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Bitcoin technical analysis

  • #421
  • Dec 7, 2013 10:00am Dec 7, 2013 10:00am
Quoting venzen
{quote} very good entry, chonchy - i hesitated and only got in at 682... now to see if the correction at 800 is correcting an uptrend or continuing the downtrend ... i reckon there will be vascilation between taking profit and jumping in for advance beyond $1000 MG (Mt.Gox quote). So don't make ANY ill-conceived entries - because whatever coins you hold below $1000 will show their worth when PA gets back up above $1000. But i expect some ranging because many first time speculators are now playing with the sell button too
........venzen, one question my friend, I'm trading with the regular BTC-e platform, but looking at the MT4 new platform for the charts, but how can I trade on MT4 there is no money there, how do I transfer the fund to the MT4 platform? hope you understand me....because I don't lol........
The Chonchy
  • #422
  • Dec 7, 2013 10:29am Dec 7, 2013 10:29am
Quoting XharpScalper
{quote} i don't know how many btc it can make but making btc becomes difficult with time because hashes get harder and harder , and theoretically there is fix amount of total btc units that could be mined.
http://www.businessinsider.com/prese...bitcoin-2013-3

http://static5.businessinsider.com/i...ly-bitcoin.png
The Chonchy
  • #423
  • Dec 7, 2013 10:29am Dec 7, 2013 10:29am
Quoting chonchy
I think we hit something hard on daily, an EMA 100 the red line, let see if it bounce here, it should.......if not the panic is chronic........is a retrace or a pull back only......technically...... {image} on weekly is also just a pull back, still over the yellow EMA 5, should hit it and bounce up, the trend is intact In the weekly to me....... {image} and monthly is half way to the full retrace to that Yellow EMA 5 so it could keep going to that yellow ema5, we will have to wait and see if it bounce or cross.....RSI said there is still places...
your weekly chart looks similar to this:
Attached Image
just do it
  • #424
  • Dec 7, 2013 10:35am Dec 7, 2013 10:35am
http://www.businessinsider.com/prese...regular-cash-4
The Chonchy
  • #425
  • Dec 7, 2013 10:37am Dec 7, 2013 10:37am
Quoting thodie
{quote} your weekly chart looks similar to this: {image}
nice........
The Chonchy
  • #426
  • Dec 7, 2013 12:04pm Dec 7, 2013 12:04pm
@chonchy Sent you some satoshis
BTC FTW
  • #427
  • Dec 7, 2013 12:11pm Dec 7, 2013 12:11pm
I've been out with 50% of my stash since last saturday. Went out on 1100USD, what will a good entry point be. I'm mostly in for the long run, so no day trading here.

-s-
BTC FTW
  • #428
  • Dec 7, 2013 2:36pm Dec 7, 2013 2:36pm
hi all,

although you'll see me as 'currently viewing' or 'online' - I am actually on other tasks and only reload this thread page every few hours - so don't misinterpret that for not bothering to respond! I see some questions for me, so before quitting for the night:

@chonchy, top right-hand corner: click Profile. You'll see a Meta Trader link below your avatar pic on the left - you activate it from BTC-e and get your username/password at the same time. Then open MT4 and enter those details. Great thing is, you can also open a demo MT4 account and try some strategies.

@smartypants, longer term... you know, i am reluctant to give investment advice because it seems to always go like this: 1) someone takes my advice, 2) the market does the exact opposite, 3) they're resentful and 4) I get egg on my sarong! If you really want an opinion, open half of your intended position anywhere below 700. If price later goes lower, buy with a half of the remaining half, keep doing this - because Bitcoin will get cheaper to buy as the price goes down. If it goes to zero and stays there - wel, it doesn't matter at what price you entered! But once it passes beyond the 850 and then 1200 resistance levels it will likely top around 1400-2000 and then it should come back down to 700 (!) so think carefully about your buy and hold strategy, but get in with half your intended capital around current levels - so you're in - and only with money you're willing to lose.

PA seems to be bouncing between 700 and 850, so this might be a triangle or we're going to see a drop tomorrow - Bitcoin seems to often make tops/bottoms on Wednesday and Sundays...

good night all!
cryptocurrency everytime
  • #429
  • Dec 7, 2013 3:14pm Dec 7, 2013 3:14pm
Quoting venzen
hi all, although you'll see me as 'currently viewing' or 'online' - I am actually on other tasks and only reload this thread page every few hours - so don't misinterpret that for not bothering to respond! I see some questions for me, so before quitting for the night: @chonchy, top right-hand corner: click Profile. You'll see a Meta Trader link below your avatar pic on the left - you activate it from BTC-e and get your username/password at the same time. Then open MT4 and enter those details. Great thing is, you can also open a demo MT4 account and...
Thanks for the concern, I don't follow anyone's advises with out making up my own view. I dont have time to trade so much, but it's fun to try and learn. Maybe in the future I can do it more. It's sure is interesting times we live in and new opportunities open every day. I'm mining protoshares just for fun. Got about 10 PTS now.

-s-
BTC FTW
  • #430
  • Edited Dec 8, 2013 5:35am Dec 7, 2013 6:02pm | Edited Dec 8, 2013 5:35am
Quoting venzen
...But once it passes beyond the 850 and then 1200 resistance levels it will likely top around 1400-2000 and then it should come back down to 700 (!)
@venzen, you are saying the recent 1242 high was wave 3 and we should expect another up wave to complete the impulse wave? how can you be sure if wave 5 hasn't already ended? thanks
  • #431
  • Dec 8, 2013 12:26am Dec 8, 2013 12:26am
Quoting smartypants
{quote} Thanks for the concern, I don't follow anyone's advises with out making up my own view. I dont have time to trade so much, but it's fun to try and learn. Maybe in the future I can do it more. It's sure is interesting times we live in and new opportunities open every day. I'm mining protoshares just for fun. Got about 10 PTS now. -s-

.......Just to see if your BTC address is correct I sanded you some crumb ( hate to send money to some body I don't know)......check it out to see if is the correct address to donate.....and thanks for the satoichis you sanded me..... much appreciated........
The Chonchy
  • #432
  • Dec 8, 2013 1:03am Dec 8, 2013 1:03am
Quoting venzen
hi all, although you'll see me as 'currently viewing' or 'online' - I am actually on other tasks and only reload this thread page every few hours - so don't misinterpret that for not bothering to respond! I see some questions for me, so before quitting for the night: @chonchy, top right-hand corner: click Profile. You'll see a Meta Trader link below your avatar pic on the left - you activate it from BTC-e and get your username/password at the same time. Then open MT4 and enter those details. Great thing is, you can also open a demo MT4 account and...
......I agree 100% and one bitcoin with venzen here, I don't give entry's, I just post my live trades, if you lose, you lose with me, if you win, you win with me, but I also agree with buying and holding strategy at this point, if you bought at 70, 100 or so then is good to hold on to it but over that is all risky, remember that 250 is a low that it may retest again and so it may go there, unlikely, but it may go, so I will just buy and sale at this point unless it goes to 450 again that will be a good place to buy and hold half of you position like venzen said and then if it goes lower, another quarter always leave a shot for lower, hope this help.....
The Chonchy
  • #433
  • Dec 8, 2013 2:03am Dec 8, 2013 2:03am
venzen I did what you told me and nothing the money don't go to the balance on my MT4 platform, is on BTC-e but not in MT4, weird ah
The Chonchy
  • #434
  • Dec 8, 2013 2:04am Dec 8, 2013 2:04am
Quoting chonchy
venzen I did what you told me and nothing the money don't go to the balance on my MT4 platform, is on BTC-e but not in MT4, weird ah
it is the same minimum to trade in BTC-e as on MT4? what is the minimum, 0.01 correct?
The Chonchy
  • #435
  • Dec 8, 2013 2:10am Dec 8, 2013 2:10am
Quoting smartypants
{quote} Thanks for the concern, I don't follow anyone's advises with out making up my own view. I dont have time to trade so much, but it's fun to try and learn. Maybe in the future I can do it more. It's sure is interesting times we live in and new opportunities open every day. I'm mining protoshares just for fun. Got about 10 PTS now. -s-
don't know what is a protoshare but it sounds like fun, so you mine? nice......what do you have? asics/avalon or BFLabs or any other? I want to get into mining but don't know what to get, all so expensive now........advice please, somebody, help.......
The Chonchy
  • #436
  • Dec 8, 2013 2:12am Dec 8, 2013 2:12am
I think this is a good rig but I don't know for sure.....

http://thumbs.ebaystatic.com/m/mSyPl...PQP5Mw/140.jpg

http://www.ebay.com/itm/Avalon-ASIC-...21320971129%26
The Chonchy
  • #437
  • Dec 8, 2013 2:14am Dec 8, 2013 2:14am
5 times the power 3 times the price, nice.........I wonder how many BTC per day it mines.....anybody?

http://thumbs.ebaystatic.com/m/ml67d...4BH0VA/140.jpg

http://www.ebay.com/itm/Butterfly-La...21320971129%26

Up for auction I have a Butterfly Labs Mini Rig in good working condition. It gives you 500 GH/s (+/- 10%) of processing power. Photos are of unit without cover as they are currently hashing away and run much cooler without it. It will be professionally packed and shipped FedEx Overnight Priority at my cost. Please note: Due to the nature of bitcoin and the value of this machine I will only accept payment via Bitcoin(at current rate), Wire Transfer, or using Escrow.com. If Escrow.com is your selected payment method the inspection period will be 24 hours. U.S. buyers only on this one. Thanks!!
The Chonchy
  • #438
  • Dec 8, 2013 2:23am Dec 8, 2013 2:23am
there is price difference b/w btc-e and mtgox, which one is leading.
don't predict direction, but dance with flow of water
  • #439
  • Dec 8, 2013 2:32am Dec 8, 2013 2:32am
Quoting priceaction1
there is price difference b/w btc-e and mtgox, which one is leading.
well it looks like BTC-e is a bit higher now so it means price is droping because Mt.Gox is a biger platform, so I think Mt.Gox is leading priceaction1, but price is ranging that is why is hard to see a trade from arbitration now, I see price trying to go to the blue ema 5 on this daily, with his bumps and jumps......on BTC-e that is.....unless is a fundamental action to upset this technical chart, if a news come up it will drop or jump but the chart is technically showing and up move on the daily....is my two cents.......It bounce off the 30 ema chocolate and its going up is my appreciation of the chart, good luck......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 28 KB
The Chonchy
  • #440
  • Edited 2:50am Dec 8, 2013 2:40am | Edited 2:50am
........If I wouldn't be sleeping and see the bounce on this daily, I would of have taken a long to 870 from 710 or so......on BTC-e that is........

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 38 KB


......Is a classic 1,2,3 here in wish 3 targets already hit on the fibo tool and one to go, just set and forget, with stops at +1 nothing can go wrong, sort off, lol......



Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm15.png Size: 31 KB
The Chonchy
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