We have some kind of lift off.. For every resistence we break I'll drink a shot of tequilla
- | Joined Oct 2013 | Status: You missed it. So what! Try again. | 625 Posts
You win, you lose. All else is history. The future does not exist.
Bitcoin Analysis 22 replies
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Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
DislikedWe have some kind of lift off.. For every resistence we break I'll drink a shot of tequillaIgnored
Disliked{quote} one bottle down the hatch for sure! i got in too early at $530 instead of $450 - will figure out why and post tomorrow... but no tears, what's $80 when BTCUSD is going to the moon! Hahaha!Ignored
DislikedIncredible momentum to the upside! What is deceptive is that around the $500 mark participation was really thin - obviously the bigger money was waiting to see what the inexperienced market was going to do - but now volume has really ramped and looking at the MACD on the 6 month chart (H6) below it is obvious that BTCUSD is only now forming subwave 3 of 3 ! If it's going to extend in the 5th wave, we can easily get $2-3k. From EW analysis we can expect a correction soon (which the media will probably call a crash) but the low of the pullback could...Ignored
Disliked{quote} Hi Venzen, careful when analyzing momentum when instrument as performed exponential. In such circumstances it is much better to change the momentum indicators you use with for example PPO (percentage price oscillator). Makes more sense math wise :-) Has someone Bitcoin on MT4 platform? If yes, can you please apply the PPO on it and show a weekly chart (over the last 2 years or so). That would be great {file}Ignored
Disliked{quote} Hi Venzen, careful when analyzing momentum when instrument as performed exponential. In such circumstances it is much better to change the momentum indicators you use with for example PPO (percentage price oscillator). Makes more sense math wise :-) Has someone Bitcoin on MT4 platform? If yes, can you please apply the PPO on it and show a weekly chart (over the last 2 years or so). That would be great {file}Ignored
Disliked{quote} Hi Venzen, careful when analyzing momentum when instrument as performed exponential. In such circumstances it is much better to change the momentum indicators you use with for example PPO (percentage price oscillator). Makes more sense math wise :-) Has someone Bitcoin on MT4 platform? If yes, can you please apply the PPO on it and show a weekly chart (over the last 2 years or so). That would be great {file}Ignored
Disliked{quote} infinitus, thanks for pointing that out. Putting the momentum analysis aside, I still believe there is an additional high liekly due to RSI reverse divergence on the recent low. So far so good, but the market is getting more liquid now that the herd are piling in faster. what's your analysis of this thing?Ignored
DislikedHi Venzen. With the knowledge I have of bitcoin (which is very limited) I would say as long as no regulation comes into play, bitcoin can only ever be bullish in the long term. Until people develop an account with sufficient equity, the daily fundamentals are essential. OVER TIME THE GENERATION OF NEW BITCOINS INTO THE MARKET WILL BECOME MORE AND MORE RARE. This is the nature of it's design that logarithmically fewer will ever be produced in increasinly smaller quantities over increasingly longer time frames. 3 years ago a new bit coin would have...Ignored
Disliked{quote} Rhodie, Good to see you here. I happened to get paid in Bitcoins for a some project work. I was just happy to help but the person insisted and paid me 0.25 Bitcoins. I thought it was funny and just kept them in my "wallet" until one day I read about an API for the Mt Gox Bitcoin Exchange - I checked it out and also found a custom trading platform for it. The whole lot integrated quite well with my existing charting and desktop tools so i transfered my Bitcoins to Mt Gox and let an algorhythm trade very conservatively for a few months. It...Ignored