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Bitcoin technical analysis

  • #6,001
  • Dec 23, 2017 4:47pm Dec 23, 2017 4:47pm
Quoting Vitallica
{quote} 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.
I must have missed the email, but AvaTrade have also stopped weekend crypto trading. I was pretty worried when I saw the charts stopped updating yesterday, but hope the rally that is in play stays. Long on BTCUSD but running without a stop loss.... Gambling by accident, bad for business.
  • #6,002
  • Dec 25, 2017 7:21pm Dec 25, 2017 7:21pm
So bitcoin rebounded to 15k level on Saturday before tumbling back to below 13k. Now barely hanging above 13k. Bad news roaming, analyst proud of their 'prophecy' fulfilled. What's to come?
Live to fight another day
  • #6,003
  • Dec 25, 2017 7:38pm Dec 25, 2017 7:38pm
why everyone saying bitcoin being sold today, meanwhile it is still close to 14000. Friday nite was 10800. I personally hope usd rockets against others. Happy Holidays.
  • #6,004
  • Dec 25, 2017 8:24pm Dec 25, 2017 8:24pm
The news is full of doom and gloom on Bitcoin at the moment, but the Friday price action looks like it met the criteria for a pull-back, the technical indicators are all bullish for Bitcoin across the H1, H4, D1 and W1 time frames. On the M30 time frame we have also just crossed the EMA50 to the upside, so the much anticipated demise of Bitcoin may be a bit premature.

I have also agree with the Elliot wave predictions by a few people on this forum, USD16k target looks achievable, not committed to a time frame though.

In the early days of TSLA everyone also saw a bubble, it turned out to have been a sustained bull run that has left many trader's accounts crushed. Just go with the flow, be a reed in the wind not an oak tree.
  • #6,005
  • Dec 25, 2017 10:50pm Dec 25, 2017 10:50pm
https://www.cnbc.com/2017/12/22/fund...-pullback.html
  • #6,006
  • Dec 25, 2017 11:30pm Dec 25, 2017 11:30pm
BTCUSD approaching USD16k on Coinbase GDAX already. Does anyone know how to trade the arbitrage gap between the GDAX and Bitfinex (besides the obvious buying on Bitfinex and selling on GDAX)? That is quite a premium per coin.
Attached Image
  • #6,007
  • Dec 26, 2017 1:47am Dec 26, 2017 1:47am
On MT4, the price is still hanging at low 15k.


Quoting Vitallica
BTCUSD approaching USD16k on Coinbase GDAX already. Does anyone know how to trade the arbitrage gap between the GDAX and Bitfinex (besides the obvious buying on Bitfinex and selling on GDAX)? That is quite a premium per coin. {image}
Live to fight another day
  • #6,008
  • Dec 26, 2017 2:25am Dec 26, 2017 2:25am
I'm not sure which exchange investing.com pegs its pricing to, but from what I see, BTC/USD is now sitting above 15k comfortably, so it should be bullish consolidation with little likelihood of dropping back below. Having said that, the 15,400 temp overhead resistance seems to be holding as well, so...

ETH/USD is also seemingly struggling to stay above its previous resistance mark of 737.

That said, I'm not vested so...as usual, DYODD.
  • #6,009
  • Dec 26, 2017 12:15pm Dec 26, 2017 12:15pm
In spare time I looked at bitcoin through figures - head and shoulders and smth like that. For me, Maximum should be 26000
  • #6,010
  • Dec 26, 2017 12:19pm Dec 26, 2017 12:19pm
Nice gap after Christmas. Lets see if the price is going to fill it.
  • #6,011
  • Dec 27, 2017 11:38am Dec 27, 2017 11:38am
Quoting karasinga
Could this be the beginning of a bear market? time will tell{image} Elliott wave gurus to help here
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd dec27th.png Size: 51 KB
IMHO any price >15192 might be value for possible short. Still waiting for an Elliott wave guru(s) to give his/her alternative wave count. I am told BTCUSD is obeying Elliott wave religiously.Best wishes
It is not over until I win
  • #6,012
  • Dec 27, 2017 11:50am Dec 27, 2017 11:50am
Quoting mag00
{quote} Btc (h4) OK: anything can happen. (@everybody ... BE careful of ...)(BE = break even ) anyway ... a view of mine ... P.S. But ... ... what I know is that if in a bull market the 12345 sequence is in the north ... ... (in a bear market the 12345 sequence is in the south) {image}
Btc (h1)

my view ...

inside the 3rd part of ... 5 (3co) wave whose TP is @ 21.7k

the 3rd part started @ 14.3k will be composed and ...
will end @ 17.4K
(where will start the 4th part which will be corrective)

P.S.
(maybe...) ... (be=break even ...)
Attached Image (click to enlarge)
Click to Enlarge Name: Btc (h1).png Size: 64 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,013
  • Edited 5:30pm Dec 27, 2017 2:19pm | Edited 5:30pm
BTC could likely retest the 13500 area quite soon
  • #6,014
  • Dec 27, 2017 8:34pm Dec 27, 2017 8:34pm
Still managed to stay above 15k mark level. Today's price action will be important going into next year I believe. Is it gonna go down to test 14.4k then 13.7k?
Live to fight another day
  • #6,015
  • Dec 27, 2017 11:36pm Dec 27, 2017 11:36pm
Nice call James0205. Almost there on GDAX; done and dusted on Bitfinex.
Attached Image
  • #6,016
  • Dec 27, 2017 11:53pm Dec 27, 2017 11:53pm
where now from 13.7K?
  • #6,017
  • Edited 2:45am Dec 28, 2017 12:12am | Edited 2:45am
Quoting honesttrader
where now from 13.7K?
I am still short, but no specific target - the USD11.6k zone looks promising as it provide some consolidation resistance around 4 December, and a support bounce on 22 December. I will just stay with the trade until the momentum runs out. If it is as deep as USD11.6k great.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCPredict.PNG Size: 90 KB
  • #6,018
  • Edited 1:08am Dec 28, 2017 12:27am | Edited 1:08am
Quoting honesttrader
where now from 13.7K?
the next 4 hour is very important. If the current demand zone is violated, around 8k may easily print. if the zone holds and 14563 is breached, be informed bullish trend has resumed which could be part of the correction. Otherwise the current trend is still bearish
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd 28thdec.png Size: 58 KB
It is not over until I win
  • #6,019
  • Dec 28, 2017 1:02am Dec 28, 2017 1:02am
Quoting mag00
{quote} Btc (h1) my view ... inside the 3rd part of ... 5 (3co) wave whose TP is @ 21.7k the 3rd part started @ 14.3k will be composed and ... will end @ 17.4K (where will start the 4th part which will be corrective) P.S. (maybe...) ... (be=break even ...) {image}
Btc (h1)

my view ... I observe an excess of oversold

still inside the 3rd part of ... 5 (3co) wave, whose TP is @ 21.7k

the 3rd part (still missing the ... pin bar) will start @ 13.5k and ...
it will be composed, ending @ 16.4K (ma200)
(where will start the 4th part corrective, a double wave 2 :in price and time extension)

P.S.
(mayb.e. ...)
Attached Image (click to enlarge)
Click to Enlarge Name: Btc (h1).png Size: 64 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,020
  • Dec 28, 2017 5:55am Dec 28, 2017 5:55am
From here should be a free fall to 12.1k then up up from there. Waiting for moving average to confirm
Live to fight another day
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