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Bitcoin technical analysis

  • #361
  • Dec 5, 2013 4:31am Dec 5, 2013 4:31am
cha- chin, 60 points in less than an hour......I think it is a very good instrument to trade venzen......in deed very good, took profits at 920 on BTC-e......

http://bitcoinwisdom.com/markets/btce/btcusd
The Chonchy
  • #362
  • Dec 5, 2013 6:19am Dec 5, 2013 6:19am
Quoting chonchy
went long 1 mBTC's at 860 at BTC-e......wish me luck....
What is the difference between MtGox and BTCe? I am looking at 2 charts and bottom @ MtGox was 20-30 dollars higher than BTCe.

Is it some sort of arbitrage?
  • #363
  • Dec 5, 2013 6:50am Dec 5, 2013 6:50am
Quoting grin
{quote} What is the difference between MtGox and BTCe? I am looking at 2 charts and bottom @ MtGox was 20-30 dollars higher than BTCe. Is it some sort of arbitrage?

.........Correct is arbitrage grin, if you see Mt.gox high and the BTC-e low it may go higher on BTC-e, and viceversa, easy money.......
The Chonchy
  • #364
  • Dec 5, 2013 6:52am Dec 5, 2013 6:52am
Quoting grin
{quote} What is the difference between MtGox and BTCe? I am looking at 2 charts and bottom @ MtGox was 20-30 dollars higher than BTCe. Is it some sort of arbitrage?
.


...........is also there bitstamp and btcchina in there, if you click on them it will give you their charts also.............
The Chonchy
  • #365
  • Dec 5, 2013 7:04am Dec 5, 2013 7:04am
Quoting chonchy
I couldn't say it bether my self, this guy deserves a medal, if he would just slow down a bit......... http://www.youtube.com/watch?v=as_3Pp_yGq4
Somewhat politicized, but how does he know BTC is not manipulated? Banks are free to throw their money everywhere.
  • #366
  • Dec 5, 2013 7:11am Dec 5, 2013 7:11am
https://www.facebook.com/photo.php?v=627119247323125
The Chonchy
  • #367
  • Dec 5, 2013 8:40am Dec 5, 2013 8:40am
Quoting chonchy
{quote} .......1077 was the side way move and I short it for a profit of 7 mBTC's in one hour, on btc-e, not bad, no bad at all, thanks venzen for pushing me to trade bitcoins I really need to send you some crumbs.........where is your wallet so people can donate for your info here venzen....... http://www.youtube.com/watch?v=A2Cjo7CHh6w

Thanks for the suggestion, chonchy, but I considered it carefully and think it is better that I do not accept any transactions. It can get messy later because we don't know what the future holds and a record of accepting donations could be construed as accepting payment, etc etc
Just keep posting on the thread and being a positive contributor - that's what makes the thread worthwhile!
cryptocurrency everytime
  • #368
  • Dec 5, 2013 8:41am Dec 5, 2013 8:41am
Quoting chonchy
went long 1 mBTC's at 860 at BTC-e......wish me luck....

good entry
cryptocurrency everytime
  • #369
  • Dec 5, 2013 8:49am Dec 5, 2013 8:49am
Quoting chonchy
{quote} how the drop trigger a short venzen? do you have an EA that detect this movements?

you can execute limit and stop orders in your MT4 order entry screen - no need to buy/sell at market price everytime! mind the limit/stop orders though - you don't want them triggered by a spike!
cryptocurrency everytime
  • #370
  • Dec 5, 2013 8:56am Dec 5, 2013 8:56am
Quoting grin
{quote} Somewhat politicized, but how does he know BTC is not manipulated? Banks are free to throw their money everywhere.

you're right he wouldn't be able to know that kind of thing, but IMO it's like most cases of alleged manipulation - there has to be incentive and at least some direct or indirect benefit - the banks are too busy fumbling over oneanother and trying to correct yesterday's mistakes today whilst keeping up a public facade that they're competent and looking at tomorrow. Have you ever worked at or in conjunction with a bank? I tell you, it's a quagmire of inter-department politics and "watch-your-back" daily grind... just too big and cumbersome organisationally to have any clue about Bitcoin or where the benefit/threat is exactly.
cryptocurrency everytime
  • #371
  • Dec 5, 2013 9:14am Dec 5, 2013 9:14am
China bars banks from bitcoin transactions

hence the drop today and the constant profit-taking...

RSI reverse divergence from H1 and higher TFs, says the next high might be the last one before a larger correction.

... just thinking about PBOC's statement, it cannot realistically be expected that a bank handles both a decentralised currency AND fiat - there is clearly a conflict of interests and with plans to implement a Gold standard it would just get messy. I don't see this as a bad policy statement for Bitcoin - but a market rattler and perhaps a reality check on inflated hopes of open-armed acceptance.
cryptocurrency everytime
  • #372
  • Dec 6, 2013 1:12am Dec 6, 2013 1:12am
Quoting venzen
{quote} Thanks for the suggestion, chonchy, but I considered it carefully and think it is better that I do not accept any transactions. It can get messy later because we don't know what the future holds and a record of accepting donations could be construed as accepting payment, etc etc Just keep posting on the thread and being a positive contributor - that's what makes the thread worthwhile!
The Chonchy
  • #373
  • Dec 6, 2013 3:44am Dec 6, 2013 3:44am
Quoting venzen
{quote} you're right he wouldn't be able to know that kind of thing, but IMO it's like most cases of alleged manipulation - there has to be incentive and at least some direct or indirect benefit - the banks are too busy fumbling over oneanother and trying to correct yesterday's mistakes today whilst keeping up a public facade that they're competent and looking at tomorrow. Have you ever worked at or in conjunction with a bank? I tell you, it's a quagmire of inter-department politics and "watch-your-back" daily grind... just too big and cumbersome...

This is my own humble opinion ......

the banks get easy credit, low rates loans from the feds and use it to manipulate the currencies of the world, asking for permission from Dragi, Ben print and lend easy money to the banks so they lend it to the hedge funds and the hedge funds buy stocks so the economy looks good and don't collapse so they can keep printing money, easy money, and with permission from Ben Bernanky, Mario Dragi gets easy money from the IMF (financed by Ben) and devalue his, so exports increase, I call this manipulation wish it don't affect me or my way of trading (break out at London open with a 1,2,3 pathern learn from TEB63 and my old friend Fxhermit, and a few crumb from people here and there, cesarnc, the dove alliance, ak4x, CDN, 45condor, smikester, james16 and many others, too many to mention) I just follow the money but they do manipulate the currencies, now if they want to manipulate bitcoin or eather is the pioniers in this that bouth it very low or the banks have to spend a lot of money to do it and if you spend money in bitcoin, why spend it in manipulate the market, why don't you just keep it? like I said is my own H. O.
The Chonchy
  • #374
  • Dec 6, 2013 3:54am Dec 6, 2013 3:54am
Quoting venzen
{quote} you can execute limit and stop orders in your MT4 order entry screen - no need to buy/sell at market price everytime! mind the limit/stop orders though - you don't want them triggered by a spike!
Forex is DEAD!
 Automated Bitcoin
Trading is the ANSWER!



http://btcrobot.com/?cbid=vonsensey

http://btcrobot.com/images/life-cycle-tech.jpg
The Chonchy
  • #375
  • Dec 6, 2013 4:00am Dec 6, 2013 4:00am
Why do you think TA is going to work with Bitcoin ? There is no evidence for it working longterm with much more liquid markets.
Can you predict that China will outlaw BTC (like they did yesterday) ? Can you predict what legislation may be passed by other governments ? Can you predict when one big holder offloads ? Of course not. TA is a wet dream that has no evidence behind it whatsoever. Gurus come and go. Some are clever and adapt and change and survive. Some even prosper. Is that to do with TA or the fact that by chance some will do well ?

I wish all the TA followers well because you'll need every bit of luck you can get. One thing is very likely though - at some stage every government will realise that BTC can do no good for the economy and will undermine it. Tax revenues will fall and once BTC has been fingered as the cause they will collectively pull the plug on it.
He was looking for the card so high and wild hed never need to deal another
  • #376
  • Dec 6, 2013 4:31am Dec 6, 2013 4:31am
Quoting dr_who
Why do you think TA is going to work with Bitcoin ? There is no evidence for it working longterm with much more liquid markets. Can you predict that China will outlaw BTC (like they did yesterday) ? Can you predict what legislation may be passed by other governments ? Can you predict when one big holder offloads ? Of course not. TA is a wet dream that has no evidence behind it whatsoever. Gurus come and go. Some are clever and adapt and change and survive. Some even prosper. Is that to do with TA or the fact that by chance some will do well ? I...
I don't predict in forex, I make calculated risks, sometimes I lose, some times I win, if you see my trades here http://www.forexfactory.com/showthread.php?t=58872 you will see I lose some, win many, I have lost acc's, being margin called, but since 2005 to now I have learn a bit and today I can follow the money when London opens and look for a 1,2,3 pattern use my tool seeing here http://www.forexfactory.com/showthre...66#post5557566 and let it run, like I say win some lose some, but I the end of the month I take some to pay the bills, this is being done lately, I think TA won't do it for you, you need many years of screen time to develop the sic ology of the trading, no fear, no greed, no speculation, no emotions, just react to an impulsive candle find a 1,2,3 pattern, get in and let it go, this is a simple system that with London power when it opens, and an impulsive candle, and always away from support or away from resistance, some times it work for me, more than less, hope it helps http://www.forexfactory.com/showthread.php?t=106165

.......donate please.....
The Chonchy
  • #377
  • Dec 6, 2013 4:36am Dec 6, 2013 4:36am
Quoting dr_who
Why do you think TA is going to work with Bitcoin ? There is no evidence for it working longterm with much more liquid markets. Can you predict that China will outlaw BTC (like they did yesterday) ? Can you predict what legislation may be passed by other governments ? Can you predict when one big holder offloads ? Of course not. TA is a wet dream that has no evidence behind it whatsoever. Gurus come and go. Some are clever and adapt and change and survive. Some even prosper. Is that to do with TA or the fact that by chance some will do well ? I...
Exactly, that is precisely the idea, bankrupt them, get out of this slavery system implanted in 1913 that is consuming the American people little by little and one day our children will wake up homeless..........



"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
~ Thomas Jefferson
The Chonchy
  • #378
  • Dec 6, 2013 4:47am Dec 6, 2013 4:47am
Quoting chonchy
{quote} Forex is DEAD! Automated Bitcoin Trading is the ANSWER! http://btcrobot.com/?cbid=vonsensey {image}

Don't even think about buying the robot but look at the videos they are very good about bitcoin.........
The Chonchy
  • #379
  • Dec 6, 2013 5:28am Dec 6, 2013 5:28am
The sell-off to 900$ was driven by the PBoC official release. But all of that was already said before, they just officialy released. And they didn't ban anything. They even supported bitcoin as long as you take your own risks and you are not a financial instituion like a bank (Banks cannot engage into trading bitcoins or speculate on it) it makes total sense and it was already said before.

The bottom is already done, China woke up, and did nothing on it, now up it goes!
  • #380
  • Dec 6, 2013 5:52am Dec 6, 2013 5:52am
Quoting LoveAbove
The sell-off to 900$ was driven by the PBoC official release. But all of that was already said before, they just officialy released. And they didn't ban anything. They even supported bitcoin as long as you take your own risks and you are not a financial instituion like a bank (Banks cannot engage into trading bitcoins or speculate on it) it makes total sense and it was already said before. The bottom is already done, China woke up, and did nothing on it, now up it goes!

rite on........ ..........I went long on 940 on BTC-e and plan to hold on to go over 1000 in the next few days, we will see, stop at 900......buy and hold strategy, the old fashion way of investing, can you do that with any other instrument?
The Chonchy
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