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Bitcoin technical analysis

  • #5,561
  • Nov 27, 2017 12:56am Nov 27, 2017 12:56am
Thank you so much for this brief info about Bitcoin, keep sharing
  • #5,562
  • Nov 27, 2017 5:12am Nov 27, 2017 5:12am
wow 5-8% drop on both ETH & DSH
recovery happening but...
whats the bet BTC does hit 10000 after this SL cleanout
prob won't sleep tonight
I will get my head around this, but always can be wrong
  • #5,563
  • Nov 27, 2017 6:06am Nov 27, 2017 6:06am
Yesterdays high - 935* and today's high so far-971* ...held my short at 92** loading and loaded more shorts now. Watching the closes...Trade safe.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,564
  • Nov 27, 2017 9:51pm Nov 27, 2017 9:51pm
Interesting take on the crypto-currency developments, see the Gatecoin video link on this page:
https://www.bloomberg.com/12f7280e-9...8-81be5b650ce3
  • #5,565
  • Nov 27, 2017 9:56pm Nov 27, 2017 9:56pm
The positive and the negative perspectives:
Plus: https://www.cnbc.com/2017/11/27/bitc...novogratz.html
Minus: https://www.cnbc.com/2017/11/27/buy-...ble-fears.html
  • #5,566
  • Edited 1:42am Nov 28, 2017 12:09am | Edited 1:42am
Quoting nimtrader
wow 5-8% drop on both ETH & DSH recovery happening but... whats the bet BTC does hit 10000 after this SL cleanout prob won't sleep tonight
You called it, USD10k down (almost on GDX)!
  • #5,567
  • Nov 28, 2017 12:21am Nov 28, 2017 12:21am
Weekly looking crazy, my USD9,600 short got popped at USD9,750; not ready to short this thing yet!
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  • #5,568
  • Nov 28, 2017 12:38am Nov 28, 2017 12:38am
Testing $10000 now
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  • #5,569
  • Nov 28, 2017 2:15am Nov 28, 2017 2:15am
Quoting Vitallica
Weekly looking crazy, my USD9,600 short got popped at USD9,750; not ready to short this thing yet!
I also tried to short at 9650, was stopped at 7020. But my fx account is BTC denominated, so it was a big loss.
  • #5,570
  • Nov 28, 2017 2:18am Nov 28, 2017 2:18am
Wait for it to test 10,000 and form a double top before shorting it? any suggestion ?
  • #5,571
  • Nov 28, 2017 2:29am Nov 28, 2017 2:29am
Quoting yg10
{quote} I also tried to short at 9650, was stopped at 7020. But my fx account is BTC denominated, so it was a big loss.
I hope you recover from it. Fortunately I only had one lot allocated to the short as I step the lots up only if the trade continues in my favour, and it had been drifting up against me, so I don't add to the position if that happens. Whatever you do, don't try make it back today, get calm and get back in tomorrow.

I hesitate to call a top on BTCUSD now, even though the chart is parabolic (there is a guy who claims Bitcoin is defined by a parabolic trend and this is its normal) but I suspect the opportunity to short via the CME next week has the hedge funds pumping the price to lure retail traders in, once the shorts gather pace there is virtually no doubt in my mind that the price will rise with similar ferocity to what we saw this week.
  • #5,572
  • Nov 28, 2017 2:34am Nov 28, 2017 2:34am
Quoting samuel2133
Wait for it to test 10,000 and form a double top before shorting it? any suggestion ?
I think the round number temptation may be on many people's minds, but looking at the daily chart, the price action is still very bullish and far above the 50 period EMA. I would not be game at this point to short it again, considering a long, but I will be watching it closely.
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  • #5,573
  • Nov 28, 2017 3:47am Nov 28, 2017 3:47am
Quoting samuel2133
Wait for it to test 10,000 and form a double top before shorting it? any suggestion ?
Don't short!!

Take small profit and wait for 12000.
$9985 now.
Yeyyyyy
Beware of robber banks (RB), bad advisors.
  • #5,574
  • Nov 28, 2017 5:54am Nov 28, 2017 5:54am
atm holding only ETH
both DSH and BTC are getting a little to much
will come back and look after a sleep with my 2nd coffee in hand tomorrow
I will get my head around this, but always can be wrong
  • #5,575
  • Nov 28, 2017 1:08pm Nov 28, 2017 1:08pm
Quoting Patrich
Yesterdays high - 935* and today's high so far-971* ...held my short at 92** loading and loaded more shorts now. Watching the closes...Trade safe.
Got popped...there is a pattern here and i see it now. Just when retailers start buying and more people are lured to go bullish then the pop... AAA+ something in u.s similar scenario maybe. Bitcoin is here to stay and that's considerable. Fed mentioned nothing clearly about bitcoin or its support.
Now what if dollar is removed as a means of exchange for Btc ?
Already 900% bull move this year ...why didn't someone tell me about this stuff when it was 650 and 1***+ . would have been freaking super rich now.
The first pop is close and I hope to catch or buy low.
Catching daily pills and getting out quick is best for me now ,it could just pop anywhere now.
Still learning.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,576
  • Nov 28, 2017 6:20pm Nov 28, 2017 6:20pm
The There's a guy here, talking abou crash selling....
I copy this from news section.


Quoting billv
{quote} Doesn't price drop fast when large sums of any instrument are sold off? Anyway, its your money so keep buying. Take care
You talking selling bitcoin and pushing price to 100-1000???
Using futures??
Only in theory buddy.

Neither banks nor morons are so many, or so strong, as to sell something that doesn't exist....I mean supply /demand is very non-elastic.

I mean selling 20 000 000+ bitcoins will put a dent. Yes. Down to $2000-5000-7000 price....
Snowball effects?? Panic sell?? Margin call. OK.

Then the smart people will buy, say at $1000-3000 or less and DEMAND their bitcoin.
Mind, many of us are HODLers. Don't care. Don't sell.

Now you tell me, where the futures/morons traders will find 10 or 20 million bitcoins???

???

Beware of robber banks (RB), bad advisors.
  • #5,577
  • Nov 28, 2017 7:26pm Nov 28, 2017 7:26pm
History is made! USD10k on the nose.
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  • #5,578
  • Nov 28, 2017 7:39pm Nov 28, 2017 7:39pm
Interesting to watch the GDAX price action, you can see the short sellers are in force at USD10k, but look at the rejection tails in the 5 minute candles. Keen to see who wins out over the next few hours.
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  • #5,579
  • Nov 28, 2017 10:47pm Nov 28, 2017 10:47pm
Quoting 2+2=4ex
$10,000 target
Told y'all.

Now I'm selling 90% of it and putting it in metals which will absorb the burst.
  • #5,580
  • Nov 28, 2017 10:49pm Nov 28, 2017 10:49pm
Quoting Not-KPMG
{quote} Don't short!! Take small profit and wait for 12000. $9985 now. Yeyyyyy
Just blown past USD10,400 - at this rate we will hit USD12k by the weekend!

No wonder the rest of the forex complex is flat, everyone is making a fortune on Bitcoin. Since the start of the weekend I have made almost as much as I made as an engineer last year. Would it be too much to see if it was possible to make it in a day?

The brokers must be in pain, wishing they never offered this thing, it is virtually a one way train.
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