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Bitcoin technical analysis

  • #4,501
  • Mar 9, 2016 11:21am Mar 9, 2016 11:21am
Quoting andoseg2
{quote} There is no reason for me to suspect a fall now. As I described above, a deep correction can take place but the SL should be OK because there is enough room to let the correction to complete. But a fall, in terms of trend, I do not supect in near future. Contrary, I suspect a strong UPTREND
maybe we are talk about diferent ranges of moves, I guess for you +/- 70 u$d isnt a big move in this currecy.
When I talk about a fall I was mean exactly this last fall . this moves are big for my maybe for the inexperience with this roallercoaster bitcoin.
Anyway your analisys is almos perfect, as if you where the market maker
Sorry about my english
  • #4,502
  • Mar 10, 2016 2:15am Mar 10, 2016 2:15am
Quoting garbulus
{quote} maybe we are talk about diferent ranges of moves, I guess for you +/- 70 u$d isnt a big move in this currecy. When I talk about a fall I was mean exactly this last fall . this moves are big for my maybe for the inexperience with this roallercoaster bitcoin. Anyway your analisys is almos perfect, as if you where the market maker Sorry about my english
Indeed the correction was more deeper than expected but is still a correction and according to risk management no loss should be present .

Update :

Demand found @ 390$ . Technically there is a confluence of : trendline + 50% fibonacci + prior resistance that become support. Insuficcient demand to absorb the supply @ 417$ but according to what it happen in this area, demand is growing and there is a high probability of a breakout to the upside.

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Money moves the market, not an indicator.
  • #4,503
  • Mar 10, 2016 2:27am Mar 10, 2016 2:27am
Quoting garbulus
Nice moment to buy. But can it touch 350 before thebreak?
The overall trend is UP for me . Every possibility exist but i prefer to trade only in the direction of major trend . If the price will fall till 350 , it's free to do as he wish . I have no reason to go short, I will looking only for longs.
Money moves the market, not an indicator.
  • #4,504
  • Mar 10, 2016 10:27pm Mar 10, 2016 10:27pm
....Good charts like usual andoseg2.....

....Nice read about bitcoin, venzen you are going to like it.....

http://motherboard.vice.com/read/bit...-necker-island
The Chonchy
  • #4,505
  • Mar 20, 2016 11:23am Mar 20, 2016 11:23am
Quoting andoseg2
{quote} Indeed the correction was more deeper than expected but is still a correction and according to risk management no loss should be present . Update : Demand found @ 390$ . Technically there is a confluence of : trendline + 50% fibonacci + prior resistance that become support. Insuficcient demand to absorb the supply @ 417$ but according to what it happen in this area, demand is growing and there is a high probability of a breakout to the upside. {image}
update :
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Quoting chonchy
....Good charts like usual andoseg2..... .
Thank you chonchy
Money moves the market, not an indicator.
  • #4,506
  • Mar 20, 2016 3:26pm Mar 20, 2016 3:26pm
Quoting andoseg2
{quote} update : {image} {quote} Thank you chonchy
...Great analisis, I will be following you to buy physical....
The Chonchy
  • #4,507
  • Mar 21, 2016 12:39am Mar 21, 2016 12:39am
Quoting andoseg2
I am confident this will be the breakout of the year : {image}
Update :

A more detailed view of crypto :

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Quoting chonchy
{quote} ...Great analisis, I will be following you to buy physical....
Wish you great earnings !
Money moves the market, not an indicator.
  • #4,508
  • Mar 27, 2016 3:13pm Mar 27, 2016 3:13pm
Quoting andoseg2
{quote} update : {image} {quote} Thank you chonchy
Update :

Trade triggered, time to adjust SL :

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Money moves the market, not an indicator.
  • #4,509
  • Mar 28, 2016 12:28am Mar 28, 2016 12:28am
Quoting andoseg2
{quote} Update : Trade triggered, time to adjust SL : {image}
...Nice trade, wish you well Sir....
The Chonchy
  • #4,510
  • Mar 29, 2016 2:01am Mar 29, 2016 2:01am
Quoting andoseg2
{quote} Update : Trade triggered, time to adjust SL : {image}
Update :

Thank's the same chonchy

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Money moves the market, not an indicator.
  • #4,511
  • Mar 31, 2016 12:26am Mar 31, 2016 12:26am
Quoting andoseg2
{quote} Update : Thank's the same chonchy {image}
Update : it seem a SL was hit and depending of your expectations you should lose 0% or the worst scenario you should lose only 0.2% of your initial risk due to the aggresive risk management.

Rising wedge is about to form, signaling unpatience of buyers. Most probable next week there will be the breakout we are waiting for, this will be the entry I would take if the price break above :

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Money moves the market, not an indicator.
  • #4,512
  • Mar 31, 2016 12:34am Mar 31, 2016 12:34am
Also, there is an aggresive long entry opportunity but it's more risky than usual and I don't recommend taking this because is a more gambling than trading :

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Money moves the market, not an indicator.
  • #4,513
  • Apr 5, 2016 5:53am Apr 5, 2016 5:53am
Quoting andoseg2
Also, there is an aggresive long entry opportunity but it's more risky than usual and I don't recommend taking this because is a more gambling than trading : {image}
Update :

Gamblers are lucky, they should modify the SL as below :
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Update 2 :

Conservative long term trade opportunity :

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Money moves the market, not an indicator.
  • #4,514
  • Apr 5, 2016 4:07pm Apr 5, 2016 4:07pm
Quoting andoseg2
{quote} Update : Gamblers are lucky, they should modify the SL as below : {image} Update 2 : Conservative long term trade opportunity : {image}
this is going to be interresting....
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lets see how this situation will resolve itself...
  • #4,515
  • Apr 5, 2016 7:16pm Apr 5, 2016 7:16pm
For those of you in on a long position........It's coming!
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Money = Labour coupons
  • #4,516
  • Apr 11, 2016 1:04am Apr 11, 2016 1:04am
Quoting andoseg2
Update 2 : Conservative long term trade opportunity : {image}
Update : still waiting for trade to trigger on the buy side :

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Money moves the market, not an indicator.
  • #4,517
  • Apr 15, 2016 2:01pm Apr 15, 2016 2:01pm
As usual your predictions are right. Wich is the value you expect for the btc??
  • #4,518
  • Apr 17, 2016 2:45pm Apr 17, 2016 2:45pm
I don't know if you know but these guys have live bitcoin technical analysis: https://whaleclub.co/ideas

Some days they post upwards of 100 ideas, free, in real-time, sure you need to filter out the good ones and you can select which users you want to receive ideas from. my favorite are lowstrife, MagnusTrading

Anyway can't say enough good things about them and thought might add value here. They also added Forex ideas recently which is pretty awesome if you trade fx.
  • #4,519
  • Apr 20, 2016 4:50am Apr 20, 2016 4:50am
Quoting andoseg2
{quote} Update : still waiting for trade to trigger on the buy side : {image}
Update :

trade triggered, time to manage risk :

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Money moves the market, not an indicator.
  • #4,520
  • Apr 21, 2016 2:05am Apr 21, 2016 2:05am
Quoting andoseg2
{quote} Update : trade triggered, time to manage risk : {image}
Update :

Consider to take risk management decision . Traders have two options :
1. let the SL where it is now and adjust SL progressively in profit, but that mean they will still be exposed with 50% from initial risk (e.g if you were long with 1% risk, now you should be long with 0.5% due to risk reduction but with same profit potential because you did not covered your trade)
2. cover your trade resulting in a riskfree trade but with 0.5% profit potential because you cover your trade right now and the potential profit factor will decrease with 50% , That mean when your trade will achieve 1:2 risk:reward, in fact you will earn 1:1 risk:reward but you are covered early toward unknown future.

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Money moves the market, not an indicator.
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