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Bitcoin technical analysis

  • #7,601
  • Jun 30, 2020 4:19am Jun 30, 2020 4:19am
Quoting Hutch
{quote} Geez I was going to reply but I'm too busy making money
He has over 700 traders on ignore, and he wonders why so few people are making comments on his bitcoin thread.

Perhaps it hasn't dawned on him that by ignoring so many people, there is hardly anyone left who are able to comment on his thread.
Compulsions can be hard to resist
  • #7,602
  • Jun 30, 2020 5:09am Jun 30, 2020 5:09am
Quoting trumps
{quote} He has over 700 traders on ignore, and he wonders why so few people are making comments on his bitcoin thread. Perhaps it hasn't dawned on him that by ignoring so many people, there is hardly anyone left who are able to comment on his thread.
I had not even replied to any of the posts of NKPMG or even been to his thread and he put me on his ignore list. If NKPMG can ignore someone for no reason at all I'm sure that many of the traders that are on his ignore list had made a comment on his thread that he did not like. If he had been born around 1920 maybe he would have been a perfect ...
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  • #7,603
  • Jun 30, 2020 1:19pm Jun 30, 2020 1:19pm
Blaaaa blaaaa

Bitcoin dead????

Not yet
Beware of robber banks (RB), bad advisors.
  • #7,604
  • Jun 30, 2020 4:10pm Jun 30, 2020 4:10pm
Bitcoin went down by $36 today so we might be tempted to say that nothing happened but this is not the case since it went up and down like a yoyo.
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  • #7,605
  • Edited Jul 2, 2020 6:39am Jul 1, 2020 4:23pm | Edited Jul 2, 2020 6:39am
Bitcoin went up by $91 today but, unlike yesterday, moved in a more orderly fashion.
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  • #7,606
  • Jul 1, 2020 9:12pm Jul 1, 2020 9:12pm
Quoting Hutch
Bitcoin went down by $91 today but, unlike yesterday, moved in a more orderly fashion. {image}
You probably mean went up.
  • #7,607
  • Jul 1, 2020 10:04pm Jul 1, 2020 10:04pm
Quoting MisterSpread
Hello dear cryptomaniacs, Nothing fancy for today, the BTCUSD continuing it's downtrend as I said since last week, if the price doesn't push above the falling trendline and continues to drop under $9.000 we might see again testing of the previous lows. {image}
Hello dear cryptomaniacs,

Nothing changed for the short term trend since my last post, the price is still under the falling trend line, found support at $9k and bounce back to $9200 area, however until I don't see the price going above the falling trend line and confirming, I still think for the next days / one week the price will continue to fall.

On fundamental side, today we have the NFP ( was moved one day earlier due to 4th of July being on the first Friday of the month ) and this will give most likely BTC also a short term trend.

Cheers and green pips to all!
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  • #7,608
  • Jul 2, 2020 6:42am Jul 2, 2020 6:42am
Quoting yg10
{quote} You probably mean went up.
Yes. Thank you for correcting me. My brain was disconnected with my fingers. Now waiting for NPKMG nasty comment
  • #7,609
  • Jul 2, 2020 4:24pm Jul 2, 2020 4:24pm
Bitcoin went down by $154 today now nearing $9,000. The second chart is how Bitcoin can be traded using Renko.
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  • #7,610
  • Jul 3, 2020 4:09pm Jul 3, 2020 4:09pm
Being a holiday in the US not much happened. Bitcoin gained $10 in a low volume and low volatility environment.
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  • #7,611
  • Jul 4, 2020 4:07pm Jul 4, 2020 4:07pm
Bitcoin went up $24 today which is normal during weekends.
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  • #7,612
  • Jul 5, 2020 4:07pm Jul 5, 2020 4:07pm
Bitcoin broke the $9,000 support losing $116 today.
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  • #7,613
  • Jul 5, 2020 7:18pm Jul 5, 2020 7:18pm
Quoting Hutch
Bitcoin broke the $9,000 support losing $116 today. {image}
BTC price was below $9,000 for ~20 minutes. To say that support (which is in 8800 - 9000 area) is broken is somewhat exaggregation.
  • #7,614
  • Jul 6, 2020 2:53am Jul 6, 2020 2:53am
Quoting yg10
{quote} BTC price was below $9,000 for ~20 minutes. To say that support (which is in 8800 - 9000 area) is broken is somewhat exaggregation.
It's like being pregnant a woman is or is not. There is nothing in between The only difference is that it's much easier for Bitcoin to go in and out of the support area as compared to the pregnant woman
  • #7,615
  • Jul 6, 2020 2:56am Jul 6, 2020 2:56am
Today's technical analysis. The Bitcoin target is $9,400.

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  • #7,616
  • Jul 6, 2020 6:52am Jul 6, 2020 6:52am
It is good to find an actual trading chart in the thread that could give an insight into the real-life experience in bitcoin trading. For a newbie like me, it is very helpful to find such examples that add to my learning process and increase my understanding of bitcoin trading.
  • #7,617
  • Jul 6, 2020 3:01pm Jul 6, 2020 3:01pm
Quoting Hutch
{quote} It's like being pregnant a woman is or is not. There is nothing in between The only difference is that it's much easier for Bitcoin to go in and out of the support area as compared to the pregnant woman
In trading this different. The "magic" price $9000.00 was penetrated quite a few times during last two weeks.

I hope that not a lot of people went short yesterday because of your bold call about "broken support".
I added some (too few) longs at $8970.
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  • #7,618
  • Jul 6, 2020 4:07pm Jul 6, 2020 4:07pm
Bitcoin went up $275 today with a large trading range of $327. The bull was active
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  • #7,619
  • Jul 7, 2020 4:18pm Jul 7, 2020 4:18pm
Bitcoin went down $20 today with a low trading range of $186.
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  • #7,620
  • Jul 8, 2020 4:16pm Jul 8, 2020 4:16pm
Bitcoin is having a good week so far going up by $174 today with a good trading range of $249.
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