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Bitcoin technical analysis

  • #5,521
  • Nov 23, 2017 6:36pm Nov 23, 2017 6:36pm
I wonder what the retail herd will make of this....

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

Everyone I know gives me a sympathetic look when I say I am trading Bitcoin, maybe I have got a tiger by the tail, but I simply cannot make money trading the traditional forex pairs at the moment, barring USDJPY in the Asian session, nothing is happening there.
  • #5,522
  • Nov 23, 2017 7:12pm Nov 23, 2017 7:12pm
Looking like gamble...nothing else...there is no doubt it is drive till where drivers will explode. Like silver actibn from 7 USD ip to 50 USD then died...even Gold cannot go up there is no logic logic this shit make ,%1000.matter of time to sink forever.will be remembered like Titanic disaester.
  • #5,523
  • Nov 24, 2017 6:44am Nov 24, 2017 6:44am
No noob has mentioned Ethereum so went long at 370

You came here for the truth and let me unveil it for you
  • #5,524
  • Nov 24, 2017 5:40pm Nov 24, 2017 5:40pm
Quoting Traderak
Looking like gamble...nothing else...there is no doubt it is drive till where drivers will explode.
Like silver actibn from 7 USD ip to 50 USD then died...even Gold cannot go up there is no logic logic this shit make ,%1000.matter of time to sink forever.will be remembered like Titanic disaester.
What you blabbing about??

What gold??
What forever????? ? ::<[?-?]

I want what you're smoking!!!!

Gold is paper mill manipulation. All fake. All certificates worthless but big.
Bitcoin etc are limited.
If they put some funny contracts out there.... soon.... Who's the prangojango selling it??? Who'll pay the spread etc???
There's only about 2-3 billion potential buyers.
Soooo???? Buy or sell???

Well i guess.... Ronda can sell
Beware of robber banks (RB), bad advisors.
  • #5,525
  • Nov 24, 2017 5:42pm Nov 24, 2017 5:42pm
Quoting stylinex
Be careful with Bitcoin next month with short options coming up https://www.coindesk.com/swiss-firms...ures-products/
I don't mind people selling it.
How am i supposed to buy if doesn't go again $7000-6000 or less.???
Haven't changed my target of 40000 to 80000. Few years.
10000 early next.

Come on short sellers!!!! Come by soon.
Beware of robber banks (RB), bad advisors.
  • #5,526
  • Edited 3:07am Nov 25, 2017 2:35am | Edited 3:07am
Quoting Not-KPMG
{quote} I don't mind people selling it. How am i supposed to buy if doesn't go again $7000-6000 or less.??? Haven't changed my target of 40000 to 80000. Few years. 10000 early next. Come on short sellers!!!! Come by soon.
As much as I love trading Bitcoin, the price action over the last few minutes has been nothing short of crazy, USD8,200 to USD8,400 in 6 minutes. The weekly makes me worry that we won't have this toy for too long - if it was a pressure vessel it looks about to blow. Just trade the heck out of it and have fun!

If it doesn't blow I hope your prediction is true. This dude agrees with you.
https://www.cnbc.com/2017/11/24/bitc...cord-high.html
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD Weekly.PNG Size: 80 KB
  • #5,527
  • Nov 25, 2017 6:28am Nov 25, 2017 6:28am
USD8,500 breached! I feel like a squirrel strapped to a rocket, who knew you could make more money trading Bitcoin on a Saturday than an entire week trading forex?
  • #5,528
  • Nov 25, 2017 6:51am Nov 25, 2017 6:51am
USD8,600 taken out! Where to next? Hanging in with the longs, but surely the party will end - 4.50% up in 24 hours!
Attached Image (click to enlarge)
Click to Enlarge Name: GDAX.PNG Size: 212 KB
  • #5,529
  • Nov 25, 2017 8:03am Nov 25, 2017 8:03am
ETH has been leading this one with 50%+ advance within 2 weeks while Bitcoin "stagnated" with 30% gain.

I guess nothing is too high until it is.

I do have concerns about the CBOE listing though, as it may invite hedge fund sharks in town, or introduce subdued volatility at least, both of which are deadly for the last frontier.
No Highs? No Lows? Must be Bose!
  • #5,530
  • Nov 25, 2017 12:33pm Nov 25, 2017 12:33pm
Quoting Vitallica
USD8,600 taken out! Where to next? Hanging in with the longs, but surely the party will end - 4.50% up in 24 hours! {image}
Watch 8970 and 9210...I'm looking at shorting there personally. Its always interesting man.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,531
  • Nov 25, 2017 3:36pm Nov 25, 2017 3:36pm
Quoting Tardigrade
ETH has been leading this one with 50%+ advance within 2 weeks while Bitcoin "stagnated" with 30% gain. I guess nothing is too high until it is. I do have concerns about the CBOE listing though, as it may invite hedge fund sharks in town, or introduce subdued volatility at least, both of which are deadly for the last frontier.
I traded ETH for the first time on Friday, still not sure why the move has been so dramatic, but suspect it may have something to do with the increase in users over this weekend.
https://www.cnbc.com/2017/11/25/bitc...000-users.html

The BTC push through USD8,700 has come and gone, still no obvious short signal, so I will hang in until it comes. I like the targets proposed by Patrich, USD8,970 will make this a very nice ride!
  • #5,532
  • Edited 6:47pm Nov 25, 2017 6:36pm | Edited 6:47pm
Quoting Patrich
{quote} Watch 8970 and 9210...I'm looking at shorting there personally. Its always interesting man.
Cashed out at USD8,800; re-entered at USD8,838, and now we are pushing to USD8,900... I looks like the target you set is just minutes away.

The GDAX moneywall shows the sellers are abundant at USD9,000 so the retail buyers could take us there today.
Attached Image (click to enlarge)
Click to Enlarge Name: BTC8888.PNG Size: 221 KB
  • #5,533
  • Nov 25, 2017 6:49pm Nov 25, 2017 6:49pm
USD8,900! Just like that!
  • #5,534
  • Nov 25, 2017 6:59pm Nov 25, 2017 6:59pm
Atm ETH, LTC and DSH dropping quickly
BTC showing 7875 with no show of that spike
I will get my head around this, but always can be wrong
  • #5,535
  • Nov 25, 2017 6:59pm Nov 25, 2017 6:59pm
Quoting nimtrader
Atm BTC, ETH, LTC and DSH dropping quickly
BTC is rising, so others drop.
Wake up and don't mislead ok???
Beware of robber banks (RB), bad advisors.
  • #5,536
  • Nov 25, 2017 7:12pm Nov 25, 2017 7:12pm
Quoting Not-KPMG
{quote} BTC is rising, so others drop. Wake up and don't mislead ok???
I don't think nimtrader is trying to mislead. The charts are showing down trend potential on ETH, LTC and DSH for now.

GDAX offer limited trading in most regions with only inter crypto-currency transactions allowed, so the flow may just be changing hands, but I suspect we may be about to retrace on Bitcoin, the daily shows a parabolic rise over the last 3 days. In order for Bitcoin to rise further, I think we are due for a reasonable pullback to confirm the support base of that last resistance. Possibly USD7,300 but that may be too harsh a target.

Just stay on top of the price action.
  • #5,537
  • Nov 25, 2017 7:17pm Nov 25, 2017 7:17pm
I got out of ETH @ 580
they have all been higher this weekend my charts aren't showing how high they went
back in @ 559
I will get my head around this, but always can be wrong
  • #5,538
  • Nov 25, 2017 7:25pm Nov 25, 2017 7:25pm
Quoting nimtrader
I got out of ETH @ 580 they have all been higher this weekend my charts aren't showing how high they went back in @ 559
Just started shorting ETH on the trading signal. Weekend spreads are brutal.
Attached Image (click to enlarge)
Click to Enlarge Name: ETH Shorts.PNG Size: 111 KB
  • #5,539
  • Edited 8:58pm Nov 25, 2017 8:35pm | Edited 8:58pm
I'll hold my lower buy
where did you get the chart?
mine only shows from when I log back in
would like the see A DSHUSD
I will get my head around this, but always can be wrong
  • #5,540
  • Nov 25, 2017 10:28pm Nov 25, 2017 10:28pm
The chart is an MT4 chart with the template and indicators I posted before (https://www.forexfactory.com/showthr...0#post10498400). I was using AvaTrade (BTCUSD spread 2,500) before, but now I am with ThinkMarkets (BTCUSD spread 1,500 weekdays, 3,000 weekend).

I have enclosed the DSHUSD 30 minute chart - when the trade arrow suggests a down move, but the price action is above the smoothed 50 period moving average, I ignore the signal. Still bullish at this time in my view.
Attached Image (click to enlarge)
Click to Enlarge Name: DASHUSDM30.PNG Size: 106 KB
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