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Bitcoin technical analysis

  • #5,621
  • Nov 30, 2017 2:08pm Nov 30, 2017 2:08pm
Quoting halichthiep
"death cross" is coming to Bitcoin. Bitcoin will be about $ 3000. Before creating bigger waves and stronger in the future {image} {image}
Hey halichthiep,

I think ...
... we are in the 4th one (a corrective wave): the fifth will reach 1100$ or 1200$ more than the max
(top 12500-12600 $)

What you count is the 3rd wave, a composite one ...
(at least is what I think about ...)


P.S.
you only need to trace a segment that joins the two minima ...
(wave 1 and wave 3) and ... add to the maximum of wave 4

(maybe...)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #5,622
  • Nov 30, 2017 4:17pm Nov 30, 2017 4:17pm
Bitcoin 9950 just now.
Stops shaken and hit very well.

Break $10000 and next stop is 15000 probably next 2 weeks /say 15 December.


Beware of robber banks (RB), bad advisors.
  • #5,623
  • Nov 30, 2017 7:21pm Nov 30, 2017 7:21pm
Quoting sidhujag
{quote} 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.
FOMO ... haha . I selling at $11.000
  • #5,624
  • Nov 30, 2017 8:10pm Nov 30, 2017 8:10pm
Quoting halichthiep
{quote} FOMO ... haha . I selling at $11.000
The run up from 1865 to 11400 has the charts showing a retrace of 50% to 70%. Buyers beware.!!!
Enhanced trading with the "Power of 4"
  • #5,625
  • Edited 7:20am Dec 1, 2017 7:03am | Edited 7:20am
Bitcoin reminds me a bit of Tesla. In the early days of the crazy ramp up of TSLA, I shorted it because I thought the chart action could never justify USD100 a share. I saw head and shoulder patterns, double tops and "knew" it would crash. I bought put options 3 months in a row but it hit USD100 and kept going, I lost over USD30k before I realized that all I needed to do was buy call options, use the proceeds to buy stock, write call options and repeat. The current TSLA stock price is over USD300 per share and that loss is inconsequential now.

Bitcoin has not respected any traditional valuation or technical chart structures to date, it is after all the ultimate intangible asset. It is best to keep your trading short term and price action based. The price is being determined by people who don't want the oversight of governments or the rich customer experiences promised by Google, Amazon etc as they dissect your buying behaviour.

I have done well shorting it this week, but there is a price buoyancy now that suggests to me that we might see something unusual this weekend. The daily chart is enclosed with my potentially incorrect first short position in place, I might need to close it and donate something to the house.
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  • #5,626
  • Edited 7:41am Dec 1, 2017 7:22am | Edited 7:41am
BtcUsd (h4)

my view ...
Attached Image (click to enlarge)
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #5,627
  • Dec 1, 2017 7:52am Dec 1, 2017 7:52am
Quoting mag00
BtcUsd (h4) my view ... {image}
Your indicator seems to catch the up and down moves well, curious that it did not for this move.

The GDAX show the price moving with very strong momentum to the upside, USD10,665 already. Maybe a last flurry before a decent pullback, but who knows?
Attached Image (click to enlarge)
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  • #5,628
  • Edited 8:39am Dec 1, 2017 8:08am | Edited 8:39am
Quoting Vitallica
{quote} Your indicator seems to catch the up and down moves well, curious that it did not for this move. The GDAX show the price moving with very strong momentum to the upside, USD10,665 already. Maybe a last flurry before a decent pullback, but who knows? {image}
Hello Vitallica,

Btc (m15)


This TS allows to go in trend : enter@m5, TP@m15
(even some scalping)



P.S.
Rmi (see http://forexwinners.net/forex/relati...tum-index-rmi/)
Tma (see Schaff Trend Cycle, post 137)
Hill repaints ... unfortunately ... (see http://forexwinners.net/forex/hill-no-repaint-arrows-1/)
Here the template ...
Attached Image (click to enlarge)
Click to Enlarge Name: Btc (m15).png Size: 57 KB
Attached File(s)
File Type: tpl Is it worth it ...trend(h4)enter@(m5)TP(m15).tpl   142 KB | 469 downloads
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #5,629
  • Dec 1, 2017 8:45am Dec 1, 2017 8:45am
Quoting mag00
{quote} Hello Vitallica, Btc (m15) This TS allows to go in trend : enter@m5, TP@m15 (even some scalping) P.S. Rmi (see http://forexwinners.net/forex/relati...tum-index-rmi/) Tma (see Schaff Trend Cycle, post 137) Hill repaints ... unfortunately ... (see http://forexwinners.net/forex/hill-no-repaint-arrows-1/) Here the template ... {image} {file}
Thanks for the indicators and template, I will set it up tomorrow and take a look at how it works.
  • #5,630
  • Dec 1, 2017 9:26am Dec 1, 2017 9:26am
December 18 will be the day to watch

http://www.foxbusiness.com/markets/2...es-launch.html
  • #5,631
  • Dec 1, 2017 12:01pm Dec 1, 2017 12:01pm
Quoting halichthiep
{quote} FOMO ... haha . I selling at $11.000
Ok go ahead.. c u at $15k
  • #5,632
  • Dec 1, 2017 10:50pm Dec 1, 2017 10:50pm
Great article here..

https://www.cnbc.com/2017/12/01/jame...edictions.html
  • #5,633
  • Dec 2, 2017 11:14am Dec 2, 2017 11:14am
11000 again.!!

Other crypto green!!

Yes we are clear towards 15000.

I wonder where are gravitist (selling to zero) and Ronda (selling 4500 to 500).
Beware of robber banks (RB), bad advisors.
  • #5,634
  • Dec 2, 2017 11:19am Dec 2, 2017 11:19am
Quoting stylinex
Great article here.. https://www.cnbc.com/2017/12/01/jame...edictions.html
Really nice read. I mean solid and logical.
Not like crybabies whining.

One thing though - why he lists so few coins??? Surely there are 15 super coins to buy.

Why recommend Zcash??? Zcash is not true crypto - it's messed up possible rip-off.
No sane long-term investors will touch it.

GL.
Beware of robber banks (RB), bad advisors.
  • #5,635
  • Dec 2, 2017 4:54pm Dec 2, 2017 4:54pm
Quoting mag00
{quote} Hello Vitallica, Btc (m15) This TS allows to go in trend : enter@m5, TP@m15 (even some scalping) P.S. Rmi (se ... {image} {file}
Hi
You guys must have a lot of time to trade 5m chart

My chart is a simple one.

Or not THAT SIMPLE
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Beware of robber banks (RB), bad advisors.
  • #5,636
  • Dec 2, 2017 5:23pm Dec 2, 2017 5:23pm
Quoting Not-KPMG
{quote} Hi You guys must have a lot of time to trade 5m chart My chart is a simple one. Or not THAT SIMPLE {image}
I sold my engineering business last year, and I am trading full time now. I would spend hours doing calculations, process flow diagrams, specifications, then oversee installations, do commissioning and all the related admin - very time intensive; so I don't see spending the entire day trading as a burden, I love this gig.

Last week I was long XAUUSD, short USDJPY and short GBPJPY - most disappointing waste of time, they all literally spent the entire week bumbling around the average entry prices, so I closed the lot on Friday.

I was short BTCUSD and long BTCUSD last week, and made more on these trades than my entire year trading forex (Friday to Friday) - the volatility is fantastic.

I am amused by the people who hate Bitcoin and see it at zero and equally amused by the people who love it and see it at USD1 million. It is like knowing there is a north and south pole on a magnet, they like to argue about who is right, but I live like an iron filing above the magnet's surface - just zooming up and down between them having the most fun I have had in this trading journey.

Read the intro to Richard Bach's Illusions, The Adventures of a Reluctant Messiah, there is a little light hearted "parable" - let go and live in the current of the stream.
  • #5,637
  • Dec 3, 2017 5:37am Dec 3, 2017 5:37am
USD11,400!
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  • #5,638
  • Dec 3, 2017 5:56am Dec 3, 2017 5:56am
USD11,500 down before you can blink, you do wonder how many more up weeks we can have, this is 10 in a row.
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  • #5,639
  • Dec 3, 2017 6:04am Dec 3, 2017 6:04am
Ten minutes later everyone wants to pay USD11,600 - this is like a personal ATM! I hope you are all in on the action, this is fantastic!

Seriously though, if we don't get a pullback soon, this price rise might blow up. Banking my profit for now.
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  • #5,640
  • Dec 3, 2017 6:15am Dec 3, 2017 6:15am
Banked 75% of profits of btc at 9500eur on gdax. This is not sustainable in my view whatever it does i m happy and wait for pb.
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