BTCUSD daily price action | Page 21 | Crypto Craft

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BTCUSD daily price action

  • #401
  • Sep 12, 2019 1:59pm Sep 12, 2019 1:59pm
Wow, BTC climbing good Well I am not that surprised after the mess ECB made today in other markets... swinging like crazy... We might see the same trajectory tomorrow.. Out of precaution I am skipping the rest of the week, so that the market absorb all the crap they throw it in... But sure, more uncertainty means more hopes for markets like this... BTC... And it doesn't look we will see the end of uncertainty in the near future, at least for couple of years... on the current trajectory... we are in...
Can you afford to take that chance?
  • #402
  • Sep 13, 2019 12:12am Sep 13, 2019 12:12am
Quoting auricforecas
Wow, BTC climbing good Well I am not that surprised after the mess ECB made today in other markets... swinging like crazy... We might see the same trajectory tomorrow.. Out of precaution I am skipping the rest of the week, so that the market absorb all the crap they throw it in... But sure, more uncertainty means more hopes for markets like this... BTC... And it doesn't look we will see the end of uncertainty in the near future, at least for couple of years... on the current trajectory... we are in...
I hope you are right, I am long 10362.50.

Is there a predictable relationship between ECB announcements and BTC movement?
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #403
  • Sep 13, 2019 1:13am Sep 13, 2019 1:13am
Quoting g-force
{quote} I hope you are right, I am long 10362.50. Is there a predictable relationship between ECB announcements and BTC movement?
The basic (corellation) mechanism is simple... The less people trust official (currency), the better the alternatives... And yes, ECB confirmed they will debase EUR a little more, Trump is pushing FED to do the same with USD... BTC seemed to be good alternative at times like this... Our local banks announced they might start charging for deposits! Euribor in negative already and a little more now...
Can you afford to take that chance?
  • #404
  • Sep 13, 2019 1:26am Sep 13, 2019 1:26am
Quoting auricforecas
{quote} The basic (corellation) mechanism is simple... The less people trust official (currency), the better the alternatives... And yes, ECB confirmed they will debase EUR a little more, Trump is pushing FED to do the same with USD... BTC seemed to be good alternative at times like this... Our local banks announced they might start charging for deposits! Euribor in negative already and a little more now...
Wow, I hadn't thought of that. I assumed that crypto traders were not closely watching the ECB or FED.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #405
  • Sep 13, 2019 1:31am Sep 13, 2019 1:31am
Quoting alphizo
{quote} #BTCUSD - #UPTREND #Bitcoin short term #Trend is #BULLISH #Buy/#Long @ $10350 | 1.00000000Ƀ Updates Buy/Long @ $10350 (7 Sept) Trend is Bullish, buy dip if price moves lower... Trend is your friend Have Fun Guys Join group https://t.co/l8OwqqCmr6

#BTCUSD - #DOWNTREND
#Bitcoin short term Trend is #BEARISH

Sell/Short @ $10290 | 1.00000000Ƀ

Updates
Buy/Long @ $10350 (7 Sept)
Sell/Short @ $10290 (13 Sept)
Profit/Loss: - $60 per BTC

Trend is Bearish, sell high if price moves higher... Trend is your friend

New followers:
No target set... We follow trend until trend changes

Have Fun Guys

Join group
https://t.co/l8OwqqCmr6
PA/Algo trader... Flow with the tide, not against it
  • #406
  • Sep 13, 2019 1:33am Sep 13, 2019 1:33am
Quoting g-force
{quote} Wow, I hadn't thought of that. I assumed that crypto traders were not closely watching the ECB or FED.
They dont have to watch everything, yesterday was high/red news, market, eurusd for example, was in stall for the week+... Even if they dont watch closely, it echoes everywhere...
Can you afford to take that chance?
  • #407
  • Sep 13, 2019 8:45am Sep 13, 2019 8:45am
BTC/USD : Price: $10,320 | MCAP: $185 Billion | 24-Hr Volume: $14.93 billion

Short-term trend: Cautiously Bullish

The 4-hour chart is reporting a bullish breakout. As a result, BTC could challenge key resistance at $10,956 in the next few days.

Daily chart indicators also indicate scope for a retest of recent highs.

A UTC close above $10,956 (Aug. 20 high) would activate twin bullish cues and open the door to $12,000.

A high-volume break below Wednesday’s low of $9,855 would revive the bearish view, although, that looks unlikely.

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Money = Labour coupons
  • #408
  • Edited 9:56am Sep 13, 2019 9:31am | Edited 9:56am
Bitcoin Price ‘Won’t Stop’ at $30K as Reaction to Difficulty begins

Source:
https://bitcoinist.com/bitcoin-price...iculty-begins/

Sixer
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  • #409
  • Sep 13, 2019 2:07pm Sep 13, 2019 2:07pm
Quoting Sixer
Bitcoin Price ‘Won’t Stop’ at $30K as Reaction to Difficulty begins Source: https://bitcoinist.com/bitcoin-price...iculty-begins/ Sixer
Interesting perspectives. Thanks for sharing.
  • #410
  • Sep 13, 2019 7:35pm Sep 13, 2019 7:35pm
Quoting auricforecas
{quote} They dont have to watch everything, yesterday was high/red news, market, eurusd for example, was in stall for the week+... Even if they dont watch closely, it echoes everywhere...
And also, some people don't realise that BTC is not the same market as it was.. Not some amateurs, lovers.. computer "geeks" (in a good way") that love the alternative, appreciates is, believe it... promote it or whatever.. It used to be so simple that if you posted something on some forum or CHAT.. people responded and moved the market... But BTC got PRO and since then... everything counts, everything is tracked, by PROs... every decision... So yeah, what FED/ECB does, sure does affects... Basically.. we had like 3 things to look after in this summer... ECB/FED/Twitter at least for this fear/uncertainty component... The rest you already know/suspect.. But those TRIO was a rather important component for the summer, unfortunately!
Can you afford to take that chance?
  • #411
  • Sep 16, 2019 2:29am Sep 16, 2019 2:29am
Quoting Sixer
Bitcoin Price ‘Won’t Stop’ at $30K as Reaction to Difficulty begins}
Stock to Flow model is a interesting thesis which seems plausible. Let's see how the model holds up after the bitcoin reward halving (15 May 2020).

https://medium.com/@100trillionUSD/m...y-91fa0fc03e25
Money = Labour coupons
  • #412
  • Sep 16, 2019 7:25am Sep 16, 2019 7:25am
Doesn't really appear to be any news on this drop.....
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  • #413
  • Sep 16, 2019 7:31am Sep 16, 2019 7:31am
Quoting cityRat
Doesn't really appear to be any news on this drop..... {image}
Decent Bounce off of the first support level on the weekly numbers....
4&1 All Time Profit: $37,496
  • #414
  • Edited 9:09am Sep 16, 2019 7:37am | Edited 9:09am
Quoting cityRat
Doesn't really appear to be any news on this drop..... {image}
That's Fair Play, honest post form a guy who is bullish on bitcoin! Crazy blind robotic shills doesn't really help bitcoin.
Is way much better to stay honest like you're not affraid to observe the 'weird' moves...
Member
  • #415
  • Sep 16, 2019 8:31am Sep 16, 2019 8:31am
BTC: Price: $10,160 | MCAP: $183.67 billion | 24-Hr Volume: $13.09 billion

Short-term trend: Neutral-to-bullish

Bitcoin's daily chart shows triple inside bar candlestick pattern, as the cryptocurrency has charted lower highs and higher lows in the last three days.

The first inside bar was created on Friday as that day’s high and low fell within Thursday’s trading range. The second and the third inside bar candle was created on Saturday and Sunday, respectively.

Inside bars represent consolidation and a lack of volatility, often ending with an explosive move on either side.

A close below the first inside bar’s (Friday) low of $10,154 would imply range breakdown and could yield a stronger sell-off to levels below $9,855 (Sept. 11 low).

A break above Friday’s high of $10,458 would imply range breakout and open the doors to $10,956 (July 20 high).

The two-week average hash rate or computing power reached a record high of 85 exahashes per second (EH/s) around 19:00 UTC on Friday.

Further, mining difficulty – a measure of how hard it is to create a block of transactions – also jumped to a new all-time high of nearly 12 trillion. With the hash rate or miner’s confidence hitting record highs, a range breakout looks likely.
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Money = Labour coupons
  • #416
  • Sep 16, 2019 9:40am Sep 16, 2019 9:40am
Quoting alphizo
{quote} #BTCUSD - #DOWNTREND #Bitcoin short term Trend is #BEARISH Sell/Short @ $10290 | 1.00000000Ƀ Updates Buy/Long @ $10350 (7 Sept) Sell/Short @ $10290 (13 Sept) Profit/Loss: - $60 per BTC Trend is Bearish, sell high if price moves higher... Trend is your friend New followers: No target set... We follow trend until trend changes Have Fun Guys Join group https://t.co/l8OwqqCmr6

Still in play
PA/Algo trader... Flow with the tide, not against it
  • #417
  • Sep 16, 2019 11:12am Sep 16, 2019 11:12am
Quoting TudorIoan
{quote} That's Fair Play, honest post form a guy who is bullish on bitcoin! Crazy blind robotic shills doesn't really help bitcoin. Is way much better to stay honest like you're not affraid to observe the 'weird' moves...
I think you'll agree with me that all crypto moves are weird, lol.

Anyway I'm happy to see it go down again. Down to 10,100 now... if it goes any lower I'll re-load on my longs. I'm flat currently.
  • #418
  • Sep 16, 2019 2:00pm Sep 16, 2019 2:00pm
Quoting cityRat
{quote} I think you'll agree with me that all crypto moves are weird, lol. Anyway I'm happy to see it go down again. Down to 10,100 now... if it goes any lower I'll re-load on my longs. I'm flat currently.
I agree with you there... Not sure why it is dropping atm... Maybe it is waiting for FED to mess the markets on Wednesday? But yeah, some keywords like crypto+ban didn't help, even though it was not BTC mentioned, directly, at least not yet... But do not doubt, if they could (without much backlash), they would... Would prefer not to make and longerterm decision based on this mess week (saudi situation, FED on Wednesday, trump tweeting like crazy)... But this has to end, markets are sick of those stall weeks, interventions and manipulations, intentional or not... Markets/capital are not patient beasts, they move like electricity, through the path of less resistance.. They might wait a little but might just STEAMROLL over any news, events... starting ignoring them... they costed too much in opportuno (costs) alone...
Can you afford to take that chance?
  • #419
  • Sep 16, 2019 4:31pm Sep 16, 2019 4:31pm
Quoting TMR
consolidation and a lack of volatility, often ending with an explosive move on either side.
This thing seems like she's about to blow! Assume your battle stations gentlemen!
  • #420
  • Sep 16, 2019 8:39pm Sep 16, 2019 8:39pm
The recent moves on #BTCUSD market confirm the cruel nature of the market. Its goal - is to produce losses for the majority. Here is how it does work.

A) Downmove after a period of sideways dull. The bearish activity attracts traders (and their bots) into following the bearish impulse. Traders enter short positions (that is why we can see increase on BTCUSDSHORTS)

B) But if the market is really weak, it not interested in making profits for this portion of just-established shorts. That is why we got the second move B. It knocks out sellers from market by triggering their Stop Losses. This is an SLK move. Green spike on clusters represents the activation of BUY-stop orders. (that is why we can see a decrease on BTCUSDSHORTS). So, when majority is knocking out from shorts - you should sell. This is a way to act in harmony with winning minority.

A+B sequence tells a more bearish story. So, price has more chances to make the next step down.
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