BTCUSD daily price action | Page 40 | Crypto Craft

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BTCUSD daily price action

  • #781
  • Dec 3, 2019 12:30pm Dec 3, 2019 12:30pm
BTC: Price: $7,300 | Market cap: $132.25 Billion | 24-Hr Volume: $15.40 Billion

Short-trend: Bullish

BTC remains bullish short-term with long wicks attached to the previous two daily candles signaling a rejection of lower prices or lack of conviction among sellers.

The daily chart MACD histogram has crossed above zero, confirming a short-term bullish reversal. The bullish hammer reversal pattern confirmed on the three-day chart last week is also valid with prices holding well above $6,847.

Bitcoin looks set to retest a falling trendline support at $7,600. A violation there would expose the recent high of $7,870. A break below $6,847 would weaken the bullish case.

Long-term trend: Neutral

Bitcoin has found acceptance below the 50-week MA – a cause of concern for the bulls. Historically, the cryptocurrency has suffered deeper losses after falling below the key average.
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Money = Labour coupons
  • #782
  • Dec 3, 2019 4:31pm Dec 3, 2019 4:31pm
Quoting detector
{quote} 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
Definitely appreciate that wisdom! Any moves I am discussing here are kept pretty small, particularly on the short side! I'm always trying to live to see another day. That is separate from my LT crypto sentiment, where I plan on retiring with a lambo yesterday
  • #783
  • Dec 3, 2019 5:43pm Dec 3, 2019 5:43pm
Quoting detector
{quote} CC, it's ETX, data on mt4, seems accurate enough with little or no holes in it, 78 bars back on the 30 min the price gapped, there was a wick down but it needs to be the body of the candle not the high/low, if you can clarify that would be great, D
This isn't MT4, but is this the data you are looking at?

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  • #784
  • Dec 4, 2019 12:51am Dec 4, 2019 12:51am
CC 30 min chart with date and time, D
Attached Image
I don't need to be good at the game, only good enough to beat my opponent,
  • #785
  • Dec 4, 2019 7:34am Dec 4, 2019 7:34am
Inserted Video

Finally some action! Let it continue now and reach 8k which is way overdue
7490 rn
  • #786
  • Dec 4, 2019 11:24am Dec 4, 2019 11:24am
BTC Price: $7,500 | Market cap: $136 million | 24-Hr Volume: $18 million

Short-trend: Bullish

BTC's low-volume pullback from the Nov. 29 high of $7,870 to the low of $7,087 seen earlier today has ended with a strong bullish move, as expected.

Bitcoin is currently trading at $7,500, having hit a daily high near $7,770.

BTC has established a high low near $7,100 on the daily chart, validating the bullish hammer reversal pattern confirmed on the three-day chart last week.

A close above $7,870 would invalidate lower highs setup and further strengthen the short-term bullish bias.

The bullish case would be invalidated below $7,087.

Long-term trend: Neutral
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  • #787
  • Dec 4, 2019 2:33pm Dec 4, 2019 2:33pm
Price has made a stellar recovery from this morning, 8K is the next target as is 9K then 13K if the chart is to be believed, sellers at the spike but look to becoming a possible minority, any buyers will be holding for the golden handshake, only my opinion.
I don't need to be good at the game, only good enough to beat my opponent,
  • #788
  • Dec 4, 2019 2:59pm Dec 4, 2019 2:59pm
Quoting detector
Price has made a stellar recovery from this morning, 8K is the next target as is 9K then 13K if the chart is to be believed, sellers at the spike but look to becoming a possible minority, any buyers will be holding for the golden handshake, only my opinion.
I going to stop posting could be a bear trap, face it, bulls have walked enough of them.
I don't need to be good at the game, only good enough to beat my opponent,
  • #789
  • Dec 4, 2019 3:12pm Dec 4, 2019 3:12pm
Quoting detector
{quote} I going to stop posting could be a bear trap, face it, bulls have walked enough of them.
LOL maybe I need a signal that tells me when you post, then I trigger massive short positions. Really though, it has been a crazy day... Volatility, is that you my old friend?!

We're back where we started the day essentially but it seems like a more serious move is pending.
  • #790
  • Dec 4, 2019 3:21pm Dec 4, 2019 3:21pm
Quoting vanillaice
{quote} LOL maybe I need a signal that tells me when you post, then I trigger massive short positions. Really though, it has been a crazy day... Volatility, is that you my old friend?! We're back where we started the day essentially but it seems like a more serious move is pending.
Think you have a valid point V, and yeah, was here this morning too and a blink of an eye, blue all over, it could be opposite day today and I never got the memo, new Sponge Bob movie out soon, will be going to watch it with my little one to get some inspiration, jellylellylelly fields,
I don't need to be good at the game, only good enough to beat my opponent,
  • #791
  • Dec 4, 2019 3:26pm Dec 4, 2019 3:26pm
Sorry, I abandoned ship, it's not for me, closed and not coming back, Sponge bob movie or not, good luck again, Detector
I don't need to be good at the game, only good enough to beat my opponent,
  • #792
  • Dec 4, 2019 3:29pm Dec 4, 2019 3:29pm
Quoting detector
Sorry, I abandoned ship, it's not for me, closed and not coming back, Sponge bob movie or not, good luck again, Detector
Even removed the chart from my monitor you won't forget me when your billionaires will you now, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #793
  • Dec 4, 2019 3:45pm Dec 4, 2019 3:45pm
My take is that it's trying to hammer a base to rally from soon, though a daily close below 7080 would strongly undermine this view. Bullish until then.
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Timing Direction Strength
  • #794
  • Dec 4, 2019 4:41pm Dec 4, 2019 4:41pm
Quoting detector
{quote} Even removed the chart from my monitor you won't forget me when your billionaires will you now, D
I'll send you a few hundred doge my friend
  • #795
  • Dec 4, 2019 5:17pm Dec 4, 2019 5:17pm
Quoting detector
CC 30 min chart with date and time, D {image}
I'm not seeing that in the EXT web chart. Odd.
  • #796
  • Dec 4, 2019 5:21pm Dec 4, 2019 5:21pm
Quoting Hasher
{quote} I'll send you a few hundred doge my friend
I'll take one billion DOGE plz.
  • #797
  • Dec 5, 2019 7:32am Dec 5, 2019 7:32am
I'd like to see a move above $7,800 before confirming bulls are in control.
Money = Labour coupons
  • #798
  • Dec 5, 2019 9:24am Dec 5, 2019 9:24am
Quoting cryptocow
{quote} I'll take one billion DOGE plz.
Only if you promise not to keep them in your KeepKey!
  • #799
  • Dec 5, 2019 12:08pm Dec 5, 2019 12:08pm
BTC: Price: $7,440 | Market cap: $135 Billion | 24-Hr Volume: $23 Billion

Short-trend: Bullish

BTC faced strong resistance at $7,800 on Wednesday and ended up forming an inverted hammer. The candlestick pattern has neutralized the immediate bullish view.

While it is widely considered a a bearish signal, traders usually wait for confirmation in the form of strong follow-through, preferably a convincing move below the low of the candle.

A close above $7,870 is needed to invalidate lower highs setup and confirm a short-term bullish reversal.

Long-term trend: Neutral
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  • #800
  • Dec 5, 2019 1:59pm Dec 5, 2019 1:59pm
Quoting TMR
BTC: Price: $7,440 | Market cap: $135 Billion | 24-Hr Volume: $23 Billion Short-trend: Bullish BTC faced strong resistance at $7,800 on Wednesday and ended up forming an inverted hammer. The candlestick pattern has neutralized the immediate bullish view. While it is widely considered a a bearish signal, traders usually wait for confirmation in the form of strong follow-through, preferably a convincing move below the low of the candle. A close above $7,870 is needed to invalidate lower highs setup and confirm a short-term bullish reversal. Long-term...
No strong follow-through in any direction! Valient effort by some rogue actors either way but BTC is stuck in that range right now.
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