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Bitcoin technical analysis

  • #481
  • Dec 9, 2013 5:32am Dec 9, 2013 5:32am
Quoting chonchy
.......It looks like rejection a the 61.8 fibo here ah.......forming like a resistance there.... {image}
...Looks like is trap bet wing a hard place and a rock again, but I think another intent to break the 61.8 is on the cards here........

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm15.png Size: 32 KB
The Chonchy
  • #482
  • Dec 9, 2013 5:41am Dec 9, 2013 5:41am
Quoting chonchy
{quote} ...Looks like is trap bet wing a hard place and a rock again, but I think another intent to break the 61.8 is on the cards here........ {image}
We are in the middle of no where here, my plan is to wait for a move to the upper part of the range to sale or a move to the lower part of the range to buy.....good luck if you want to get in here to where? maybe a hedge ah? long and short from here.....


Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 30 KB
The Chonchy
  • #483
  • Dec 9, 2013 6:04am Dec 9, 2013 6:04am
one last up side move, and I will be out.
http://charts.mql5.com/3/281/btcusd-...enterprise.png
don't predict direction, but dance with flow of water
  • #484
  • Dec 9, 2013 7:37am Dec 9, 2013 7:37am
why not go for lit coin???
don't predict direction, but dance with flow of water
  • #485
  • Dec 9, 2013 7:44am Dec 9, 2013 7:44am
Quote
Bitcoin's off about 25% from the session high of $1,155 as Bloomberg reports Baidu has stopped accepting it as payment due to heavy fluctuation in the currency's valuation.

It looks the concern I expressed earlier is shared by others.
  • #486
  • Dec 9, 2013 9:50am Dec 9, 2013 9:50am
Quoting priceaction1
one last up side move, and I will be out. {image}
wow nice priceaction1, nice going........congrats.....
The Chonchy
  • #487
  • Dec 9, 2013 9:51am Dec 9, 2013 9:51am
Quoting priceaction1
why not go for lit coin???
lite coin is good too, a friend trade lite coins and then trade them for bitcoins.....
The Chonchy
  • #488
  • Dec 9, 2013 9:52am Dec 9, 2013 9:52am
Quoting grin
{quote} It looks the concern I expressed earlier is shared by others.
yes there is a lot of concerns out there......
The Chonchy
  • #489
  • Dec 9, 2013 10:05am Dec 9, 2013 10:05am
Quoting priceaction1
one last up side move, and I will be out. {image}
you should be out by now priceaction1 with a nice profit, more than 1oo points, wow, nice.........
The Chonchy
  • #490
  • Dec 9, 2013 12:01pm Dec 9, 2013 12:01pm
bit out of topic, is it any coin is there for mining on normal computer system. I have free electric city too for this purpose.
don't predict direction, but dance with flow of water
  • #491
  • Dec 9, 2013 1:35pm Dec 9, 2013 1:35pm
Quoting priceaction1
bit out of topic, is it any coin is there for mining on normal computer system. I have free electric city too for this purpose.

hi pa1,

yes, you can do that - your profitability is in the free electricity because you're going to need the following:

1) as many Nvidia GeForce 8500/9000 GPU cards as your PC will take
2) fans to keep them cool
or

2) a USB hub full of "Eruptor Blocks"

The USB option is better IMO, check some previous posts in the thread for examples and dicussion.
cryptocurrency everytime
  • #492
  • Dec 9, 2013 1:38pm Dec 9, 2013 1:38pm
Quoting grin
{quote} It looks the concern I expressed earlier is shared by others.
hi grin,

Yes, this is the thing with Bitcoin: lots of regulation/acceptance factors causing hope and fear which drives up the volatility and induces massive moves. It's like what FOMC does to forex and wartalk does to commodities - you just have to follow the news and guage what the market reaction will be, find some technical levels and then trade accordingly.
cryptocurrency everytime
  • #493
  • Dec 9, 2013 1:58pm Dec 9, 2013 1:58pm
Quoting priceaction1
bit out of topic, is it any coin is there for mining on normal computer system. I have free electric city too for this purpose.
quarkcoin, protoshare and primecoin
BTC FTW
  • #494
  • Dec 9, 2013 3:43pm Dec 9, 2013 3:43pm
Attached Image
Nil desperandum
  • #495
  • Dec 10, 2013 12:35am Dec 10, 2013 12:35am
Quoting vincentprice
{image}
..........As long as this daily looks like this I have no problem with the roller coaster, as long as always up lol....

you know we are going for the 100% fibo, triple top and possibly break of that top do you? and like I told a friend of mine, as long as this is up my acc is up, I bought some more mBTC's so I'm up now........without trading, lol, is this a nice instrument to trade or what?

Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 30 KB
The Chonchy
  • #496
  • Dec 10, 2013 1:59am Dec 10, 2013 1:59am
..........It want to go up, up and away........go BTC, go.........

Inserted Video
The Chonchy
  • #497
  • Dec 10, 2013 2:54am Dec 10, 2013 2:54am
Quoting priceaction1
one last up side move, and I will be out. {image}
did you close them all or did you leave some running?
The Chonchy
  • #498
  • Dec 10, 2013 2:57am Dec 10, 2013 2:57am
....Now is using the 61.8 as a floor, lets hope it hold, so it become a strong support.........yes weeeeeeeeeee......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 29 KB
The Chonchy
  • #499
  • Dec 10, 2013 3:43am Dec 10, 2013 3:43am
I am still in!!!!!
don't predict direction, but dance with flow of water
  • #500
  • Dec 10, 2013 4:30am Dec 10, 2013 4:30am
Quoting priceaction1
I am still in!!!!!
good congrats, secure it with a stop at +1 and let it run, if it goes, it goes, if not, no bigie, rinse and repeat......
The Chonchy
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