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Bitcoin technical analysis

  • #101
  • Nov 17, 2013 2:48pm Nov 17, 2013 2:48pm
Quoting infinitus
{quote} Is also my understanding of current situation. But I am biased at the moment, because when it dropped to 65 a few weeks ago, I funded my Bitcoin account with money to buy in the 45-60 USD range. Shit, I was too greedy. Now I want it to comedown. Has someone a Bitcoin chart on logarithmic chart? Without that it is hard to tell, if we are in a wave 3 or wave 5

hi infinitus,

this is log scale

Attached Image (click to enlarge)
Click to Enlarge Name: Gold_Selection_18Nov13_03:50.png Size: 145 KB
cryptocurrency everytime
  • #102
  • Nov 17, 2013 3:36pm Nov 17, 2013 3:36pm
Quoting venzen
{quote} hi infinitus, this is log scale {image}
for me it looks like we are in wave 3 of 5 of wave 5
  • #103
  • Nov 17, 2013 3:37pm Nov 17, 2013 3:37pm
Quoting venzen
{quote} hi infinitus, this is log scale {image}

have you got more history?
  • #104
  • Nov 17, 2013 4:33pm Nov 17, 2013 4:33pm
Quoting infinitus
{quote} have you got more history?

i sure do! check the following link for historic charts:

http://bitcoincharts.com/charts/mtgoxUSD


i am suspecting an extended 5th with target around 750-1000 ! I missed the same boat as you: sold near the correction high of 165 and then thought it would go to $50 and never bought back in! Aaargh! So a drop will be welcome, but now it's a well-known money spinner, so the BTCUSD market is going to get tricky from here onwards.
cryptocurrency everytime
  • #105
  • Nov 17, 2013 5:08pm Nov 17, 2013 5:08pm
how are you guys trading this? my plan was to get btc-e funded to trade it 3:1 after my money comes in from plus500...
Don't have an ego. Always question yourself and your ability.
  • #106
  • Nov 17, 2013 5:11pm Nov 17, 2013 5:11pm
Quoting RamsesII
how are you guys trading this? my plan was to get btc-e funded to trade it 3:1 after my money comes in from plus500...
Appears that the best way to trade BTC is in the following way.

1) Log into account.
2) Buy Bitcoins.
3) Log off account.
4) Watch football.

Edit: To actually answer your question...Mt.Gox I think is alright.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #107
  • Nov 17, 2013 5:39pm Nov 17, 2013 5:39pm
Congress hearing on bitcoin this week. Bitcoin is a threat to the institutions that supports their campaigns. How do you think this will go for Bitcoin?
Follow me on twitter @whimtradr
  • #108
  • Nov 17, 2013 5:51pm Nov 17, 2013 5:51pm
Quoting RamsesII
how are you guys trading this? my plan was to get btc-e funded to trade it 3:1 after my money comes in from plus500...

Ramses,

that sounds good. Does btc-e allow you to short? At 3:1 that should be profitable if the hearings Monday achieve their objective of making Bitcoin "unsafe" and "undesireable"!
cryptocurrency everytime
  • #109
  • Nov 17, 2013 6:01pm Nov 17, 2013 6:01pm
Quoting venzen
{quote} Ramses, that sounds good. Does btc-e allow you to short? At 3:1 that should be profitable if the hearings Monday achieve their objective of making Bitcoin "unsafe" and "undesireable"!
yes you can go short
Don't have an ego. Always question yourself and your ability.
  • #110
  • Nov 17, 2013 7:21pm Nov 17, 2013 7:21pm
Is it provide on MT4？
  • #111
  • Nov 17, 2013 7:26pm Nov 17, 2013 7:26pm
where can i buy LTC without having to convert BTC?
Follow me on twitter @whimtradr
  • #112
  • Nov 17, 2013 7:27pm Nov 17, 2013 7:27pm
Quoting fatpanda
Is it provide on MT4？
yes. btc-e has MT4
Follow me on twitter @whimtradr
  • #113
  • Nov 17, 2013 8:48pm Nov 17, 2013 8:48pm
:O
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #114
  • Nov 17, 2013 8:51pm Nov 17, 2013 8:51pm
i have found anywhere on the btc-e.com but got nothing.
can you post the link directly？
  • #115
  • Nov 17, 2013 10:19pm Nov 17, 2013 10:19pm
Quoting fatpanda
i have found anywhere on the btc-e.com but got nothing. can you post the link directly？
https://btc-e.com/profile#meta_trader
Follow me on twitter @whimtradr
  • #116
  • Nov 17, 2013 10:46pm Nov 17, 2013 10:46pm
http://files.metaquotes.net/4656/mt4...ange4setup.exe
Follow me on twitter @whimtradr
  • #117
  • Nov 17, 2013 11:47pm Nov 17, 2013 11:47pm
.......Hello traders, I think it will get to 600, good luck......
The Chonchy
  • #118
  • Nov 17, 2013 11:49pm Nov 17, 2013 11:49pm
Quoting chonchy
.......Hello traders, I think it will get to 600, good luck......
but careful
with the falls to put money in the safe, lol....then it will go back up, I think bitcoin is unstoppable, I maybe wrong, being wrong before....but...
The Chonchy
  • #119
  • Nov 18, 2013 6:44am Nov 18, 2013 6:44am
This is the most important market to watch. This is great

Just to be clear I don't think this is a "bubble". Although I already see some people being reackless with "bubble" type behaviour.
Things I've read are like
"Buying at the highs is not such a bad thing you just need to have some balls and gamble a bit"
"I don't really know how to explain bitcoin to my friends when asked" while buying bitcoins.
Posts of what people are buying with their bitcoins like
"I bought this car"
"I bought this whole food worth of 0.05btc"
etc etc..
Posts of a "new paradigm" shift although its not hard to understand cryptocurrencies are indeed a huge thing.
  • #120
  • Nov 18, 2013 6:52am Nov 18, 2013 6:52am
This is what happen.
Attached Image

China happen. Adoption there and China counts 20% of the world population, with same supply, bigger demand its not suprising the rise, add in speculative flows, no shorting (volume wise), and you got 100$ per day moves lol
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