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Bitcoin technical analysis

  • #6,381
  • Feb 14, 2018 2:47am Feb 14, 2018 2:47am
bit coin probably going to 11000.. and from there its future will reset...80% probability bearish move from there..
Follow the price..Price will follow you.
  • #6,382
  • Feb 14, 2018 7:27am Feb 14, 2018 7:27am
Quoting RondaRousey
So the noobs on this thread including OP want to get rich quick by buying bitcoin. Forget about working hard Forget about creating a great business Forget about doing things better, smarter Just buy bitcoin and get rich https://www.youtube.com/watch?v=dxR6MCEzSo0 Blockchain technology is free. Bitcoin does not own blockchain. This is the fundamental analysis that most noobs miss. I do not subscribe to this thread. Nor do I endorse it.
Unfortunately as retail traders most of us lack the data feeds necessary to connect fundamentals with price action over short time frames.

We obsess instead about identifying inflections and pursuing trends.

In this case we have a price move from USD8,700 at the time of your post to USD9,200. Fundamentally difficult to analyse, debatable to correctly interpret, but the reality is that the move is significant and beneficial if you remain flexible and unbiased.
  • #6,383
  • Feb 14, 2018 3:59pm Feb 14, 2018 3:59pm
Yesterday I talked with proffesional, managing 4 mln dollars on crypto. He entered long on BTC at 12000 on bitrex with 1 million. He said only then btc crashed, he now could take all volume as he wants. Earlier it was impossible with even 500 000 dollars to pick quitly position. A lot of big money entered below 8000, it was like knife turning in wound for retail. Now, he sees 300 - 500 percent rise until June, then again will be crash. You should for homework to study W charts and characteristics of bitcoin price movements. ETH maybe could rise to 3000. btc 80 000
Also he said in summer about 1400 altcoins will go bust, as always on mania.

A lot of his investors, threw coins at lowest points and ran off. He says its ok, you have to have balls. He showed also the same situation on spx500 crash. A lot of similarities. He sees another great opportunity in stock market crash.
  • #6,384
  • Feb 14, 2018 6:40pm Feb 14, 2018 6:40pm
Million dollar question now - was the recent low at <6k the lowest before price starts to rocket? Or will we see another low before the actual bull takes charge?
Live to fight another day
  • #6,385
  • Feb 14, 2018 6:53pm Feb 14, 2018 6:53pm
Quoting Vitallica
{quote} Unfortunately as retail traders most of us lack the data feeds necessary to connect fundamentals with price action over short time frames. We obsess instead about identifying inflections and pursuing trends. In this case we have a price move from USD8,700 at the time of your post to USD9,200. Fundamentally difficult to analyse, debatable to correctly interpret, but the reality is that the move is significant and beneficial if you remain flexible and unbiased.
The situation with data feeds differs a lot from stocks/futures/fx. There are 100+ exchanges, 1500+ currencies. Data consolidation services like Coinmarketcap, Cryptocomcare, ... suffer delays. Crypto trading world need a lot of infrastructure development.
BTW I am developing mathematical models for cryptoindicies.
  • #6,386
  • Feb 14, 2018 6:56pm Feb 14, 2018 6:56pm
Quoting James0205
Million dollar question now - was the recent low at <6k the lowest before price starts to rocket? Or will we see another low before the actual bull takes charge?
There is a strong resistance zone at ~$10,000 area. Pullback from there is very probable IMHO.
  • #6,387
  • Feb 14, 2018 7:00pm Feb 14, 2018 7:00pm
Quoting RondaRousey
So the noobs on this thread including OP want to get rich quick by buying bitcoin. Forget about working hard Forget about creating a great business Forget about doing things better, smarter Just buy bitcoin and get rich https://www.youtube.com/watch?v=dxR6MCEzSo0 Blockchain technology is free. Bitcoin does not own blockchain. This is the fundamental analysis that most noobs miss. I do not subscribe to this thread. Nor do I endorse it.

Oy way! The person who did nothing at the forum but insulting people does not endorse the thread that was started 4 years before he came to the forum.
I think this thread will be active long after he will leave this forum.

  • #6,388
  • Feb 15, 2018 1:58am Feb 15, 2018 1:58am
Bitcoin Update for diff. time frames based on deMark stuff.

Sixer
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  • #6,389
  • Feb 15, 2018 3:41am Feb 15, 2018 3:41am
Update:
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(Time frame: 4 hours)
  • #6,390
  • Feb 15, 2018 2:56pm Feb 15, 2018 2:56pm
Quoting James0205
Million dollar question now - was the recent low at <6k the lowest before price starts to rocket? Or will we see another low before the actual bull takes charge?
Hmm. Good question.
Let me ask - what frame are you trading /investing!?!?
If you're day trader - may dip again...may go lower...or higher....

If you're investor - it's a bargain to buy at $10000 or 8k or 12 or 6. Anything!!!

Next year you'll be asking...“was the recent low at 25k the lowest “...... or
......is Trumpy printing another 5 trijillions dollars for building space station!???
Just saying from my perspective...


Chart reminder!!!
Patience!!!
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Beware of robber banks (RB), bad advisors.
  • #6,391
  • Feb 15, 2018 3:12pm Feb 15, 2018 3:12pm
Quoting RondaRousey
... Blockchain technology is free.
...The bitcoin price is based on manipulation and the bigger fool. .
..It has nothing to do with its utility.
...If you own bitcoin you have been manipulated.
Ha!!!

Just posting to ask why are you still moaning here after the good thrashing i gave you last time???
And to quote your 3 stupidest sentences!!!

Soooo blockchain is free then bitcoin is free??? Duuhhhh go pick one free smartphone.... or free banknote....Duhhhh. LOL .

Bitcoin, crypto has no utility ??? LOL .

Manipulation ....or remedy from FED , Trump ,ECB fools?????

Cry later!!!

$10200 today

My chart above speak for me.

And i agree with Venzen about visiting 18600...but will it top there??
Beware of robber banks (RB), bad advisors.
  • #6,392
  • Feb 15, 2018 10:09pm Feb 15, 2018 10:09pm
Bitcoin: 4 y.-cycle comparison

Sixer
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  • #6,393
  • Feb 15, 2018 10:14pm Feb 15, 2018 10:14pm
Quoting Sixer
Bitcoin: 4 y.-cycle comparison Sixer {image}
If it retreats after 15k down below 10k then yes bear winter is here. If we hit 20k its game on. Keep in mind smart money is selling usd this year.
  • #6,394
  • Feb 16, 2018 10:46am Feb 16, 2018 10:46am
Bitcoin Hourly = Bullish

Strong resistance = 10 000
Stop Lost = 9 400


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KISS&V :Keep it simple safe & visual
  • #6,395
  • Feb 17, 2018 11:07am Feb 17, 2018 11:07am
Quoting Sixer
This statement of JPM pushed all cryptocurrencies:


https://stopthefud.wordpress.com/2018/02/15/jpmorgan/


Sixer
Thanks to Sixer for the nice link.!!!

Soo the liars at JPM, after crashing bitcoin, after buying tons.....are finally admitting it's good!!!

....This report gives institutional investors trust in Bitcoin. Right now, a majority of Bitcoin investors are retail investors. Now that a major institutional bank has supported Bitcoin, expect a flood of bigger players into the market, perhaps even JPMorgan itself.
This also opens up a new era in cryptocurrency. Banks are starting to realize they don’t have to be Bitcoin’s enemy, and they are starting to reevaluate their stance on Bitcoin.


Patience .
Diversify .!!
Beware of robber banks (RB), bad advisors.
  • #6,396
  • Feb 18, 2018 6:14am Feb 18, 2018 6:14am
looks right now support is 10 000, resistance 12 000. Knowing, that ,, investors'' are in red 60 billion, I would short below 10000 and watch for entry point around 8000
  • #6,397
  • Feb 18, 2018 6:20pm Feb 18, 2018 6:20pm
Quoting The Cableguy
That is not to say, it will follow an identical path, however, it does show that wave 1 takes a while to gain any momentum and wave 2 is usually deep, taking you almost back to where it started from again. That is when to buy. Later this year according to the scales...
I think you're mostly right, but obviously the targets you drew have dramatically underestimated the volatility of BTC. It's not yet end of March and we have already seen it break back above 10,000. Will we need to wait til the end of the year to see it drop back to 5,000 (or maybe back up to 20K)? I think not.
  • #6,398
  • Feb 22, 2018 10:31am Feb 22, 2018 10:31am
Market is holding weekly fibonacci 0.618 retracement + 1.00 expansıon agreement.
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  • #6,399
  • Feb 23, 2018 8:36am Feb 23, 2018 8:36am
Market is retracing from strong weekly agreement and daıly trend is up.

We have nice XOP (9400 is controlling expansion) agreement + confluence zone at 9300-9600.
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  • #6,400
  • Feb 23, 2018 10:51am Feb 23, 2018 10:51am
Market retraced back from support zone. Now we are against 4hr 0.382+ 0.618 fıbonacci confluence resıstance at 10400. 4hr macd trend turned up ..
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