Bitcoin technical analysis | Page 297 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #5,921
  • Dec 19, 2017 9:29pm Dec 19, 2017 9:29pm
Quoting Vitallica
{quote} Re your update: I know the software for each is different, but the crypto-coin is not worth hacking if you cannot access the blockchain and make it usable.
To be more precise you cannot hack cryptocoin unless you have few thousand years.
  • #5,922
  • Dec 19, 2017 9:37pm Dec 19, 2017 9:37pm
IMVHO, today's drop was related to this news: https://www.forexfactory.com/news.php?do=news&id=724366

I got an nice holiday gift from Coinbase/GDAX inform of BCH
  • #5,923
  • Dec 19, 2017 11:11pm Dec 19, 2017 11:11pm
Quoting yg10
{quote} To be more precise you cannot hack cryptocoin unless you have few thousand years.
Apologies for giving the impression that the Bitcoin itself is hacked, the Bitcoin is stolen by accessing the hot wallet on the exchange and
using the "transaction malleability" of the live server, but in order to use it, if you do not use a service like BTC-e to launder two dirty coins for one clean coin, you need to access the transaction ledger and assign the Bitcoin to your own wallet. The bottom line is that it is stolen from the owner and used by the hacker, so the security strength of the device is failed by the security weakness in the system.

In terms of the potential for Bitcoin itself to be hacked, while conventional computers don’t possess the necessary computational power to derive a private key from a public key, quantum computers could do it easily. I have enclosed a paper by Divesh Aggarwal et al, see the results on Page 10 about the elliptic curve signature scheme used by Bitcoin: "According to this estimate, the signature scheme can be broken in less than 10 minutes as early as 2027."

The quantum computer age is upon us and who knows if it will take as long as projected.
http://www.theaustralian.com.au/busi...7273bd3dc21cf9

But to be honest how this happens is not the concern of the trader, like a sailor on the sea, you do not need to know how the tides or winds originate, just how to utilize them to achieve your goal.
Attached File(s)
File Type: pdf Quantum attacks on Bitcoin.pdf   2.6 MB | 749 downloads
  • #5,924
  • Dec 20, 2017 12:56am Dec 20, 2017 12:56am
Quoting Vitallica
{quote} Apologies for giving the impression that the Bitcoin itself is hacked, the Bitcoin is stolen by accessing the hot wallet on the exchange and using the "transaction malleability" of the live server, but in order to use it, if you do not use a service like BTC-e to launder two dirty coins for one clean coin, you need to access the transaction ledger and assign the Bitcoin to your own wallet. The bottom line is that it is stolen from the owner and used by the hacker, so the security strength of the device is failed by the security weakness...
Thank you, I know this article.
Actually if ECDSA and Diffy/Hellman will be broken then all computer/network security will be nonexistent. But people are already working on "postquantum cryptography".
  • #5,925
  • Dec 20, 2017 1:07am Dec 20, 2017 1:07am
So Bitcoin Cash is the real Bitcoin....I'm confused now...
Look Sharp/Trade Tight
  • #5,926
  • Dec 20, 2017 1:28am Dec 20, 2017 1:28am
Quoting PayTheLimit
So Bitcoin Cash is the real Bitcoin....I'm confused now...
lol. I see you've been keeping up to date. )))
  • #5,927
  • Dec 20, 2017 2:12am Dec 20, 2017 2:12am
Quoting asgcorp
{quote} lol. I see you've been keeping up to date. )))

trying too....

they have made it nice and confusing...
Look Sharp/Trade Tight
  • #5,928
  • Dec 20, 2017 2:17am Dec 20, 2017 2:17am
Quoting PayTheLimit
{quote} trying too.... they have made it nice and confusing...
made good money in etcusd this week, don't see much in btc or btc cash tech-wise. Rather take a pass, than dance with the sheep.
  • #5,929
  • Dec 20, 2017 6:28am Dec 20, 2017 6:28am
Do you guys see BTC just got off yesterday from the Nov 27 rising channel?
Hey buddy, let's grab some Pips!
  • #5,930
  • Dec 20, 2017 6:55am Dec 20, 2017 6:55am
Quoting WhiteMouseFX
Do you guys see BTC just got off yesterday from the Nov 27 rising channel?
Yes, nice rising channel - virtually textbook on the H1. The moves on BTCUSD are still very crisp, not like the bouncing around we have on the rest of the forex complex on the expiry of the NY cut like today...
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD H1Buy.PNG Size: 89 KB
  • #5,931
  • Edited 8:29am Dec 20, 2017 8:19am | Edited 8:29am
Not sure if this could be considered a fundamental shift, but I would be selling my LTC if I had any.... A bit of spillover in BTC and ETH too.
https://www.bloomberg.com/news/artic...-all-his-coins
  • #5,932
  • Dec 20, 2017 10:29am Dec 20, 2017 10:29am
Quoting Vitallica
Not sure if this could be considered a fundamental shift, but I would be selling my LTC if I had any.... A bit of spillover in BTC and ETH too. https://www.bloomberg.com/news/artic...-all-his-coins
Under his name but perhaps not under someone else’s name..
  • #5,933
  • Dec 21, 2017 7:02pm Dec 21, 2017 7:02pm
It has been a bit quiet around here. BTCUSD below 50EMA, short triggers on QQE, running short position from USD15,550 - no target just seeing how deep the rabbit hole runs. The whole crypto-complex is looking a bit bearish this fine Friday, so I have triggered shorts on LTCUSD (USD290), ETHUSD (USD760) and DASHUSD (USD1,300) simultaneously. Same MO. In to the max, "Indecent" - in deep and in tight.
  • #5,934
  • Dec 21, 2017 8:23pm Dec 21, 2017 8:23pm
Is 12,000 next stop? Looking at the daily chart 12,810 is where i see bulls, thats if they are not slaughtered.
  • #5,935
  • Dec 21, 2017 8:48pm Dec 21, 2017 8:48pm
Quoting ohimae
Is 12,000 next stop? Looking at the daily chart 12,810 is where i see bulls, thats if they are not slaughtered.
I have given up trying to predict the targets for BTCUSD, I just monitor the trade full time while it is live. So far so good with BTCUSD now at USD14,360.

I have 30 lots committed over 3 brokers so I have a lot riding on this one. The velocity of all the crypto-currency moves are all still high (first derivative of the normalised price) and the acceleration (2nd derivative of the normalised price) is still fine, so I am staying short for now.

Not sure why there is such good correlation with the antipodes, but making nice profits this week shorting GBPAUD and GBPNZD too.
  • #5,936
  • Dec 21, 2017 9:19pm Dec 21, 2017 9:19pm
BTCUSD just slipped below USD13,550 - USD2,000 profit per coin! By contrast I am still waiting to buy or sell XAUUSD if it could decide on a direction, currently it is trading at USD1,266 in USD2 trading range (consider that the London price fix yesterday was USD1,265....). Hopefully the likes of Goldman entering the crypto market does not kill the fun. By the way ETHUSD is already down 20% today!
  • #5,937
  • Dec 21, 2017 9:28pm Dec 21, 2017 9:28pm
Acceleration snap on BTCUSD, shorts closed at USD13,580; nice profit all things considered. Looking for new entry. Other crypto shorts still in play for now.
  • #5,938
  • Dec 21, 2017 9:48pm Dec 21, 2017 9:48pm
Bitcoin according to elliot shouldgo now to 16k-17k, as wave B, and then to 10k
  • #5,939
  • Edited 10:10pm Dec 21, 2017 9:49pm | Edited 10:10pm
Short BTCUSD from USD13,200 again, DASHUSD is a gift today - over USD300 profit per coin - only 15 lots, but not bad for a lazy Friday!
  • #5,940
  • Edited 10:43pm Dec 21, 2017 10:08pm | Edited 10:43pm
Closed the BTCUSD short positions at USD13,940, a bit a donation back to the market. All crypto positions closed now, great trading day!

Time for an afternoon off in sunny Brisbane, have fun people!
12 traders viewing now