BTCUSD daily price action | Page 14 | Crypto Craft

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BTCUSD daily price action

  • #261
  • Aug 28, 2019 12:18am Aug 28, 2019 12:18am
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.
tnx, corrected the naming mistake, tradelist correct But yeah, interesting idea comboning the two, maybe will think about it
Can you afford to take that chance?
  • #262
  • Aug 28, 2019 12:24am Aug 28, 2019 12:24am
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.....
Nice, it hit overnight, success, TE, check on my profile, hope this kind of leverage will be sustainable, also the spread (costs).
Can you afford to take that chance?
  • #263
  • Aug 28, 2019 12:29am Aug 28, 2019 12:29am
Quoting auricforecas
Ok, now I shorted... via broker, LIVE, at 10:1 leverage Short.. TP at 10,10 USD/mBTC
it hit, success, nice
Can you afford to take that chance?
  • #264
  • Aug 28, 2019 9:00am Aug 28, 2019 9:00am
BTC: Price: $10,160 | MCAP: $182.29 billion | 24-Hr Volume: $13.34 billion

Short-term trend: Bearish

Bitcoin is trading in a sideways manner above the 100-day moving average for the sixth straight day.

The weekly moving average convergence divergence histogram is also reporting bearish reversal.

So, the probability of BTC breaking below the 100-day MA, currently at $10,047, and extending losses toward the Aug. 15 low of $9,467 is high.

The bearish case would weaken if the persistent defense of the 100-day MA ends up fueling a rise above the bearish lower high of $10,956 created on Aug. 20.
Attached Image (click to enlarge)
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Money = Labour coupons
  • #265
  • Aug 28, 2019 9:44am Aug 28, 2019 9:44am
Quoting TMR
BTC: Price: $10,160 | MCAP: $182.29 billion | 24-Hr Volume: $13.34 billion Short-term trend: Bearish Bitcoin is trading in a sideways manner above the 100-day moving average for the sixth straight day. The weekly moving average convergence divergence histogram is also reporting bearish reversal. So, the probability of BTC breaking below the 100-day MA, currently at $10,047, and extending losses toward the Aug. 15 low of $9,467 is high. The bearish case would weaken if the persistent defense of the 100-day MA ends up fueling a rise above the bearish...
I imagine this is why many buyers are defending the lows over the past few weeks. I agree if the stops below this area are run a big "woosh" lower will occur.
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  • #266
  • Aug 28, 2019 1:23pm Aug 28, 2019 1:23pm
We're tumbling boys, hold on tight now

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  • #267
  • Aug 28, 2019 1:23pm Aug 28, 2019 1:23pm
Quoting Hasher
We're tumbling boys, hold on tight now
Longed the bottom, we can go to 7.5k though, first take out crucial 9k...
Be hopeful in a winning position, and fearful in a losing position.
  • #268
  • Aug 28, 2019 2:30pm Aug 28, 2019 2:30pm
Quoting Rag2RichesFX
{quote} Longed the bottom, we can go to 7.5k though, first take out crucial 9k...
I'm not sure the bottom has hit yet . Catching the falling knife could be tricky here but also very profitable.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #269
  • Aug 28, 2019 6:01pm Aug 28, 2019 6:01pm
Thar' she blows!!
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  • #270
  • Aug 28, 2019 9:04pm Aug 28, 2019 9:04pm
Quoting DonPato
Thar' she blows!! {image}
Can you clarify what we are looking at here? I'm grasping at straws trying to get a sober view established

My mind is tellin me no... but my body is telling me yes
(this post does not endorse R Kelly)
  • #271
  • Aug 28, 2019 9:22pm Aug 28, 2019 9:22pm
Quoting vanillaice
{quote} Can you clarify what we are looking at here? I'm grasping at straws trying to get a sober view established My mind is tellin me no... but my body is telling me yes (this post does not endorse R Kelly)
The image is a daily chart of BTC/USD. It gives a clear picture of what happens when stops are all hit at once creating a huge selling Cascade in the order flow. Price goes "whoosh".
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  • #272
  • Aug 28, 2019 11:38pm Aug 28, 2019 11:38pm
Quoting Rag2RichesFX
{quote} Longed the bottom, we can go to 7.5k though, first take out crucial 9k...
Im long Long 9 585.2, Sl a couple of pips below second support handle...

Thinking we may have a bit of a support base and am looking for PA towards 9.9-10kish....

Been tracking its PA with Pivots and associated levels only, and managed to sneak in before the drop.
Generally speaking, its been pivoting higher of late while failing to break higher so the shake lower not surprising, just thought it would ladder down as opposed to sudden drop....

Happy trading to all of you
4&1 All Time Profit: $37,496
  • #273
  • Aug 29, 2019 2:47am Aug 29, 2019 2:47am
This thing is diving boys. I'm heavy short. Craig Wright is selling!!
Attached Image
  • #274
  • Aug 29, 2019 3:35am Aug 29, 2019 3:35am
Quoting Goat
This thing is diving boys. I'm heavy short. Craig Wright is selling!! {image}
Fakesatoshi ain't selling any BTC.
Money = Labour coupons
  • #275
  • Aug 29, 2019 3:45am Aug 29, 2019 3:45am
Quoting Goat
This thing is diving boys. I'm heavy short. Craig Wright is selling!! {image}
Just trying to make sense of this.....

Looking at weekly chart, price has sort of reversed back towards the mean.....
Expect some consolidation before tracking higher
4&1 All Time Profit: $37,496
  • #276
  • Aug 29, 2019 3:48am Aug 29, 2019 3:48am
Quoting TMR
{quote} Fakesatoshi ain't selling any BTC.
Are you definitely sure this thing is going up ?
Sell now and buy low then ! You'll make a fortune
Member
  • #277
  • Aug 29, 2019 4:07am Aug 29, 2019 4:07am
When you see the Satoshi coins moving, it's already too late TMR!! Craigadile Dundee is coming for us all!!
Quoting TMR
{quote} Fakesatoshi ain't selling any BTC.
THEN WHO IS?!?
  • #278
  • Aug 29, 2019 8:11am Aug 29, 2019 8:11am
Quoting Goat
THEN WHO IS?!?
Traders and short term speculators. Fakesatoshi would have dumped OTC.
Money = Labour coupons
  • #279
  • Aug 29, 2019 8:14am Aug 29, 2019 8:14am
BTC: Price: $9,450 | MCAP: $169.75 billion | 24-Hr Volume: $20.11 billion

Short-term trend: Bearish

Bitcoin is looking south, having dived out of a narrowing price range created in the 13 days to Aug. 27.

The breakdown is backed by the descending 5- and 10-day moving averages. The 14-day relative strength index (RSI) has also breached key support, as seen in the chart below, and is reporting bearish conditions with a below-50 print.

More importantly, selling volumes on the 4-hour surged to highest level since Aug. 7 as prices dived out of the contracting triangle.

The stage looks set for a slide to $9,000. A violation there would open the doors to $8,500.

The bearish case would be invalidated above Wednesday's high of $10,280, although as of now, that looks unlikely.

Long-term trend: Cautiously bullish

Bitcoin is down close to 30 percent from the 17-month high of $13,800 reached on June 26.

Prices are holding above the May 30 high of $9,097, meaning the higher lows and higher highs setup is still intact. Also, prices are trading well above the 200-day moving average of $7,460 and the falling channel breakout on the monthly chart, confirmed in April, is valid.

Even so, there is merit in being cautious, as the weekly line chart is reporting a double top pattern with a neckline support of $9,533.
Attached Image (click to enlarge)
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Money = Labour coupons
  • #280
  • Aug 29, 2019 10:36am Aug 29, 2019 10:36am
Converted my small amount of BTC to USD yesterday before went too far. However, still sitting on the sidelines. Nice to see the uptick recently, but not sure we are still going up. Thanks for the analysis TMR. Tense times.
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