BTCUSD daily price action | Page 22 | Crypto Craft

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BTCUSD daily price action

  • #421
  • Sep 17, 2019 3:58am Sep 17, 2019 3:58am
Quoting pela78
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...
Pretty cool how Bitfinex shows the order book on the candles. Makes me want to afford them some counterparty risk.

Got to give it to these crypto exchanges. I haven't seen this much trading interface innovation since forex went retail.
  • #422
  • Sep 17, 2019 7:15am Sep 17, 2019 7:15am
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'm not necessary happy if bitcoin is going down.
I only have a problem with the army of stups who buys everything that flies but they don't get anything about economy and finance, and the crooked shills who creates hypes, that's all.
Member
  • #423
  • Sep 17, 2019 9:07am Sep 17, 2019 9:07am
BTC: Price: $10,200 | MCAP: $184 billion | 24-Hr Volume: $14.64 billion

Short-term trend: Neutral

Bitcoin fell to lows below $10,100 in the U.S. trading hours on Monday, signaling a downside break of the narrowing price range created near $10,300 in the three days to Sept. 15.

Even so, the outlook remains neutral, as the cryptocurrency is holding on to support of the trendline connecting Aug. 30 and Sept. 11 lows, currently at $10,120.

The probability of the cryptocurrency breaking below the trendline support is high, as the 4-hour chart shows weakening bullish pressures – last week's falling wedge breakout ended up creating another bearish lower high at $10,458.

Acceptance below $10,120 would open the doors for a deeper drop to recent lows near $9,850. On the higher side, key resistance levels are $10,458 and $10,956 (Aug. 20 high).

Long-term trend: Neutral

Bitcoin's monthly chart shows a double inside bar pattern – August’s candle falls within July's high and low and July’s candle is engulfed by June's high and low.

Double inside bars indicate indecision and lack of volatility and are considered a sign of bullish exhaustion, if they occur after a notable price rally, which seems to be the case here.

A break above the high of the first inside bar ($13,200) is needed to revive the bullish outlook and a move below the low of the first inside bar ($9,049) will confirm a bearish reversal.
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  • #424
  • Sep 17, 2019 9:51am Sep 17, 2019 9:51am
Quoting vanillaice
{quote} This thing seems like she's about to blow! Assume your battle stations gentlemen!
Well the alts moved at least, did someone fire the wrong gun?
  • #425
  • Sep 17, 2019 1:28pm Sep 17, 2019 1:28pm
Quoting Hasher
{quote} Well the alts moved at least, did someone fire the wrong gun?
lol ok ok, I was a little bit overhyped. I didn't mean it would pop that quickly! Just this consolidation range coming to an end and it's going to go... somewhere, sometime . Lots of positive news coming out this week though. Maybe we are headed higher
  • #426
  • Sep 17, 2019 1:59pm Sep 17, 2019 1:59pm
Well yeah, kinda disappointed it didn't move higher after all the mess, but hey, at least it is somewhat stable Btw, new head of ECB comming...
Bear in mind that this is some tough... Christine Lagarde. Well, she does recognises the potential of crpyto.. is open to it, BUT! Not sure this is a good thing, because maybe it would be better for politicians just to ingore it instead of finding a way how to "regulated" it or "protecting people"... which ussualy meaning, takin tools from anyone, just to "prevent" someone to get hurt.. Good example was deleveraging to 30:1 for FX.. and this was not their goal.. they would prefer to remove it, to "protect" people... (or the "old money" some say)..

https://cointelegraph.com/news/imf-c...ncy-regulation

BTW... my price prediction for BTC atm is a complete mystery If I would have to choose ("with gun to the head"), would choose SELL.. but for daily etc..
will just wait what this week brings, specially after tomorrows FED party, do not forget! Some GOOD swings.. Not saying they like to swing but the price might move like crazy FED RATE CUT (speech) is like RATS on CRACK... party...
Can you afford to take that chance?
  • #427
  • Sep 17, 2019 2:19pm Sep 17, 2019 2:19pm
Quoting TudorIoan
{quote} I'm not necessary happy if bitcoin is going down. I only have a problem with the army of stups who buys everything that flies but they don't get anything about economy and finance, and the crooked shills who creates hypes, that's all.
Yeah, was thinking about it myself.. but then was also wondering how much the market would change/adapt.. if we remove those.. What if they bring us the most profits? Btw, I'm reminded about this quote... Mark Hanna: We don’t give two shits about how technology works, because all we care about is getting fucking rich!

Also, bear in mind, if there would be no stupidity/ignorance, there might be no market(s) at all

BTW, quickly skipped your ignore list and it seems you know who the fake ones/gurus are It seems you are a good trader, if I judge by that alone.
Can you afford to take that chance?
  • #428
  • Sep 17, 2019 4:45pm Sep 17, 2019 4:45pm
Quoting TudorIoan
{quote} I'm not necessary happy if bitcoin is going down. I only have a problem with the army of stups who buys everything that flies but they don't get anything about economy and finance, and the crooked shills who creates hypes, that's all.
I'm not a fan of the army either, however, their actions are pretty predictable... so maybe I am a fan.

Also, there is something beneath the army you mention and that is the real crypto core. They will carry the torch
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #429
  • Sep 18, 2019 12:22am Sep 18, 2019 12:22am
Quoting auricforecas
{quote} Yeah, was thinking about it myself.. but then was also wondering how much the market would change/adapt.. if we remove those.. What if they bring us the most profits? Btw, I'm reminded about this quote... Mark Hanna: We don’t give two shits about how technology works, because all we care about is getting fucking rich! Also, bear in mind, if there would be no stupidity/ignorance, there might be no market(s) at all BTW, quickly skipped your ignore list and it seems you know who the fake ones/gurus are It seems you are...
Ok, I owe you a life changing perspective: fools are necessary!
Thanks!
Member
  • #430
  • Sep 18, 2019 12:33am Sep 18, 2019 12:33am
Quoting g-force
{quote} I'm not a fan of the army either, however, their actions are pretty predictable... so maybe I am a fan. Also, there is something beneath the army you mention and that is the real crypto core. They will carry the torch
What torch, buddy?
- Crypto will only ever be a gamble not an investment. (volatility)
- Crypto will only ever be a private medium of exchange. (a national fiat currency on blockchain at its most) edit: Love, Doge!
- ...a fizzled mediocre revolution (because the manipulation from the Four Big Brothers ...those + 54%)
- ...a mental disturbed small groups of anarchists sort of soul pet...

But auricforecas emphasize it best, lotta US dollars are to be made as a stup is born every minute ...by selling the tops of bitcoin, as happened before, no surprise
Member
  • #431
  • Sep 18, 2019 8:43am Sep 18, 2019 8:43am
BTC: Price: $10,240 | MCAP: $183.69 billion | 24-Hr Volume: $16.54 billion

Short-term trend: Bearish

Bitcoin's price volatility, as represented by Bollinger bandwidth, has hit the lowest level since May 3, and is closing on a level seen ahead of violent price swings in the past.

The recent surge in non-price metrics like the hash rate indicates the impending big move could be bullish.

Technical charts, however, are increasingly favoring a bearish move. For instance, the daily chart is reporting a failed breakout – BTC jumped 2.2 percent on Sept. 12, confirming a falling wedge breakout only to end up creating a bearish lower high above $10,400.

BTC still risks falling below $10,000 in the next day or two. Acceptance below the immediate support at $9,855 would bolster the bearish setup and expose $9,320 (Aug. 29 low).

On the higher side, a break above $10,956 is needed to revive the bullish outlook.
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  • #432
  • Sep 18, 2019 1:20pm Sep 18, 2019 1:20pm
In short atm!
Can you afford to take that chance?
  • #433
  • Sep 18, 2019 5:34pm Sep 18, 2019 5:34pm
I'm on the short bus too! Bunch bears up in here!
  • #434
  • Sep 18, 2019 10:24pm Sep 18, 2019 10:24pm
Quoting auricforecas
In short atm!
Quoting vanillaice
I'm on the short bus too! Bunch bears up in here!
Good call gentlemen, BTC just imploded. Looks like a big seller, because there's no news and altcoins didn't move as much.
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  • #435
  • Edited Sep 19, 2019 2:06am Sep 18, 2019 11:05pm | Edited Sep 19, 2019 2:06am
Quoting TudorIoan
{quote} What torch, buddy? - Crypto will only ever be a gamble not an investment. (volatility) - Crypto will only ever be a private medium of exchange. (a national fiat currency on blockchain at its most) edit: Love, Doge! - ...a fizzled mediocre revolution (because the manipulation from the Four Big Brothers ...those + 54%) - ...a mental disturbed small groups of anarchists sort of soul pet... But auricforecas emphasize it best, lotta US dollars are to be made as a stup is born every minute ...by selling the tops of bitcoin, as happened...
Sorry TMR (thread starter) if you dislike ...the truth edited
Here's a sample of reality, bitcoin plunge $500 within minutes ! That's what bitcoin does. Bam, just like this!
Right out of the blue!!! ...blue whale?
No news, no nothing!
That's whales making fiat money on stups !
How many times the poor naive believers have to get fkd like this to understand this Ponzi sort of scheme?!?
Member
  • #436
  • Sep 19, 2019 12:05am Sep 19, 2019 12:05am
Quoting auricforecas
In short atm!
OK, success
Can you afford to take that chance?
  • #437
  • Sep 19, 2019 1:36am Sep 19, 2019 1:36am
Bitcoin:

We are still inside the triangle despite the downmove last night.

Sixer
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  • #438
  • Edited 3:35am Sep 19, 2019 1:44am | Edited 3:35am
10,000 - a very important support was broken like it was nothing there!
It was a sell off

Massive sell orders makes bitcoin to look bad.
It's a proof of vulnerability to the Bitcoin-Market-Makers moods.
Member
  • #439
  • Sep 19, 2019 3:19am Sep 19, 2019 3:19am
Quoting auricforecas
{quote} OK, success
Nice trade!


Quoting TudorIoan
Massive sell orders makes bitcoin to look bad.
Not if you trade volatility.
Money = Labour coupons
  • #440
  • Sep 19, 2019 3:33am Sep 19, 2019 3:33am
Quoting TMR
{quote} Not if you trade volatility.
Exactly. This bit-coin is only good for speculations.
But it's funny how they pretend to go as a serious investment asset, ...not as a roulette gambling as it really is
Member
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