Bitcoin technical analysis

take it easy with me, folks while I am FX my way through this whole bitcoin fiasco. I am new to bitcoin trading, but do have some 10 yrs experience on FX.

soon the new fork in bitcoin happen and the price is in the area of a up trend channel where he did touch the high of the channel, for me itt looks like bitcoin can go down, and be carefull if it goes below 4000 dollar then the long term up trend can turn into a new down trend

so i think it is maybe the best time currently to sell bitcoin for the rest of this year

Maybe I am just getting too used to trade forex with some fundamental reasonings. Bitcoin didn’t have that other than everybody wanting to get a piece of it and thinking it’s going to hit 1 million in like fucking 5 years or something.

4 positions ended up as winners, but really, they felt like USD/JPY on a regular weekday. GBPJPY moves way faster than this BTC/USD as far far I can tell on a Monday section.

Gonna continue to trade it for a good 2 months to get a real feel about it.

What fundamental resoning support the move on bitcoins other than rumors about this A country is doing B regulation (what, I don’t care, but mostly is regulating people dumping their currency for bitcoin other than actually officallize bitcoin as a form of payment like visa, right), and the C company developing a D plan to possible make the Bitcoin “more valuable”? And do any of these outcome really benefit or hurt your bitcoin investment, no body knows that because we never had something like that in the last, so there is no study case to predict especially when it comes to something like bitcoin that is what I called “nothing in reality”.

All short positions on BTC/USD are now covered as i am continue seeking for the next entry opportunity.

I'd say let't not confidently compare Bitcoin with Facebook in terms of how it might be the next big hit. Several major social networks had died horrible prior to Facebook and BTC has yet met its competition. Perhaps we need to get that out of the way first before invest heavily into this product.

We have a 6300 take off.

Finally...

https://www.bloomberg.com/news/artic...itcoin-futures

Yesss!!
Missed buy yesterday.... so today

PS:
Where are mighy shorters like Ronda and Gravitist to whine about bitcoin bu-bu-bubulaaaa

Bitcoin 6400 takes off. This bitch just keeps on going and going and going.

Here goes my 1st 5% trading btc/usd. 7 out of 7.

Hi all,

I hope I'm not breaking the rules of this thread. Yet can someone tell me which broker they use? So much competition I would like to know what fellow FF members feel comfortable with.

+

Doesn't this have all the signs of a bubble? Recall in 2008 many sold everything to buy a house, or re-mortgage their properties. Yet now we have people selling everything to buy Bitcoin? It's absurd! It's a belief in the Block-chain technology, not necessarily the Crypto-currency itself.

My opinion. Sorry I don't do technical analysiss.

A

Gidday Traders

$9500 NZD

Wow can not sleep,this is massive

Done trading bitcoin for now as i am starting work on my main portfolio. I will come back to this subject later in the month. Good luck all.

if you didn't go long at the beginning of the week,
you are a noob

Looking for a sweet spot to short this ponzi bitcoin

Apologies for my comment on the XAU/USD & XAG/USD thread then, good to see you riding this thing too, can you believe USD7k plus! I might just close it out now, what a ride!

7970 could be a good place to look.

$7000 breached today

IG and FxPro offer BTCUSD trading. Both are FCA regulated. There are others (FIBO Group), but they are just CySec regulated. Wouldn't trust that.