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Bitcoin technical analysis

  • #5,741
  • Dec 7, 2017 3:19pm Dec 7, 2017 3:19pm
its all happening in BTC - landia!

Coinbase down all day - just got in - they said it was due to too much traffic.......

they are now saying I cant sell any of my LTC or ETH but I can sell my BTC whereas last night I was able to buy and sell any of the three

Asking for more fiat money to buy BTC. Why would they do this? Can we posit that

a/ they arent liquid
b/ they see that BTC will continue to rise
c/ they see that LTC and ETH are going sideways

what da youse think?
  • #5,742
  • Dec 7, 2017 6:24pm Dec 7, 2017 6:24pm
IG isn't letting me place anymore long positions on btc and the spread is at 10000 points. Anybody recommend a better broker for btc?
  • #5,743
  • Dec 7, 2017 6:30pm Dec 7, 2017 6:30pm
Everyone profit from bitcoin. I am doomed short bitcoin.
  • #5,744
  • Dec 7, 2017 8:29pm Dec 7, 2017 8:29pm
I agree 150% RR, unfortunately every mom and pap all into bitcoin. I have been shorting since last week. Short again last night at 14.600 and now all f up. Well only can hope it burst. The spread is killing and for sure all brokers are making a killing.
  • #5,745
  • Edited 9:14pm Dec 7, 2017 8:56pm | Edited 9:14pm
Quoting EntityFX
IG isn't letting me place anymore long positions on btc and the spread is at 10000 points. Anybody recommend a better broker for btc?
They are all the same, Think Markets is offering a 9,000 spread at the moment, with price at USD16,665 vs GDAX at USD17,360. Also all brokers I have looked at limit the number of lots to 10 (100 Bitcoin).
  • #5,746
  • Dec 7, 2017 9:49pm Dec 7, 2017 9:49pm
with bitcoin prices broker to broker having wider variations than forex bucketshops vs ECN in the darkest of times...

with bitcoin with yet very little practical value on most corners of the world, and with readily available approx 900 alternatives ( just how many foreign currency is around?? vs. how many so called crypto?)

and with hectic moves of up 30% a day or even more, AND ppl telling it isnt a bubble ( right, non were internet stocks in 99-00)...

come on, how much GBP value had changed on Brexit?
how much CHF value had changed on the de-peg that was the biggest recent Black Swan?

now look BTC, and tell that is just normal market of normal supply and demand?

It does have all that a PONZI have.
I am not a buyer nor a seller in this mania.

for what it worth, in the rural segment of Thailand i live, in the village there is exactly 0 place that accept credit card.
in the nearest town, there is 5! ( 2 is bank, + 2 store, + gas station).
now, how likely that suddenly, in the next 10 yrs it will go crypto? you tell me!
there is always, always another trade!!
  • #5,747
  • Dec 7, 2017 11:06pm Dec 7, 2017 11:06pm
Quoting profitfarmer
with bitcoin prices broker to broker having wider variations than forex bucketshops vs ECN in the darkest of times... with bitcoin with yet very little practical value on most corners of the world, and with readily available approx 900 alternatives ( just how many foreign currency is around?? vs. how many so called crypto?) and with hectic moves of up 30% a day or even more, AND ppl telling it isnt a bubble ( right, non were internet stocks in 99-00)... come on, how much GBP value had changed on Brexit? how much CHF value had changed on the de-peg...
If you follow the thread you will see many hold the same view, but as an instrument to trade BTC and ETH have generally had close price correlation between the brokers and the various exchanges, so the elevated volatility made them good to trade. I think most traders are staying out of BTC right now. The price mismatching and wide spreads make the decision easy, there is always another day to trade.
  • #5,748
  • Dec 7, 2017 11:43pm Dec 7, 2017 11:43pm
Some of these things that happen yesterday are to be expected. This is a thin market really, with incredible volatility. I think implied vol is running near 100%. Plus all these different exchanges are not linked, so no one is keeping prices in line, that will change going forward I suspect also.
Look Sharp/Trade Tight
  • #5,749
  • Dec 7, 2017 11:46pm Dec 7, 2017 11:46pm
Squared my bitcoin. Left with 5 short at 9000. Hope it crash
  • #5,750
  • Dec 8, 2017 2:03am Dec 8, 2017 2:03am
Quoting PayTheLimit
Some of these things that happen yesterday are to be expected. This is a thin market really, with incredible volatility. I think implied vol is running near 100%. Plus all these different exchanges are not linked, so no one is keeping prices in line, that will change going forward I suspect also.
if prices would not be faked, some ppl long time would arbitrage the hell out of BTC....
like yesterday some show screens of BTC over 15k, and on my broker it was day high that time still 14.8k....
an easy locked in profit if those prices are real.
but since they can be approx 2% off, or who knows actually how much any given time, and may or may not ever diverge back to the same quoted price, i guess there is just no real arbitrage opportunity there, since no ppl seem to take on that task...
and that again lead me back to believe that the BTC market is sort of fake!

for the volume part, if the volume they claim is there, it isnt thin...lots of exotic currencies doesnt bounce like that nad have a low(er) volume.
there is always, always another trade!!
  • #5,751
  • Dec 8, 2017 2:24am Dec 8, 2017 2:24am
Quoting profitfarmer
{quote} if prices would not be faked, some ppl long time would arbitrage the hell out of BTC.... like yesterday some show screens of BTC over 15k, and on my broker it was day high that time still 14.8k.... an easy locked in profit if those prices are real. but since they can be approx 2% off, or who knows actually how much any given time, and may or may not ever diverge back to the same quoted price, i guess there is just no real arbitrage opportunity there, since no ppl seem to take on that task... and that again lead me back to believe that the...
Its part of a process. I remember when the Merc started the Emini and MiniNQ, prices where always out of line, and its was as thin as hell. But guys started arbing it between the pit and the machine, keeping it in line, adding liquidity. Same with stock options, when they had multiple listings. The Pacific Exchange, the CBOE, Philadelphia, the AMEX, prices varied lots of times.

And speaking of options, I knew guys that where at the CBOE at the start. They only had calls in the beginning. Get this, when they listed puts, no one wanted to trade them at first, pretty funny. But once guys started to see the possibilities, volume rose.

Not saying that this is the same, but its a process usually....
Look Sharp/Trade Tight
  • #5,752
  • Dec 8, 2017 3:19am Dec 8, 2017 3:19am
Quote
Dear Traders,
We would like to inform you that due to the further heightened volatility and extremely wide spreads in the Bitcoin market, we kindly recommend you close all your open positions in Bitcoin CFDs by 08.00 London time on Friday 8th December 2017. Otherwise, all BTC/USD and BTC/EUR positions will be cancelled as from 08.00 London time on Friday 8th December 2017.
We regret having to take this action, but our liquidity providers are no longer prepared to offer Bitcoin products, which is an event outside our control in accordance...

Credit crunch.
  • #5,753
  • Dec 8, 2017 3:21am Dec 8, 2017 3:21am
what is this mean?
  • #5,754
  • Dec 8, 2017 3:25am Dec 8, 2017 3:25am
Hi guys, could you please advise where to trade IOTA? any forex broker with leverage or crypto exchange. Thanks.
  • #5,755
  • Dec 8, 2017 3:36am Dec 8, 2017 3:36am
Quoting bergax
Hi guys, could you please advise where to trade IOTA? any forex broker with leverage or crypto exchange. Thanks.
Binance is the best! Forget about bitfinex! Haven't seen any CFD for IOTA so far
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #5,756
  • Dec 8, 2017 4:21am Dec 8, 2017 4:21am
Quoting Vitallica
What was I thinking? Checkout the spread on Bitcoin! {image}
Hi Vitallica, I can see that you have IOTA USD pair on your MT4, would you mind to share the broker name please?
  • #5,757
  • Dec 8, 2017 4:38am Dec 8, 2017 4:38am
Quoting bergax
{quote} Hi Vitallica, I can see that you have IOTA USD pair on your MT4, would you mind to share the broker name please?
I am using Think Markets, I signed up on the Australian server, but they seem to be global from the language options (http://www.thinkmarkets.com).
  • #5,758
  • Dec 8, 2017 4:43am Dec 8, 2017 4:43am
Quoting RondaRousey
{quote} Sorry to hear that bro. Something illegal... how the f*ck did bitcoin jump 5000 pts in 12 hours? It's a ponzi scheme!!!!!!!!!!!!!!! it will crash 50% or more {quote} No way will I pay $1000 spread for the smallest unit to trade bitcoin
Hi lovely pessimist
I hope....that... you're lovely....

We had a deal, where if $15000 bitcoin, we go on a date
In truth it was for May'18....but let's settle for Valentine's

You buy the presents, champagne, caviar....
I bring a quarter bitcoin.... what a cheap guy!!!!

Patience pays off
Beware of robber banks (RB), bad advisors.
  • #5,759
  • Dec 8, 2017 2:27pm Dec 8, 2017 2:27pm
Price action of Bitcoin looks a little tired right now.

After today's spike to 18.300 we likely might see some retraction.
  • #5,760
  • Dec 8, 2017 2:36pm Dec 8, 2017 2:36pm
Quoting HockMan
Everyone profit from bitcoin. I am doomed short bitcoin.
I know you are, your a noob trader and I told you not to do it. Im sure you averaged down and sold more (livermore said never to do this, you probably dont even know who that is)... grab your bag and buy some alt coins like Syscoin and you might be able to make some back.
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