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Bitcoin technical analysis

  • #6,781
  • Feb 13, 2020 3:24am Feb 13, 2020 3:24am
Quoting TudorIoan
{quote} 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
You are right, herd mentality really is powerful!
As long as I/we are in sync with the oscillations, there's plenty of profit to be had out of this pair.
  • #6,782
  • Feb 13, 2020 3:51am Feb 13, 2020 3:51am
Quoting GingerJohn
{quote} You are right, herd mentality really is powerful! As long as I/we are in sync with the oscillations, there's plenty of profit to be had out of this pair.
Roger that
Member
  • #6,783
  • Feb 13, 2020 8:54am Feb 13, 2020 8:54am
I guess Tudor joneses last years April’s fools joke is still playing out? What would explain the rise of crypto? That the wind is coming from the east this spring?

Looks good.. alts going up is a good sign for bitcoin.. it cannot rise with out Alts and if they go up together this could be a good thing for medium to long term
  • #6,784
  • Feb 13, 2020 9:18am Feb 13, 2020 9:18am
OMG, this is unbelievable, there are crypto ill dumbos who suck their socks of hate secretly for months and wait to stab in the back people who doesn't share their crypto nonsense.
Ohhh, excuse me, they are sooo subtle, they are unable to address directly, they gossip around the corner, Tudor said, Tudor did, Tudor humiliated me... an so on
God, those crypto idiots are so sick, help them !
Member
  • #6,785
  • Edited 9:37am Feb 13, 2020 9:27am | Edited 9:37am
It's well acknowledged that the people who champion bitcoin have a lot to gain from convincing you and a lot to lose if you not believe them.
So there's this conflict of interest ..and this shit-hu-jack is a declared crypto "developer" => crypto liar

Remember guys, a tulip bulb it's just a tulip bulb and bitcoin is just a code on the computer !
Take care of your real money !
Member
  • #6,786
  • Feb 13, 2020 9:39am Feb 13, 2020 9:39am
Quoting TudorIoan
{quote} 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
Sure, any shit that people belive in is good for good traders ...see those CME sharks
Member
  • #6,787
  • Feb 13, 2020 4:02pm Feb 13, 2020 4:02pm
Guess I need to go back to Renko to be able to trade
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  • #6,788
  • Feb 13, 2020 8:21pm Feb 13, 2020 8:21pm
Quoting Hutch
Guess I need to go back to Renko to be able to trade {image}
Try a grid trader with some type of nice scalper channel indicator.. the ones on eurchf during Asia were good and can do the trick..
  • #6,789
  • Feb 14, 2020 2:27am Feb 14, 2020 2:27am
Friday profit taking by anyone who has BTC & thinks 10k isn't gonna hold?

I'm looking for Short at lower breakout of 10080 level.

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  • #6,790
  • Feb 14, 2020 2:58am Feb 14, 2020 2:58am
Welcome a new Coin Tool from Forex Factory !
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  • #6,791
  • Feb 14, 2020 3:16am Feb 14, 2020 3:16am
Quoting GingerJohn
Friday profit taking by anyone who has BTC & thinks 10k isn't gonna hold? I'm looking for Short at lower breakout of 10080 level. {image}
I'm am looking to short 10,940 - 11,000 - the next resistance area, ...while I keep my little 15,000 long bet
Attached Image
Member
  • #6,792
  • Feb 14, 2020 4:05pm Feb 14, 2020 4:05pm
Quoting TudorIoan
Welcome a new Coin Tool from Forex Factory ! {image} {image}
So these are the so called "best" copy cats of Bitcoin. I'm not impressed
  • #6,793
  • Feb 14, 2020 4:07pm Feb 14, 2020 4:07pm
Another Bitcoin wasted trading day since the surge was too late. Have a nice weekend all
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  • #6,794
  • Feb 15, 2020 6:10am Feb 15, 2020 6:10am
Quoting GingerJohn
Hey antgal23, I appreciate your thoughts. Hope you can stay around and post ideas up!
Hi GingerJohn

The higher time frame charts shows the 6000 - 7000 zone to be significant. Price flips between Support and Resistance with it being more Support than Resistance.
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The screenshot is the 1 year but the 5 yr shows it better.

From November to January price gave us H & S pattern off the 6000 - 7000 zone confirming it as the new Support. Possible long entry at 8000?

July 2019 gives us a Resistance level at 12000 - 13000. Price gets rejected several times.

Depending on our trading plan we have a defined trading area of 6000 points. Now, the closer it gets to either zone the higher chance we have of price moving the other way.

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Price has had great upwards momentum lately but this will end the closer we get to 12000.

It could break 12000, but I'd need it to be confirmed as new Support before buying again.

Good luck!
  • #6,795
  • Feb 17, 2020 6:58am Feb 17, 2020 6:58am
Quoting antgal23
{quote}From November to January price gave us H & S pattern off the 6000 - 7000 zone confirming it as the new Support. Possible long entry at 8000?
Hi Anthony,

Thanks for the higher time-frame analysis, very helpful!!
I'm watching a possible Channel breakout, although I am waiting for the continuation (post re-test) as it could be a short trap.
Interestingly my target would be IRO 8000.


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  • #6,796
  • Feb 17, 2020 10:03am Feb 17, 2020 10:03am
Quoting GingerJohn
{quote} Hi Anthony, Thanks for the higher time-frame analysis, very helpful!! I'm watching a possible Channel breakout, although I am waiting for the continuation (post re-test) as it could be a short trap. Interestingly my target would be IRO 8000. {image}
Dunno about taking an open position in the current market GingeJohn
Price hasn't exhausted itself at the 12000 level nor has it even interacted enough with the level. I'd wait and watch
  • #6,797
  • Feb 17, 2020 4:05pm Feb 17, 2020 4:05pm
A drop of $697 from Friday's close is hard to swallow for many traders.
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  • #6,798
  • Feb 17, 2020 4:09pm Feb 17, 2020 4:09pm
The bull lost
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  • #6,799
  • Edited 3:55am Feb 18, 2020 3:34am | Edited 3:55am
Quoting Hutch
The bull lost {image}
Yeap, pretty much like it. My bear on top for now
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Member
  • #6,800
  • Feb 18, 2020 4:10pm Feb 18, 2020 4:10pm
Quoting TudorIoan
{quote} Yeap, pretty much like it. My bear on top for now {image}
Your bear is now begging the bull to let him go
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