Bitcoin technical analysis

Quoting venzen

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{quote} Good for you and enjoy the ride - there is no clear sign it's about to stop... What would make you to exit your position and take profit? Or are you perhaps thinking of not taking profit and adding?

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Quoting Ozes

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{quote} Yeah trying to figure that out... Dont know what to make of all this... my thoughts are to not take profits and add in on pullbacks and take .10 to deposit on btc-e to trade with... is this what you were looking at? {image}

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Quoting KiwiOz

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All targets hit & all is well. Or is it.? There is still the target at 1224 on my charts. This I did not expect to see before a decent pull back. 1224 is what I call an extreme target. When my platform opened this morning I took profit immediately as there is an enormous GAP which under normal forex conditions I would expect to be filled before a continuance of the uptrend. This is however a different beast we have here. By watching other bitcoin brokers sites over the weekend, I realised this beast trades 24/7. Not 24/5 as other forex pairs do....

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Quoting venzen

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{quote} lady_luck, this is a valid count and may very well be what's happening. If we consider the count you show then 2 questions jump out at me: 1) Where is the big money? Presumably it's not the newly arrived big players who took BTC to the ATH. I don't see evidence (from the blockchain) or orderbook that big money is piling in. As you say, if this is a 5th wave then they would sit it out. But they never got in in the first place - the current hype is a result of that ATH that was achieved without any major players onboard. Their absence in the...

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Quoting Meskun

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How much leverage you can use when you trade Bitcoin?

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Quoting lady_luck

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{quote} Good morning everyone For the question 2), in the hypothesis this is of 5 of I (sorry i might have used wrongly the historical III, IV and V labels again), it could make sens : there is quiet a lot of permabear out there still believing in the "end of january 2014 post-apocalyptic economic mayhem". I don't. But they sure have followers, and those prediction can be sometime self-fulfilling -to some extend. That could be an option supporting a wave II, up to the point when the rest of the markets prove it wrong and confidence is restore...

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Quoting chonchy

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......My daily also show a gap but I'm not worried about it because 4Hours is not showing it, so I assume is a platform issue, maybe daily don't show it and 4H is, my 4H also show that price already corrected to the blue ema 5, and should continue after that the up move, if not then is going down to the choco line 3ma 30 on the one Hour chart, trade accordingly, good luck........ {image} {image}

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Quoting venzen

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{quote} chonchy, i also see that gap on the daily but it's not there on 4H. So far your MA method has worked well so I'm assuming you're right: blue or choco - I think choco...

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Quoting venzen

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{quote} hi lady_luck, well yes, if the economy is going to implode then we're all back in the stone age so these guys going on about apocalypse must enjoy themselves while they can! We don't know what's coming so any wave could go in any direction - i decided to hedge myself evenly either way to just end the agony of watching price diverge the indicators over and over. If I was participating in the move I would probably have the optimism to recalibrate my indicators to Bitcoin's wave personality... I've stopped counting waves for now because i actually...

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