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Bitcoin technical analysis

  • #1,721
  • Jan 21, 2014 3:12am Jan 21, 2014 3:12am
Quoting KiwiOz
{quote} Hey chonchy. To get your charts back to the past........ 1. Click on the Zoom out icon top of chart. 2. Right click on chart...Properties...common...untick auto scroll... You can the drag the chart back as far as you want. Go back & tick autoscroll later. Cheers

when you know, you know, thanks KiwiOz.....

this is my april moving averages venzen, the same thing, blue and choco over red ema 100, up........then the retrace but they stay up, up it will go when all smaller time frames align or sync......RSI told the story that it was overbought and down she went......is all about focus, focus and patience, discipline and the know how of course, thousands of hours of screen watching, since 2005.....when I started looking at charts, James16 was in high school.......
and still can't trade, or change the auto scrooll on a chart, computer illiterate and trading inpaire, lol


Attached Image (click to enlarge)
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The Chonchy
  • #1,722
  • Jan 21, 2014 3:22am Jan 21, 2014 3:22am
Quoting venzen
{quote} very very fascinating: http://www.ezakwantu.com/Gallery%20T...20Currency.htm Trade beads stopped being used in Africa in the early 20th century but before that (since the Neolithic) they were widely used from Egypt to every corner of the continent - some beads more valuable than others - and of course the more elaboratethe ornament or costume was the more valuable. So a common practice was to make necklaces and armbands of many beads as a display of wealth and also to store the beads - a beadchain...
Uhm beads ah.....interesting.....

http://upload.wikimedia.org/wikipedi...moneta-001.jpg shells were used also I believe .......

......and the first coins, lol.....

http://upload.wikimedia.org/wikipedi...px-BMC_193.jpg

......640 BC....old

http://upload.wikimedia.org/wikipedi...0px-BMC_06.jpg
The Chonchy
  • #1,723
  • Jan 21, 2014 3:28am Jan 21, 2014 3:28am
http://www.calgarycoin.com/primitive1.htm

http://www.vcoins.com/en/stores/calg...y_type=ancient

http://www.vcoins.com/backoffice/upl...2RJoz9TBWp.jpg
The Chonchy
  • #1,724
  • Jan 21, 2014 3:35am Jan 21, 2014 3:35am
Quoting KiwiOz
{quote} Me too. I see 780.. Only above 850 will change my Bear appetite for a beef burger........ {image}

805, 800 I see so far......magenta trend line.......but that 819 can be a pain, ceiling converted into floor, support now where it was resistance before.........

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The Chonchy
  • #1,725
  • Jan 21, 2014 3:39am Jan 21, 2014 3:39am
Quoting chonchy
{quote} I have an exponential moving average blue period 5, one ema choco period 30, and one ema red 100, that is it, when tree of them are in sync is a strong signal for me of price going in one direction or the other, but is very discretionary and I couldn't trade without them, wouldn't know how, MACD and RSI help me a lot, rite now 4H is the boomer, if 4H turn for the up it will break out north, is what I'm hoping to get ready of the longs at the heights up there at 880, so I can buy lower if allow......but this 4H have to align up wish is going...
Here it is chonchy, BTC-e H4 - the April 2013 peak and correction


100 EMA - red
30 EMA - choco
5 EMA - blue
200 EMA - grey

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cryptocurrency everytime
  • #1,726
  • Jan 21, 2014 3:40am Jan 21, 2014 3:40am
Quoting KiwiOz
{quote} Me too. I see 780.. Only above 850 will change my Bear appetite for a beef burger........ {image}

cryptocurrency everytime
  • #1,727
  • Jan 21, 2014 3:44am Jan 21, 2014 3:44am
Hers' a handy indicator for you chonchy..Bring up another Btc chart & put only this indicator on it.....
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 TL_by_Demark_v6.ex4   8 KB | 518 downloads
Money Makes Money
  • #1,728
  • Jan 21, 2014 3:48am Jan 21, 2014 3:48am
Quoting venzen
{quote} Here it is chonchy, BTC-e H4 - the April 2013 peak and correction 100 EMA - red 30 EMA - choco 5 EMA - blue 200 EMA - grey {image}
I see.......
The Chonchy
  • #1,729
  • Jan 21, 2014 3:49am Jan 21, 2014 3:49am
Quoting chonchy
{quote} Uhm beads ah.....interesting..... {image} shells were used also I believe ....... ......and the first coins, lol..... {image} ......640 BC....old {image}

Thanks for posting!

I'm doing some reading about currency... interesting. In history, people would always use something that was locally scarce and only obtainable via foreign trade for their currency. So a coastal town wouldn't use Cowry shells but a town inland would... So imagine if someone in the inland town had a secret Cowry shell farm and just kept introducing new currency without the necessary production of trade goods to bring new shells into the system... eventually the whole thing would backfire and the local economy myteriously inflate because there is ever-increasing imbalance between amount of goods and amount of currency... wow, I sure am glad that kind of thing can't happen today! phew! thank Buddha for banks and politicians and integrity...
cryptocurrency everytime
  • #1,730
  • Jan 21, 2014 3:49am Jan 21, 2014 3:49am
Quoting KiwiOz
Hers' a handy indicator for you chonchy..Bring up another Btc chart & put only this indicator on it..... {image} {file}

I don't know how to put that indi in MT4 KiwwiOz, I trade until yesterday with fxsolutions acucharts, sorry
The Chonchy
  • #1,731
  • Jan 21, 2014 3:54am Jan 21, 2014 3:54am
Quoting venzen
{quote} Thanks for posting! I'm doing some reading about currency... interesting. In history, people would always use something that was locally scarce and only obtainable via foreign trade for their currency. So a coastal town wouldn't use Cowry shells but a town inland would... So imagine if someone in the inland town had a secret Cowry shell farm and just kept introducing new currency without the necessary production of trade goods to bring new shells into the system... eventually the whole thing would backfire and the local economy myteriously...
Yeah thanks God our government don't allow external central banks to print more money out of thing air otherwise we would have a lot of inflation here, gasoline will cost 2 or 3 dollars today, thanks God for Ben Bernanke that won't allow that here today........
The Chonchy
  • #1,732
  • Jan 21, 2014 4:00am Jan 21, 2014 4:00am
When I was a kid of about 3 years old, I once had to sit and wait in the car while my mother went for a job interview. They told her it would take about 30mins but she ended up sitting a proficiency test with a whole group of applicants and then having the interview afterwards and it all took about 1 hour and 45mins. And there was me sitting in the car looking at the same few things for what felt like a lifetime, bored beyond belief. But, still, that was more exciting than watching this BTC chart...
cryptocurrency everytime
  • #1,733
  • Jan 21, 2014 4:04am Jan 21, 2014 4:04am
Quoting venzen
When I was a kid of about 3 years old, I once had to sit and wait in the car while my mother went for a job interview. They told her it would take about 30mins but she ended up sitting a proficiency test with a whole group of applicants and then having the interview afterwards and it all took about 1 hour and 45mins. And there was me sitting in the car looking at the same few things for what felt like a lifetime, bored beyond belief. But, still, that was more exciting than watching this BTC chart...



That is why I alternate with some other pairs.....

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The Chonchy
  • #1,734
  • Jan 21, 2014 4:04am Jan 21, 2014 4:04am
anyone who does not like Bitcoin is simply someone who had the chance to buy it when it was $20 per Bitcoin and missed that chance, and is now a slander of Bitcoin.

Its a fantastic investment if you have made over 3000% in a year, however most people are dying for the price to hit $50 per bitcoin so they can buy, guess what not gonna happen, next time it hits 1000 will be the last time you will see Bitcoin in 3 digits as it is now.

I bought litecoin last year when it was hovering around $2 per coin thats at $23 but i will sell at $47 or at least half my position and then take the rest out when it hits $90
  • #1,735
  • Jan 21, 2014 4:06am Jan 21, 2014 4:06am
Quoting chonchy
{quote} Yeah thanks God our government don't allow external central banks to print more money out of thing air otherwise we would have a lot of inflation here, gasoline will cost 2 or 3 dollars today, thanks God for Ben Bernanke that won't allow that here today........

It's like my father used to say: "When in Rome, do as the Romans do... except when it goes up in flames... then you've gotta run!"
cryptocurrency everytime
  • #1,736
  • Jan 21, 2014 4:09am Jan 21, 2014 4:09am
waiting for a dollar appreciation week, lol......

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The Chonchy
  • #1,737
  • Jan 21, 2014 4:12am Jan 21, 2014 4:12am
Quoting chonchy
{quote} I don't know how to put that indi in MT4 KiwwiOz, I trade until yesterday with fxsolutions acucharts, sorry
That's OK Didn't realise you were so new to mt4.
Download the file to your download folder. Copy & paste it into your mt4 indicators folder.
Go to your computer C drive....open programme files you will see your mt4 folder there, open it click on experts then indicators...paste the file in indicatores folder. close mt4 platform. restart & it will be in with the rest of your indicators in custom indicators..........cheers
Money Makes Money
  • #1,738
  • Jan 21, 2014 4:13am Jan 21, 2014 4:13am
Quoting MikeySym
anyone who does not like Bitcoin is simply someone who had the chance to buy it when it was $20 per Bitcoin and missed that chance, and is now a slander of Bitcoin. Its a fantastic investment if you have made over 3000% in a year, however most people are dying for the price to hit $50 per bitcoin so they can buy, guess what not gonna happen, next time it hits 1000 will be the last time you will see Bitcoin in 3 digits as it is now. I bought litecoin last year when it was hovering around $2 per coin thats at $23 but i will sell at $47 or at least...
.......Rite on this is the kind of people that we need in this thread, I didn't bought at $ 20 a tulip and I still love BTC, thanks for posting here MikeSym, welcome, I'm sure venzen will love to heard that......
The Chonchy
  • #1,739
  • Jan 21, 2014 4:15am Jan 21, 2014 4:15am
Quoting KiwiOz
{quote} That's OK Didn't realise you were so new to mt4. Download the file to your download folder. Copy & paste it into your mt4 indicators folder. Go to your computer C drive....open programme files you will see your mt4 folder there, open it click on experts then indicators...paste the file in indicatores folder. close mt4 platform. restart & it will be in with the rest of your indicators in custom indicators..........cheers
thanks KiwiOz, I appreciated .....
The Chonchy
  • #1,740
  • Jan 21, 2014 4:15am Jan 21, 2014 4:15am
Quoting MikeySym
anyone who does not like Bitcoin is simply someone who had the chance to buy it when it was $20 per Bitcoin and missed that chance, and is now a slander of Bitcoin. Its a fantastic investment if you have made over 3000% in a year, however most people are dying for the price to hit $50 per bitcoin so they can buy, guess what not gonna happen, next time it hits 1000 will be the last time you will see Bitcoin in 3 digits as it is now. I bought litecoin last year when it was hovering around $2 per coin thats at $23 but i will sell at $47 or at least...

hi MikeySim,

Thanks for posting and welcome!

Indeed - a great instrument and a great social/economic experiment. Whether we buy-and-hold or long and short, there are plenty opportunities - except the last few days things have been very slow, so a breakout in the making.

True what you say, quite a few people have come here to post "you losers are investing in a worthless email scam" or "this thing is going to crash like every other Tulip mania bubble before", etc... but when we prodded them enough about why Bitcoin gave them indigestion they ended up admitting that it was because they failed to spot the opportunity and would feel better if they could just have an opportunity to buy in lower down. And, sure, it ain't gonna happen. That ship sailed when the horse bolted out the gate - frightened by the sound of the train leaving the station!
cryptocurrency everytime
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