Testing Bitcoin Cryptocurrency on Dynamic Market Profile | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Fundamental drivers of the cryptocurrency market 118 replies

How To Do Cryptocurrency Arbitrage 6 replies

Cryptocurrency forecast 3 replies

I am looking for experienced cryptocurrency managing traders 0 replies

How to build a PC for MT5 back testing? 0 replies

Attachments: Testing Bitcoin Cryptocurrency on Dynamic Market Profile
Exit Attachments

Testing Bitcoin Cryptocurrency on Dynamic Market Profile

  • #1
  • First Post: May 13, 2018 3:53pm May 13, 2018 3:53pm
Im testing Bitcoin On market profile, results are astounding.

here is some shots of the dynamics

First time doing bitcoin. As an asset its tradable........... Fundamental Technical Digital......Keep an eye on miners reports along.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: btcusd.PNG Size: 54 KB
Click to Enlarge Name: btcusd1.PNG Size: 65 KB
Click to Enlarge Name: btcusd2.PNG Size: 64 KB
Click to Enlarge Name: btcusd3.PNG Size: 68 KB
Click to Enlarge Name: btcusd4.PNG Size: 64 KB
Click to Enlarge Name: btcusd5.PNG Size: 72 KB
Click to Enlarge Name: btcusd6.PNG Size: 108 KB
Click to Enlarge Name: btcusd7.PNG Size: 93 KB
  • #2
  • May 14, 2018 12:36am May 14, 2018 12:36am
More downside movement toward 8000 level
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd8.PNG Size: 94 KB
  • #3
  • May 14, 2018 12:51am May 14, 2018 12:51am
I basically see BTC/USD as: "Bitcoin is the future!" / "Bitcoin is going nowhere!"

So far the latter appears dominant.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #4
  • May 14, 2018 1:09am May 14, 2018 1:09am
Quoting CannonScout
I basically see BTC/USD as: "Bitcoin is the future!" / "Bitcoin is going nowhere!" So far the latter appears dominant.
Very Possible
I also see it as Parallel universe ( ECONOMY) or digital economy that will stay as alternative Econ System.
Both current system and digital crypto will remain cause BITCOIN now is viewed as an asset that can be exchanged for value

Worry not about Mr Satochi BS story. The same Creators of the current system, decided to create Digital Crytpos in preparation for the digital cities..
See CITY OF NEOM.
There will be Old world and New World.. Yes they are dividing us again, under everyone nose. lol
  • #5
  • May 14, 2018 1:43am May 14, 2018 1:43am
Quoting LaVoltage
{quote} Very Possible I also see it as Parallel universe ( ECONOMY) or digital economy that will stay as alternative Econ System. Both current system and digital crypto will remain cause BITCOIN now is viewed as an asset that can be exchanged for value Worry not about Mr Satochi BS story. The same Creators of the current system, decided to create Digital Crytpos in preparation for the digital cities.. See CITY OF NEOM. There will be Old world and New World.. Yes they are dividing us again, under everyone nose. lol
Wow I agree with that 100%. Never once had faith in Satoshi story. (see PM)

Yes I believe in the Bitcoin revolution. Actually I believe it will be an alternative crypto-currency. The initial development of Bitcoin, like all things, had inherent flaws and possible improvements. These improvements made by alternative crypto-currency's are at times vastly superior to that of Bitcoin. An example is LITECOIN, which has 81,000,000 in potential circulation vs Bitcoins 21,000,000. Other developments include increased privacy, central fund, etc.

Right now, I believe the main concern is Government intervention. We are all unclear about their views and potential actions, with many considering that Governments will ban or limit it's use. (Using 'Black Market' arguments to stem its progression.) Once Authority's views are quite clear, me say see further market involvement by those that are on the sidelines. Funds, investors, retail and other market participants.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #6
  • May 15, 2018 12:11am May 15, 2018 12:11am
Quoting CannonScout
{quote} Wow I agree with that 100%. Never once had faith in Satoshi story. (see PM) Yes I believe in the Bitcoin revolution. Actually I believe it will be an alternative crypto-currency. The initial development of Bitcoin, like all things, had inherent flaws and possible improvements. These improvements made by alternative crypto-currency's are at times vastly superior to that of Bitcoin. An example is LITECOIN, which has 81,000,000 in potential circulation vs Bitcoins 21,000,000. Other developments include increased privacy, central fund, etc....
Totally agree

US is involved now and they will regulate the market.
They couldn't stop it.. they joined I guess.
Current Economy will co-exist with the new Digital Economy for a long while.

Imagine giving someone an IPHONE 40 years ago.. what would he think? he will think you are from start wars or out of space. but look now where we are
with tech moving fast and un-noticeable to many. and believe it or not we are moving toward a world of JETSONS if you know what i mean. and soon enough you will pay with iris scan at gas pumps. our kids will fly in their cars. so yeah we have no choice to comply with the ghost in the machine

Bitcoin and cyptos are in their infancy stages and block-chain technologies will revolutionize the way business is done.

Bridging the two economies is where lies a pot of gold for the visionaries.
  • #7
  • May 15, 2018 12:15am May 15, 2018 12:15am
Lets see how this plays. above POC
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd9.PNG Size: 102 KB
  • #8
  • May 15, 2018 12:22am May 15, 2018 12:22am
ETH. looks the same lol crazy game of chicken they play with traders.
Attached Image (click to enlarge)
Click to Enlarge Name: ETH.PNG Size: 103 KB
  • #9
  • May 15, 2018 12:24am May 15, 2018 12:24am
XRP RIPPLE or whatever the hell this is .. same story. like a video tape with re-runs
Attached Image (click to enlarge)
Click to Enlarge Name: xrp.PNG Size: 94 KB
  • #10
  • May 15, 2018 12:25am May 15, 2018 12:25am
LTC LITECOIN yup


I gotta make my own coin.
Attached Image (click to enlarge)
Click to Enlarge Name: ltcMini.PNG Size: 96 KB
  • #11
  • May 15, 2018 12:29am May 15, 2018 12:29am
BCHUSD BITCOIN CASH i think..



Still new to bitcoin and crypto
took blockchain course and bitcoin course
i changed how i think about bitcoin. its here to stay.
Attached Image (click to enlarge)
Click to Enlarge Name: BCHUSD.PNG Size: 108 KB
  • #12
  • May 15, 2018 12:32am May 15, 2018 12:32am
and ofcourse the infamouse BITCOIN GOLD BTGUSD -BS ( BS means BULLSHIT and its not part of the SYMBOL)

BITCOIN GOLD is a fork of or from bitcoin. basicly what that means = is that BITCOIN GAVE BIRTH to Bitcoin gold. the question is who is the FATHER?

so is BITCOIN CASH.
Attached Image (click to enlarge)
Click to Enlarge Name: btgusd.PNG Size: 86 KB
  • #13
  • May 15, 2018 12:37am May 15, 2018 12:37am
And What the F$&$ is this?
Anyone gotta an idea the name of this crypto EOSUSD
Tell me its not a crypto?

Alright. I guess I will focus on BTCUSD only
Attached Image (click to enlarge)
Click to Enlarge Name: EOSUSD.PNG Size: 90 KB
  • #14
  • May 15, 2018 12:39am May 15, 2018 12:39am
Thanks for a detail technical analysis and it may help those traders who are taking good interest in crypto currency trading. And without taking too much pressure, people are actively trying to earn good profit from these virtual currency trading. Somehow, once I have tried crypto currency trading with BTC but the result was not satisfactory due to many reasons. Then I have decided to start again with real currency trading. I am happy with conventional forex trading.
  • #15
  • May 15, 2018 12:40am May 15, 2018 12:40am
Re-Runs Re-runs

EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: eur.PNG Size: 91 KB
  • #16
  • May 15, 2018 12:40am May 15, 2018 12:40am
Haha they're all so correlated it's not even worth looking into each one. Honestly there's a lot of junk coins out there. Litecoin is fuckin' brilliant though. Charlie Lee the founder expects prices to exceed their old highs
Humans are naturally hardwired to avoid and detest uncertainty.
  • #17
  • May 15, 2018 12:44am May 15, 2018 12:44am
Quoting LorraineMor
Thanks for a detail technical analysis and it may help those traders who are taking good interest in crypto currency trading. And without taking too much pressure, people are actively trying to earn good profit from these virtual currency trading. Somehow, once I have tried crypto currency trading with BTC but the result was not satisfactory due to many reasons. Then I have decided to start again with real currency trading. I am happy with conventional forex trading.

Expanded ranges is what worries me. But im very interested in learning more.
Currently Im also mining BTC MONERO ETH BCH BTG.

I will keep an eye on cryptos and hopefully we all learn.
Thank you for your involvement and comments
  • #18
  • May 15, 2018 12:46am May 15, 2018 12:46am
Quoting CannonScout
Haha they're all so correlated it's not even worth looking into each one. Honestly there's a lot of junk coins out there. Litecoin is fuckin' brilliant though. Charlie Lee the founder expects prices to exceed their old highs
Tell us the BIRTH STORY. or rather The FORK. I STILL CAN"T UNDERSTAND it.. but because of it Im mining
  • #19
  • May 15, 2018 12:51am May 15, 2018 12:51am
Im Keeping an eye open on crypto
On my charts I look at Balance to out of balance and back to balance again. Market-Profile Concepts.
Im noticing based on ranges ( and believe me BTCUSD-SOB has big range) that are within 1STD VAL or VAH that means 1 standard deviation from POC or point of control and Value area low or value area high.
  • #20
  • May 15, 2018 5:15am May 15, 2018 5:15am
Quoting LaVoltage
{quote} Tell us the BIRTH STORY. or rather The FORK. I STILL CAN"T UNDERSTAND it.. but because of it Im mining
To be completely honest, I'm rather unsure about most the technical. But you don't need a degree to use a computer, I understand that it's faster, better privacy and has more coins. There's quite a few benefits actually.
Humans are naturally hardwired to avoid and detest uncertainty.
0 traders viewing now