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Bitcoin technical analysis

  • #7,541
  • Jun 23, 2020 4:51pm Jun 23, 2020 4:51pm
Bitcoin went down by $35 today so we can say that it broke even
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  • #7,542
  • Jun 23, 2020 11:42pm Jun 23, 2020 11:42pm
Quoting bardeumz
{quote} For anyone who is trading bitcoins, this thread will prove to be very helpful for them. I am currently in the research process of the bitcoin technical analysis and trying to keep track of the market trend.
Im glad I can bring my contribution to this thread and maybe help out people with my views on BTC, however as a disclaimer, please DON'T take my analysis as trading advice, please be cautious and stay safe while trading.

Cheers and green pips!
  • #7,543
  • Jun 24, 2020 6:02am Jun 24, 2020 6:02am
Quoting MisterSpread
Yesterday BTCUSD failed to go back into the uptrend channel, it hit once and went back under, for me this still leaves the short term trend undefined. The current range of $9.0000 - $10.000 is still in play and until we dont see a clear brake and confirmation either way I will just sit back and wait, still hodling 2 BTC and other alts in 5k, the rest of my portfolio is USDC and lurking. @trumps, it was just light fun, hope I didn't offended ! Cheers {image}
Like I was saying previously, still stuck in this range, im just hodling for now!
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  • #7,544
  • Jun 24, 2020 6:41am Jun 24, 2020 6:41am
Nice to see a chart with forecast once in a while .

Not the usual gaggle of crybabies and liars

Technical thread
Beware of robber banks (RB), bad advisors.
  • #7,545
  • Jun 24, 2020 4:39pm Jun 24, 2020 4:39pm
Quoting Not-KPMG
Nice to see a chart with forecast once in a while . Not the usual gaggle of crybabies and liars Technical thread
Ok you want a forecast here it is. Bitcoin went down by $339 today and is likely to continue its downward move to $9,000 by the end of the week. By the way instead of complaining lets see your forecast
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  • #7,546
  • Jun 24, 2020 8:38pm Jun 24, 2020 8:38pm
Quoting Hutch
{quote}. ve to $9,000 by the end of the week. By the way instead of complaining lets see your forecast {image}
Normally I don't engage with ..... like you.

We'll see if goes to 9000

Then if goes I'll buy cheap

My forecast?? ?
My forecast......
Hmmm
Did I....
Did I print one every month for the last 1-2 years???

Geee

Your life must be very hard - being blind and dump.

Ohhh look smart people's forecast
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Beware of robber banks (RB), bad advisors.
  • #7,547
  • Jun 24, 2020 8:41pm Jun 24, 2020 8:41pm
Obviously Bitcoin to zero...

Zerooouuuu

Minus zerooouuuu


Ohhh wait

What???
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Beware of robber banks (RB), bad advisors.
  • #7,548
  • Jun 24, 2020 9:10pm Jun 24, 2020 9:10pm
Hello fellow crypto traders, hodlers and all the other maniacs around here ,

As I was saying in my previous posts of this week, BTC failed to break and confirm above 10k and last 2 days also failed to go back in the UPtrend channel and confirmed a daily move lower, which I think will materialize more today and tomorrow.

First line of defense on Hourly is $9200 , and after the psychological level of $9,000 if both of these level give up why might see a broader move lower and a sell off.
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  • #7,549
  • Jun 24, 2020 9:59pm Jun 24, 2020 9:59pm
On daily, although the chart is a bit more filled with channel lines, support and Fibo, for me on short term is quite clear that BTCUSD price should drop , besides the technical analysis , I also read some articles saying there are 1 BILLION USD worth of options BTC which expire,tomorrow Friday, 26.06.2020.

Another article was saying that the miners have been sending bitcoins to exchanges again due to the fact that their ROI per btc mined now is very attractive at the current prices.

The Dollar Index gained some ground yesterday and I'm expecting to gain another 100 points today and tomorrow (Ichimoku's KijunSen line - Blue line acts usual as price magnet) and after to resume it's drop to the 94.500 level low of March 2020.
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  • #7,550
  • Jun 24, 2020 10:40pm Jun 24, 2020 10:40pm
Quoting Hutch
{quote} Ok you want a forecast here it is. Bitcoin went down by $339 today and is likely to continue its downward move to $9,000 by the end of the week. By the way instead of complaining lets see your forecast {image}
Excellent analysis Hutch
Bang on the money
Compulsions can be hard to resist
  • #7,551
  • Jun 25, 2020 12:47am Jun 25, 2020 12:47am
Quoting Not-KPMG
{quote} Normally I don't engage with ..... like you. We'll see if goes to 9000 Then if goes I'll buy cheap My forecast?? ? My forecast...... Hmmm Did I.... Did I print one every month for the last 1-2 years??? Geee Your life must be very hard - being blind and dump. Ohhh look smart people's forecast ...
Good morning friend, so you mean to say its going to rocket for 100k?
  • #7,552
  • Jun 25, 2020 2:11am Jun 25, 2020 2:11am
Does not look good short term for the bulls , I'm a psycho / degenerate I think....I wish BTC goes to $5.000ish so I can buy 10-15 more , however if that happens my portfolio drops 50% !
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  • #7,553
  • Jun 25, 2020 4:23pm Jun 25, 2020 4:23pm
Bitcoin basically broke even for the day losing $9 but the trading was erratic within the $337 trading range.
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  • #7,554
  • Jun 26, 2020 12:19am Jun 26, 2020 12:19am
Really curious what will be the effect of the 1 BILLION USD options expiring today of BTC on the price of Bitcoin itself.

As for the charts, if the prices doesn't go above the falling Daily trend line and the $9k level doesn't hold, I think we will see a significant drop.
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  • #7,555
  • Jun 26, 2020 5:07am Jun 26, 2020 5:07am
Quoting MisterSpread
Really curious what will be the effect of the 1 BILLION USD options expiring today of BTC on the price of Bitcoin itself..... , I think we will see a significant drop. {image}
😨😨😂😂😂Been hearing about drop forever 😂😂👍Options don't matter.Liars sell FUTURES, and their expire today is moooore important. 😱😱So the dumbos buy futures, the liars crash price 😂 likely tidae 😨😭 and Saturday we fly again 🐢🐢👍
Beware of robber banks (RB), bad advisors.
  • #7,556
  • Jun 26, 2020 9:54am Jun 26, 2020 9:54am
Quoting asalami23
{quote} Good morning friend, so you mean to say its going to rocket for 100k?
Hi pal.

You mean BARELY 100K?
Only miserable 100k  for now

Yeah. That's my baseline to take good profits.
I see 75-125k in about year... Maybe two. Yes need patience.

Then dip. Then I'll add if goes down good. Say 35k buy a bottom.
Then wait. Then sell at 200-250k.
SImple

It's all history ... And FIAT TRASH misery.

Have a chart

And distribution of liars fake money
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Beware of robber banks (RB), bad advisors.
  • #7,557
  • Jun 26, 2020 4:33pm Jun 26, 2020 4:33pm
Quoting MisterSpread
My only valid chart for today... {image}
You mean ...
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  • #7,558
  • Jun 26, 2020 5:04pm Jun 26, 2020 5:04pm
Quoting Not-KPMG
{quote} Hi pal. You mean BARELY 100K? Only miserable 100k  for now Yeah. That's my baseline to take good profits. I see 75-125k in about year... Maybe two. Yes need patience. Then dip. Then I'll add if goes down good. Say 35k buy a bottom. Then wait. Then sell at 200-250k. SImple It's all history ... And FIAT TRASH misery. Have a chart And distribution of liars fake money ...
I love this little picture that negates all the arguments you have against my country. We have the most debt because we are the #1 trustworthy country in the world. This is because we have the #1 economy, are #1 in oil production, #1 in gold ownership, #1 in technology, #1 in military might and have the #1 reserve currency of the world. As a result, our $ will always be the king of the fiat pile. Also, my government will never allow Bitcoin to replace the $ as the only legal tender in the US and will one day do like China and ban Bitcoin and its mining.
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  • #7,559
  • Jun 26, 2020 5:09pm Jun 26, 2020 5:09pm
Bitcoin went down by $88 today so my analysis that it will go down to $9,000 by the end of the week still stands as it could easily lose another $171 during weekend trading.
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  • #7,560
  • Jun 26, 2020 6:59pm Jun 26, 2020 6:59pm
Quoting Hutch
Bitcoin went down by $88 today so my analysis that it will go down to $9,000 by the end of the week still stands as it could easily lose another $171 during weekend trading. {image}
My chart shows it touches $9000 on Thursday
Compulsions can be hard to resist
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