Bitcoin technical analysis | Page 37 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #721
  • Dec 19, 2013 9:38am Dec 19, 2013 9:38am
Quoting aristotel
{quote} Hi Venzen, I agree that it is a lot of fun to buy and sell into bubbles, but I have resentments on anything that is a Ponzi scheme. I follow your EWA based predictions with real interest and I find them (and you really good, but the practical reality is that gold will be really soon a simple commodity and bitcoin another successful bubble story in the Tulip book. These are my fundamental predictions.
Hi Aristoteles,

You should read this article to better understand the technology.
http://www.michaelnielsen.org/ddi/ho...ctually-works/

You will understand that it's nothing similar that has existed.

Maybe it's a bit hard core, but that is the price to pay understand bitcoin and crypto coins. Most people don't understand how usd is created, stored and transfered, but they still use it every day.

-s-
BTC FTW
  • #722
  • Dec 19, 2013 9:42am Dec 19, 2013 9:42am
Does anyone have any experience with trading Bitcoin futures with icbit.se?
They enable leveraged long and short positions.
  • #723
  • Edited 8:10pm Dec 19, 2013 11:55am | Edited 8:10pm
Quoting aristotel
{quote} Hi Venzen, I agree that it is a lot of fun to buy and sell into bubbles, but I have resentments on anything that is a Ponzi scheme. I follow your EWA based predictions with real interest and I find them (and you really good, but the practical reality is that gold will be really soon a simple commodity and bitcoin another successful bubble story in the Tulip book. These are my fundamental predictions.
.....
.......So what do you think has intrinsic value? a corvete or chevy chevelle? well then trade the BTC make some not fiat money, "Dollars" or what you think is not fiat, and buy a corvete, we are not telling you to keep the BTC, we just want to trade it, make money with it, I'm trading mine for tulips bulbs, oh no wait that Is not a real money, well I will keep the dollars wish are the legal tender for the elite, so that way I help the elite to keep controling me.......after all they are the government and they know best for us, rite?
The Chonchy
  • #724
  • Dec 19, 2013 12:01pm Dec 19, 2013 12:01pm
Quoting chonchy
{quote} yep I will say 373 is the bottom of the channel...... {image} also this weekly fibo 23.1 is as good as any to bounce up again..... {image}
......I don't think the bothom of the channel is being reach yet, a touch of this blue ema 5 and bounce is my prediction, I could be wrong that is why I'm using a very tite stop on the short, red ema 100 or 373 still is the next target.......is my two cents and OHO....



Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 34 KB
The Chonchy
  • #725
  • Dec 19, 2013 1:56pm Dec 19, 2013 1:56pm
"Until 2011 the investment safe havens of choice were gold and silver; prior to that it was real estate. The new alternative investment versus the dollar is growing in popularity and becoming more widely accepted as a legitimate financial vehicle. I'm referring to Bitcoins, the open-source, peer-to-peer payment network and digital currency"

http://www.safehaven.com/article/321...ise-of-bitcoin




Hi Chonchy,
I fully agree, it is a short-cut to gains for casino lucky masters.
But but but if you do not agree with my views I suppose you also have a problem with those that see bitcoin as a possibly successful medium of exchange.

And excuse me, the elite owns the fiat, the rest has... debts denominated mostly in dollars.
Oh, if you are free of debt the elite controls your freedom degree through real estate, gold or bitcoin stories.
  • #726
  • Dec 19, 2013 2:33pm Dec 19, 2013 2:33pm
Funny how my real world job is to help the Elite with computer problems. Welcome to the new 1337 :-)
BTC FTW
  • #727
  • Dec 19, 2013 3:09pm Dec 19, 2013 3:09pm
Quoting aristotel
"Until 2011 the investment safe havens of choice were gold and silver; prior to that it was real estate. The new alternative investment versus the dollar is growing in popularity and becoming more widely accepted as a legitimate financial vehicle. I'm referring to Bitcoins, the open-source, peer-to-peer payment network and digital currency" http://www.safehaven.com/article/321...ise-of-bitcoin Hi Chonchy, I fully agree, it is a short-cut to gains for casino lucky...
I understand what you are saying, all though I own the small house I live in, is paid for, true hard work in the marble business.......

Attached Image (click to enlarge)
Click to Enlarge Name: IMAG0569.jpg Size: 1.1 MB
Attached Image (click to enlarge)
Click to Enlarge Name: IMAG0576.jpg Size: 976 KB


........and I also sale electric bikes, electric cars and electric boats, to make an extra buck to throw it away in the casino of forex and BTC......

Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: 100_1118.JPG Size: 1.2 MB


.......don't own a car myself so no debts to the elite that you so much support and slave you, but let me tell you some, BTC is here to stay, either you like it or not, BTC is a good tradable instrument and if you don't take this bounce you won't be able to buy or own none of the things you want, so take this bounce here at the 23.6 and go short now and you should have gone short when I said so, instead of fighting with yourself in a no win situation, you are supporting an evil elite empire that is due to fail like since the beginning of time, cause if you think the devil is wining think again, first he sanded his son to paid for the sinners and resurrect among the death and now he sanded Bitcoin to destroy the elite and all supporters, lol.......

.......so take this bounce please and make some money and stop feeding your ego, you know BTC is in deed a good instrument to trade, better than most bubble's, and I know we all live in a bubble, but lets help each other and get out, unless you like it, some of us are pain lovers........

bounce here at the chocolate ema 30, I think a retest of the lower trend line to scare the bulls, maybe in the cards......so short here with a tite stop.......
The Chonchy
  • #728
  • Dec 19, 2013 3:10pm Dec 19, 2013 3:10pm
.........Ups forgot chart, sorry.....

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 36 KB
The Chonchy
  • #729
  • Dec 19, 2013 3:28pm Dec 19, 2013 3:28pm
Quoting aristotel
"Until 2011 the investment safe havens of choice were gold and silver; prior to that it was real estate. The new alternative investment versus the dollar is growing in popularity and becoming more widely accepted as a legitimate financial vehicle. I'm referring to Bitcoins, the open-source, peer-to-peer payment network and digital currency" http://www.safehaven.com/article/321...ise-of-bitcoin Hi Chonchy, I fully agree, it is a short-cut to gains for casino lucky...
.........Or eather you are too young, too naïve or you are very evil man because to say that Dr. Ron Paul is wrong and the government and the clowns like Milton Freeman and his Keynesian economy, are rite, is something very wrong up there , "more debt get us out of debt", lol yeah that is why the cninese people is so much in debt, lol and they own the world now, or soon....

"So that is why ABCT is wrong. It greatly exaggerates the importance of interest rates and completely misunderstands the causes and solutions to recessions. The evidence does not support it and instead shows many examples of times when changes in the interest rates did not have the extreme results predicted. Its refusal to fight recessions is not only wildly incorrect, but positively dangerous. Even conservative icon Milton Friedman declaredthat “I think the Austrian business-cycle theory has done the world a great deal of harm.” In making the governmentthe scapegoat for recessions they blind themselves to the solution. There just isn’t the evidence to support the ABCT and were governments to ever fall under its sway, then disaster would result."

from the archives of the great aristotel........http://romanianuda.blogspot.ro/
The Chonchy
  • #730
  • Edited 8:18pm Dec 19, 2013 3:40pm | Edited 8:18pm
Quoting aristotel
"Until 2011 the investment safe havens of choice were gold and silver; prior to that it was real estate. The new alternative investment versus the dollar is growing in popularity and becoming more widely accepted as a legitimate financial vehicle. I'm referring to Bitcoins, the open-source, peer-to-peer payment network and digital currency" http://www.safehaven.com/article/321...ise-of-bitcoin Hi Chonchy, I fully agree, it is a short-cut to gains for casino...


.......Is easy to blame the markets and accuse them of casino's, when I started and got margin called or make huge gains, used to call them also casino, but after I went true a lot of study, screen time and the help of a lot of good people at Forex Factory, don't call it a casino anymore, for me is a calculated risk and what is not, I wonder if you make any money talking all that nonsense about Austrian economy in that blog of yours, but please if you want to keep this argument that is not a conversation anymore I suggest you go here........http://www.forexfactory.com/showthre...98#post7160498 this is where we talk about nonsense all the time and listen to people like you, but please don't punish this novel thread that is blessed with so many good people that want just to trade, not talk bad about a good instrument to trade, like BTC, thanks in advance........

sorry venzen I couldn't hold, so sorry.............
The Chonchy
  • #731
  • Dec 19, 2013 7:35pm Dec 19, 2013 7:35pm
......Is fighting be twin those two ema's let see wish one gives .........



Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 36 KB
The Chonchy
  • #732
  • Edited 8:23pm Dec 19, 2013 7:47pm | Edited 8:23pm
Quoting aristotel
"Until 2011 the investment safe havens of choice were gold and silver; prior to that it was real estate. The new alternative investment versus the dollar is growing in popularity and becoming more widely accepted as a legitimate financial vehicle. I'm referring to Bitcoins, the open-source, peer-to-peer payment network and digital currency" http://www.safehaven.com/article/321...ise-of-bitcoin Hi Chonchy, I fully agree, it is a short-cut to gains for...
....Apparently you pay attention to every body out there, because it has to be unfair to compare tulips to bitcoin, you can grow as many tulips as you want, you can only mine 21 million BTC's, you can farm as many tulips as you want with a fix cost per flower bulb, to mine a BTC you need a faster computer, at a very high cost of electricity and with the increase in difficulty the miner rig is more expensive every time, to the point of no return or less return than before, so to compare the two is not fair, not to mention that they can confiscate all the tulips you make so the government agents can travel in style, but they can take your btc from you unless you buy and sale drugs, so to each its own, I buy bitcoins and sale them and make a profit until I can......
The Chonchy
  • #733
  • Dec 19, 2013 7:58pm Dec 19, 2013 7:58pm
Quoting venzen
I know what: stay up until dawn counting waves - why sleep? The first longer term shart shows an overview of the diagonal count I've been talking about as well as some key levels. The second chart has details of the recent decline. Apologies, I know these are busy charts but these are busy times... {image}
Hello,
Venzen, I think this is the best count so far Even so we all agree being in wave 4, mine was wrong, It just overlap.
I agree with you Chonchy, I think 740 is going to be a strong resistance, with the fib you mentioned and the daily sma 50 around the same level.
And I guess I was wrong, there was no triangle after all, may be it will turn out into a reversed symmetrical, but I doubt it.
RSI and MACD look like it could start soon, but wave 4 can last as long as twice (1 or 2.7 exactly) as wave 2. So patience for now...

I thought again about the fundamentals,
It's funny because currencies are backed by : 1)Trust 2)gold 3)patriotism and BTC is backed by : 1)a whole lot of trust 2) power/hardware cost 3)hope.
Also yes, as Chonchy said, since the early age of Man history, and capitalism, no value has ever been intrinsic, it's based on surplus and retribution against difficulty/rarity. Once again bitcoin fit the definition.
Ponzi is the only definition bitcoin doesn't fit, nobody here is using one investor money to repay the other promising both something which doesn't exist.
We are trading share of a space on the blockchain.
  • #734
  • Dec 19, 2013 8:06pm Dec 19, 2013 8:06pm
that should be buy signal rite?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #735
  • Dec 19, 2013 8:28pm Dec 19, 2013 8:28pm
Quoting lady_luck
{quote} Hello, Venzen, I think this is the best count so far Even so we all agree being in wave 4, mine was wrong, It just overlap. I agree with you Chonchy, I think 740 is going to be a strong resistance, with the fib you mentioned and the daily sma 50 around the same level. And I guess I was wrong, there was no triangle after all, may be it will turn out into a reversed symmetrical, but I doubt it. RSI and MACD look like it could start soon, but wave 4 can last as long as twice (1 or 2.7 exactly) as wave 2. So patience for now... I thought...
The Chonchy
  • #736
  • Dec 19, 2013 8:32pm Dec 19, 2013 8:32pm
Quoting lady_luck
{quote} Hello, Venzen, I think this is the best count so far Even so we all agree being in wave 4, mine was wrong, It just overlap. I agree with you Chonchy, I think 740 is going to be a strong resistance, with the fib you mentioned and the daily sma 50 around the same level. And I guess I was wrong, there was no triangle after all, may be it will turn out into a reversed symmetrical, but I doubt it. RSI and MACD look like it could start soon, but wave 4 can last as long as twice (1 or 2.7 exactly) as wave 2. So patience for now... I thought...

I wouldn't buy or sale just yet, I will look at price action and look for an impulsive candle at the break of either one of this ema's then look for the retest and jump in that way with a tite stop, remember calculated risks only is the name of the game, my two cents....

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 36 KB
The Chonchy
  • #737
  • Dec 19, 2013 8:39pm Dec 19, 2013 8:39pm
....One Hour is trying to go up but the resistance in 4 Hours with that fibo and ema chocolate, is holding, but one hour can go down a bit, pick up force and then come and break resistance to the up side.......we will have to wait and see.......so patience...

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 35 KB
The Chonchy
  • #738
  • Dec 19, 2013 8:46pm Dec 19, 2013 8:46pm
we need one hour MACD and 4 hour MACD to point together to the up side or to the down side, but one pointing up and one pointing down, price won't go anywhere, they must sinc........

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 36 KB
The Chonchy
  • #739
  • Dec 19, 2013 10:16pm Dec 19, 2013 10:16pm
Still my view...headed to $400.00 for last couple of waves, me thinks!
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 64 KB
  • #740
  • Dec 20, 2013 12:06am Dec 20, 2013 12:06am
Tribute to the great Nelson Mandela

http://b-i.forbesimg.com/mfonobongns...12/Mandela.jpg

How could I forget? Too busy working to pay respects? Better late than never!

Thank you, Tata Mandela, and farewell. Guide us from the realm of our Ancestors.

http://l.yimg.com/j/assets/p/sp/edit..._interview.jpg

In that spirit, everyone is free to express themselves here - delivered with respect - every view is welcome for participants to listen, consider and discuss. Boxing is allowed - so long as you stick to the rules of the game!
cryptocurrency everytime
0 traders viewing now