Bitcoin Thread

Status
Not open for further replies.
YingYang said:
I have some BTC in an offline wallet that I want to hodl, but I also have some scattered all over the place which I would like to consolidate to Luno - not massiv amounts, but I see you guys are having fun trading!!!
Click to expand...

There are many words I'd use to describe bitcoin trading, but "fun" is sure as hell not one of them.
 
Knyro said:
There are many words I'd use to describe bitcoin trading, but "fun" is sure as hell not one of them.
Click to expand...
Especially day-trading / scalping - I don't know how people do it without going slightly crazy.

SaiyanZ said:
Oh I see. It's the 1200MA on the daily. The one guy on Tradingview uses it a lot. Will have to wait and see how things play out for the next day now. Could be that we back in an upwards channel like so:
Click to expand...
It can't be a 1200 MA on the daily.
Bitcoin has only been trading for around that time so there won't be much more than a tiny line to work from. Nobody would use a 1200MA on the daily.

Anyway - the 200 Daily MA has been a point of resistance for a while now. Be nice if it can break through it.
y5NA1ja.png
 
Something interesting I spotted. Check what happens if you flip the movement at the bottom vs the recent price action at the top. Looks similar.

Now:
top.png

Bottom flipped:
bottom flipped.png

Full picture:
TaZFgydq


Essentially the moves are the inverse of each other so we end up making a move down similar to the green line:

rviEbgFl
 
Last edited:
saor said:
Especially day-trading / scalping - I don't know how people do it without going slightly crazy.

It can't be a 1200 MA on the daily.
Bitcoin has only been trading for around that time so there won't be much more than a tiny line to work from. Nobody would use a 1200MA on the daily.

Anyway - the 200 Daily MA has been a point of resistance for a while now. Be nice if it can break through it.
y5NA1ja.png
Click to expand...


Oh yeah, it's the 1200MA on the 4 hour chart = 200MA on the daily.

EcKml3td
 
Again resistance at the 200MA (4HR).
Be nice to get a close above that line.

mbS8Uy4.png
 
balrog said:
Soooooooo, has anybody looked into calculating taxes on their ZAR payouts of your BTC profits? I have BTC that I have kept for longer than a year - but these were moved out of and into Luno. So I want to claim CGT on these. Then there is some BTC in Luno that I buy and sell (speculate) with often. So these will probably be taxed at nominal rate (aaarrgghh!!). This whole tax thing is such a nightmare.

My suspicion is that Luno will hand SARS all their records, so the thing is if you paid out to ZAR, SARS will know about it. So no use trying to hide anything...

Think I will just declare all ZAR pay-outs under CGT, deduct the CGT allowance and have a final amount and be done with it. If SARS can calculate it more accurately, they are welcome to do so and let me know what they did so I can confirm their calculations.

So many questions, and SARS provides no answers.....
Click to expand...

Wonder if Ice3X and AltCoinTrader will do the same. Could try bring your coins back through them otherwise.
 
saor said:
Especially day-trading / scalping - I don't know how people do it without going slightly crazy.

y5NA1ja.png
Click to expand...

you have no idea how much sleep ive lost in the past few months...but the rewards have been worthwhile.

looks like support is now resistance -- remember that pesky 8800 level which it kept bouncing off ...well now the only thing that is going to get it through 8800-8900 is a huge whale pump

bull flag (well pennant if you want to ge ttechnical)may play out -- watching that for entry now
 
Last edited:
I'm going to sit this one out and watch the show. Made enough from the move earlier. There's always a chance of a false breakout and dump around the corner.
 
L10Yn said:
Also wondering about that, seems like it would make it too easy to avoid income tax on trading gains
Click to expand...

Yeah, I would think there would be some form of KYC. Either your ID number or Tax number required to withdraw fiat. Guess we will find out soon enough :)
 
SaiyanZ said:
Something interesting I spotted. Check what happens if you flip the movement at the bottom vs the recent price action at the top. Looks similar.

rviEbgFl
Click to expand...

Seems like it is in a channel but if my inverse theory holds then we should go down to $8200 in the next day.

NyqTRLnk
 
SaiyanZ said:
Seems like it is in a channel but if my inverse theory holds then we should go down to $8200 in the next day.

NyqTRLnk
Click to expand...

not if the algos switch to the inverted bart first

got an eye on 9.2k before a turn back down... but wont be easy
 
Last edited:
SaiyanZ said:
The move up above $8800 last night failed very quickly. Didn't last an hour. This one is also showing signs of weakness. Lets see if it holds.
Click to expand...
Struggling again.

4HR chart.
Red = 200 MA, yellow = 50 MA.

Shorter MA (yellow) also seems about to cross below the longer MA (red).
Things don't look great.
If it doesn't get through now...eh.

A11drY0.png
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X