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Bitcoin technical analysis

  • #6,281
  • Jan 22, 2018 11:55pm Jan 22, 2018 11:55pm
Quoting mihrutkanik
{image}{image}
I'm sorry but how did you get this target? I have reason to believe that Bitcoin will never go below 4k ever again, the reason for this is cultists. There are people out there that simply do not care about TA and will never sell their Bitcoin, but instead, buy any dip they deem reasonable
  • #6,282
  • Jan 23, 2018 12:52am Jan 23, 2018 12:52am
Will never sell? do not know about their intentions, but it doesn't mean that it is not possible. Also, big money do need to rush (i mean these who sold around 18000-20000), we can see bitcoin in a range for a next couple years, until it will move upward again (maybe but not 100%). And yes in my analysis i relay on TA. In addition let me give you one example , have a look on CITI group share price, i reckon it will never recover. Bitcoin quite similar not exactly but pretty much to stock share, yes stock shares may have additional listing, bitcoin looks like not. In some cases its even worst than shares, you dont buy anything, just an air. Im not going to discourage anyone, just my IMHO.
  • #6,283
  • Jan 23, 2018 4:47am Jan 23, 2018 4:47am
Quoting RondaRousey
{quote} What garbage from a noob!! Bitcoin falling from 20k to below 10k is not a bear market????? Blockchain will not be replaced in the future???? You have no idea Where did you learn your noob education? {quote} Noobs like you follow other noobs and pay for it later https://www.youtube.com/watch?v=S4AmLcBLZWY Anyone been shorting cryptos since the start of the year??????????????????
Hmm, sounds like a very salty comment from somebody who has missed out on what has and continues to be the biggest financial opportunity of our lifetimes.
I'll leave you to get get your shorts in place and I'll keep my longs. I'll come back in a month or 2 and we'll see who's doing better.
  • #6,284
  • Edited 2:19pm Jan 23, 2018 11:05am | Edited 2:19pm
Quoting mag00
{quote} Btc (D) the news is that ... inside the primary wave ... it could be the fifth one (@9189)(TP 21.4k) if the ... ... climb will be over 47% (to be confirmed) it is advisable to wait for the trendline break P.S. (see also post 104, Is Bitcoin about to crash?) {image}
Btc (D)

two anomalies:

i) the alpha of the dynamic support of "presumed" fifth wave (1st of bull market) is ...
... lower than that of the third one

ii) Rmi breaks through the 40% level
(which is support for a bull market)

technically ...

the slope (alpha) of the three UPwaves (1st=17%,3rd=47%,5th=42%) should ...
... increase progressively
(the higher volatility would occur in the fifth part of wave)

while in the RMI indicator the 40% level always ...
... supports the uptrend
(60% is the resistance of the downtrend)


P.S.
it is always a ...
... point of view of mine

(the bearish break of January 16 is evident ...
(if I'm not wrong ...)
of the ema34 & ma50)
Attached Image (click to enlarge)
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,285
  • Jan 23, 2018 2:10pm Jan 23, 2018 2:10pm
Quoting Patrich
Why are people still talking about bears on btc when its already bottomed most likely ...the bull side has it now,looking at $15k first. Possible retrace at 11,500 back to 10,500 and then to 15,000...the trend might have turned and don't get caught on the wrong side. 22k is next on this bull run maybe . Just my 2cents.
So,it did the 11,500 very quick...let's see and hope you weren't caught unaware. Possible retrace to 10,500 now or a straight 15k maybe. Let's see.
Nothing stands in the way of a person's will -THE MYSTICS
  • #6,286
  • Jan 24, 2018 12:39am Jan 24, 2018 12:39am
The biggest Bitcoin corrections since 2011.

Sixer
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  • #6,287
  • Jan 24, 2018 5:42am Jan 24, 2018 5:42am
Good chart. Although depending on the exchange, some of us saw BTC go from 20,000 down to 9,000 or an approx. 55% correction.
  • #6,288
  • Jan 25, 2018 7:11am Jan 25, 2018 7:11am
What is it going to be.. breakout to the upside ? or to the downside ??
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  • #6,289
  • Jan 25, 2018 7:26am Jan 25, 2018 7:26am
Quoting mag00
{quote} Btc (D) the news is that ... inside the primary wave ... it could be the fifth one (@9189)(TP 21.4k) if the ... ... climb will be over 47% (to be confirmed) it is advisable to wait for the trendline break P.S. (see also post 104, Is Bitcoin about to crash?) {image}
we could find ourselves in the 3rd composed wave (TP @ 24k) of ...
... bull market but ...
... the dynamic support of the 1st wave (alpha 17%) must resist

P.S.
(the Maginot line is @ 5.74k)

Elliott's theory describes ... logical predictive attempts (entry @, sl, TP)
(not certainties)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,290
  • Jan 25, 2018 7:40am Jan 25, 2018 7:40am
Quoting mag00
{quote} Btc (D) two anomalies: i) the alpha of the dynamic support of "presumed" fifth wave (1st of bull market) is ... ... lower than that of the third one ii) Rmi breaks through the 40% level (which is support for a bull market) technically ... the slope (alpha) of the three UPwaves (1st=17%,3rd=47%,5th=42%) should ... ... increase progressively (the higher volatility would occur in the fifth part of wave) while in the RMI indicator the 40% level always ... ... supports the uptrend (60% is the resistance of the downtrend) P.S. it is always a ......
Super nice analysis!
Like to add that the 20th Jan. - 23rd Jan. swing can be counted impulsively. That speaks for retesting your green dotted uptrend support, which started in autumn 2017!
  • #6,291
  • Jan 25, 2018 7:59am Jan 25, 2018 7:59am
Quoting dannimay
{quote} Super nice analysis! Like to add that the 20th Jan. - 23rd Jan. swing can be counted impulsively. That speaks for retesting your green dotted uptrend support, which started in autumn 2017!
I simply consider a point of view (mine) ...


P.S.
... among those who observe the graphical reality
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #6,292
  • Edited 11:55am Jan 26, 2018 11:20am | Edited 11:55am
IMHO, this potential bullish gartely may ultimately play out and will then be highly confluenced with a bullish butterfly and bullish AB=CD. This will possible only if 11641 is not violated
Attached Image (click to enlarge)
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best wishes
It is not over until I win
  • #6,293
  • Jan 28, 2018 10:41am Jan 28, 2018 10:41am
Quoting karasinga
IMHO, this potential bullish gartely may ultimately play out and will then be highly confluenced with a bullish butterfly and bullish AB=CD. This will possible only if 11641 is not violated {image} best wishes
Thanks for the chart- we seemed to touch 11641 earlier, but no strong close above yet.
Overall sentiment seems to be becoming more positive now, the demand is still high out there- So many exchanges still closed to new registrations due to crazy high demand and another good example is the RobinHood Trading app, which announced it would add crypto currencies, only to have 800 THOUSAND people register for early access in 1.5days! It is clear to me that the world wants digital money, so long term I am still a super bull!
  • #6,294
  • Jan 29, 2018 5:10am Jan 29, 2018 5:10am
Bitcoin chart since the low on 1/26.

Sixer
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  • #6,295
  • Jan 30, 2018 3:51pm Jan 30, 2018 3:51pm
Quoting copyrat
{quote} Thanks for the chart- we seemed to touch 11641 earlier, but no strong close above yet. Overall sentiment seems to be becoming more positive now, the demand is still high out there- So many exchanges still closed to new registrations due to crazy high demand and another good example is the RobinHood Trading app, which announced it would add crypto currencies, only to have 800 THOUSAND people register for early access in 1.5days! It is clear to me that the world wants digital money, so long term I am still a super bull!
YES keep buying bitcoin on the way down noob.

Sell your house, car etc to buy bitcoin

You came here for the truth and let me unveil it for you
  • #6,296
  • Jan 30, 2018 8:51pm Jan 30, 2018 8:51pm
before
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last day of january 2018
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best wishes
It is not over until I win
  • #6,297
  • Jan 31, 2018 3:23am Jan 31, 2018 3:23am
Daily : Bearish

strong support 9880 - stop lost 11280 - target 8230



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KISS&V :Keep it simple safe & visual
  • #6,298
  • Jan 31, 2018 11:19pm Jan 31, 2018 11:19pm
bitcoin under pressure, expecting at least one more low.
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  • #6,299
  • Jan 31, 2018 11:27pm Jan 31, 2018 11:27pm
Quoting nimtrader
I wouldn't be surprised to see BTC cover the gap @ 8300 and the other ALTs come back as well
still have a pending for this
now others are showing charts that show similar
I will get my head around this, but always can be wrong
  • #6,300
  • Feb 1, 2018 1:04am Feb 1, 2018 1:04am
Quoting mihrutkanik
bitcoin under pressure, expecting at least one more low. {image}
technically, I concur with you unless 10511 is breached, bear reigns
Attached Image (click to enlarge)
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It is not over until I win
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