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Bitcoin technical analysis

  • #5,441
  • Nov 11, 2017 11:01am Nov 11, 2017 11:01am
Quoting RondaRousey
{quote} Shorted at 7300 5 days ago current price below 6500 How many pips noobs? That's what I'm talking about https://www.youtube.com/watch?v=rTM14lwCpbk
Maybe 1/100th of your losses covered from your shorts at $3000? Hehehe gloat all you want but shows your not ready to be profitable.
  • #5,442
  • Nov 11, 2017 11:07am Nov 11, 2017 11:07am
do you guys know if there is any CFD brokers that offers BTC micro lots and opens 24/7? I have only found brokers that offers only one of these..
  • #5,443
  • Nov 11, 2017 1:18pm Nov 11, 2017 1:18pm
Quoting Patrich
{quote} Close is 7125.30 and above 7108...possible 7324/7250 short later,more s probably ...looks like bears will come in early. Day bearish as against yesterday close wise but a retrace is well in place and already on...6680 possible next or maybe lower. Price is 7133 ATM . Edit: shorting 7153 was also in the books...missed this but let's see maybe there could be a free retrace for better entry ...a day close wise below 7095 will bring 5800-6000 in the books this month and this trading day I hope does that.

There would be $11500 and higher but...
Price still came bearish ...Mofus. Missed a lot here,knew it was bearish damn.
Month still bullish close-wise but I will need a retrace now.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,444
  • Nov 11, 2017 1:33pm Nov 11, 2017 1:33pm
I really don't understand the aim of you guys going against each other...its funny though.
Missed a lot on my big short but the other little entries did justice...will drop down later but meanwhile week close bullish as against monthly which is a necessity for 4500/5000 in the books.
Figures later.
"
Be humble enough to learn and be learned from
"
Attached Image
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,445
  • Nov 11, 2017 1:39pm Nov 11, 2017 1:39pm
Quoting odines
do you guys know if there is any CFD brokers that offers BTC micro lots and opens 24/7? I have only found brokers that offers only one of these..
Plus500 is oen 7/24 for criptocurrencies.
Imparo ancora
  • #5,446
  • Nov 11, 2017 10:56pm Nov 11, 2017 10:56pm
Quoting Patrich
I really don't understand the aim of you guys going against each other...its funny though. Missed a lot on my big short but the other little entries did justice...will drop down later but meanwhile week close bullish as against monthly which is a necessity for 4500/5000 in the books. Figures later. " Be humble enough to learn and be learned from " {image}
Price closed the day and week 6394/6475 which is bullish as against the month but price currently at 6145 being below 63** which is bearish monthly close wise...a retrace should be in place for the next target at 5500...7082 is next possible short point before this target maybe,will wait for the non weekend brokers to open though. There is a missed 8183 previously also that's in the books.
4100 looking like a last target point currently ATM...price ATM is 6064.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,447
  • Nov 11, 2017 11:42pm Nov 11, 2017 11:42pm
Quoting Patrich
I really don't understand the aim of you guys going against each other...its funny though. Missed a lot on my big short but the other little entries did justice...will drop down later but meanwhile week close bullish as against monthly which is a necessity for 4500/5000 in the books. Figures later. " Be humble enough to learn and be learned from " {image}
Very nice trade. I got back in with my Avatrade account, horrible spreads over the weekend, but great to see people making money. The brokers must be in shear misery with such an obvious trade. I must admit I did not anticipate how hard Bitcoin would fall on the Bitcoin Gold fork, but happy with the great opportunity it has presented.
  • #5,448
  • Edited 12:20am Nov 12, 2017 12:10am | Edited 12:20am
Will long for a retrace and placing stop at 20 below 5704...still holding shorts.
Lower numbers still in books and my stop could be blown through but its normal for a retrace to occur here.

Edit: TP at 6913,possible 70** but the previous is safer.
Attached Image
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,449
  • Nov 12, 2017 1:19am Nov 12, 2017 1:19am
Quoting priceaction1
I know the next move ))) BCH/USD {image}
Best trade of the year ...
  • #5,450
  • Nov 12, 2017 1:21am Nov 12, 2017 1:21am
Quoting Patrich
Will long for a retrace and placing stop at 20 below 5704...still holding shorts. Lower numbers still in books and my stop could be blown through but its normal for a retrace to occur here. Edit: TP at 6913,possible 70** but the previous is safer. {image}
Great call, I am running 6 time frames simultaneously, just caught the swing on the 5 min chart, and what a swing trade it is! It seems I have always read about great moves in this or that share or forex pair, but it is epic to be riding the wave in Bitcoin on probably the most dramatic day on the calendar. I suspect I will get no sleep today.
  • #5,451
  • Nov 12, 2017 1:29am Nov 12, 2017 1:29am
Quoting priceaction1
did you know Risk of losing Bitcoin in November? https://www.youtube.com/watch?v=oxCWcGHqh20
why they canceled the hard fork reason is clear
don't predict direction, but dance with flow of water
  • #5,452
  • Nov 12, 2017 1:38am Nov 12, 2017 1:38am
google "Mt. Gox"


https://en.wikipedia.org/wiki/Mt._Gox
don't predict direction, but dance with flow of water
  • #5,453
  • Nov 12, 2017 1:41am Nov 12, 2017 1:41am
Quoting Patrich
Will long for a retrace and placing stop at 20 below 5704...still holding shorts. Lower numbers still in books and my stop could be blown through but its normal for a retrace to occur here. Edit: TP at 6913,possible 70** but the previous is safer. {image}
Damn...s/o on my big buy and got another sloppy one above with little lot.
Pattern is clearer now...no longer using stop,f** on stop 2 times now.
Previous 8183 is the pattern play now.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,454
  • Nov 12, 2017 1:50am Nov 12, 2017 1:50am
Here is the plan and I expect a retest to 5575...placed a buy limit there with new target at 7187.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,455
  • Nov 12, 2017 1:55am Nov 12, 2017 1:55am
the present move indicates that the majority of actual bitcions are in few hands. now they can play as they want. price can reach "any" level, the sky is the limit. never trade on leverage just buy/sell ( whatever your plan) and forget for few months.
don't predict direction, but dance with flow of water
  • #5,456
  • Nov 12, 2017 2:11am Nov 12, 2017 2:11am
Quoting Patrich
Here is the plan and I expect a retest to 5575...placed a buy limit there with new target at 7187.
Chart
Attached Image
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,457
  • Nov 12, 2017 2:21am Nov 12, 2017 2:21am
the new high is on the way.
don't predict direction, but dance with flow of water
  • #5,458
  • Nov 12, 2017 3:20am Nov 12, 2017 3:20am
Possible entry on lower tf...4000 is in the books and I am not gonna long until it happens and price didn't get to previous month mid which is valid as norm on Long tf is hit.
Chart on possible entry(5942). Edit : watch 6930 area,also showing as possible short too .
Later...
Attached Image
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,459
  • Nov 12, 2017 3:21am Nov 12, 2017 3:21am
That what I say long ago. "According to data from Fork.lol, at roughly 4:30 UTC on Sunday the total amount of mining power backing the bitcoin cash blockchain surpassed that of the bitcoin blockchain." https://www.coindesk.com/confusion-euphoria-bitcoin-cash-30-billion-2000/

think what happens when all coins mined did any mining pool left. so the major nods goes off transaction becomes almost impossible
don't predict direction, but dance with flow of water
  • #5,460
  • Nov 12, 2017 3:41am Nov 12, 2017 3:41am
You are using wrong information to detect the next direction for Bitcoin:

https://www.bloomberg.com/news/artic...emains-divided

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