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Bitcoin technical analysis

  • #5,941
  • Dec 21, 2017 10:11pm Dec 21, 2017 10:11pm
Quoting vaidas7777
Bitcoin according to elliot shouldgo now to 16k-17k, as wave B, and then to 10k
I will watch out for this, I have not really followed the Elliot wave methodology. I am out for today though.
  • #5,942
  • Dec 21, 2017 11:25pm Dec 21, 2017 11:25pm
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.
That was easy
  • #5,943
  • Dec 22, 2017 1:18am Dec 22, 2017 1:18am

Blood Blood Blood

Lite of Charlie Lee

On the street

Wheelchair?

or watch the pond

Ripples?

https://coinmarketcap.com/currencies/ripple/


No Highs? No Lows? Must be Bose!
  • #5,944
  • Dec 22, 2017 1:36am Dec 22, 2017 1:36am
RIP tulipmania
  • #5,945
  • Dec 22, 2017 1:57am Dec 22, 2017 1:57am
It must be something to have been a buyer on Sunday for USD19,800 and then to see the price differential across the exchanges right now - checkout the price on GDAX vs Bitfinex - retail premium is ridiculous!

Broker spreads are beyond ridiculous at the moment.
Attached Image
  • #5,946
  • Dec 22, 2017 1:58am Dec 22, 2017 1:58am
BTC entered dangerous waters here at 13.000, dropping -35% since the top.

If it consolidates here or rebounds up, there is no major concern (yet).

But if it breaks lower another 1.000-line or two - with January-depressive-market-mood around the corner - we might see some bigger things unfold.
  • #5,947
  • Dec 22, 2017 2:12am Dec 22, 2017 2:12am
Quoting Not-KPMG
{quote} Oh look this guy shorted around 3-4000!!!! {quote} I can't stop laughing. Bitcoin is 18600 now, having gained 3000 last 3-4 days, after futures started.
You can't stop laughing????? I can't stop laughing even harder

After futures started, bitcoin lost 6000 in last 3-4 days

Eat your words crybaby.

Who are the noobs that said you cannot make money shorting bitcoin and altcoins?????

You came here for the truth and let me unveil it for you
  • #5,948
  • Dec 22, 2017 2:18am Dec 22, 2017 2:18am
Quoting Spik
BTC entered dangerous waters here at 13.000, dropping -35% since the top. If it consolidates here or rebounds up, there is no major concern (yet). But if it breaks lower another 1.000-line or two - with January-depressive-market-mood around the corner - we might see some bigger things unfold.
I agree, even the Bitcoin perma-bulls on this thread seem to have been buyers at much lower prices, not sure how many participated in the price rise beyond USD7k.

Technically it still looks like pull-back rather than a breakdown on the daily and weekly charts.

The potential problem on the fundamental side is summed up in the article below from Bloomberg which proposes that "At the heart of the matter was a frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top.".
https://www.bloomberg.com/news/artic...30-from-record
  • #5,949
  • Dec 22, 2017 2:28am Dec 22, 2017 2:28am
Quoting Vitallica
{quote} I agree, even the Bitcoin perma-bulls on this thread seem to have been buyers at much lower prices, not sure how many participated in the price rise beyond USD7k. Technically it still looks like pull-back rather than a breakdown on the daily and weekly charts. The potential problem on the fundamental side is summed up in the article below from Bloomberg which proposes that "At the heart of the matter was a frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top.". https://www.bloomberg.com/news/artic...30-from-record...
The biggest lie about bitcoin is it's limited supply

Bitcoin has 2000+ other crytocurrencies and more every day. With better blockchain technology. The supply of cryptocurrencies is unlimited noobs

You came here for the truth and let me unveil it for you
  • #5,950
  • Dec 22, 2017 2:31am Dec 22, 2017 2:31am
There's an old saying, when a cab driver starts talking about the market, its time to get out. A couple of days ago , the driver of the taxi I was in mentioned he was going to invest in Bitcoin, a sure thing he said. If I was in it ,I would have sold out right then.
patience is bitter, but its fruit is sweet
  • #5,951
  • Dec 22, 2017 2:40am Dec 22, 2017 2:40am
Quoting RondaRousey
{quote} The biggest lie about bitcoin is it's limited supply Bitcoin has 2000+ other crytocurrencies and more every day. With better blockchain technology. The supply of cryptocurrencies is unlimited noobs
I quoted the article directly, not my words. The originators know there is no limit to the number of crypto-currencies, just a smart way to get their hands on the savings of the older generation in Japan and South Korea who make-up 80% of the crypto-currency retail investors. Charlie Lee baled on his own crypto-currency and the so-called Bitcoin Jesus, Roger Ver flogged 90% of his Bitcoins for USD435 million. As Mr Trump would say, they have very very nice reasons for this...

Irrespective of the price plunge, I can virtually guarantee this is not the end, the bargain hunters will be out in full force this weekend! Probably top USD17k like vaidas7777 predicts.

Checkout these cats... too easy as we say in Australia.
https://www.cnbc.com/2017/12/21/long...ock-soars.html
  • #5,952
  • Dec 22, 2017 2:53am Dec 22, 2017 2:53am
Bickering without logical thinking is just dumb. Believers or non-believers, present your goddamn evidence okay? This is degrading to a point of bitcointalk forum.


1 year ago
https://steemit.com/bitcoin/@hisname...le-own-bitcoin
Now
https://steemit.com/bitcoin/@scandin...-their-wallets


Bitcoin is not a bubble as the media and the G portrayed, it hasn't reached mainstream yet, far from it. However, it may not prevent it from being a very niche bubble created by only a fraction of investors with very specific demographics.

Question: What is a bubble? Does a bubble has to be a "everyone bubble" like dot com bubble, or a tiny fraction of investors is sufficient enough to create a "localized bubble"?
No Highs? No Lows? Must be Bose!
  • #5,953
  • Dec 22, 2017 3:02am Dec 22, 2017 3:02am
BTCUSD daily does not indicate that we have concluded the bull phase yet. May we trade BTCUSD for many years to come, still the most exciting trade there is.
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  • #5,954
  • Dec 22, 2017 3:29am Dec 22, 2017 3:29am
The first descent recovery ive seen so far, but i doubt we ve seen the bttm
  • #5,955
  • Dec 22, 2017 3:55am Dec 22, 2017 3:55am
Does any "MACHO" are going to leave at least one BTC position opened this weekend?
Hey buddy, let's grab some Pips!
  • #5,956
  • Dec 22, 2017 4:25am Dec 22, 2017 4:25am
Quoting WhiteMouseFX
Does any "MACHO" are going to leave at least one BTC position opened this weekend?
I will be, I went long at USD12,890 on all 3 trading accounts. I will stay with the trade on my AvaTrade account over the weekend. Unfortunately Think Markets close all crypto trades at 22:00 GMT on Friday, and Pepperstone don't trade over the weekend but allow positions to be left open. I find that trading Bitcoin without being in front of the screen is just gambling, so I don't leave for more than 5 minutes when a trade is live.
  • #5,957
  • Dec 22, 2017 4:28am Dec 22, 2017 4:28am
I am still holding short 5 bitcoin at pepperstone. Hope it crashes below 10k. Good luck to u all and happy holidays.
  • #5,958
  • Dec 22, 2017 4:36am Dec 22, 2017 4:36am
Quoting HockMan
I am still holding short 5 bitcoin at pepperstone. Hope it crashes below 10k. Good luck to u all and happy holidays.
Good luck mate. Your highest short is at 9k right?
  • #5,959
  • Dec 22, 2017 4:55am Dec 22, 2017 4:55am
looking @ H1 it feels just like a controlled decline not panic selling on huge vol so it might as well reverse during the weekend. done that a few times before.
  • #5,960
  • Dec 22, 2017 5:02am Dec 22, 2017 5:02am
Quoting asgcorp
looking @ H1 it feels just like a controlled decline not panic selling on huge vol so it might as well reverse during the weekend. done that a few times before.
Could well be, the velocity of the up move has fizzled, so I am out at USD13,450. Waiting to see if we retrace toward the daily EMA50 again.
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