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BTCUSD daily price action

  • #241
  • Aug 26, 2019 3:45pm Aug 26, 2019 3:45pm
Quoting DonPato
Good day all...just a quick update on this infernal bitcoin trade....still waiting...waiting...waiting. It seems clear that there are very few sellers around the 10,000 level, but what I also find odd is that there are also very few buyers as well. Most of the buying I'm seeing appears to be profit taking from shorts or range trading inside the small range just above this level. Volume has fallen dramatically so I will hold a little longer. I have a stop locking in a very small profit and if I see that today's price action is also subdued, I will...
The silver lining is that with the very high leverage you can get from the btc brokers playing up and down on the 10k level can still be profitable.

Its not the most exciting scenario though.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #242
  • Aug 26, 2019 4:20pm Aug 26, 2019 4:20pm
Quoting g-force
... Its not the most exciting scenario though.
Zzzzz

Yep...the lazy days of summer.
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  • #243
  • Aug 26, 2019 8:21pm Aug 26, 2019 8:21pm
Quoting yg10
{quote} One of the reasons: https://www.bnnbloomberg.ca/offshore...tion-1.1306712
I thought that was it! I'm starting to be a real believer the BTC is a safe haven, particularly in these particularly vulnderable countries (Venezuela, China, etc.)
  • #244
  • Aug 26, 2019 8:22pm Aug 26, 2019 8:22pm
Quoting DonPato
{quote} Zzzzz Yep...the lazy days of summer.
While they're lazy, I'm gonna try to outwork them for some short term profits. Sure, it's not the most fun but nothing worth doing is right?
  • #245
  • Aug 26, 2019 9:08pm Aug 26, 2019 9:08pm
Quoting vanillaice
{quote} While they're lazy, I'm gonna try to outwork them for some short term profits. Sure, it's not the most fun but nothing worth doing is right?
You have a nice well defined range to play with.
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  • #246
  • Aug 27, 2019 7:18am Aug 27, 2019 7:18am
Quoting DonPato
{quote} You have a nice well defined range to play with.
That range is pushing a little lower today. 10K is in site.
  • #247
  • Aug 27, 2019 8:20am Aug 27, 2019 8:20am
BTC: Price: $10,070 | MCAP: $180.85 billion | 24-Hr Volume: $15.77 billion

Short-term trend: Bearish

Bitcoin's pullback from June's high of $13,880 has stalled at the 12-week exponential moving average (EMA) line.

BTC has defended that key average in five out of the last six weeks. Even so, the outlook remains bearish, as the daily chart is reporting bearish lower highs pattern.

The weekly moving average convergence divergence histogram is reporting bearish conditions for the first time since February.

BTC is likely to end the current week below the long-held support of the 12-week EMA, currently at $9,940.

A bearish close, if confirmed, would open the doors for a deeper drop to $8,500. On the higher side, a break above the bearish lower high of $10,956 created on Aug. 20 is needed to weaken bearish pressures.
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Money = Labour coupons
  • #248
  • Aug 27, 2019 8:26am Aug 27, 2019 8:26am
Quoting alphizo
My call today before dump #BTCUSD - #DOWNTREND #Bitcoin short term Trend is #Bearish Sold @ $10, 310 | 1.00000000Ƀ Update Bought @ $10, 085 (on 21 Aug) Sold @ 10, 310 (on 24 Aug) Profit: $225/Ƀ (in 3days) Check Twitter link https://twitter.com/DGreatson/status...663439876?s=19 Join #telegramgroup for next #Buy call @bitcointrendupdate

Played out nicely...

Waiting to buy at d right price level
PA/Algo trader... Flow with the tide, not against it
  • #249
  • Aug 27, 2019 8:31am Aug 27, 2019 8:31am
Quoting MarkGman
{quote} That range is pushing a little lower today. 10K is in site.
Yes Price is pushing lower (at least at the moment) but we are still in the overall range. I have moved my price into what I refer to as the "danger zone". It is now vulnerable to a "FU stop" where my stop is taken then price turns and goes my way anyway. The stop locks 150 pips. I am kind of banking here, that any volatility will flush the bottom of the range...and not the top...however that is just plain wishful thinking. The better reason for moving my stop closer is I am preserving capital in "an uncertain/unclear market".
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  • #250
  • Aug 27, 2019 10:05am Aug 27, 2019 10:05am
Still a snoozefest for now
  • #251
  • Aug 27, 2019 12:26pm Aug 27, 2019 12:26pm
Ok, now I shorted... via broker, LIVE, at 10:1 leverage
Short.. TP at 10,10 USD/mBTC
Can you afford to take that chance?
  • #252
  • Aug 27, 2019 4:48pm Aug 27, 2019 4:48pm
Quoting auricforecas
Ok, now I shorted... via broker, LIVE, at 10:1 leverage Short.. TP at 10,10 USD/mBTC
opened dedicated live TE for it... will see how it goes with this broker... would love tighter spreads maybe... but all other things seem fine..
opened TE public btw, take a look LIVE trade in action ;D BTW opened one account before but accidently opened eurusd there.. and it distorted the "clean" track record.. aka dedicate TE for BTCUSD... hence I opened some other, CLEAN... after... the one that you can see here... with 20:1... Yeah after it hit TP, the record will be show.. TEs policy.. you will see it there, just remember the link and TE/account number
Can you afford to take that chance?
  • #253
  • Aug 27, 2019 7:38pm Aug 27, 2019 7:38pm
Quoting auricforecas
{quote} opened dedicated live TE for it... will see how it goes with this broker... would love tighter spreads maybe... but all other things seem fine.. opened TE public btw, take a look LIVE trade in action ;D BTW opened one account before but accidently opened eurusd there.. and it distorted the "clean" track record.. aka dedicate TE for BTCUSD... hence I opened some other, CLEAN... after... the one that you can see here... with 20:1... Yeah after it hit TP, the record will be show.....
Interesting, I’ll keep an eye on it. I love to watch trading stats develop.

Right now it says Xau/Btc. Are you going to combine gold and bitcoin trading strategies? Seems like an interesting way to trade bitcoin without exposure to dollar movement.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #254
  • Aug 27, 2019 7:52pm Aug 27, 2019 7:52pm
Quoting g-force
{quote} Interesting, I’ll keep an eye on it. I love to watch trading stats develop. Right now it says Xau/Btc. Are you going to combine gold and bitcoin trading strategies? Seems like an interesting way to trade bitcoin without exposure to dollar movement.
But that dollar gold correlation will still remain a favorable bud. My thinking is that for so long as the USD remains a reserve currency.....anything traded with or without he dollar, that's to say be it directly or indirectly, movements in dollar index will affect what happens with that cross ....
Just a thought.....but would love to see how it plays out
4&1 All Time Profit: $37,496
  • #255
  • Aug 27, 2019 8:04pm Aug 27, 2019 8:04pm
Quoting MzansiObi
{quote} But that dollar gold correlation will still remain a favorable bud. My thinking is that for so long as the USD remains a reserve currency.....anything traded with or without he dollar, that's to say be it directly or indirectly, movements in dollar index will affect what happens with that cross .... Just a thought.....but would love to see how it plays out
Good point. Although gold has been stronger than the dollar lately. I guess all three are sort of risk off assets though so I could see a case for being long USD, BTC and XAU. Playing one against the other seems tricky.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #256
  • Aug 27, 2019 8:08pm Aug 27, 2019 8:08pm
Quoting MzansiObi
{quote} But that dollar gold correlation will still remain a favorable bud. My thinking is that for so long as the USD remains a reserve currency.....anything traded with or without he dollar, that's to say be it directly or indirectly, movements in dollar index will affect what happens with that cross .... Just a thought.....but would love to see how it plays out
XAU USDX correlation changed dramatically this year. Take a look at weekly
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BTW some brokers had XAU/BTC in the past. That was a great pair to trade in 2017
  • #257
  • Aug 27, 2019 8:10pm Aug 27, 2019 8:10pm
Quoting g-force
{quote} Good point. Although gold has been stronger than the dollar lately. I guess all three are sort of risk off assets though so I could see a case for being long USD, BTC and XAU. Playing one against the other seems tricky.
True.
You have a reserve currency on the one hand, a safe haven on the other and a wild goose on the other end where everyone is still trying to figure out where it lies in the greater scheme of things. Hence my thinking at the end of it all, it becomes interesting to see how BTC crosses in general behave.....
4&1 All Time Profit: $37,496
  • #258
  • Aug 27, 2019 8:15pm Aug 27, 2019 8:15pm
Quoting yg10
{quote} XAU USDX correlation changed dramatically this year. Take a look at weekly {image} BTW some brokers had XAU/BTC in the past. That was a great pair to trade in 2017
Granted, past couple of weeks some correlations have slacked off, I mean even Gold and EU sort of began drifting apart from one another ....in essence it's a great tool to rely on but not entirely dependent on.....don't know if that makes sense.....hence my saying I'd love to see NOW amidst these market dynamics(things are different from 2017) how the gold Bitcoin cross behaves......
4&1 All Time Profit: $37,496
  • #259
  • Aug 27, 2019 8:44pm Aug 27, 2019 8:44pm
Those sellers seem determined to test that 10k level again! I'm not making large position moves until we see some clear direction develop. If it gets under that level, It might sustain for a bit.
  • #260
  • Aug 27, 2019 9:12pm Aug 27, 2019 9:12pm
Quoting TMR
BTC: Price: $10,000 | MCAP: $178.83 billion | 24-Hr Volume: $16.74 billion Short-term trend: Neutral Bitcoin is looking north, having confirmed a bullish doji reversal on the 4-hour chart with a move to $10,000 yesterday. The cryptocurrency also confirmed a descending triangle breakout on the 4-hour chart yesterday. The pattern is still valid and has gained credence with buying volumes hitting highest since July 19 in the Asian trading hours today. BTC, therefore, could rise to the 50-day moving average, currently at $10,500, in the next 24 hours...
sho bra if i may ask wat is the spread of the BTCUSD an on wch brokers
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