Bitcoin Thread

Status
Not open for further replies.
SaiyanZ said:
It seems to be making an inverse head and shoulders. So a break above $3900 should catapult the price to around $4100 at least. It needs to happen in the next 2/3 hours or the momentum will be lost though.

j2yQkk61
Click to expand...


Target hit to the exact dollar. Fibs do work. :D

zdKW4580


Just needs to consolidate now for a while above the shaded area for more up. Spending a day here will be fine as long as it stays above $3780, ideally above $3900.
 
Bitfinex broke below support just now. Bitstamp is just above. Probably will see at least a $100 drop now.

xu28hxZs


Edit: There's the drop on Bitstamp. I did a quick flip for 1.5% more BTC so I'm back in again. It could move back up from anywhere in the shaded region.

ZIelcFPE
 
Last edited:
Lol the uncertainty on the volumes with these ups-and downs today is hilarious.
Lots of folks on one side going "the bulls are cooooming!" ... then after a few dumps they're skeptical again.

... while on the other side you have the "oh-sh*t oh-sh*t gotta time this right so I can stack up on some more cheap coin... open the cage and bring in the bear!"

:laugh:
 
If it was all one sided then things would be very predictable and therefore not exciting.
 
RaptorSA said:
Lol the uncertainty on the volumes with these ups-and downs today is hilarious.
Lots of folks on one side going "the bulls are cooooming!" ... then after a few dumps they're skeptical again.

... while on the other side you have the "oh-sh*t oh-sh*t gotta time this right so I can stack up on some more cheap coin... open the cage and bring in the bear!"

:laugh:
Click to expand...

Yeah, Luno today is "buy buy buy" then "sell sell sell". I'm staying out of it now as I try to rely as little as possible on what others are doing for my trades. Relying on irrational traders to make your profit will eventually get you burnt.

Right now a good area to break through today would be this intersection on Bitstamp and Bitfinex. Only thing is, the exchanges are not in sync. Bitfinex convergence occurs at around 18:30 and Bitstamp around 15:30. So we might have to wait and see what Bitfinex does. Also Bitfinex needs a higher price for the break. A move like this today would probably mean we have bottomed out.

Bitstamp:
ir2CTuKN


Bitfinex:
Qgf6EtIR
 
Last edited:
Very nice little summary towards the end of where we're actually at with BTC and the current bear market and when do we actually need to start getting worried when you look at the big picture.
(Spoiler: breaking below the +-$3000 support and finding it as a new resistance would be bad, it seems unlikely though).

Really puts things in perspective for noobs like myself who can't help but give in to emotions etc. sometimes.

 
Last edited:
RaptorSA said:
Very nice little summary towards the end of where we're actually at with BTC and the current bear market and when do we actually need to start getting worried when you look at the big picture.
(Spoiler: breaking below the +-$3000 support and finding it as a new resistance would be bad, it seems unlikely though).

Really puts things in perspective for noobs like myself who can't help but give in to emotions etc. sometimes.

Click to expand...

Lol, wait until we wick down to 2900 and you are an emotional wreck.
 
phly said:
Lol, wait until we wick down to 2900 and you are an emotional wreck.
Click to expand...

Lol yeah, I'm too much of a pussy for that so I pulled out and I'm playing a dangerous game of "go, no-go, go, no-go" right now. Trying to accumulate more coin but also scared of the permabull scenario.

Also hard trying to learn from your mistakes and human nature.
This little graphic reminds me of December last year, where instead of calling it a day when the market was severely over bought and paying off my home loan, car etc. greed kept me hanging on...

https://cdn.dopl3r.com/memes_files/...g-it-fbcomdielaughter-fbcombelykbro-UsNkG.jpg
 
RaptorSA said:
Lol yeah, I'm too much of a pussy for that so I pulled out and I'm playing a dangerous game of "go, no-go, go, no-go" right now. Trying to accumulate more coin but also scared of the permabull scenario.
Click to expand...

My own opinion (or wish) is that we have some stepping down to do. The 4hr chart has some way to go. It is also bad manners and frowned upon to sky rocket to crazy highs before testing the newly made support just to make sure its strong enough.

But then again this is crypto - the wild wild west.
 
Situation has changed now as it's back below the grey neutral zone. If it can't get back above $3780 asap then it's going to make a bear flag here with a target of around $3550. A high volume break below $3700 should start the dump. ($3840 Bitfinex). There is support now though at $3860 on Bitfinex which might be enough to keep the price up.

g8wGKBfN
 
Temujin said:
At this rate... $4k looking possible again soon
Click to expand...

Was expecting the pump at this time on Bitfinex today. It's just a bit too far from the target now. Needs around 10% pump just to get there, but anything is possible.

Volume is good with this move though and we made a higher low so it's a good sign for the next few days.


rmvob7rr
 
Last edited:
Nice!

Just as I expected although some more down wouldn't hurt
Screen Shot 2018-11-26 at 10.46.04 PM.png
 
54K on Ice3X at the moment. Glad I sold half when it was at 280K in December last year. Still have 9.5 BTC in my wallet, but don't have high hopes for a decent recovery. The interest in crypto has mostly died off.
 
Norrad said:
54K on Ice3X at the moment. Glad I sold half when it was at 280K in December last year. Still have 9.5 BTC in my wallet, but don't have high hopes for a decent recovery. The interest in crypto has mostly died off.
Click to expand...

It's a fad, it will go down to 0. Let me dispose that BTC for you in an environmentally friendly way.
 
Norrad said:
54K on Ice3X at the moment. Glad I sold half when it was at 280K in December last year. Still have 9.5 BTC in my wallet, but don't have high hopes for a decent recovery. The interest in crypto has mostly died off.
Click to expand...

dont be so sure,just when people wrote off crypto, it made such a miraculous recovery, that NOBODY predicted.
all Im saying is even the so called experts cant predict what will happen next,

best is stay on the bus now, see what happens, we might be in for a shock what might happen next.
 
eg2505 said:
dont be so sure,just when people wrote off crypto, it made such a miraculous recovery, that NOBODY predicted.
all Im saying is even the so called experts cant predict what will happen next,

best is stay on the bus now, see what happens, we might be in for a shock what might happen next.
Click to expand...
I know no-one can predict it. I just don't have high hopes that's all. I made a killing on my initial investment, so I'm really happy overall. I bought in 2013 and mostly forgot about them until the hype last year.

I'm going to hold onto my remaining coins and see what happens.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X