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Trading Bitcoin with Trend lines and S/R

  • #321
  • Nov 6, 2019 1:28am Nov 6, 2019 1:28am
Splendid bullish TL break on D1...

Question, what caused that bullish spike on Oct. 25 - 27 period?
No news in calendar ...none of those days!
It seems very important though, because it stopped the dead cat bounce!
What could that be??? no news... oh, ogre companies manipulation ? ...to save the cat ?

Great moooove, bullish now on D1 Trading Bitcoin with Trend lines and S/R
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  • #322
  • Nov 6, 2019 2:47am Nov 6, 2019 2:47am
Quoting TudorIoan
Question, what caused that bullish spike on Oct. 25 - 27 period? No news in calendar ...none of those days!
https://www.cryptocraft.com/news/957...pportunity-to?
Money = Labour coupons
  • #323
  • Nov 6, 2019 3:58am Nov 6, 2019 3:58am
Quoting TMR
{quote} https://www.cryptocraft.com/news/957...pportunity-to?
Geez, thanks! I forgot about Mr. Xi.
I mean I forgot about the crypto cult people's reaction, who imagine that China will support private blockchains, undermining its own power
Forex Factory fairly didn't mentioned it as red news ...because what is good for the DCEP is not good for crypto as well

So it must be a fake bully spike... let's see...
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  • #324
  • Nov 6, 2019 3:35pm Nov 6, 2019 3:35pm
Quoting YellowFellow
{quote} > What's your TP on the shorts? ---> Its based on time, a couple of weeks at least. > Do you have a SL in place? ---> see att.. I wish to add more shorts.. > I'm scared off of large positions for now. ---> Shit happens.. try to trade light, you'll get to sleep well.. Try Yoga, add Berries and nuts to your diet. {image}
Thanks for all the advice! I'm trading some smaller short positions hoping for short-term gains in the next couple weeks until I expect we see a large breakout.
  • #325
  • Nov 8, 2019 4:43am Nov 8, 2019 4:43am
Quoting vanillaice
{quote} Thanks for all the advice! I'm trading some smaller short positions hoping for short-term gains in the next couple weeks until I expect we see a large breakout.
Certainly not a bad day for BTC sellers.

The price must stabilize / consolidate below 9200 during next 24-72 hrs, if it can fall further, that would be good, in line with expectation.

I don't foresee the price bouncing back, yet, mitigated risk.
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Meditate -> Workout -> Good Food = Good Life!
  • #326
  • Nov 8, 2019 7:37am Nov 8, 2019 7:37am
Quoting YellowFellow
{quote} Certainly not a bad day for BTC sellers. The price must stabilize / consolidate below 9200 during next 24-72 hrs, if it can fall further, that would be good, in line with expectation. I don't foresee the price bouncing back, yet, mitigated risk. {image}
Applied +ve SL and gonna take some rest now..
Meditate -> Workout -> Good Food = Good Life!
  • #327
  • Nov 11, 2019 3:24pm Nov 11, 2019 3:24pm
Quoting YellowFellow
I don't foresee the price bouncing back, yet, mitigated risk. {image}
I think you're right about missing motivation to go long here. We're still right in the middle of a weekly consolidation range I have been tracking. That being said, I expect we will see a breakout in the next couple weeks. It is November after all... Isn't that the month we always go to the moon?
  • #328
  • Nov 11, 2019 8:37pm Nov 11, 2019 8:37pm
Quoting vanillaice
{quote} I think you're right about missing motivation to go long here. We're still right in the middle of a weekly consolidation range I have been tracking. That being said, I expect we will see a breakout in the next couple weeks. It is November after all... Isn't that the month we always go to the moon?
I took profit last night (NY session of 11th of Nov), that fixed all the losses of Nov-2019
Meditate -> Workout -> Good Food = Good Life!
  • #329
  • Nov 12, 2019 4:00pm Nov 12, 2019 4:00pm
Seeing a very slight bearish bias on the daily. No huge moves expected... by the market or be me
  • #330
  • Nov 12, 2019 5:15pm Nov 12, 2019 5:15pm
Quoting YellowFellow
{quote} I took profit last night (NY session of 11th of Nov), that fixed all the losses of Nov-2019
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  • #331
  • Nov 13, 2019 2:53pm Nov 13, 2019 2:53pm
Wow, have a double doji today. Where we headed?!
  • #332
  • Nov 14, 2019 3:28pm Nov 14, 2019 3:28pm
Pretty steady on the daily charts recently but some lower timframes suggest a bearish bias in the market. I hopped in a short-term trade hoping to ride to around 8500.
  • #333
  • Nov 14, 2019 8:51pm Nov 14, 2019 8:51pm
Quoting vanillaice
Pretty steady on the daily charts recently but some lower timframes suggest a bearish bias in the market. I hopped in a short-term trade hoping to ride to around 8500.
I'm of the view that BTC shall find a temp bottom by Monday, a small bounce on H4 would look nice next week.
Meditate -> Workout -> Good Food = Good Life!
  • #334
  • Edited 2:11am Nov 15, 2019 1:03am | Edited 2:11am
Same W1 pattern as The 2017 20K Fake Spike ...only much weaker for this year!
It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs
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  • #335
  • Nov 15, 2019 11:00am Nov 15, 2019 11:00am
Quoting YellowFellow
{quote} I'm of the view that BTC shall find a temp bottom by Monday, a small bounce on H4 would look nice next week.
I could definitely see that happening. I see us bouncing all around this 8500 level for a week or two and then some big movement. I'll try to get some swings in the meantime when we move away from that level.
  • #336
  • Nov 15, 2019 4:30pm Nov 15, 2019 4:30pm
Quoting TudorIoan
Same W1 pattern as The 2017 20K Fake Spike ...only much weaker for this year! It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs {image}
I wish TradingView had that clown nose and explosion image; it would be a total game-changer.
  • #337
  • Nov 15, 2019 10:03pm Nov 15, 2019 10:03pm
Quoting cryptocow
{quote} I wish TradingView had that clown nose and explosion image; it would be a total game-changer.
They should
It's very stimulating for speculators.
And makes the most of you broker's people happy ...and rich
It grows yo dopamine pumping and makes you love crypto and wanna have mooore, and mooore, and mooooore ...even when it's plunging
Just get yo' red nose and be happy
Member
  • #338
  • Nov 19, 2019 9:51am Nov 19, 2019 9:51am
Finally, seeing some support around 8,000 levels, would be more sure over the next 24 hrs..

If 8,000 level sustains, longs should be worth trying..
Meditate -> Workout -> Good Food = Good Life!
  • #339
  • Nov 19, 2019 10:03am Nov 19, 2019 10:03am
Quoting TudorIoan
Same W1 pattern as The 2017 20K Fake Spike ...only much weaker for this year! It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs {image}
Weeeeeeeeeee, 8,000, great support! Buy, buy, buy!
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  • #340
  • Nov 19, 2019 1:39pm Nov 19, 2019 1:39pm
Watching 8,000 like a hawk!! I expect it will bounce off but if it breaks we may be in for a ride.
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