know because I was there. I also remember watching dumb-money get suckered into that bull-trap in 13 when prices went parabolic in spite of Gox failing. The fundamentals were against a further rise in BTC, just like they are now.

The recent Chinese regulation blow to BTC was the pin that popped this bubble, which was on the heels of the upcoming segwit2x attack. Smart-money is winding down now. Look at the limp volume of this "JP morgan rumor" rally (bull-trap), smart-money aint buyin' it.

BTC is about to fork ten ways from Sunday. So are you really telling me that in spite of the China regulations, fork attacks, and lack of buying volume that BTC will continue to set new highs?

Technicals:

Shorting 4650-4700 Stop 4830

Hello guys, short intro. I trade forex for about year now have pretty much broke even. I want to get into mining cryto's and have done research. However i hear about trading them and have to wonder is trading cryptos like btc and ether the same as trading forex? Buy, sell, pivot lines? also since their is no leverage i assume, how much would i need to make decent money without crazy risk? hate asking these type of noob questions but would appreciate a response from someone with experience.

Did you get liquidated?

No, I haven't commented here because I've been watching this trade develop. My TA wasn't lining up with how the PA was developing, and I was also looking at order-flow for clues to get short. I'm short a little-bit now, and this is how I'm scaled so far ...

Bullish pennant forming. I'm out.

Here comes $5000 possibility of $6000 by November is now possible for those that have been holding long. As I said before always buy the big pullbacks and dips

This rally still smells of a bull-trap.

Now maybe but when you see big pullbacks just buy

I've been doing that since '15, but I think BTC is on some really shaky ground this time. The China crackdown was a huge blow to BTC, huge. A large portion of the block-chain volume (that was actually used for value transfers) was from Chinese businesses offering discounts for exports when paid with BTC, and now that's no more. Also, the forks are temporarily propping up the price, but threaten the long-term value of bitcoin core.

TA from this recent drop and rally shows us that the volume from 4800 to 3000 was much higher than the volume from 3000 back to 4800. Also, this recent rally's volume is much less than the volume from the July surge. Recently we've seen alts getting crushed from people moving out of alts into BTC in order to cash in on the upcoming forks. This would suggest that a large portion of this rally has come from a combination of supply pull-back and crypto reallocation, and thus suggests that that smart-money is no longer buying and may be using the forks to unwind. I think we are seeing this rally sputter-out because the free-crypto-demand is being absorbed by distribution. I won't be considering any long-term BTC holdings until the forks are resolved, and as of now my one-year outlook is bearish.

What's interesting is that BitCoin is now back above 4800. When silver bumped it's head at 5000, it fell hard and continued to fall.

BitCoin fell hard and recovered. Looks like it's on it's way to new highs.

This rally is sputtering out. It failed to break-out despite the alts emptying their coffers, and now the alts are rallying and FOMO will soon set in. Taking another short at 4840

I'm waiting for a good buying opportunity with an eye to storing my BTC in a wallet and holding for the medium or long-term.

What do you think? Opinions-- for or against-- welcome.

Hello Traders

Cracked the $5000 again

What a beast,the old story should have bought more at the lower levels.

Lets see if it makes a new high

Ye Haaa

China crackdown is BS.. Just buy the dips on these things as I said before

Bitcoin smashes above $5,100 to hit a new record on rumors China could reverse ban - CNBC
https://apple.news/AkwflLVGuQJSLugMLlXMGcQ