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Thread: Bitcoin technical analysis

  1. #241
    Quote Originally Posted by ;
    So the noobs on this thread such as OP want to become rich quick by buying bitcoin. Forget about working hard Forget about creating a great company think about doing things better, brighter Simply buy bitcoin and get wealthy Blockchain technologies is free. Bitcoin does not possess blockchain. This is the fundamental analysis that most noobs miss. I don't subscribe to this thread. Nor do I endorse it.
    Unfortunately as retail traders the majority of us lack the data feeds necessary to connect fundamentals with price action within short time frames.

    We obsess rather about identifying inflections and chasing trends.

    In this scenario we have a price move from USD8,700 at the time of your post to USD9,200. Fundamentally difficult to analyse, problematic to properly interpret, but the reality is that the move is significant and beneficial if you stay flexible and unbiased.

  2. #242
    I talked managing 4 mln dollars on crypto. He entered on bitrex. He said as he desires just btc crashed, he could take all quantity. Before it was impossible with 500 000 dollars to select position. A lot of cash entered under 8000, it was just like knife turning in wound for retail stores. He sees 300 - 500 percent increase until then will be crash. You should for homework to examine W charts and characteristics of bitcoin price movements. ETH could climb to 3000. Btc 80 000
    Additionally he explained in summer about 1400 altcoins will go bust, as always on mania.

    A lot of his shareholders, threw coins lowest things and ran off. He says its ok, you need to have balls. He showed also the situation . A lot of similarities. He sees another opportunity in stock market crash.

  3. #243
    Million dollar question now - was the low at lt;6k the cheapest before price starts to rocket? Or can we see another low before the bull takes charge?

  4. #244
    Quote Originally Posted by ;
    quote Regrettably as retail traders the majority of us lack the data feeds necessary to connect fundamentals with price action over short time frames. We obsess about pursuing tendencies and identifying inflections. In this case we have a price move in the time of your post from USD8 ,700 . Fundamentally tough to analyse, problematic to translate, but the truth is that the move is significant and beneficial if you stay unbiased and flexible.
    The situation with data feeds differs a lot out of stocks/futures/fx. There are 100 exchanges, 1500 currencies. Data consolidation services like Coinmarketcap, Cryptocomcare, ... suffer delays. Crypto trading world require a lot of infrastructure growth.
    BTW I'm developing mathematical models to cryptoindicies.

  5. #245
    Quote Originally Posted by ;
    Million dollar question today - was the current low at lt;6k the cheapest before price starts to rocket? Or can we see another low prior to the actual bull happens charge?
    There's a strong resistance zone at ~$10,000 region. Pullback from there's IMHO that is likely.

  6. #246
    Quote Originally Posted by ;
    Therefore the noobs on this thread such as OP want to become rich quick by buying bitcoin. Forget about working hard Forget about developing a great company think about doing things better, smarter Simply buy bitcoin and get wealthy Blockchain technology is totally free. Bitcoin doesn't possess blockchain. Here is the fundamental analysis that most noobs miss. I do not subscribe to this thread. Nor is it endorsed by me.
    Oy way! The man or woman who did nothing at the forum however people doesn't support the thread that was launched 4 years before he reached the forum.
    I believe this thread will probably be busy long after he will leave this forum.

  7. #247
    Bitcoin Update for diff. Time frames based on deMark stuff.



  8. #248

  9. #249
    Quote Originally Posted by ;
    Million dollar question today - was the current low at lt;6k the lowest before price begins to rocket? Or can we see another low before the bull happens charge?
    Hmm. Good question.
    Let me ask - what framework are you trading /investing!?!?
    If you're day trader - can dip. . .may move lower. . .or greater....

    If you're investor - it is a deal to buy at $10000 or 8k or 12 or 6. Anything!!!

    Next year you are going to be asking...";has been the current low at 25k the lowest ";.... Or
    ....is Trumpy printing another 5 trijillions dollars for building space channel!???
    Only saying from my perspective...


    Chart reminder!!!
    !!!

  10. #250
    Quote Originally Posted by ;
    ... Blockchain technology is totally free.
    . . .The bitcoin price is based on the fool and manipulation. .
    . .It has nothing to do with its own usefulness.
    . . .If bitcoin is owned by you.
    Ha!!!

    Simply posting to ask why are you moaning here after the good thrashing I gave you last time???
    And to quote your 3 strangest paragraphs!!!

    Soooo blockchain is free then bitcoin is free??? Duuhhhh go select one free smartphone.... Or completely free banknote....Duhhhh. LOL .

    Bitcoin, crypto has no usefulness ??? LOL .

    Manipulation ....or remedy from FED , Trump ,ECB fools?????

    Cry later!!!

    $10200 today

    My chart above talk for me.

    And I agree with Venzen about visiting 18600. . .but will it top there??

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