Bitcoin Thread

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Going to wait this one out and hold a little longer unless $8100 breaks. Could be one of those mini-dumps before a big pump.

Why I wait. Reminds me of this move. It's doing a similar dance now but over an accelerated timeline:

GHT8DzHn
 
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Seems like holding was the right call. The price action is indicative of accumulation. There could be a big move up in store very soon.

Edit: Whichever way this triangle breaks it's going to be big. Normally this sort of triangle would break downwards but with all the whale games I think we might see an upwards spike tonight to at least $8500.

su1CFLR0


Green line still magnet too:

WVCr4uuj
 
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i opened a leveraged long from 8200... wish me luck:twisted:

although im worried that it cant get through 8330 after some time now

/hoping to close with that spike you speak of
 
SaiyanZ said:
Seems like it's testing the top of the triangle quite often. Should break upwards soon.
Click to expand...
I'd still feel a whole lot better if it went down and touched that support at around $7500.
Paints a nicer picture on the chart, nothing hanging in the air :).
 
saor said:
I'd still feel a whole lot better if it went down and touched that support at around $7500.
Paints a nicer picture on the chart, nothing hanging in the air :).
Click to expand...

It needs to go up first so that I can sell and then rebuy at $7500.

Now if the Rand can just sit still for a little while the TA might also apply to the Luno price. Rand moving up and down by a few percent every day just messes up trading on a South African exchange. It seems to happen quite often that the Rand strengthens at the same time that BTC dumps so if you buy on Luno just before it happens you take a double knock.
 
SaiyanZ said:
Seems like it's testing the top of the triangle quite often. Should break upwards soon.

gaZdKrhg
Click to expand...

resistance is heavy
on that note if you are a student of TA - good time to look at some charts

bullish divergences , oversold stochastic... (of course this is no certainty of any move but can give you good info to make a decision)
 
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*SynergyX* said:
i opened a leveraged long from 8200... wish me luck:twisted:

although im worried that it cant get through 8330 after some time now

/hoping to close with that spike you speak of
Click to expand...

How much leverage are we talking?
 
Knyro said:
How much leverage are we talking?
Click to expand...

10 btc

and i dont want this open overnight either -- im giving it one more hour (need to get some sleep lol)


edit : not feeling this one though -- keeping stop tight not risking too much.

see some mtgox murmurs
 
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lol weak attempt at breakout

dont think its got enough juice today

in fact that wick looks like a bull trap
 
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*SynergyX* said:
there you have it -- fail

now it broken up and down lol
Click to expand...

The triangle I referred to was the longer term one. This one only fails if it breaks below $8100. For now it's still ok. Maybe it will end up following my green line to $8700 after all.

OWZ3ATtF
 
finally no the breakout we expected but.....woke up and happy to see didnt get stopped out and nicely in the greens
 
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