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Bitcoin technical analysis

  • #7,881
  • Nov 25, 2020 8:49am Nov 25, 2020 8:49am
G'nite M1 : )
"Don't Shoot Me I'm Only the Piano Player"
  • #7,882
  • Nov 25, 2020 4:16pm Nov 25, 2020 4:16pm
Bitcoin went down $199 today in an up and down fashion that produced good trading opportunities.
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  • #7,883
  • Nov 26, 2020 2:26am Nov 26, 2020 2:26am
Looks right.
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Founder of Sutherland Wave Principle
  • #7,884
  • Nov 26, 2020 7:09am Nov 26, 2020 7:09am
Some life in the old dog yet. Found support.
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Founder of Sutherland Wave Principle
  • #7,885
  • Edited 8:46am Nov 26, 2020 8:16am | Edited 8:46am
If all the money in circulation is a mountain of debt that that would reach the moon, it has to be paid to a foreign private corporation by the central bank. Does the converting the paper debt into digital token magically turns debt paper into tokens that have value? Help me out here I'm confused?
Founder of Sutherland Wave Principle
  • #7,886
  • Nov 26, 2020 9:13am Nov 26, 2020 9:13am
hi,
this time btc will reach 20,000$
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #7,887
  • Nov 26, 2020 4:16pm Nov 26, 2020 4:16pm
Quoting sgkrishn
hi, this time btc will reach 20,000$
Maybe but not today as Bitcoin went down $1,763 today in a down day that was excellent for short trades.
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  • #7,888
  • Nov 27, 2020 5:39am Nov 27, 2020 5:39am
Morton was wrong. i don't see 20k but a down trend - follow the trend
  • #7,889
  • Nov 27, 2020 5:22pm Nov 27, 2020 5:22pm
Quoting Pip-Miner
Morton was wrong. i don't see 20k but a down trend - follow the trend
I would not say he was wrong yet because in the previous video I posted he stated that his analysis showed a retracement to 16.7k before going to 21k. Today's chart very much looks like that Bitcoin is consolidating. Lets see if after this consolidation it will go up or down. Today Bitcoin was down $84.
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  • #7,890
  • Nov 27, 2020 9:45pm Nov 27, 2020 9:45pm
Quoting Hutch
{quote} I would not say he was wrong yet because in the previous video I posted he stated that his analysis showed a retracement to 16.7k before going to 21k. Today's chart very much looks like that Bitcoin is consolidating. Lets see if after this consolidation it will go up or down. Today Bitcoin was down $84. {image}
A screen shot from last Morten video you posted. He is already wrong as he said it will retrace to point 18600. Bitcoin went as low 16300 and is now 17015. He said it may go to 21 this week. If it doesn’t go up and take 21 he is completely wrong.
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  • #7,891
  • Nov 28, 2020 9:16am Nov 28, 2020 9:16am
Quoting Pip-Miner
{quote} A screen shot from last Morten video you posted. He is already wrong as he said it will retrace to point 18600. Bitcoin went as low 16300 and is now 17015. He said it may go to 21 this week. If it doesn’t go up and take 21 he is completely wrong. {image}
Don’t follow gospel of randoms, they will only be right half the time.
  • #7,892
  • Nov 28, 2020 4:05pm Nov 28, 2020 4:05pm
Bitcoin finished the day up $784. I wonder who pushed it higher on a Saturday.
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  • #7,893
  • Nov 28, 2020 9:57pm Nov 28, 2020 9:57pm
Don't follow fools ! They use to buy bitcoin in days like April 1st when nothing happens in the world except some bullshit crypto formula syndrome and get fleeced by whales right after
Crypto fools follow the crypto bubble and get dumped by the side of the road many times over but they're still doing the same thing expecting different results
Foooools !
Member
  • #7,894
  • Nov 28, 2020 11:52pm Nov 28, 2020 11:52pm
this guy Tudor Ioan anyone know what his problem is? Maaan he hates bitcoin! I asked a simple question on his thread once "honorable bitcoin"... he lost it, tried to school me in the "dangers" of bitcoin, then blocked me!? What gives?
Emotional Control. Process, not outcome.
  • #7,896
  • Nov 29, 2020 12:41am Nov 29, 2020 12:41am
Oh, I thought you block me? Anyways... no thanks. I don't think YOU get it... or you have a hidden/fake agenda. Either way, it doesn't matter. As I mentioned before, I hold Bitcoin in cold storage, it was bought with profits back in 2017 (I see it as just another thing to diversify in). I spend it here in Japan sometimes, but you don't seem to believe that, and that's OK. I have no reason to lie to you, nor to prove anything to you, you will just get more mad and upset. If bitcoin disappeared completely tomorrow, it wouldn't affect me in the slightest. I would have lost nothing. You would cheer and celebrate, but one thing wouldn't change... you would still be a grumpy, stubborn ass! So all the best on your weird journey, I hope you get out of it what you are looking for ✌
Emotional Control. Process, not outcome.
  • #7,897
  • Edited 4:17am Nov 29, 2020 1:19am | Edited 4:17am
Quoting Konichiwhaat
Oh, I thought you block me? Anyways... no thanks. I don't think YOU get it... or you have a hidden/fake agenda. Either way, it doesn't matter. As I mentioned before, I hold Bitcoin in cold storage, it was bought with profits back in 2017 (I see it as just another thing to diversify in). I spend it here in Japan sometimes, but you don't seem to believe that, and that's OK. I have no reason to lie to you, nor to prove anything to you, you will just get more mad and upset. If bitcoin disappeared completely tomorrow, it wouldn't affect me in the slightest....
I'm not stubborn, buddy. I'm only bringing up simple sound true arguments.
You're in denial facing simple facts. Obviously you're the stubborn. And blind. You can't see bitcoin bubbling up and crashing periodically at the minimal mining rentability price.
And you keep ignoring the fact that a single bitcoin transaction costs the equivalent of the power consumption of an average US household over 25 days. So it's obvious that we cannot use bitcoin to buy our everyday coffee on the long run, despite promotional fees today. It's obvious, except for you, the crypto stubborn fools. Sorry to call you like that because I do appreciate your moderate tone.
Lighting Network and other sid-sy-philitic crypto coins on Proof of Stake contracts are lame surrogates, they just can't save bitcoin from the lack of scalability without destroying the fundamentals of bitcoin. The crypto trilemma is forever, Konichiwhaat !

Anyway, I think buying low around 4K and hodl is the best thing to do with this speculative financial instrument. Good for you. Take care !
Member
  • #7,898
  • Nov 29, 2020 3:20am Nov 29, 2020 3:20am
Quoting TudorIoan
{quote} I'm not stubborn, buddy. I'm only bringing up simple sound true arguments. You're in denial faceing simple facts. Obviously you're the stubborn. And blind. You can't see bitcoin bubbling up and crashing periodically at the minimal mining rentability price. And you keep ignoring the fact that a single bitcoin transaction costs the equivalent of the power consumption of an average US household over 25 days. So it's obvious that we cannot use bitcoin to buy our everyday coffee on the long run, despite promotional fees today. It's obvious, except...
Thanks for the apology. Like I say, no beef with you, and totally appreciate your views. I also think it will bomb in price right now. I'm picking 10k. But like I said, no dramas. It will be what it will be. I won't buy any more regardless. Either one day I will own NO Bitcoin because it vanished, or I will be a squillionair (if we are still comparing price to USD then, which totally defeats the object, but anyways...)! Take care and all the best ✌
Emotional Control. Process, not outcome.
  • #7,899
  • Edited Nov 30, 2020 6:45am Nov 29, 2020 8:37am | Edited Nov 30, 2020 6:45am
Quoting Konichiwhaat
{quote} Thanks for the apology. Like I say, no beef with you, and totally appreciate your views. I also think it will bomb in price right now. I'm picking 10k. But like I said, no dramas. It will be what it will be. I won't buy any more regardless. Either one day I will own NO Bitcoin because it vanished, or I will be a squillionair (if we are still comparing price to USD then, which totally defeats the object, but anyways...)! Take care and all the best ✌
Ohayo gozaimasu! ...I guess
Member
  • #7,900
  • Nov 29, 2020 4:07pm Nov 29, 2020 4:07pm
Bitcoin went up $425 today on top of the $784 yesterday. For short sellers Bitcoin going down last week was a trap.
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