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Bitcoin technical analysis

  • #7,661
  • Jul 27, 2020 8:29pm Jul 27, 2020 8:29pm
Huh... epic...
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Emotional Control. Process, not outcome.
  • #7,662
  • Jul 27, 2020 10:23pm Jul 27, 2020 10:23pm
Quoting antgal23
{quote} Glad to see I'm not the only one who sees weak dollar = strong BTC Bull run 2017 correlates strongly with weak dollar
I think we are with the 90% of traders worlwide who understand the current macro-economical and geo-political implications $$$ !

An object in motion, stays in motion

Cheers and green pips mate !
  • #7,663
  • Jul 28, 2020 3:48am Jul 28, 2020 3:48am
Quoting MisterSpread
{quote} I think we are with the 90% of traders worlwide who understand the current macro-economical and geo-political implications $$$ ! An object in motion, stays in motion Cheers and green pips mate !
americans are not so smart (as their president lol) ...

i should have read :

Glad to see I'm not the only one who sees weak yuan = strong BTC Bull run 2017 correlates strongly with weak yuan
  • #7,664
  • Jul 28, 2020 5:59am Jul 28, 2020 5:59am
On the H4 timeframe, the trend is up. Now there is a rollback with a puncture of the Tenkan line and almost to the Kijun line. The best time to join the trend with little risk. After breaking the maximum of 11400, I will increase the lot.

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  • #7,665
  • Jul 28, 2020 10:08am Jul 28, 2020 10:08am
Quoting tostaky06
{quote} americans are not so smart (as their president lol) ... i should have read : Glad to see I'm not the only one who sees weak yuan = strong BTC Bull run 2017 correlates strongly with weak yuan
So more importantly who is buying BTC?

Chinese retail?
Chinese govt?
EM govts?
EM retail?

I imagine the Chinese get paid in Yuan, but other South East Asian countries get paid in $ , so why hold BTC instead?

Obviously enough people or big players see USA v China tensions playing out

I remember late 2017 early 2018 reading about an analysis of 2017 ATHs and it was said that early drivers of a BTC bull run were EM citizens exchanging their devalued USD to BTC

What were USA - China relations then like?
  • #7,666
  • Jul 28, 2020 4:15pm Jul 28, 2020 4:15pm
The bull run continues since Bitcoin went up by $113 today but in a disorderly manner.
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  • #7,667
  • Jul 28, 2020 9:00pm Jul 28, 2020 9:00pm
Quoting Hutch
The bull run continues since Bitcoin went up by $113 today but in a disorderly manner. {image}
Hi man, wanted to ask you also previously, are you bullish or bearish? if bullish from what levels?

Cheers
  • #7,668
  • Jul 29, 2020 4:46am Jul 29, 2020 4:46am
Quoting CryptoCube
H4/H6 & H12 is signalizing a "CCI 14" neg. divergence. I have made out short order today at bitcoin around 10'218.-$ with the target 9'180.-$ Let's see next week where BTC is going to. My 2 cents. CryptoCube CCI = "Commodity Channel Index"

Divergences can be misleading in a strong trend. Especially for somewhat overreacting CCI. All guides on this indicator recommend to wait for confirmation of divergence. Bearish divergence can be confirmed with a break below zero in CCI or a support break on the price chart.
  • #7,669
  • Jul 29, 2020 5:27am Jul 29, 2020 5:27am
Quoting MisterSpread
{quote} Hi man, wanted to ask you also previously, are you bullish or bearish? if bullish from what levels? Cheers
As long as the USD goes down Bitcoin and Gold will be bullish.
  • #7,670
  • Jul 29, 2020 5:50am Jul 29, 2020 5:50am
Quoting antgal23
{quote} So more importantly who is buying BTC? Chinese retail? Chinese govt? EM govts? EM retail? I imagine the Chinese get paid in Yuan, but other South East Asian countries get paid in $ , so why hold BTC instead? Obviously enough people or big players see USA v China tensions playing out I remember late 2017 early 2018 reading about an analysis of 2017 ATHs and it was said that early drivers of a BTC bull run were EM citizens exchanging their devalued USD to BTC What were USA - China relations then like?
In case you don't know all Bitcoin ATM were taken out in China and it's now illegal to mine crypto currencies in China. So Chinese people that have Bitcoin can only use them outside China. This is one of the reasons why Chinese people spend the most of all tourists all over the world. In case you don't know it's illegal for Chinese citizens to take Yuan outside China. The reason why I know these things is that I normally live in China 5 months each year from May to September because it's too darn hot here in Cyprus during these months. The picture shows the temperature from 14 to 18 May
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  • #7,671
  • Jul 29, 2020 4:14pm Jul 29, 2020 4:14pm
Bitcoin went up by $240 today. The bull is still running
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  • #7,672
  • Jul 30, 2020 1:38am Jul 30, 2020 1:38am
Either big one or a pump n dump that’s what vsa is telling me.. statistically I would edge on taking profits but I’d never short btc that is just a dumb move in general.
  • #7,673
  • Jul 30, 2020 4:16pm Jul 30, 2020 4:16pm
Bitcoin had a minor loss of $55 today but there were two good trades one down the other one up.
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  • #7,674
  • Jul 31, 2020 4:14pm Jul 31, 2020 4:14pm
Bitcoin had another good day gaining $181 staying above $11,000.
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  • #7,675
  • Aug 1, 2020 4:07pm Aug 1, 2020 4:07pm
Bitcoin went up by $504 today. This is the first time that I see Bitcoin going up so much during the weekend.
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  • #7,676
  • Aug 2, 2020 6:33am Aug 2, 2020 6:33am
Bitcoin broke-out of an important level but again struggled with 12000 level. There has been a lot of profit taking. Bit coin had a history of fake breakouts so we need to see a proper retest before make a decision. In this multi time frame analysis we see what we have for us in the next week and month on this cryptocurrency.

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Technical Analyst & Trader @ Vikinsa
  • #7,677
  • Aug 2, 2020 4:05pm Aug 2, 2020 4:05pm
Bitcoin went down by $800 today erasing yesterday's gains then some.
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  • #7,678
  • Aug 3, 2020 4:20pm Aug 3, 2020 4:20pm
Bitcoin stabilized today gaining $346.
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  • #7,679
  • Aug 4, 2020 4:08pm Aug 4, 2020 4:08pm
Bitcoin lost $174 today in a volatile market.
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  • #7,680
  • Aug 5, 2020 4:11pm Aug 5, 2020 4:11pm
Bitcoin gained $480 today with a good trading range of $653.
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