BTCUSD daily price action | Page 28 | Crypto Craft

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BTCUSD daily price action

  • #541
  • Oct 23, 2019 7:55am Oct 23, 2019 7:55am

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  • #542
  • Oct 23, 2019 8:06am Oct 23, 2019 8:06am
Quoting cityRat
{image}
Buckle your seat belts fellas. Weak of heart, feel free to exit.
Money = Labour coupons
  • #543
  • Oct 23, 2019 8:24am Oct 23, 2019 8:24am
...and the 7500 magnificent support doesn't seem to respond
No crypto whale wants to be left behind!
sell, sell, sell!
Member
  • #544
  • Oct 23, 2019 8:30am Oct 23, 2019 8:30am
Still looking for a bottom confirmation sub 7500.
Money = Labour coupons
  • #545
  • Oct 23, 2019 11:25am Oct 23, 2019 11:25am
BTC: Price: $7,500 | MCAP: $135.68 Billion | 24-Hr Volume: $19.86 Billion

Short-term trend: Bearish

Bitcoin's low volatility consolidation has ended with a fall to $7,500, the lowest level since June.

The range breakdown indicates the sell-off from September's high above $10,000 has resumed and the cryptocurrency could slide further to $7,200.

The 50-day and 200-day averages are set to produce a "death cross" – a bearish indicator – which has trapped sellers on the wrong side of the market in the past. Sellers need to observe caution as a lagging indicator is about to turn bearish for the first time in over a year.

BTC had bottomed out near $220 with the confirmation of the death cross in mid-September 2015. Notably, the bear trap was formed 11 months ahead of the August 2016 mining reward halving – a price-bullish event. Interestingly, the latest death cross is happening six months ahead of the reward halving and could mark a bottom in BTC.

BTC may bottom out with the confirmation of the bearish crossover, which is set to happen in the next couple of days.

Long-term trend: Neutral
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Money = Labour coupons
  • #546
  • Oct 23, 2019 3:02pm Oct 23, 2019 3:02pm
Hello all, haven't read from the start so make my apologies, I'm keen on bit coin and bought in at 7523.80, I was expecting it to go lower but the 4hr threw some good volume/activity up so made my play, I was expecting an entry at 5000 but feel it may not go that low, that said, the kiss of death, the thought of the fed cutting will only make this more lucrative, markets are calling for easing so hope this will make good cause to be a buyer, nice to meet you all, Detector
I don't need to be good at the game, only good enough to beat my opponent,
  • #547
  • Oct 23, 2019 3:59pm Oct 23, 2019 3:59pm
Caught up, all read, sorry you all had to follow this down, seems your enthusiasm is something I share, anyhow, will go back under my stone, hope you reap some rewards for your patience, 4rh volume/activity on present bar is creeping up, I would hope this is positive, you never can tell, spike averaging more than the usual over the last few days, previous bar printed volume/activity akin in around 9 Oct that gave cause to rise, good trading, Detector.
I don't need to be good at the game, only good enough to beat my opponent,
  • #548
  • Oct 23, 2019 5:05pm Oct 23, 2019 5:05pm
Quoting detector
Caught up, all read, sorry you all had to follow this down, seems your enthusiasm is something I share, anyhow, will go back under my stone, hope you reap some rewards for your patience, 4rh volume/activity on present bar is creeping up, I would hope this is positive, you never can tell, spike averaging more than the usual over the last few days, previous bar printed volume/activity akin in around 9 Oct that gave cause to rise, good trading, Detector.
Wasn't a total surprise, doesn't mean I like it though
  • #549
  • Oct 23, 2019 5:31pm Oct 23, 2019 5:31pm
Quoting Hasher
{quote} Wasn't a total surprise, doesn't mean I like it though
Thanks Hasher, reading from the posts it looks like there wasn't too much damage, you all seem switched on for charting, I'm sitting on a loss ATM as you can see from my entry (+spread) and may not be right, its all a little speculative, I see this on the weekly as still up but made a pullback, I'm not the best analyst, just say or trade what I see, would like to see me right though LOL, always of the opinion the long side holds more value and limited risk, but of course could be wrong, anyhow, hope it all goes well, will do as I said and hibernate, thanks for the like's.
I don't need to be good at the game, only good enough to beat my opponent,
  • #550
  • Oct 24, 2019 1:23am Oct 24, 2019 1:23am
#BTCUSD / H4
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  • #551
  • Edited 2:25pm Oct 24, 2019 5:47am | Edited 2:25pm
#BTC/USD daily

The 9000 - 7500 support zone got stabbed twice.
Daily close below 7500.

BAM, -47% ! ...in 119 days!

That could trigger more and more long stops ...even more liquidation bitcoinpositions cashing USDollar real cold cash...

They love bitcoin, ...but no player wants to be left behind.

Why the ambition to lose money on a falling asset after all?!?
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Member
  • #552
  • Oct 24, 2019 8:41am Oct 24, 2019 8:41am
BTC: Price: $7,500 | MCAP: $135 Billion | 24-Hr Volume: $20.51 Billion

Short-term trend: Bearish

Bitcoin fell more than 6 percent on Wednesday, confirming a downside break of the recent trading range of $7,800-$8,500. The range breakdown was backed by an uptick in trading volumes to the highest level since Sept. 26 and indicates the sell-off from the highs above $10,000 seen on Sept. 23 has resumed.

BTC risks falling to $7,200 – the support of the three-day chart 100-period moving average. A violation there would expose the 200-period MA at $7,000.

It is worth noting that bitcoin's hash rate or computing power has jumped to a fresh record high of 114.3 EH/s despite the price drop. Many observers believe the hash rate's rise indicates miners are anticipating higher Bitcoin prices in the future and the sell-off seen in the last 24 hours could be bear trap.

Death cross confirmation likely in the next 48 hours.

Long-term trend: Neutral
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Money = Labour coupons
  • #553
  • Oct 24, 2019 12:47pm Oct 24, 2019 12:47pm
Quoting Hasher
{quote} Wasn't a total surprise, doesn't mean I like it though
Why is everybody always insist it wasn't a surprise ...hindsight!
Member
  • #554
  • Oct 24, 2019 1:52pm Oct 24, 2019 1:52pm
Quoting TudorIoan
#BTC/USD daily The 9000 - 7500 support zone got stabbed twice. Daily close below 7500. BAM, -47% ! ...in 119 days! That could trigger more and more long stops ...even more liquidation positions for USDollar real cold cash... They love bitcoin, ...but no player wants to be left behind. Why the ambition to lose money on a falling asset ?!? {image}
Good luck.
I don't need to be good at the game, only good enough to beat my opponent,
  • #555
  • Oct 24, 2019 2:25pm Oct 24, 2019 2:25pm
Quoting TudorIoan
{quote} Why is everybody always insist it wasn't a surprise ...hindsight!
C'mon Tudor, I even suspected so right before it happened: https://www.cryptocraft.com/showthre...5#post12575905

Don't hate bro!!
  • #556
  • Oct 24, 2019 2:30pm Oct 24, 2019 2:30pm
Quoting Hasher
{quote} C'mon Tudor, I even suspected so right before it happened: https://www.cryptocraft.com/showthre...5#post12575905 Don't hate bro!!
Just kidding, bro! No harm, no hate intended!
Yes, you did suspected before it happened.
Member
  • #557
  • Oct 24, 2019 5:34pm Oct 24, 2019 5:34pm
Quoting TudorIoan
{quote} Just kidding, bro! No harm, no hate intended! Yes, you did suspected before it happened.
Haha all good then man

You got any short action going?
  • #558
  • Oct 25, 2019 12:06am Oct 25, 2019 12:06am
Quoting Hasher
{quote} Haha all good then man You got any short action going?
Short? Always!
Member
  • #559
  • Oct 25, 2019 3:39am Oct 25, 2019 3:39am
Quoting TudorIoan
{quote} Short? Always!
Quoting TudorIoan
Now I'm holding a couple of US cold hard Benjies in bitcoin forever. I'll hold them even bitcoin will crash at $1
Money = Labour coupons
  • #560
  • Oct 25, 2019 4:10am Oct 25, 2019 4:10am
Quoting TMR
{quote} {quote}
Yes, I'm holding in my wallet a couple US cold hard Benjies in bitcoin forever... just in case bitcoin will hit 1M (McAfee)
I keep short positions for my trading. I use to short the tops countertrend.

Ok, not absolutely "always"
Member
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