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Bitcoin technical analysis

  • #4,901
  • Jun 18, 2017 1:36am Jun 18, 2017 1:36am
On weekends Bitcoin usually goes up along with Zcash and Ethereum
  • #4,902
  • Jun 18, 2017 10:32am Jun 18, 2017 10:32am
Some EW technical analysis :
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  • #4,903
  • Jun 18, 2017 10:33am Jun 18, 2017 10:33am
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Source: full article below

https://www.cryptocoinsnews.com/inte...s-recent-fall/
  • #4,904
  • Jun 18, 2017 12:35pm Jun 18, 2017 12:35pm
Well in my own elliot (because there are a lot of fools participating)
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  • #4,905
  • Jun 18, 2017 1:27pm Jun 18, 2017 1:27pm
Well in my foolish EW opinion I also see waves 3 and 4 as complete but not 5. Need to have lower momentum which it didn't have at most recent top. Second chart is where I see a possible fib zone for wave 5 - subject to possible adjustment as final wave unfolds of course:
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  • #4,906
  • Jun 18, 2017 5:59pm Jun 18, 2017 5:59pm
Quoting deltaone
{quote} im just executing my plan. risk budget rules: third entry is 3100. tp for that one 2500 (+600) . no more short entries after that. closing all at 3700 if so, reaching risk budget limit. good luck for your longs.
May I ask what is the method used to find 3100 as an entry point ?
Thanks
  • #4,907
  • Jun 18, 2017 6:05pm Jun 18, 2017 6:05pm
On long term, Fib extension display as below:

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However I'm still not sure how and when we get there.
  • #4,908
  • Jun 18, 2017 6:13pm Jun 18, 2017 6:13pm
Let's first see on H4 where the next cycle high completes.

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  • #4,909
  • Jun 18, 2017 6:21pm Jun 18, 2017 6:21pm
On tf D1 there seems to be a RSI divergence. Higher highs in price, but lower highs in rsi. Just saying.

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I'll be happy to short from 3100 - 3140 area, but still need to figure out how and when we get there. The current H4 cycle doesn't seems the one getting us there yet.
Let's see.
  • #4,910
  • Jun 18, 2017 6:27pm Jun 18, 2017 6:27pm
Quoting vaidas7777
Well in my own elliot (because there are a lot of fools participating) {image} {image}
Would you say ETH is lagging on BTC ?
  • #4,911
  • Jun 20, 2017 12:52am Jun 20, 2017 12:52am
$400 broken.. $500 next?? Get ready New high today and more new highs coming
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  • #4,912
  • Jun 20, 2017 7:27am Jun 20, 2017 7:27am
IMO BIT and ETH look to be slowing again. Maybe slowing enough to turn down and not make new HH's any time soon.
  • #4,913
  • Jun 20, 2017 10:27am Jun 20, 2017 10:27am
Quoting SunTrader
IMO BIT and ETH look to be slowing again. Maybe slowing enough to turn down and not make new HH's any time soon.
This one will list soon and should be very good. One can easily double their money with this one. This should also help ETH.

Watch
  • #4,914
  • Edited 5:20pm Jun 20, 2017 1:41pm | Edited 5:20pm
Quoting Delta1One
Let's first see on H4 where the next cycle high completes. {image}
Looks like we reached that point.

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  • #4,915
  • Edited 5:45pm Jun 20, 2017 5:21pm | Edited 5:45pm
I'm wondering if some shorts could work out from that level ?

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  • #4,916
  • Jun 20, 2017 5:48pm Jun 20, 2017 5:48pm
Cycle high seems completed on H1
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  • #4,917
  • Jun 20, 2017 6:17pm Jun 20, 2017 6:17pm
@Venzen:

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Bitcoin CFD are available on some MT4 brokers, along with some other cryptos like Ethereum, Dash, Litecoin, etc...

What sucks is leverage and margin requirement. No leverage 400:1 there. Max I found was 50:1 on weekly contracts but was removed recently. Now best deal seems to be 10:1.

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Spread also sucks. But very lively when this thing start moving...
  • #4,918
  • Jun 20, 2017 7:09pm Jun 20, 2017 7:09pm
Quoting Delta1One
@Venzen: {image} Bitcoin CFD are available on some MT4 brokers, along with some other cryptos like Ethereum, Dash, Litecoin, etc... What sucks is leverage and margin requirement. No leverage 400:1 there. Max I found was 50:1 on weekly contracts but was removed recently. Now best deal seems to be 10:1. {image} Spread also sucks. But very lively when this thing start moving...
I would imagine the spreads are quite pathetic. Probably like some SPY options spreads

Rally just starting..?

http://www.cnbc.com/2017/06/20/jerem...-continue.html
  • #4,919
  • Jun 21, 2017 12:38am Jun 21, 2017 12:38am
Hi Stylinex, as per your article, I would expect gold to rally as well then. The real mover with bitcoin now is the Segwit topic.

A tech issue around the bitcoin. Good news around that move it up, bad ones send it down.
Google Segwit and get some news rss feeds.

Cheers.
  • #4,920
  • Jun 21, 2017 1:45am Jun 21, 2017 1:45am
Quoting Delta1One
Hi Stylinex, as per your article, I would expect gold to rally as well then. The real mover with bitcoin now is the Segwit topic. A tech issue around the bitcoin. Good news around that move it up, bad ones send it down. Google Segwit and get some news rss feeds. Cheers.
This will be good

https://trezor.io/
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