BTCUSD daily price action | Page 39 | Crypto Craft

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BTCUSD daily price action

  • #761
  • Nov 29, 2019 3:19am Nov 29, 2019 3:19am
Quoting TMR
Please post in different thread Tudor. I asked you respectful via PM already.
Why? What's wrong? I never lie about bitcoin.
And the Forex Factory charts are accurate.
If the real purpose of this thread is to share members' view about bitcoin, I see nothing wrong with my views.
Member
  • #762
  • Nov 29, 2019 9:05am Nov 29, 2019 9:05am
Quoting Lekkim
{quote} I believe 8k will be reached before the weekend, still a huge gap between client-volume and price
7,8k hit! - Come on BTC hit that 8k mark, baby
  • #763
  • Nov 29, 2019 9:14am Nov 29, 2019 9:14am
Shorts are getting liquidated.
Money = Labour coupons
  • #764
  • Nov 29, 2019 9:14am Nov 29, 2019 9:14am
Quoting Lekkim
{quote} 7,8k hit! - Come on BTC hit that 8k mark, baby
Gotta wait for cyber monday deals to pass first.
  • #765
  • Nov 29, 2019 10:22am Nov 29, 2019 10:22am
Quoting Lekkim
{quote} 7,8k hit! - Come on BTC hit that 8k mark, baby
I might have jinxed it lol
  • #766
  • Nov 29, 2019 10:42am Nov 29, 2019 10:42am
This morning I’ve marked in Telegram channel that:

1) We have the weakness above 7600 and
2) Potential Hidden strength here.

Why this (2) bar could be interpreted as Strong? Because it has EXTRA_HIGH volume. When you see down-bar with higher-than-average volume - this is a sign of weakness, as it contains a Selling Pressure. But EXTRA-HIGH volume (2-5 times higher than average) - it is a mark of activity of professional money. What is important also - this bar penetrated the previous minor lows but rejected to develop further decline within next bars.

3) Instead of developing a decline we got this DB. It confirms the hidden strength within bar (2).
4) No Supply
5) Demand Bar.
6) NS wave. You see, market is telling you - I am feeling good (bullish).
7)This is a manipulated bar. Stop-Loss killing under 7450 level (minor low) before trying to overcome 7650 recent highs.
8) DB.
9)Price hit a major trend line. We should expect a stalling of the bullish pace. While price is holding above 7700 - we should interpret the current short-term #BTC chart from the bullish position.

Follow my thread
Attached Image (click to enlarge)
Click to Enlarge Name: VQvFFet.png Size: 152 KB
Oleg Alexandrov, market analyst. Find me in Google
  • #767
  • Nov 29, 2019 1:29pm Nov 29, 2019 1:29pm
BTC: Price: $7,800 | Market cap: $140 Billion | 24-Hr Volume: $20 Billion

Trend: Bullish

BTC has jumped to $7,800, validating the inverse head-and-shoulders breakout confirmed yesterday.

The hourly moving averages are also indicating the path of least resistance is to the higher side. Notably, the 50- and 200-hour moving averages have produced a golden crossover.

Bitcoin appears on track to test the psychological hurdle at $8,000 and looks set to close above $7,380 today. That would validate the hammer candle created in the three days to Nov. 26 and confirm a bullish reversal on the three-day chart.

On the downside, $6,515 is the level to beat for sellers.

Long-term trend: Neutral
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed (2).png Size: 74 KB
Money = Labour coupons
  • #768
  • Dec 1, 2019 11:58am Dec 1, 2019 11:58am
Pretty decent forecast on BTC last week with the tug-of-war method.
Still looking bullish

I attached a chart of BTC this year (2019) with volume and price comparison (looking bullish also)
(Keep in mind, that crypto generally is crowded with retail bulls, however, divergence still beyond)
Attached Image (click to enlarge)
Click to Enlarge Name: btc2019.PNG Size: 15 KB
  • #769
  • Dec 1, 2019 1:30pm Dec 1, 2019 1:30pm
Inserted Video
Laugh before new week kick-off hehe
Inserted Video
  • #770
  • Dec 1, 2019 11:44pm Dec 1, 2019 11:44pm
Weekend drop pshhh
Bold retails continue buying
Attached Image (click to enlarge)
Click to Enlarge Name: btc2dec.PNG Size: 13 KB
  • #771
  • Dec 2, 2019 12:24am Dec 2, 2019 12:24am
Quoting Lekkim
Weekend drop pshhh Bold retails continue buying {image}
Crazy this continues
Volume up, price down -3,80%
So low liquidity
  • #772
  • Dec 2, 2019 4:53am Dec 2, 2019 4:53am
Quoting olegchartist
We should expect a stalling of the bullish pace. While price is holding above 7700 - we should interpret the current short-term #BTC chart from the bullish position. {image}
Don't miss this BTCUSD market update from me. Thanks for following.
Oleg Alexandrov, market analyst. Find me in Google
  • #773
  • Dec 2, 2019 9:39am Dec 2, 2019 9:39am
BTC: Price: $7,300 | Market cap: $131.8 Billion | 24-Hr Volume: $17.62 Billion

Trend: Cautiously Bullish

BTC has pulled back over the last 48 hours from the high of $7,870 recorded on Friday but is holding well above support near $6,850 keeping the short-term bullish bias intact.

The price is currently trading below the $7,400 support and the 100 hourly simple moving average.

A re-test of the resistance at $7,800 could be in the offing in the short-term. The bullish case would weaken if prices drop below $6,850.

If there is a further downside break below the $7,200 support area, the price could revisit the $7,000 support area.

Long-term trend: Neutral
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed (2).png Size: 87 KB
Money = Labour coupons
  • #774
  • Dec 2, 2019 12:00pm Dec 2, 2019 12:00pm
Hello all, the chart has a possible fall to 6650, not what I want for you all but think this is still a buy, seems the gap was only on my chart and at this level too, now it's only a guide as to what I have said, however, if it does come down to this level I will buy, the gap could be validated although it wasn'treally there in the first place, be vigilant all and hope it goes well.
I don't need to be good at the game, only good enough to beat my opponent,
  • #775
  • Dec 2, 2019 3:56pm Dec 2, 2019 3:56pm
We're now stuck bouncing between 7k-8k. Seems bears may drag us down toward 7 but I don't see us breaking it. I'll likely buy anything that gets to the low end of that range for a short-term bounce.
  • #776
  • Dec 2, 2019 4:14pm Dec 2, 2019 4:14pm
Quoting vanillaice
We're now stuck bouncing between 7k-8k. Seems bears may drag us down toward 7 but I don't see us breaking it. I'll likely buy anything that gets to the low end of that range for a short-term bounce.
Thinking where the value could be, would not consider selling has much, other than from the higher levels, which has been done, as the price declines the risk becomes greater, but you all know that, the rate this takes off you would be taking a huge gamble to be short, only my opinion, think a spike would be more fitting, the market likes buying low and selling high too, good trading, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #777
  • Dec 2, 2019 5:59pm Dec 2, 2019 5:59pm
Opened buy, 7341, looking into the chart the daily has hit the outer boundaries 7 bars ago, considering I'm looking for gaps, there has been a gap from open Sunday, it's a good as any confirmation for me to enter now as the price has lowered a little, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #778
  • Dec 3, 2019 3:34am Dec 3, 2019 3:34am
Quoting detector
Opened buy, 7341, looking into the chart the daily has hit the outer boundaries 7 bars ago, considering I'm looking for gaps, there has been a gap from open Sunday, it's a good as any confirmation for me to enter now as the price has lowered a little, D
I'd like to see more volume before buying. I'm currently on the sideline.
Money = Labour coupons
  • #779
  • Dec 3, 2019 10:18am Dec 3, 2019 10:18am
Buy it while it's cheap
The same pattern today on BTC as last many days
Retails are buying excessively more than the price appears
  • #780
  • Dec 3, 2019 10:54am Dec 3, 2019 10:54am
Quoting TMR
{quote} I'd like to see more volume before buying. I'm currently on the sideline.
T, seems the level is holding to +ve, was actually surprised this went into profit quite early then dropped back, certainly within my spread purchase now, could it be the sellers are now evaluating the risk, or limited, D
I don't need to be good at the game, only good enough to beat my opponent,
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