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Bitcoin technical analysis

  • #5,461
  • Nov 12, 2017 4:42am Nov 12, 2017 4:42am
Trading bitcoin looks horrifying, I feel like all the clues to how bitcoin is going to move beyond technical analysis are way too vague. Or am I meant to look at something else in regards to trading it?
  • #5,462
  • Nov 12, 2017 5:12am Nov 12, 2017 5:12am
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..
Think Markets.
Focus.
  • #5,463
  • Nov 12, 2017 6:53am Nov 12, 2017 6:53am
Quoting Marco-Kanto
{quote} Think Markets.
Think Market is a great broker but they do not offer micro lots.. just full lots
  • #5,464
  • Nov 12, 2017 2:24pm Nov 12, 2017 2:24pm
Quoting baaldeagle
Trading bitcoin looks horrifying, I feel like all the clues to how bitcoin is going to move beyond technical analysis are way too vague. Or am I meant to look at something else in regards to trading it?
I assume you are referring to the volatility. The answer to your question is yes, you do need to be looking at "something else". There are notable fundamental drivers behind the recent price action (https://www.coindesk.com/bitcoin-gol...rrency-sunday/).

I will not debate whether technical analysis works or not, but if technical analysis in isolation was a reliable trading methodology, it could very easily be implemented as a mechanistic model and in theory then we would all be winners....
  • #5,465
  • Nov 12, 2017 9:01pm Nov 12, 2017 9:01pm
Quoting Patrich
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... {image}
5942 re-touched and picked...6980 where I watch next.
On a sideline now ,back to previous mode of no posts. Good luck!
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,466
  • Nov 12, 2017 9:35pm Nov 12, 2017 9:35pm
Quoting RondaRousey
{quote} {image} shorted ponzi bitcoin at 7300
Handed noobs over 1000 bitcoin pips with a post 6 days ago to short at 7300

Inserted Video
You came here for the truth and let me unveil it for you
  • #5,467
  • Nov 13, 2017 12:32am Nov 13, 2017 12:32am
Quoting RondaRousey
{quote} Handed noobs over 1000 bitcoin pips with a post 6 days ago to short at 7300 https://www.youtube.com/watch?v=rLysoLU90oE
The volatility on Bitcoin is not conducive to holding the same position for 6 days. Even stop losses are not guaranteed in high volatility situations, and since Bitcoin is offered as a CFD it is better to manage the trade by taking profit and opening new positions if you maintain a high conviction on the move. I have pushed through 48 hours without sleep managing my trade, but never 6 days, so I hope you have an ironclad trading plan. I think many brokers will go to the wall before Bitcoin is done, so I only keep the liquidity I need to run 10 lots in the account.

If the news is to be believed the massive pip waterfall has drawn record crowds of muppets to open crypo trading accounts - the wild ride has just begun....

https://www.coindesk.com/confusion-e...-billion-2000/
  • #5,468
  • Nov 13, 2017 12:35am Nov 13, 2017 12:35am
whats the deal with Bitcoin gold? is that up and running now?
Look Sharp/Trade Tight
  • #5,469
  • Nov 13, 2017 1:03am Nov 13, 2017 1:03am
Quoting PayTheLimit
whats the deal with Bitcoin gold? is that up and running now?
According to Coindesk it is:

https://www.coindesk.com/bitcoin-gol...kchain-launch/
  • #5,470
  • Nov 13, 2017 1:06am Nov 13, 2017 1:06am
Quoting PayTheLimit
whats the deal with Bitcoin gold? is that up and running now?
looks like scam project
  • #5,471
  • Nov 13, 2017 1:15am Nov 13, 2017 1:15am
So I don't get one thing, and admittedly I haven't really done my homework. But the Bitcoin supply is limited, good. What about these forks, are they limited?
Look Sharp/Trade Tight
  • #5,472
  • Nov 13, 2017 2:51am Nov 13, 2017 2:51am
Quoting PayTheLimit
So I don't get one thing, and admittedly I haven't really done my homework. But the Bitcoin supply is limited, good. What about these forks, are they limited?
The new crytpo-currencies will expand the number of units considerably. Checkout the following links: Bitcoin Cash (https://www.bitcoincash.org/) and Bitcoin Gold (https://bitcoingold.org/).

The Bloomberg article below summarises the situation nicely.

https://www.bloomberg.com/news/artic...ar-intensifies
  • #5,473
  • Nov 13, 2017 2:54am Nov 13, 2017 2:54am
Quoting Vitallica
{quote} The new crytpo-currencies will expand the number of units considerably. Checkout the following links: Bitcoin Cash (https://www.bitcoincash.org/) and Bitcoin Gold (https://bitcoingold.org/). The Bloomberg article below summarises the situation nicely. https://www.bloomberg.com/news/artic...ar-intensifies

thanks man
Look Sharp/Trade Tight
  • #5,474
  • Nov 13, 2017 6:02pm Nov 13, 2017 6:02pm
Quoting RondaRousey
{quote} Handed noobs over 1000 bitcoin pips with a post 6 days ago to short at 7300
Tell us about your short from 4500 to 500.

And smart people don't short. Noobs do. Ding ding
Beware of robber banks (RB), bad advisors.
  • #5,475
  • Nov 13, 2017 6:06pm Nov 13, 2017 6:06pm
Quoting PayTheLimit
So I don't get one thing, and admittedly I haven't really done my homework. But the Bitcoin supply is limited, good. What about these forks, are they limited?
No.
Forks can be done in thousands.
Many coins are derivatives of bitcoin, use the same software but change few numbers.
97% of these coins are sh!tcoins.

Few survived over time if
A) offer something better
B) have good team or advertising

Look for example FAIR, VTC.
Beware of robber banks (RB), bad advisors.
  • #5,476
  • Nov 13, 2017 8:01pm Nov 13, 2017 8:01pm
Quoting Not-KPMG
{quote} No. Forks can be done in thousands. Many coins are derivatives of bitcoin, use the same software but change few numbers. 97% of these coins are sh!tcoins. Few survived over time if A) offer something better B) have good team or advertising Look for example FAIR, VTC.
BCH>BTC
  • #5,477
  • Nov 14, 2017 6:40am Nov 14, 2017 6:40am
Quoting Nicholishen
{quote} BCH>BTC
Who knows
This and forks and relative value is decided by the users..
Beware of robber banks (RB), bad advisors.
  • #5,478
  • Nov 14, 2017 9:04am Nov 14, 2017 9:04am
Quoting venzen
{quote} I guess a large sell-off should follow that date. After that I don't know... I have a $12,000 fib extension target and a long-term fib retracement (0.618) low nearer $3000. It depends on what the chart technicals show by the end of November. Higher is better but leveraged shorts are more profitable
I paid 14$ transaction yesterday ... Time for 3000$ ?
  • #5,479
  • Nov 15, 2017 12:10am Nov 15, 2017 12:10am
Quoting RondaRousey
{quote} Handed noobs over 1000 bitcoin pips with a post 6 days ago to short at 7300 https://www.youtube.com/watch?v=rLysoLU90oE
HAHAHAHAAAAAAA. No "likes" just hate posts.

The more you make, the more noobs will hate you.

Noobs try to drag you down to be like them, A NOOB.



You came here for the truth and let me unveil it for you
  • #5,480
  • Nov 15, 2017 3:19am Nov 15, 2017 3:19am
Quoting RondaRousey
{quote} HAHAHAHAAAAAAA. No "likes" just hate posts. The more you make, the more noobs will hate you. Noobs try to drag you down to be like them, A NOOB.
My reply was not a hate post, I just have a perhaps too hands on approach with trading Bitcoin, so I don't leave it unattended. It was a good call you made.
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