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Bitcoin technical analysis

  • #7,481
  • Edited 12:37pm Jun 13, 2020 10:46am | Edited 12:37pm
Quoting Hutch
{quote} Like I said before I pity you because your parents didn't raise you properly. If they had you would not be insulting people left and right and ignore people that don't agree with you. Are you still flipping burgers at McDonalds? I have 2 bitcoins but I consider them to be worth nothing because I already made well in excess of their value trading. Whether they go to $1 or $100,000 I really don't care. Same for my two houses. Since I don't have a mortgage on them whether their combined value go to $1 or $2,000,000 I don't care. At least I...
I’ve made much more in crypto than I ever did in trading even taking out any losses. I can see my coins I don’t know about you. I’m also an early adopter which makes a big difference. I saw what was coming and got in before the herd. I went all in quit my job started my own company and coin. The stampede is yet to arrive but market has already validated every decision and trend I have predicted. Now is the time to put head down and bring the technology to average people.. the market is going crypto whether you like it or not, whoever is best positioned in the segments that will benefit the most will be able to appreciate things that they can “see”
  • #7,482
  • Jun 13, 2020 12:41pm Jun 13, 2020 12:41pm
Quoting andoseg2
I am confident this will be the breakout of the year : {image}
Update:
A strong move was predicted successfully 4 years ago.
I expect another strong such move approaching if price break above $10600
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Money moves the market, not an indicator.
  • #7,483
  • Jun 13, 2020 3:42pm Jun 13, 2020 3:42pm
Quoting sidhujag
{quote} I’ve made much more in crypto than I ever did in trading even taking out any losses. I can see my coins I don’t know about you. I’m also an early adopter which makes a big difference. I saw what was coming and got in before the herd. I went all in quit my job started my own company and coin. The stampede is yet to arrive but market has already validated every decision and trend I have predicted. Now is the time to put head down and bring the technology to average people.. the market is going crypto whether you like it or not, whoever is...
So you see your coins so you can hold them in your hands the same way I can hold my gold bars. If you cannot hold your coins in your hands they don't exist. By the way I have never seen anyone holding the electrons and protons of Bitcoin I quit my job 8 years ago and make a very good living by trading since then. If someone knows how to trade that person can make money and doesn't need crypto to do that. What market are you talking about? Bringing crypto technology to people is not the same as bringing internet. In any case I firmly believe that crypto doesn't have a future because governments will never give up their currency control.

I thought that Sweden would be the first country to develop a digital currency (not crypto) because over 99% of transactions are already processed by electronic means such as credit cards, debit cards and bank transfers. Also, over 900 of the 1,600 branches of Swedish banks no longer keep cash on hand or accept cash deposits. However, Sweden might now not be the first to introduce a digital currency. China is conducting an experiment to replace the Yuan by its own digital currency. Some people think that this new digital Yuan will be partially or totally backed by physical gold. If the experiment succeeds China will be the first to introduce a digital currency and I'm sure that many other countries will follow. This could be a deathblow to all so-called “crypto currencies” that are backed by nothing. You can place your bet. Which country will be first introducing a digital currency, Sweden, China or another country?
  • #7,484
  • Jun 13, 2020 4:05pm Jun 13, 2020 4:05pm
Bitcoin went down by $53 today. No trading frenzy during the weekend
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  • #7,485
  • Jun 14, 2020 10:00am Jun 14, 2020 10:00am
Quoting Hutch
{quote} So you see your coins so you can hold them in your hands the same way I can hold my gold bars. If you cannot hold your coins in your hands they don't exist. By ... Blaaaa... Lies.... ry?
You're a moron and liar too

No honestly you're cretin of highest degree.

Last you said your gold sh.t was in Switzerland soooo????
Oh liar

Also, imagine that, I have a nice movie on my phone. Called 'Liar Liar' . Jim Carey movie. Fifty times smarter than you, that guy.

So I can HOLD IT..... soooo dumbo it's real???

Also, moron, I hold few Bitcoin on THE SAME PHONE.
Sooooooo??? Real or not

I mean I see the movie... I see my Bitcoin.... I dunno
Beware of robber banks (RB), bad advisors.
  • #7,486
  • Jun 14, 2020 12:50pm Jun 14, 2020 12:50pm
Quoting Hutch
{quote} So you see your coins so you can hold them in your hands the same way I can hold my gold bars. If you cannot hold your coins in your hands they don't exist. By the way I have never seen anyone holding the electrons and protons of Bitcoin I quit my job 8 years ago and make a very good living by trading since then. If someone knows how to trade that person can make money and doesn't need crypto to do that. What market are you talking about? Bringing crypto technology to people is not the same as bringing internet. In any case I firmly...
Well it is true there is inherent trust in the network when you physically hold your private keys but in no way is that any less risk of repatriation of gold when some centralized actor decides to enact it. Also because it’s physical form of value instead of “encrypted” on paper which is undetectable it is easy to find those that try to escape repatriation measures.

if anything the central backed digital currencies will be nothing short of the spark that will flood the crypto market with money because once market has a choice in the digital world they will always choose to store value in money that has better store of value and security whereas the centralized coin may be used to send and recv goods and services.

I have written about this a few times that cbdc is just a phase before they realize it helped the market rather than killed it, governments will be forced to be responsible
  • #7,487
  • Jun 14, 2020 1:12pm Jun 14, 2020 1:12pm
Quoting sidhujag
{quote} Well it is true there is inherent trust in the network when you physically hold your private keys but in no way is that any less risk of repatriation of gold when some centralized actor decides to enact it. Also because it’s physical form of value instead of “encrypted” on paper which is undetectable it is easy to find those that try to escape repatriation measures. if anything the central backed digital currencies will be nothing short of the spark that will flood the crypto market with money because once market has a choice in the digital...
My country is getting like her president more stupid by the day. But then I'm not sure your country is better since your prime minister is just as bad as my president. You are a dreamer thinking that governments will be forced to be responsible.
  • #7,488
  • Jun 14, 2020 4:04pm Jun 14, 2020 4:04pm
Bitcoin went down a further $43 today for a loss of $96 during the weekend.
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  • #7,489
  • Jun 14, 2020 11:33pm Jun 14, 2020 11:33pm
Quoting sidhujag
{quote} If you really want to become financially free you are too late to invest in top 10 Alts which are diminishing returns but top 100-200 or even 300 might make more sense and will be akin to going back to 2013 as an early adopter. Throw a few here and there and if a home run hits it will be more than anything you would even potentially make on inflated Alts near the top
Hey there, thanks for your reply and advice, I think I'll send you a PMessage and you can tell me what is good to add to my portfolio from the Coinbase available trading assets.

When it comes to financially free, I'm not looking to do this for crypto, the main reason I opened the Coinbase account was to be able to transfer funds to my country, since I work and live in a country where they have capital control and I can't send money overseas easily in the traditional ways.

Thank you again, have a great day and week !
  • #7,490
  • Jun 14, 2020 11:38pm Jun 14, 2020 11:38pm
Regarding my chart views for BTCUSD, doesn't look very promising for bulls on M30, after last week broke the channel on the downside and pierced through Fibo 50.0 level, the price continued to drop under 38.2 and followed at 23.6 Fibo, today BTC needs to hold above the previous low from last week at $8900 / $9000 psychological level, if not most likely we will see a move lower.
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  • #7,491
  • Jun 14, 2020 11:39pm Jun 14, 2020 11:39pm
The H4 for BTCUSD looks at the $8800 / $9300 range as the battlezone, if prices continues to go lower and $9000 is pierced on the downside and $8800 cant hold unfortunately I think it will be a clear way to $7600, I hope I'm wrong .
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  • #7,492
  • Jun 15, 2020 2:41am Jun 15, 2020 2:41am
9k bulls revealed its presence
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Oleg Alexandrov, market analyst. Find me in Google
  • #7,493
  • Jun 15, 2020 9:11am Jun 15, 2020 9:11am
Supply Zone activated
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Oleg Alexandrov, market analyst. Find me in Google
  • #7,494
  • Jun 15, 2020 9:44am Jun 15, 2020 9:44am
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  • #7,495
  • Jun 15, 2020 9:49am Jun 15, 2020 9:49am
Quoting Hutch
{quote} My country is getting like her president more stupid by the day. But then I'm not sure your country is better since your prime minister is just as bad as my president. You are a dreamer thinking that governments will be forced to be responsible.
Every market intervention ends up in disaster will it happen in our lifetime not sure, but this technology allows people to free themselves and thus force governments to become more responsible as a result. You are dreaming if you think things can’t change because they always do.
  • #7,496
  • Jun 15, 2020 4:37pm Jun 15, 2020 4:37pm
Quoting Hutch
Blaaaa.... I can hold my gold bars. If you cannot hold your coins in your hands they don't exist. By the way I have never seen anyone holding the electrons and protons of Bitcoin I .. Blaaaaa
Hi shmoo

Soooo what ya say schmoo??
If ya can't hold something it's not real duhhh??

You ever heard of..... internet????

Dumooooo
Beware of robber banks (RB), bad advisors.
  • #7,497
  • Edited 9:23pm Jun 15, 2020 4:39pm | Edited 9:23pm
Quoting Hutch
Blaaaa.... I can hold my gold bars. If you cannot hold your coins in your hands they don't exist. By the way I have never seen Bitcoin I .. Blaaaaa
Hi dilbo

Soooo what ya say schmoo??
If ya can't hold , squeeze or have seen something it's not real duhhh??

You ever thought of..... my testicles ?? Seen them ??
I'm kidding .... . I meant e-mail

Yeah
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Beware of robber banks (RB), bad advisors.
  • #7,498
  • Jun 15, 2020 4:57pm Jun 15, 2020 4:57pm
Quoting sidhujag
{quote} Every market intervention ends up in disaster will it happen in our lifetime not sure, but this technology allows people to free themselves and thus force governments to become more responsible as a result. You are dreaming if you think things can’t change because they always do.
I never said that things can't change. If my country was a person it would have gone bankrupt quite a while ago. With the FED printing money like there is no tomorrow to prop up markets through increase in liquidity the US is in a virtual state of bankruptcy. The only reason we are not actually bankrupt is that the $ is the #1 preferred currency in the world because it's the petrodollar. The day oil producing countries stop accepting the $ as payment and other countries follow we will be bankrupt. When we went bankrupt in 1933 the solution was to confiscate the gold of citizens to prop up the $. When Nixon refused to pay the debt we owed in gold in 1971 and forced countries to accept $ we were also virtually bankrupt but fortunately countries accepted to be repaid in $. This had the effect of going away from the gold standard. Did my government become more responsible in 1933? No. Did my government become more responsible in 1971? No. In both cases ballooning deficits became the norm. This time is worse since some countries totally got rid of their $ including treasury bills and treasury notes. Russia exchanged all her $ for gold. If China's experiment of introducing a Yuan digital currency backed by gold succeed and other countries do the same it will be the end of the $ because of hyperinflation. However, this will not result in the acceptance of crypto currencies by my government. The US might do the same as China and ban crypto currencies or even confiscate gold to introduce its own digital currency. In any case governments will never let unregulated currencies, such as Bitcoin, becoming the currency of their countries.
  • #7,499
  • Jun 15, 2020 4:59pm Jun 15, 2020 4:59pm
Bitcoin was a bit more active today gaining $123. Is $10,000 next? Who knows?
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  • #7,500
  • Jun 15, 2020 9:27pm Jun 15, 2020 9:27pm
Quoting Hutch
{quote} I never said that things can't change. If my country was a person it would have gone bankrupt quite a while ago. With the FED printing money like there is no tomorrow to prop up markets through increase in liquidity the US is in a virtual state of bankruptcy. The only reason we are not actually bankrupt is that the $ is the #1 preferred currency in the world because it's the petrodollar. The day oil producing countries stop accepting the $ as payment and other countries follow we will be bankrupt. When we went bankrupt in 1933 the solution...
yes but think one or two steps further which is what I’m trying to explain to you. Once people are in digital crypto realm they can move freely to other forms if they can’t it will be too restrictive for money and not adopted even if forced(ppl will start to barter with better money). So it’s check mate either way and central money is ending likely because a better form has been previewed. Bitcoin isn’t a better money its a better sov so likely people will hold value there and spend other forms either centralized or not to move and spend value. If oil isn’t backed by usd then usd will devalue and likely roil up bond market messing up books of China who holds all of them hoping they mature inflation adjusted without big losses.
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