Get started

BTCCNY

bitcoin head and shoulders (or double top?!) great risk reward Of course this R/R is very high and tempting! Just dont over leverage. Every trade allowing yourself to make a loss very soon is also nothing sustainable and rather a gamble than meaningful. (Probably in retrospective most of all your losses were completely unneccessay. Trading less you would have missed gains too but is psychologically rather wrong than right, even if your result is positive, isnt?) Only trading robots who make 10000s of trades are not a gamble but humans can not catch up to their speed. We have to admit that the opportunity of bitcoin at $1 is long gone. It was "Risk/Reward" better than 1 / 5000. But only if you'd assume it was possible to go to zero at all. Else there is this important difference: No Stop-Loss needed, no liquidation possible. So then it was much better / beyond all comparision, if you would have been sure in 2011, that you can sell it at similar or higher price at least (and only requiring patience at worst) It really is/was a dream, not just a trade. And maybe we get the chance to take more such great opportunities in life, (even though it wont logically possibly be called bitcoin again!:D) You can invest in dreams. You can invest in the people who still live on only $1 a day or $2 They are at least 100 times more than bitcoin users (and not voluntarily). Yet bitcoin users alone could fix all their problems and receive a lot return of investment still. It makes me feel much less entitled of all uneccessary risks.
BITSTAMP:BTCUSDShort
by fineregex
10
BTC Level SimulatorOver the last month and a half BTC has been extremely bullish by placing new highs and by once again reaching the top of it's long term channel. This is a deciding point for BTC. There are multiple scenarios that could play out, here are a few that I believe are the most probable. Scenario 1: Many of us know that history tends to repeat itself, therefore BTC could very well be rejected by this trendline and either a) form a new, more gradual trendline that will follow the top of the channel (not likely) b) follow its volatile instincts and start a retracement If (b) plays out, I would wait for a break of $4,488 to confirm the retracement. From there I would not hesitate to place my short orders, taking profit at the prior trendlines and fib levels shown. Based on this chart, my final target would be around $4000. That is IF the bottom channel line actually acts as support. If the channel does not hold, we could experience lows closer to $3,000 before finding major support. Scenario 2: Some people say that rules are meant to be broken, and well, so are trendlines. If the top of the channel breaks and BTC pushes though, we will likely experience ever higher highs. My first target would be $5431, and if that would break $6,685. Now I do not believe this last scenario is very likely, however some analysis say that BTC will be over $100,000 in the years to come. I suppose if they are right, it must get there some way. Regardless of which scenario plays out I will try to post updates as frequent as possible. I wish you all luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSD
by oh92
post fork BITCOIN exit pump scratching below$5000 BCH alomst 40%The easy going success of the fork confirms the end of the bitcoin dominance phase. Right now BCH got almost 40% of the network size. www.coinwarz.com If you dont count them together like i did in the chart, then you have to consider this as relevant for the old BTC as a political party losing 40% their votes to the opponent So the current exit pump sneaked in just in time while a majority of people still things bitcoin is "the thing", when "the thing" is rather called "decentralized crypto networks" for enabling decentralized finance, social rules and networks and so on. When bitcoin pauses and turns altcoins may continue their rally a bit, which they started a few days back and manifest their co-existence as equals next to bitcoin. But we should not stay with altcoin either for many more weeks and month again. It will likely be a bull trap too after their prices grew so fast. You can get fiat or do your winter sleep in steem dollar or bitUSD or so, as long as they wont be much above $1 - or something cheap that you like as far down the list below the top 20 crypto currencies as possible and get money off centralized exchanges (Uncessary risk)
BITSTAMP:BTCUSDShort
by fineregex
8
BTCUSD - 50% retracement following elliot wave principleHere is what a 50% retracement of current move will look like following Elliot Wave Analysis. Sold my $2500 entry at $4200. If market decides to negate this retracement - I will go back long. Looking for a 3k - 3.5k entry. Working off a 100% gain is healthy consolidation that will power the next leg up. This market is starting to show some maturity as it's not as easy to swing price as it used to be with fake volume. You want to be involved in crypto. BTC is a great option.
COINBASE:BTCUSD
by Bobdinski
1