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Bitcoin technical analysis

  • #6,761
  • Feb 10, 2020 4:18pm Feb 10, 2020 4:18pm
Quoting TudorIoan
{quote} Damn, bitcoin lost vigor ! Where's ma 15K ??? ..........
Bitcoin took a lot of vitamins this weekend so it did a super jump producing a gap of 279 pips at the open. Unfortunately the effects of the vitamins wore off throughout the day so it ended the day only 124 pips up. I wonder if Bitcoin will take more vitamins this week to get a lot more vigor to reach your target of 15K
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  • #6,762
  • Edited 2:49am Feb 11, 2020 2:34am | Edited 2:49am
Quoting Hutch
{quote} Bitcoin took a lot of vitamins this weekend so it did a super jump producing a gap of 279 pips at the open. Unfortunately the effects of the vitamins wore off throughout the day so it ended the day only 124 pips up. I wonder if Bitcoin will take more vitamins this week to get a lot more vigor to reach your target of 15K {image}
Oh yeah, dammit ! Not even that old resistance on daily !!
I'm suffering hard...

But there is hope, look, big SMILE on chart !
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  • #6,763
  • Feb 11, 2020 5:26am Feb 11, 2020 5:26am
One of my daily trade ideas I would like to see: Spike up, Sell off
Based off a possible 1Hr H&S setup.

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  • #6,764
  • Feb 11, 2020 5:59am Feb 11, 2020 5:59am
Quoting GingerJohn
One of my daily trade ideas I would like to see: Spike up, Sell off Based off a possible 1Hr H&S setup. {image}
Nooooo ! Sky is the limit, John !
Member
  • #6,765
  • Feb 11, 2020 9:31am Feb 11, 2020 9:31am
SOLD @ $10057
  • #6,766
  • Feb 11, 2020 9:33am Feb 11, 2020 9:33am
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  • #6,767
  • Feb 11, 2020 9:35am Feb 11, 2020 9:35am
Quoting TudorIoan
{quote} Nooooo ! Sky is the limit, John !
SL @ 15k
  • #6,768
  • Feb 11, 2020 9:55am Feb 11, 2020 9:55am
Quoting TudorIoan
{quote} Buy, buy, buy ! Observe, Watson ! Very distinctive weekly pattern ...sort of bullish engulfing ! It's the typical W1 engulfing before a strong bull run Rise and shine, baby ...15K take profit ...sure thing {image}

Quoting GingerJohn
{quote} SL @ 15k
Told ya ! ........
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  • #6,769
  • Feb 11, 2020 10:05am Feb 11, 2020 10:05am
Stopped out, well played BTC

onto the next trade
  • #6,770
  • Feb 11, 2020 3:58pm Feb 11, 2020 3:58pm
Quoting GingerJohn
One of my daily trade ideas I would like to see: Spike up, Sell off Based off a possible 1Hr H&S setup. {image}
My 2 cents - Nada personal

You were selling into a New Support level. This was confirmed with Old Resistance at 9000 - 9500 becoming New Support.

If anything you should be waiting to go long based on interaction with New Support.

Worth noting that this zone is a Big Round Number and is near 10k ie big psyche level
  • #6,771
  • Feb 11, 2020 4:12pm Feb 11, 2020 4:12pm
Quoting antgal23
{quote} My 2 cents - Nada personal You were selling into a New Support level. This was confirmed with Old Resistance at 9000 - 9500 becoming New Support. If anything you should be waiting to go long based on interaction with New Support. Worth noting that this zone is a Big Round Number and is near 10k ie big psyche level
I'm not surprised that BTC cracked the 10k level but I think there will be a good period of consolidation before momentum takes it to 11k.
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  • #6,772
  • Feb 12, 2020 12:24am Feb 12, 2020 12:24am
Quoting TudorIoan
{quote} Oh yeah, dammit ! Not even that old resistance on daily !! I'm suffering hard... But there is hope, look, big SMILE on chart ! {image} {image}
There are times when we sell, and we mostly sell ...but there are times when the pigs fly
Member
  • #6,773
  • Feb 12, 2020 2:17am Feb 12, 2020 2:17am
Hey antgal23,

I appreciate your thoughts.
Hope you can stay around and post ideas up!
  • #6,774
  • Feb 12, 2020 2:32am Feb 12, 2020 2:32am
Quoting GingerJohn
SOLD @ $10057
Quoting TudorIoan
{quote} Oh yeah, dammit ! Not even that old resistance on daily !! I'm suffering hard... But there is hope, look, big SMILE on chart ! {image} {image}
Finally, the 10,500 resistance hit Good spot for a little sell
Now, the Bitcoin Mystic Cult, The Global Stupidity Index ...uh, they are hot !

Let's see them stups bubbling up ...herd mentality is a powerful thing, people !
Stupidity is an endless resource, they can even buy tulip bulbs more exepensive than a house
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  • #6,775
  • Feb 12, 2020 2:41am Feb 12, 2020 2:41am
Lovely Short, nice call!

I'm in a bit late, looking to take last nights lows out, & yesterdays lows at a push.

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  • #6,776
  • Feb 12, 2020 5:13am Feb 12, 2020 5:13am
Quoting GingerJohn
Hey antgal23, I appreciate your thoughts. Hope you can stay around and post ideas up!
Hey GingerJohn

I don't trade anymore. However, I hold some crypto from autumn 2017 which I'll see how it performs in the next 12 to 24 months.

If I get chance I'll post some charts for potential medium term swing set ups

Anthony
  • #6,777
  • Feb 12, 2020 5:37pm Feb 12, 2020 5:37pm
Very quiet day but hardly tradable with no sudden move. Up only $155
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  • #6,778
  • Feb 12, 2020 5:57pm Feb 12, 2020 5:57pm
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BTC seemed to have bottomed at the right spot at double support, rounded bottom happening with a golden cross and breaking thru resistance... with normal pull backs, I think 14000 is doable in due time.
  • #6,779
  • Feb 13, 2020 2:00am Feb 13, 2020 2:00am
Taken out yesterday's highs at London Open,
I'm selling this back down.

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  • #6,780
  • Feb 13, 2020 3:07am Feb 13, 2020 3:07am
Quoting GingerJohn
Taken out yesterday's highs at London Open, I'm selling this back down. {image}
Told ya, John, herd mentality is a powerful thing ...if something goes North, everybody goes North

Fundamentally, bitcoin it's a scam and it will oscillate forever between the peak of Mass Stupidity Index level and the Bottom of Reason level.
But that doesn't mean is not great for trading

...if something goes North - every wannabe follows, if crashes - everybody dumps it ...that's the way it goes for centuries
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