BTCUSD daily price action | Page 32 | Crypto Craft

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BTCUSD daily price action

  • #621
  • Nov 3, 2019 4:38pm Nov 3, 2019 4:38pm
If the gap closes and all goes to plan, 10700 needs to break then 13000+, if the gap fails, the same scenario but always a magnet for the future, all speculative of course.
I don't need to be good at the game, only good enough to beat my opponent,
  • #622
  • Nov 4, 2019 7:18am Nov 4, 2019 7:18am
BTC: Price: $9,250 | MCAP: $166 Billion | 24-Hr Volume: $21.12 Billion

Short-term trend: Bullish

Technical charts are reporting bullish conditions. BTC repeated defense of the 200-day MA seen over the last few days indicates the pullback from recent highs near $10,350 has likely ended and prices could soon rise to $9,600 and higher.

The recent pullback from $10,350 to $9,000 was accompanied by a drop in volumes. A low-volume pullback is often reversed, meaning a rise all the way back to $10,350 cannot be ruled out.

The bullish case would weaken if prices find acceptance under the 200-day MA, currently at $9,108.

Long-term trend: Bullish
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  • #623
  • Edited 11:11am Nov 4, 2019 9:45am | Edited 11:11am
“Market cap created the perfect tool to attract newbies by artificially inflating the numbers. They mine 1 million coins they release a thousand in reality which they can buy for 10$ a piece. And suddenly that crapcoin has a 10 million market cap and noobs flock. And in one week time, most of them get fleeced.”

https://medium.com/blockchain-review...s-8deb78c50995

Stop lying the people!
Member
  • #624
  • Nov 4, 2019 12:30pm Nov 4, 2019 12:30pm
Quoting cityRat
Still glued to that pivot.. which resets over the weekend. Not sure what to do. It's Friday I might cut it loose...{image}
New week, new pivots... perhaps this week it'll stay glued to the new one:
Attached Image
  • #625
  • Nov 4, 2019 2:40pm Nov 4, 2019 2:40pm
Quoting TMR
BTC repeated defense of the 200-day MA seen over the last few days indicates the pullback from recent highs near $10,350 has likely ended and prices could soon rise to $9,600 and higher.
Nearly there:
Attached Image
  • #626
  • Nov 4, 2019 3:16pm Nov 4, 2019 3:16pm
Quoting Hasher
{quote} Nearly there: {image}
Just be mindfull of the gap when being long, I'm out as you know until it happens, it may take off in a big way but no regrets.
I don't need to be good at the game, only good enough to beat my opponent,
  • #627
  • Nov 4, 2019 3:40pm Nov 4, 2019 3:40pm
Quoting Hasher
{quote} Nearly there: {image}
What happened? Did another anonymous whale manipulate the market?!

  • #628
  • Nov 4, 2019 3:44pm Nov 4, 2019 3:44pm
Quoting TudorIoan
“Market cap created the perfect tool to attract newbies by artificially inflating the numbers. They mine 1 million coins they release a thousand in reality which they can buy for 10$ a piece. And suddenly that crapcoin has a 10 million market cap and noobs flock. And in one week time, most of them get fleeced.” https://medium.com/blockchain-review...s-8deb78c50995 Stop lying the people!
Market cap is not perfect, but the same can be said for things like GDP.

We do the best with the information we got.
  • #629
  • Nov 4, 2019 6:36pm Nov 4, 2019 6:36pm
Quoting cityRat
{quote} New week, new pivots... perhaps this week it'll stay glued to the new one:{image}
Not sure what PPs are used by Tradingview.
I got somewhat different numbers for weekly classic pivot points.
Attached Image (click to enlarge)
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  • #630
  • Nov 5, 2019 5:11am Nov 5, 2019 5:11am
Quoting yg10
{quote} Not sure what PPs are used by Tradingview. I got somewhat different numbers for weekly classic pivot points. {image}
I'm using the fib-based pivot points. It can be changed in the settings. I'll post a screen shot when I'm on my laptop.
  • #631
  • Nov 5, 2019 7:42am Nov 5, 2019 7:42am
Quoting cityRat
{quote} I'm using the fib-based pivot points. It can be changed in the settings. I'll post a screen shot when I'm on my laptop.
Here are my Pivot settings:
Attached Image

As you can see you can have one of 6 types of Pivots:
Attached Image
  • #632
  • Nov 5, 2019 12:43pm Nov 5, 2019 12:43pm
BTC: Price: $9,300 | MCAP: $167.97 Billion | 24-Hr Volume: $28.47 Billion

Short-term trend: Bullish

Bitcoin pulled back from highs above $9,500 to $9,200 during the Asian trading hours, keeping intact the resistance of the trendline connecting June 26 and Aug. 6 highs.

BTC has failed multiple times to penetrate the descending trendline over the last 11 days. It is too early to call a bearish reversal, as the 200-day MA support at $9,127 is intact.

A high-volume UTC close above $9,470 is needed to confirm an upside break of the falling trendline. That would imply a resumption of the bull market from lows near $4,100 seen at the beginning of April and open the doors for a re-test of the 2019 high of $13,880.

Acceptance below the 200-day MA would weaken the immediate bullish. The resulting sell-off to $8,500 will likely be transient.

The bearish case looks unlikely due to the fact that the drop from $9,500 to $9,200 lacked volume support. Low-volume pullbacks are usually reversed.

Long-term trend: Bullish
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  • #633
  • Nov 5, 2019 4:20pm Nov 5, 2019 4:20pm
Daily PA has been consolidating since that last breakout on Oct 26. I think with a very slight bearish bias but sticking right around 9300 for now. I feel a big move coming later this month so I'm keeping positions tight!
  • #634
  • Nov 5, 2019 4:32pm Nov 5, 2019 4:32pm
Quoting vanillaice
Daily PA has been consolidating since that last breakout on Oct 26. I think with a very slight bearish bias but sticking right around 9300 for now. I feel a big move coming later this month so I'm keeping positions tight!
Within 6-700 points of the gap, it would be typical to close the gap Friday of all days for me not wanting to hold over the weekend, indicators pointing south, the line holding well,just looking for a spike, still have the buy order in place.
I don't need to be good at the game, only good enough to beat my opponent,
  • #635
  • Nov 5, 2019 7:45pm Nov 5, 2019 7:45pm
Quoting cityRat
{quote} Here are my Pivot settings:{image} As you can see you can have one of 6 types of Pivots:{image}
Thanks. I still prefer traditional PP and I use MT4. But I am looking at TradingView with an interest because of its open API.
  • #636
  • Nov 6, 2019 3:31am Nov 6, 2019 3:31am
Tough resistance at 9400 right now.
Money = Labour coupons
  • #637
  • Nov 6, 2019 5:57am Nov 6, 2019 5:57am
Quoting yg10
{quote} Thanks. I still prefer traditional PP and I use MT4. But I am looking at TradingView with an interest because of its open API.
I'm forced to use TradingView because my broker is Bitfinex, and that's all they offer. I don't think I can trade crypto CFDs as an American. I've gotten used to the platform though. It's not horrible but it has its quirks.

Regarding the PPs, I came to like these after some trial and error. I guess it's a matter of preference.
  • #638
  • Nov 6, 2019 10:42am Nov 6, 2019 10:42am
BTC: Price: $9,330 | MCAP: $168.72 Billion | 24-Hr Volume: $24.31 Billion

Short-term trend: Bullish

BTC is consolidating in a contracting range above the $9,200 support. The last swing high was near $9,435 and the last swing low was near $9,278.

The price is currently moving higher above the $9,300 level. Moreover, there was a break above the 23.6% Fib retracement level of the recent decline from the $9,435 high to $9,278 low.

Immediate resistance is near the $9,375 and $9,400 levels with major support levels – $9,280 followed by $9,200.

Low volume for the bears as price stagnates.

Long-term trend: Bullish
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  • #639
  • Nov 7, 2019 7:25am Nov 7, 2019 7:25am
BTC: Price: $9,150 | MCAP: $166.14 Billion | 24-Hr Volume: $22.77 Billion

Short-term trend: Cautiously Bullish

BTC's repeated rejection at a four-month descending trendline observed over the last few days indicates the bullish sentiment generated by recent rally from $7,500 to $10,350 has weakened.

The upper shadow of the monthly candle is representing rejection above the descending 5-month moving average. A failure to hold above descending averages usually translates into a notable price drop.

BTC risks falling to immediate support at $8,800. A violation there would expose $8,500. Monthly chart indicates a major support is directly located near $8,000.

The down trend would weaken above $9,500.

Long-term trend: Bullish
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  • #640
  • Nov 7, 2019 1:54pm Nov 7, 2019 1:54pm
The 4hr chart dictates the price down (only as I see it) however the price is still elevated, still looking for the spike down, if it happens, typical that it would trigger my buy price on Friday.
I don't need to be good at the game, only good enough to beat my opponent,
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