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Bitcoin technical analysis

  • #5,381
  • Edited 1:44am Nov 3, 2017 1:15am | Edited 1:44am
Quoting mw108
{quote} 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.
That's news to me regarding FXPro having a BTC offering. I actually left them to go with IG & also Think Markets for my BTC trading. TM offer 1:33 leverage while IG only have 1:10 I believe.

But if FXPro are offering BTC I may well head back to them! If anyone else could confirm this I'd appreciate it as I can't find any info on their site. Many thanks.
Focus.
  • #5,382
  • Nov 3, 2017 1:20am Nov 3, 2017 1:20am
Quoting Marco-Kanto
{quote} That's news to me regarding FXPro having a BTC offering. I actually left them to go with IG & also Think Markets for my BTC trading. TM offer 1:33 leverage while IG only have 1:10 I believe. But if FXPro are offering BTC I may well head back to them! If anyone else could confirm this if appreciate it as I can't find any info on their site. Many thanks.
Yes. It is pretty new, just came in October.

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  • #5,383
  • Edited 2:18am Nov 3, 2017 1:41am | Edited 2:18am
Quoting mw108
{quote} Yes. It is pretty new, just came in October. {image}
Thank you - could you tell me their available leverage on BTC trading if you have a moment. Many thanks.

I'm also jealous of your high definition MT4 - I'm working on a mac and as you can see from the shot below, it doesn't seem to have been updated for 15 years! If anyone has any bright ideas about MT4 on a mac I'm ALL EARS.
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Focus.
  • #5,384
  • Nov 3, 2017 2:37am Nov 3, 2017 2:37am
Quoting Marco-Kanto
{quote} Thank you - could you tell me their available leverage on BTC trading if you have a moment.
You can set a Leverage up to 1:500. Not sure if it is different for BTC there. But I don't think so. Didn't experience any difference for BTC.

Quoting Marco-Kanto
Many thanks. I'm also jealous of your high definition MT4 - I'm working on a mac and as you can see from the shot below, it doesn't seem to have been updated for 15 years! If anyone has any bright ideas about MT4 on a mac I'm ALL EARS. {image}
What do you mean? Don't see any difference.
  • #5,385
  • Nov 3, 2017 5:19am Nov 3, 2017 5:19am
Quoting mw108
{quote} You can set a Leverage up to 1:500.
Very interesting - IG & TM have a predefined leverage level for their cryptos. Another reason to swing back to FXP.
Focus.
  • #5,386
  • Nov 3, 2017 6:02am Nov 3, 2017 6:02am
Quoting Marco-Kanto
{quote} Another reason to swing back to FXP.
FxPro has one major downside tho, which I also don't really like: Their spreads tend to be pretty high.

IG has constant 2.5 pips (or 2500 Points) and FxPro 3.7-5.2 Pips (3700-5200 Points). See Screenshots (top right of the chart).

IG:
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FxPro:
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  • #5,387
  • Nov 3, 2017 6:37am Nov 3, 2017 6:37am
Venzen,

here are the latest Bitcoin Elliott price pattern(s) of wave (5) in III since the low of 25th of oct.

Sixer
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  • #5,388
  • Nov 3, 2017 7:26am Nov 3, 2017 7:26am
Quoting mw108
{quote} FxPro has one major downside tho, which I also don't really like: Their spreads tend to be pretty high. IG has constant 2.5 pips (or 2500 Points) and FxPro 3.7-5.2 Pips (3700-5200 Points). See Screenshots (top right of the chart). IG: {image} FxPro: {image} {image}
OOSH. That's a SPREAD. Think Markets have a constant spread of 15 and also 24/7 access to the market so I'm using them solely for BTC trading.
Focus.
  • #5,389
  • Nov 3, 2017 8:55am Nov 3, 2017 8:55am
Crypto markets. Total value 200 000 000 000.

Yeyyy!!

I wonder where's that wise ass saying market value is less than something like a shop or Amazon.. .???

Is Ronda still shorting from $4500 to 500?

Beware of robber banks (RB), bad advisors.
  • #5,390
  • Nov 4, 2017 12:23am Nov 4, 2017 12:23am
Quoting Sixer
Venzen, here are the latest Bitcoin Elliott price pattern(s) of wave (5) in III since the low of 25th of oct. Sixer {image} {image}
Sixer, looks good! Parabolic top coming up, eh?
cryptocurrency everytime
  • #5,391
  • Edited 12:50am Nov 4, 2017 12:35am | Edited 12:50am
Marco-Kanto, mw108, interesting to see the large brokers starting to offer Bitcoin CFDs. You probably saw the news that the CME will be offering bitcoin futures.

Yes, bitcoin price can cover vast distances per trade, so it is lucrative to trade with leverage. The thing to be aware of is that much like paper gold, these CFDs don't grant you actual bitcoin, merely an opportunity to trade its price waves.

A major benefit of bitcoin, by design, is that it is a store of value with limited supply and long-term adoption growth. Hence, owning actual bitcoin is prudent.

Some exchanges, like OKEx.com and BitMEX, allow you to fund your margin account with bitcoin and to trade a CFD instrument for bitcoin payouts (as opposed to USD). Sure, they offer low leverage and they are neither regulated nor insured, but trading with a nominal amount of BTC and 20:1 leverage - for direct BTC profits - is possible.

Just thought I'd point that operating entirely in bitcoin and with full anonymity (if you know how to do this with Bitcoin) is possible.
cryptocurrency everytime
  • #5,392
  • Nov 4, 2017 2:37am Nov 4, 2017 2:37am
Fxpro don't allow 24/7 on btcusd trading and at times there might be need to close trade on a Saturday or Sunday . using a broker that allows 24/7 trading for crypto is better.
Meanwhile I was short btcusd from 7321 after price hit 744* close to 7552 supposed last high for now. 7250 mofu broken below and price currently below 7286.01 close wise yesterday will see price being bearish onwards . month,weekly are bullish ATM but day bearish which should continue maybe into weekly and maybe then monthly.
Charts aren't uploading now .current price is 7180 ATM.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,393
  • Nov 4, 2017 5:48pm Nov 4, 2017 5:48pm
Quoting Patrich
Fxpro don't allow 24/7 on btcusd trading and at times there might be need to close trade on a Saturday or Sunday . using a broker that allows 24/7 trading for crypto is better. Meanwhile I was short btcusd from 7321 after price hit 744* close to 7552 supposed last high for now. 7250 mofu broken below and price currently below 7286.01 close wise yesterday will see price being bearish onwards . month,weekly are bullish ATM but day bearish which should continue maybe into weekly and maybe then monthly. Charts aren't uploading now .current price is...
7552 got peeked again and touched now unlike before .
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,394
  • Nov 5, 2017 2:51am Nov 5, 2017 2:51am
Quoting Patrich
{quote} 7552 got peeked again and touched now unlike before .
I have 8098 as my current target - if correct I'm looking for a sell off around there, hoping for 7-11% before it rejoins the trend.

*edit - When I say me, I mean Fibonacci.
Focus.
  • #5,395
  • Nov 5, 2017 6:42am Nov 5, 2017 6:42am
New to bitcoin, Recently opened an account with AVA trade for crypto but their spread seems to be massive,

anyone advice for another broker?
  • #5,396
  • Nov 5, 2017 7:42am Nov 5, 2017 7:42am
Quoting mister123
New to bitcoin, Recently opened an account with AVA trade for crypto but their spread seems to be massive, anyone advice for another broker?
IC Markets have 1500 minipis spreads on Bitcoin.
Imparo ancora
  • #5,397
  • Nov 5, 2017 8:21am Nov 5, 2017 8:21am
Hey guys,
How do you think, what can help me to automate and constraint bitcoin trading?
  • #5,398
  • Edited 7:12pm Nov 5, 2017 6:42pm | Edited 7:12pm
Quoting Marco-Kanto
{quote} I have 8098 as my current target - if correct I'm looking for a sell off around there, hoping for 7-11% before it rejoins the trend. *edit - When I say me, I mean Fibonacci.
Yes 8000+ is in the radar up there...7552 holding might be better as price is already slowing down gently. I will get to short also if it gets up there too. We could see 4500 when it becomes bearish fully.

Edit: week already started bearish close wise yesterday being first trading day of the week ,7450 today and then lower likely close wise . price at 7304 atm...it could just go lower anyway .
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,399
  • Nov 6, 2017 12:42am Nov 6, 2017 12:42am
Quoting mister123
New to bitcoin, Recently opened an account with AVA trade for crypto but their spread seems to be massive, anyone advice for another broker?
AvaTrade does have horrible spreads, but they provide Bitcoin trading over the weekend, others like IG Markets and FP Markets have much better spreads but do not currently offer weekend trading due to the requirement to maintain a full staff complement during trading because of the leveraged nature of the instrument. Most of the big moves seem to happen over the weekend so this aspect is critical for me.

Localities like Australia are restricted from trading directly on GDAX, so we are stuck with the brokers. I have yet to withdraw funds from AvaTrade and from some of the feedback I have seen on ForexPeaceArmy I believe it is a circus, but I live in hope.
  • #5,400
  • Nov 6, 2017 8:44am Nov 6, 2017 8:44am
Intraday trade - long at 7265.xx, targeting 7568.
Focus.
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