Bitcoin technical analysis

This has been good

$11.3K cleared now

The pullback may be real this time, my broker's spreads have gone from 1,500 to 3,500. Not sure where the true support lies, just hanging with it until the downward momentum runs out.

1500-3500 spread is pathetic.. WTF..? Broker only wants to make money and is way too greedy.

Gdax/Coinbase Bitstamp Kraken all offline, its a massacre

The acceleration on the down move once USD10k was breached is unreal.

Broker spreads now 5000! Animals...

oops

Back at USD9k, stairs up, elevator down....

Broker spreads now at 6000, do they know something we don't?

checkout the prices on kraken compared to Gdax, the difference is Quadrupled sometimes ten fold compared to yesterday, platforms are making big bucks now by (intentionally) delaying prices.

I learned placing limit orders way before it reaches its expected level is the only way to avoid geting ripped off.

buy back not yet,

At what level to buy back?

If it helps some,


- BITCOIN may consolidate here above the trading channel or worst case trade back into the trading channel to the 6700 level. you may (re) enter at one of those levels.

- LITECOIN same thing, same madness, only thing to keep an eye on is a possible double top if today closes below 79eur area,

- RIPPLE is still a good buy, 0.20 level, lots of good news coming so i personally dont expect it to fall below the lower trendline of the trading channel



crypto is hyper both up and down remember that, best is to add your own research before you enter so you dont panic too much when things turn the other way,


Note that my levels are in EUR

The reason for the downtime on the exchanges - take a look at the trading volume in the article.
https://www.cnbc.com/2017/11/29/bitc...e-trading.html

Is that a demo? I assume it is because otherwise I'd be closing those for profit

Hmmm.
Be careful.
It's play time.

We can see 7000 or 14000 tomorrow.
It's actually fun - i don't care. Just buying altcoins and even selling a bit. Set my TP and let the thieves whip the exchange rate

So question is WHEN TO BUY.
Expect total chaos to middle January.

Good luck.
Check my Crypto thread for alt-coins.

"100'000 USD for 1 Bitcoin?"

Reading this article ...
http://www.francescocaruso.net/artic...i-col-bitcoin/

... I found it interesting ...




P.S.
this is the translation:

... " Today, just after lunch, Bitcoin hit a maximum intraday of 11441 USD, corresponding to 9694 EUR (official quotes investing.com).
Thus, by way of example, the purchasing power transformed into real property of Bitcoin was as follows.
With Bitcoin at 14 of 29 November 2017 it could have been:

A) Buy a good used car (not German)
B) buy a great bike
C) pay one year rent of a nice studio or a non-central apartment

with 10 Bitcoin:

A) a great car (also German)
B) a beautiful boat
C) the advance of a discreet home in town or a row house in a non-luxury mountainous resort

with 100 Bitcoin:

A) some superlow cars
B) a yacht
C) a very nice apartment with triple garage or a villa with garden and pool

with 1000 Bitcoin:

A) an airplane
B) a dream boat
C) luxury penthouse in the center of one of the great cities of the world (London, New York etc.) or a mountainous region in a sub-populated area of the world.

Satoshi Nakamoto, the pseudonym under which the author (or authors) of 2008's seminal paper on the cryptocurrencies hides, has a million Bitcoins.

Between 14 today and 19, then in 5 hours, Bitcoin lost 20% of the peak, so whatever it could buy at 14, at 19 it could only take 80%: a side effect of volatility.
A year ago, Bitcoin was worth less than $ 800. No one knows what a real Bitcoin can buy in a year. The only possible measure of value is the cost of extracting a bitcoin in terms of energy, which was calculated to be equal (hardware and software excluded) to about eight times the cost of extracting a golden ounce.

These data, as I said, are merely a source of reflection. It would be interesting to know what percentage of people who do (or want to do) trading on cryptocurrencies really know what they are and how much they start to think of Bitcoin as a kind of ATM.

As it was written in the first post on Bitcoin by the end of 2013, "The Great Illusion is that what is empty and fake can not last."
But the QE lesson is that it lasts a long time and can last longer.

A tulip, at the top, was just as much a home: so why not foreclose, I know, the 100'000 USD for 1 Bitcoin?" ...

Add Syscoin to that list.

haha, you can see me )

"death cross" is coming to Bitcoin. Bitcoin will be about $ 3000. Before creating bigger waves and stronger in the future

It hit 11k.. iw as expecting your theory to hold if it hit $10k... I'll have you know I've seen this since 2014 and when BTC was $50... so I've been preparing for this moment since then. Now if it hit $11k or more in FOMO then it probably meant any retrace would be quick and probably defeated, meaning no $3k or the likes as much as you would like it to go there. I think we hit log 5 since we tend to skip logs before any meaningful top. Good luck with your positions.