yellowpage09 (OP)
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May 06, 2015, 06:22:49 AM |
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http://www.fxwirepro.com/data/charts/20150506fb349e4eR2(BTCUSD).png.pngBTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out. The pair's major resistance is around $244 On the down side short term weakness only below $224 and any break below will take the pair further down till $211. Indicator (Daily chart) CCI (50) - Buy Woodies CCI (14) - Buy Ichimoku- Buy It is good to buy around $235 with stop around $224 for the target of $258. (Source: http://fxwire.pro/BTC/USD-Short-Term-outlook-32776)
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Undermood
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Activity: 950
Merit: 1000
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May 06, 2015, 07:07:02 AM |
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Some ppl are fascinating trading based on the technical analysis as the one applied in financial world. I wonder whether it works at crypto world.
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╓▄▄▓▓▓▓▓▓▓▓▓▓▄╖, ,▄██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▄, ▄████▀▀░░ ░╙▀▓███▓, ,███▓╣▒▒▒░░╓╖╖╖╖╖╖,░░░▒▒╢▓▓▓[ ╓▓██▓▓▓███▓▓▓▓▓▓▓▓▓▓▓▓██▓╢▓▓▓▓ ╖▒▓▓▓▓▓██████▀▀▀▀▀▀▀▓██████▓▓▓▓▒░, ╫▒▒▓▓▓▓▓▓▒ "▓▓▓▓▓▓ ╟ ▐▓░░░▓▓▓▓▓▓╖ ▓▓▓▓▓▓░ ]▓ ,▓▓░░░░╙▓▓▓▓▓▄ ╓▓▓▓▓▓▓`░░ ▐▓▌ ╟▓▓▌░░░ ╙▓▓▓▓▓▓ ╓▓▓▓▓▓▓░░░░╓▓▓▓ ╟▓▓▓▓ ░`▓▓▓▓▓▓, ╟▓▓▓▓▓╜░░░░╓▓▓▓▓ ╙▓▓▓▓▓,░ ░ ▓▓▓▓▓▓╖ ,▓▓▓▓▓▓▒▒▒▒░╟▓▓▓▓▌ ▓▓▓▓▓▓╖░ ╙▓▓▓▓▓▌ ╓██████▒▒▒▒▒▓▓▓▓▓▓` ╙▓▓▓▓▓▌ ░░╙▓▓▓▓▓▓█████▓▒▒▒▒▒▓▓▓▓▓▓ ╙▓▓▓▓▓▓ ░░░▓▓▓▓▓▓███▓╢╣╢╢▓███▓█▀ ▓▓▓▓▓▓@░░░░▓▓▓▓▓▓▓▓▓▓▓▓██████▀ ▀▓▓▓▓▓▄░▒▒░▓▓▓▓▓▓██▓████▀▀ ╙▀▀▀██████████▀▀▀` | | InfinitusToken.io | | ███ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ | | | | ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ███ | | ⚑⚑ Read our Whitepaper ⚑⚑ Medium ⚑⚑ Telegram |
[/ta
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CryptoTrout
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 06, 2015, 07:26:52 AM |
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i think the GBTC trades are getting people overly bullish
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Amph
Legendary
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Activity: 3248
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May 06, 2015, 07:48:20 AM Last edit: May 07, 2015, 07:24:43 AM by Amph |
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i think the GBTC trades are getting people overly bullish
which is a good thing, the bearish trend last even too much for my taste, we need to move ahead and stop shorting all the time
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yellowpage09 (OP)
Newbie
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Activity: 49
Merit: 0
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May 06, 2015, 07:57:19 AM |
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BTC/EUR Short term outlookhttp://www.fxwirepro.com/data/charts/20150506995be774R3(BTCEUR).png.pngBTC/EUR is struggling to close above 221 (200 day 4HMA) and any trend reversal can happen only above that level. On the upside minor resistance is around 221 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.
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vm_mpn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 06, 2015, 08:31:04 AM |
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So, is there any professional trader around here care to comment on this? Do these moving averages indicators work in real life as far as price prediction goes? I'm a complete dumb ars on the subject and always thought it's a gambler's excuse to predict trends.
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 06, 2015, 11:20:00 PM |
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So, is there any professional trader around here care to comment on this? Do these moving averages indicators work in real life as far as price prediction goes? I'm a complete dumb ars on the subject and always thought it's a gambler's excuse to predict trends.
The main question is whether 'real world' indicators can be used for Bitcoin. There are two camps, basically: People who claim BTC is only influenced by TA (and thus self-fulfilling prophecies), and those who claim that regular TA just doesn't work when it comes to BTC.
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I should have gotten into Bitcoin back in 1992...
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CryptoTrout
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 01:31:30 AM |
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i think the GBTC trades are getting people overly bullish
which is a good thing, the bearish trend last even too much for my tatse, we need to move ahead and stop shorting all the time actually i would prefer if everyone went over to okcoin and placed a large 20x short. thats the fastest way to make bitcoin go up.
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vm_mpn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 03:14:15 AM |
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So, is there any professional trader around here care to comment on this? Do these moving averages indicators work in real life as far as price prediction goes? I'm a complete dumb ars on the subject and always thought it's a gambler's excuse to predict trends.
The main question is whether 'real world' indicators can be used for Bitcoin. There are two camps, basically: People who claim BTC is only influenced by TA (and thus self-fulfilling prophecies), and those who claim that regular TA just doesn't work when it comes to BTC. Ok, thanks... I better leave this thread before I completely embarrass myself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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lay785
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 04:08:12 AM |
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So, is there any professional trader around here care to comment on this? Do these moving averages indicators work in real life as far as price prediction goes? I'm a complete dumb ars on the subject and always thought it's a gambler's excuse to predict trends.
The main question is whether 'real world' indicators can be used for Bitcoin. There are two camps, basically: People who claim BTC is only influenced by TA (and thus self-fulfilling prophecies), and those who claim that regular TA just doesn't work when it comes to BTC. Ok, thanks... I better leave this thread before I completely embarrass myself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Just buy one of these and you'll do fine : http://www.amazon.com/Mattel-30188-Magic-8-Ball/dp/B00001ZWV7
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Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 04:18:48 AM |
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So, is there any professional trader around here care to comment on this? Do these moving averages indicators work in real life as far as price prediction goes? I'm a complete dumb ars on the subject and always thought it's a gambler's excuse to predict trends.
The main question is whether 'real world' indicators can be used for Bitcoin. There are two camps, basically: People who claim BTC is only influenced by TA (and thus self-fulfilling prophecies), and those who claim that regular TA just doesn't work when it comes to BTC. Ok, thanks... I better leave this thread before I completely embarrass myself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Just buy one of these and you'll do fine : http://www.amazon.com/Mattel-30188-Magic-8-Ball/dp/B00001ZWV7I have one and it always (nearly) tells me the answer I'm looking for plus my trades skew on the positive w/ a prayer said. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Can't go wrong.
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randy8777
Legendary
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Activity: 896
Merit: 1000
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May 07, 2015, 09:54:10 AM |
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i think the GBTC trades are getting people overly bullish
which is a good thing, the bearish trend last even too much for my taste, we need to move ahead and stop shorting all the time people constantly say this bear trend is getting ridiculous. maybe current price is too high. if so the bear effect will be much worse very soon.
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 11:00:54 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.fxwirepro.com%2Fdata%2Fcharts%2F20150506fb349e4eR2%28BTCUSD%29.png.png&t=665&c=arw7Jhf1mDH9bA) BTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out. The pair's major resistance is around $244 On the down side short term weakness only below $224 and any break below will take the pair further down till $211. Indicator (Daily chart) CCI (50) - Buy Woodies CCI (14) - Buy Ichimoku- Buy It is good to buy around $235 with stop around $224 for the target of $258. (Source: http://fxwire.pro/BTC/USD-Short-Term-outlook-32776) I'd be quite scared if we indeed go below $213 from here. Some serious panic might kick in, and depending on when it would happen, we'd be left with no more support lines or resistance lines that are broken. There's this slight bullishness that seems to persist currently, but I agree that it will be difficult to break above $244, we've established quite some resistance there!
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I should have gotten into Bitcoin back in 1992...
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8up
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 11:25:30 AM |
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For a benevolent bearwhale it's easily possible to break the resistance in a (I suppose) flash-crash to finally get rid of the weak hands that cling on to the "established" resistance. Whenever you are talking about possibilities: Never forget, it is still bitcoin you are talking about. Hence everything is possible! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.fxwirepro.com%2Fdata%2Fcharts%2F20150506fb349e4eR2%28BTCUSD%29.png.png&t=665&c=arw7Jhf1mDH9bA) BTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out. The pair's major resistance is around $244 On the down side short term weakness only below $224 and any break below will take the pair further down till $211. Indicator (Daily chart) CCI (50) - Buy Woodies CCI (14) - Buy Ichimoku- Buy It is good to buy around $235 with stop around $224 for the target of $258. (Source: http://fxwire.pro/BTC/USD-Short-Term-outlook-32776) I'd be quite scared if we indeed go below $213 from here. Some serious panic might kick in, and depending on when it would happen, we'd be left with no more support lines or resistance lines that are broken. There's this slight bullishness that seems to persist currently, but I agree that it will be difficult to break above $244, we've established quite some resistance there!
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Always wrong until not.
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 07, 2015, 12:54:43 PM |
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For a benevolent bearwhale it's easily possible to break the resistance in a (I suppose) flash-crash to finally get rid of the weak hands that cling on to the "established" resistance. Whenever you are talking about possibilities: Never forget, it is still bitcoin you are talking about. Hence everything is possible!
Benevolent or Malevolent? Yeah sure they could, and most of the times this does work, when we're hovering above support. Last night, though, things apparently didn't go the way the bear whale anticipated. He bearly (pun intended) moved the market, yet paying 10k of BTC for it.
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I should have gotten into Bitcoin back in 1992...
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