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Trading Bitcoin with Trend lines and S/R

  • #121
  • Sep 21, 2019 10:03pm Sep 21, 2019 10:03pm
Quoting CryptonBlood
{quote} BOOM! Take it to the bank! It never get's old... well done!
It was a very very BAD idea to not take profit from longs.. losing floating profit is a pain..
Meditate -> Workout -> Good Food = Good Life!
  • #122
  • Sep 21, 2019 11:35pm Sep 21, 2019 11:35pm
Quoting CryptonBlood
{quote} I'm with you on this statement
Same here....
Got my eye on that 9727 handle......
4&1 All Time Profit: $37,496
  • #123
  • Sep 22, 2019 10:51pm Sep 22, 2019 10:51pm
Quoting YellowFellow
{quote} I just went short.. never too late :-)
Sold BTC, Getting all the positive vibes.. doesn't look like a bad decision atm.
Meditate -> Workout -> Good Food = Good Life!
  • #124
  • Sep 23, 2019 1:25am Sep 23, 2019 1:25am
This Bakkt launch is putting a number on the supports! I'll be watching $9800, before I consider any moves! GL!
The Bigger the Boob, The More Buckles on it's Bra
  • #125
  • Sep 23, 2019 1:35am Sep 23, 2019 1:35am
Quoting CryptonBlood
This Bakkt launch is putting a number on the supports! I'll be watching $9800, before I consider any moves! GL!
Right now my view is short. I would review my opinion by/around NY morning.. looks like it would be a happening Monday for BTC..

Mondays and Fridays are always tough for me.. hope I can tread safely..
Meditate -> Workout -> Good Food = Good Life!
  • #126
  • Sep 23, 2019 1:39am Sep 23, 2019 1:39am
IF price can stay below SMA-13 and/or 10,044 I would like to keep my view bearish..

NY mornings are always enlightening, would review the situation then..
Attached Image (click to enlarge)
Click to Enlarge Name: btc.png Size: 38 KB
Meditate -> Workout -> Good Food = Good Life!
  • #127
  • Sep 23, 2019 5:34am Sep 23, 2019 5:34am
#BTCUSD

Not a descending wedge, nor a symmetrical triangle - Just an extended down channel.

Bullish momentum above $11k and added selling pressure below the $9k.
Attached Image (click to enlarge)
Click to Enlarge Name: XBTUSD Daily.png Size: 58 KB
  • #128
  • Sep 23, 2019 10:04am Sep 23, 2019 10:04am
Anyone watching the spike that just occurred? Such volatility really shakes the confidence.. good part: risk is calculated.. further mitigated slightly..
Meditate -> Workout -> Good Food = Good Life!
  • #129
  • Sep 23, 2019 11:10am Sep 23, 2019 11:10am
Quoting YellowFellow
Anyone watching the spike that just occurred? Such volatility really shakes the confidence.. good part: risk is calculated.. further mitigated slightly..
I missed it myself, if we dip into 9,700 territory I'll start a new long position though
  • #130
  • Sep 23, 2019 11:47am Sep 23, 2019 11:47am
What is the minimum price for BTC so that miners can survive?

IF miners can't pay bills and IF they disappear, BTC would become extinct eventually IMHO.
Meditate -> Workout -> Good Food = Good Life!
  • #131
  • Sep 23, 2019 12:56pm Sep 23, 2019 12:56pm
Quoting Hasher
{quote} I missed it myself, if we dip into 9,700 territory I'll start a new long position though
I agree that this looks like a good place to buy

Quoting YellowFellow
What is the minimum price for BTC so that miners can survive? IF miners can't pay bills and IF they disappear, BTC would become extinct eventually IMHO.
$8600 via a Morgan Stanley research study last year...
The Bigger the Boob, The More Buckles on it's Bra
  • #132
  • Sep 23, 2019 1:01pm Sep 23, 2019 1:01pm
Quoting CryptonBlood
{quote} I agree that this looks like a good place to buy {quote} $8600 via a Morgan Stanley research study last year...
I'll be holding my shorts..

BTC is a threat to US $ IMO. Its least likely that a US based exchange (like CME) would let it prosper.
Meditate -> Workout -> Good Food = Good Life!
  • #133
  • Sep 23, 2019 1:07pm Sep 23, 2019 1:07pm
Quoting YellowFellow
What is the minimum price for BTC so that miners can survive? IF miners can't pay bills and IF they disappear, BTC would become extinct eventually IMHO.
It would balance out though if that happened, miners would leave the network but that also reduces mining difficulty which reduces costs.
  • #134
  • Sep 23, 2019 2:24pm Sep 23, 2019 2:24pm
Even with these large intraday moves, we are still well within this consolidation I've been keeping an eye on:

I still think this thing is poised to blow when we finally see an end to this triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #135
  • Sep 23, 2019 3:32pm Sep 23, 2019 3:32pm
BTC is consolidating and has been bouncing off of around 9780 the past few hours.
Attached Image (click to enlarge)
Click to Enlarge Name: btc.jpg Size: 71 KB
The Bigger the Boob, The More Buckles on it's Bra
  • #136
  • Sep 23, 2019 8:45pm Sep 23, 2019 8:45pm
Quoting YellowFellow
{quote} It was a very very BAD idea to not take profit from longs.. losing floating profit is a pain..
Quoting YellowFellow
{quote} Sold BTC, Getting all the positive vibes.. doesn't look like a bad decision atm.
I don't know how I missed this post and mini-struggle! LOL! Awesome!

Quoting CryptonBlood
BTC is consolidating and has been bouncing off of around 9780 the past few hours. {image}
9780 is the new resistance..

This week is a different beast of a week apparently! She licked 9600 new support around 9650.
The Bigger the Boob, The More Buckles on it's Bra
  • #137
  • Sep 23, 2019 10:42pm Sep 23, 2019 10:42pm
Quoting CryptonBlood
BTC is consolidating and has been bouncing off of around 9780 the past few hours. {image}
I just took profit.. our team closed all the shorts we have had..
Meditate -> Workout -> Good Food = Good Life!
  • #138
  • Sep 23, 2019 10:43pm Sep 23, 2019 10:43pm
Quoting CryptonBlood
{quote} {quote} I don't know how I missed this post and mini-struggle! LOL! Awesome! {quote} 9780 is the new resistance.. This week is a different beast of a week apparently! She licked 9600 new support around 9650.
By late London morning, things should be more clear..

Early signs indicate, certain support at current levels..
Meditate -> Workout -> Good Food = Good Life!
  • #139
  • Sep 23, 2019 11:27pm Sep 23, 2019 11:27pm
Just initiated a long.. these pin-bars are too big to ignore..
Attached Image (click to enlarge)
Click to Enlarge Name: btc.png Size: 45 KB
Meditate -> Workout -> Good Food = Good Life!
  • #140
  • Sep 24, 2019 5:58am Sep 24, 2019 5:58am
Quoting YellowFellow
Just initiated a long.. these pin-bars are too big to ignore.. {image}
Got cold feet and closed it..
Meditate -> Workout -> Good Food = Good Life!
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