Bitcoin Thread

Status
Not open for further replies.
Chris_the_Brit said:
In the the mid-to-high double digits. Still far higher yearly return that I could have got anywhere else. Good while it lasted, obviously bleak I lost out on an extra R200k profit when it hit over R300k in early December, but there you go.
Click to expand...

Oh, so how much profit did you make?
 
Looks like another dump is imminent. This time to $6k and possibly below. Head and shoulders has formed over the last two days and it's testing the support level right now.

PQjOctj7


Edit: Almost there. That happened quick and with big volume too.

9I8Ycl7E
 
Last edited:
Thor said:
Will go well below. Must go, just prolonging the inevitable.
Click to expand...

Yeah might have a small bounce or go sideways. I'm not buying now. BTC is going to set a new low which is unpredictable. Somewhere around $5100 is my bet for the first decent rebound.
 
SaiyanZ said:
Yeah might have a small bounce or go sideways. I'm not buying now. BTC is going to set a new low which is unpredictable. Somewhere around $5100 is my bet for the first decent rebound.
Click to expand...
It must, only then will a decoupling happen.
 
Some people have started to close their shorts and take profit. That seems to be the only major buying now. If enough close here then any chance of a decent recovery with a squeeze up is gone.

ch8NBr5v



Edit: My chart from over 3 weeks ago. I think we going to be in bear mode for a while now. I did get fooled by the Bart and break upwards over $8k so I bought when it came back down as I thought it would bounce off the top of the triangle at around $7500. It did bounce a few times but never took off. Same story for the $6800 region.

btc.jpg
 
Last edited:
I saw some similarity earlier to a previous area at the end of June but didn't buy because we made a lower low. So thought it would do $6300 max.

Oyc93Ail


Zoomed in you can see a lot of similarity:

5U4zVQkM
 
Will wait for price to break above the $6650 range before entering.
Not relying on limit orders right now - far too many little spikes triggering orders then pulling back again.

stopout.png
 
saor said:
Will wait for price to break above the $6650 range before entering.
Not relying on limit orders right now - far too many little spikes triggering orders then pulling back again.
Click to expand...

It bounced off the $6200 region quite well. If we close above $6350 we will be bullish I think and further upward moves will follow. Falling below $6300 will resume the bearish trend.
 
Anyone here use Heikin Ashi? Seems like it can be useful for longer term swing trading. Seems like a doji pin bar appearing is quite often an indication of reversal.

elJK3iaN


Even if just following this and nothing else, you could have made fair amount by buying on first green bar and selling on first red bar. The only time it doesn't work well is if there is lots of sideways movement.
 
Last edited:
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X