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Bitcoin technical analysis

  • #7,841
  • Edited 5:00pm Nov 11, 2020 4:49pm | Edited 5:00pm
Quoting Cippalo
{quote} I mean btc it's not tradable with indicators, TA or PA.
I don't agree with you that trading BTC is impossible but I would say that it's not easy. On the other hand, using Renko charts it's quite easy to trade BTC or any other asset. I just made this one to show you how easy it is but the spread is way too high although it's low compared to most brokers. It's like forex brokers don't want us to trade BTC or don't want traders to make money. For comparison please take a look at the WTI chart that has a spread of 3¢. Both of these spreads are fixed. It's much easier to make a profit with a 3¢ spread than a $36 spread
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  • #7,842
  • Nov 11, 2020 4:53pm Nov 11, 2020 4:53pm
Bitcoin was sleepy and stable yesterday but it woke up gaining $461 today. I find this odd since today is Veterans Day so it's a holiday in the UK and the US.
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  • #7,843
  • Nov 12, 2020 4:19pm Nov 12, 2020 4:19pm
Bitcoin went up $335 today but the price almost going up at a 45 degree angle provided good trading opportunities.
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  • #7,844
  • Nov 13, 2020 4:16pm Nov 13, 2020 4:16pm
Bitcoin went up $141 today and, with the lower than average ATR, it wasn't a great trading day.
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  • #7,845
  • Nov 14, 2020 4:04pm Nov 14, 2020 4:04pm
Bitcoin lost some luster today going down $302.
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  • #7,846
  • Nov 15, 2020 4:49pm Nov 15, 2020 4:49pm
Bitcoin went down $149 today for a total loss of $451 for the weekend.
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  • #7,847
  • Nov 16, 2020 8:40am Nov 16, 2020 8:40am
From FPA: "BTC doesn't show yet any strong bearish signs, but combination of technical and fundamental factors suggests that we should not ignore potential bearish patterns now as deeper retracement could happen before major upside continuation"

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  • #7,848
  • Nov 16, 2020 4:19pm Nov 16, 2020 4:19pm
Bitcoin recovered its weekend loss of $451 by going up $883 today.
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  • #7,849
  • Nov 16, 2020 8:32pm Nov 16, 2020 8:32pm
Looks terminal!
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Founder of Sutherland Wave Principle
  • #7,850
  • Nov 17, 2020 4:19pm Nov 17, 2020 4:19pm
Quoting suthmo
Looks terminal! {image} {image}
Good analysis but the bearish bat forgot to fly as Bitcoin went up $909 today. Looks like there are serious BTC buyers.
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  • #7,851
  • Nov 17, 2020 10:52pm Nov 17, 2020 10:52pm
BTC once again flying and now looks headed towards ATH beyond which it would be in uncharted territory. Importantly there is no hysteria and looks like BTC climbing up a wall of worry!

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  • #7,852
  • Nov 18, 2020 7:11am Nov 18, 2020 7:11am
Bitcoin bubble news, extreme pumping now, woah, woah !!
Almost 8000 real dollars in a couple of months ?!?

A FAKE ! ALL MANIPULATION !!
Where was bitcoin when the c19 crisis started ??? Where was gold ?? Where was SP500 ??
See?
Bitcoin is a fake, mimicking the real world dynamics ...pathetic, common bait for dumb wannabes !

Ok, this is how a bubble looks like ...and this is how it ends !
Good luck, thieves !
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Member
  • #7,853
  • Nov 18, 2020 9:41am Nov 18, 2020 9:41am
Quoting TudorIoan
Bitcoin bubble news, extreme pumping now, woah, woah !! Almost 8000 real dollars in a couple of months ?!? A FAKE ! ALL MANIPULATION !! Where was bitcoin when the c19 crisis started ??? Where was gold ?? Where was SP500 ?? See? Bitcoin is a fake, mimicking the real world dynamics ...pathetic, common bait for dumb wannabes ! Ok, this is how a bubble looks like ...and this is how it ends ! Good luck, thieves...

First, thanks about; you welcome, second resistance is futile. IMHO.

Have a great days.
ALWAYS study.
  • #7,854
  • Nov 18, 2020 9:43am Nov 18, 2020 9:43am
and third, sorry about, reason ban me?

No problem mate. Waiting for some retrace levels :-)
ALWAYS study.
  • #7,855
  • Nov 18, 2020 10:41am Nov 18, 2020 10:41am
My vision about BTC.

I don't like buy ATH and i don't like SELL ATL.

Just stand by.

IF some level catch move about.

Simply.

Who love some asset or fan about it's a loser. LONG term. Simply.
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ALWAYS study.
  • #7,856
  • Edited Nov 19, 2020 2:05am Nov 18, 2020 10:53am | Edited Nov 19, 2020 2:05am
Quoting Cippalo
{quote} First, thanks about; you welcome, second resistance is futile. IMHO. Have a great days.
Usually I do respect "humble opinions", but you should not act totally dumb ignoring deeper than your nose history on chart ...weak traders follow only their dreams in business instead of reason. They can see only the green and they are totally blind to red.
Wannabe traders ignores the cons and only take the pros, ignores the fundamentals, and they make the same thing over and over again expecting different results...

It was great to buy bitcoin up here but above the "third resistance" it makes no sense at all
You know, it might hit 100K in 2 days, it doesn't matter, I mean it doesn't make sense, it's a bubble, that's pure gambling.
Well, I don't gamble

I really wish you sell your house and buy bitcoin and double your profit ! Have a great days, too !
Member
  • #7,857
  • Nov 18, 2020 11:36am Nov 18, 2020 11:36am
I read some about your reply, now boring.

i don't sell my house about btc bro, just try to trade it. And BTC it's not about my trade so call it "untradable".

Just put 10$ some 50$/month.

And ban me and reply me it's another indicator nobody know what btc next.

Ciao.
ALWAYS study.
  • #7,858
  • Nov 18, 2020 12:39pm Nov 18, 2020 12:39pm
Quoting Cippalo
I read some about your reply, now boring. i don't sell my house about btc bro, just try to trade it. And BTC it's not about my trade so call it "untradable". Just put 10$ some 50$/month. And ban me and reply me it's another indicator nobody know what btc next. Ciao.
You don't even bother to read arguments...
Ciao, Mr. Wannabe !
Member
  • #7,859
  • Nov 18, 2020 1:06pm Nov 18, 2020 1:06pm
You as me hope btc collapse soon, reason your ban about me.

Make some money and invest what you can effort on btc, as me :-)

"It's not advice" and bla bla bla :---------)
ALWAYS study.
  • #7,860
  • Nov 18, 2020 4:40pm Nov 18, 2020 4:40pm
Quoting Cippalo
I read some about your reply, now boring. i don't sell my house about btc bro, just try to trade it. And BTC it's not about my trade so call it "untradable". Just put 10$ some 50$/month. And ban me and reply me it's another indicator nobody know what btc next. Ciao.
Bitcoin went up $265 today but trading it using a 20 pips Renko chart is easier and more profitable than trading it using a time based chart.
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