Bitcoin Forum

Late yesterday afternoon, shortly after the markets closed in Europe, we published our twice-daily bitcoin price analysis piece, with a focus on the levels that we would be keeping an eye on throughout the US afternoon session and beyond, and highlighting how we would respond to price reaching these levels. We suggested that – with the recent range action we had seen being tightly contained, we could be due for a sharp break out in either direction in the event that the bitcoin price penetrated either in term support or resistance. As it turns out, we got this breakout early on Friday morning, and we’re now looking afresh set of key levels as we head into the weekend. With this said, what are we watching, and how can we interpret price action once it reaches the levels we are keeping an eye on? Take a quick look at the chart.

http://www.newsbtc.com/wp-content/uploads/2015/04/bitcoin-price21-1024x483.png

SOURCE: http://www.newsbtc.com/2015/04/17/bitcoin-price-watch-what-were-looking-at-4/

BTC is going down, will it going up again ???

Anyway thx for reminding me  :), because everytime I see BTCitcoin chart I'll go directly to BTCitcoin trading site. Thx for reminding me.

people can stare at charts all day if they want, but it doesn't say anything. after a small recovery people were "seeing" that the chart shows positive signals. and look now. again back at the beginning.

Bitcoin trading is risky for the normal ppl. The price is so volatile. But some ppl probably use technical method to trade it! Can the technical analysis in Forex be  strictly applied in bitcoin trading?

I think the safest trading strategy is by taking smaller size position and aim towards long term. I agree it's too volatile especially if you leverage your position excessively when compared to the size of your account and any change in direction will either mean you win very fast or lose very fast. When it comes to technical analysis I still think it's relevant although at times it may not apply especially in bitcoins, you have whale changing positions considerably and disrupting movement in the market. Overall I think fundamentals and news event are more accurate per se.

there are those small dump here and there, and small rise, someone is shorting, someone else is testing weak hands, and volatility will become worse if we crash too much , because less marketcap the more instability you get

hard to trade coins.

Sometimes I setup a


0.50 btc at  20 under
1.00 btc at  40 under
1.50 btc at  60 under
2.00 btc at  80 under

so that would be 

0.50 btc at  203 usd
1.00 btc at  183 usd
1.50 btc at  163 usd
2.00 btc at  143 usd

this ties up about
101.50 usd
183.00 usd
244.50 usd
286.00 usd
815.00 usd


At the same exchange I put in 5 btc in sell

0.50 btc at 250
1.00 btc at 275
1.50 btc at 300
2.00 btc at 325

and with 815 usd tied up and 5 btc tied up I go back and look in a month.   it is a method that does not take up much time. but it is short term

Was expecting to see
http://i39.tinypic.com/5y81so.jpg  (http://forums.getpebble.com/discussion/5911/watch-face-bitcoin-price-watchface-modification-of-the-futura-weather-app)
here.

I am still waiting for that double bottom someone promised for me :) Not buying anything above 200$ :P Hope for NextWeek^tm :P

I do the same method as @philipma1957. I put buy orders at regular intervals. I'm making more purchases in each step down. And the coins that I have bought from lowest,I put them to the highest.

But the keypoint here is patience. Maybe you will wait a month or more. But do not sell your coins at lower prices than you get.

Haha a bitcoin price promise...