My Bitcoin Speculation Thread. Please Critique my Analysis. ;)

[tokeweed]

So like, I've been looking at this chart for hours man.  And it's just like, I don't know man.  Is it like..  going up or going down?

Seriously, third time's a charm?  

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[exstasie]

So like, I've been looking at this chart for hours man.  And it's just like, I don't know man.  Is it like..  going up or going down?

Seriously, third time's a charm?  

Nice observation. It definitely looks that way now. Spiking into the $10,000s as we speak.

I'm still not going to celebrate until the market clears $10.5K with authority. That's significant multi-year resistance. Once we're firmly above it, it's technically a bull market again. Lots of fence sitters will pile back into the market and lots of bears will be trapped at that point. That's bull run material.

[tokeweed]

^  Nope.  Lol.  And I kinda gave it a little more time too.  I was being more patient this time but nadda.

Anyway, wtf happened to everybody in these parts?  The speculation section used to be sooo active...  Now it's almost dead.

Edit:  And no spike in volume.

[tokeweed]

^  So BTC is above 10k but how come I feel like 'it's not the bull market we're looking for'?  

*Insert Obi Wan meme here*

I mean it looks like it's gonna go side ways for more than a couple of weeks.  But is it going up after tho...?  What do you guys think?

[exstasie]

^  So BTC is above 10k but how come I feel like 'it's not the bull market we're looking for'?  

*Insert Obi Wan meme here*

I mean it looks like it's gonna go side ways for more than a couple of weeks.  But is it going up after tho...?  What do you guys think?

Honestly, when I see fractals like that, they rarely play out the same the second time. For that reason alone I'm betting on a sharp breakout sooner than later.

Just waiting to see which way this daily BB squeeze breaks:



It should bring a significant move. Bulls held the daily close yesterday, just barely.

[tokeweed]

^  I was holding my breath and was waiting for that next leg up that could finally take it to 12k and stay up there.  But nope...  Not this time it seems. 

I see my Tronzz are pumping tho.  Lolol. 

[tokeweed]

Whoa..  Looks like I'm gonna be wrong when I said BTC won't be hitting any new all time highs anytime soon.  Sad thing is...  I sold most of what I had and started holding XMR.  I mean I didn't lose anything in USD but it still sucks cos I feel like I'm leaving money on the table.

[exstasie]

Whoa..  Looks like I'm gonna be wrong when I said BTC won't be hitting any new all time highs anytime soon.  Sad thing is...  I sold most of what I had and started holding XMR.  I mean I didn't lose anything in USD but it still sucks cos I feel like I'm leaving money on the table.

Yep, sucks to be on the wrong side of the ALT/BTC trade. There is still hope yet:

Altcoins still look like shit against BTC but I have some preliminary EW counts that suggest they are bottoming out soon. If BTCUSD forms a significant local top and alts begin to rally (like March 2017), things are going to get really fun.

Stick that in your hopium pipe and smoke it.

To be honest though, XMR's chart is especially brutal. It's been a bloody month. I'm still steering clear of altcoins completely until I see technical signs of a bullish reversal vs. BTC. I need to see ETHBTC and BTC dominance flip bullish. Not a fan of bagholding altcoins!

[tokeweed]

^  Broke the hopium pipe and threw it.  Man..  I'm getting anxious.  It's like some people know me as this crypto guy and they think I'm uber rich cos BTC as up by a lot.  I feel pressured rn.  Lolol.

[exstasie]

^  Broke the hopium pipe and threw it.

Did you capitulate on XMR? Damn, right as it looks like ALT/BTC charts have bottomed.....

ETH looks super bullish against BTC on the higher time frames. It's time to buy dips. I'm very bullish on both the technicals and fundamentals. I also view ETH as an important gauge of the entire altcoin market.

Man..  I'm getting anxious.  It's like some people know me as this crypto guy and they think I'm uber rich cos BTC as up by a lot.  I feel pressured rn.  Lolol.

LOL. I know that feeling all too well.

[dragonvslinux]

^  Broke the hopium pipe and threw it.

Did you capitulate on XMR? Damn, right as it looks like ALT/BTC charts have bottomed.....

ETH looks super bullish against BTC on the higher time frames. It's time to buy dips. I'm very bullish on both the technicals and fundamentals. I also view ETH as an important gauge of the entire altcoin market.

Don't let a lost opportunity lose you more opportunities, that's the important thing here. I put half my remaining trading account on ETH recently (minus BTC on a stop loss). Sure I wish I had put a bit more in, but also I know going going half in always feels better risk wise. That and the opportunity to buy dips again in the near future...

XMR/BTC as well as ETH/BTC are still 80% down from ATH, put this into perspective: Would you invest in Bitcoin at $4K (80% down from ATH) if you really believed in it fundamentally long-term? Especially if that $4K value in itself could 10-20x in the not so distant future. It's time to get aggressive, the trend is your friend!

[tokeweed]

^  Broke the hopium pipe and threw it.

Did you capitulate on XMR? Damn, right as it looks like ALT/BTC charts have bottomed.....

ETH looks super bullish against BTC on the higher time frames. It's time to buy dips. I'm very bullish on both the technicals and fundamentals. I also view ETH as an important gauge of the entire altcoin market.

Man..  I'm getting anxious.  It's like some people know me as this crypto guy and they think I'm uber rich cos BTC as up by a lot.  I feel pressured rn.  Lolol.

LOL. I know that feeling all too well.

Not really..  I converted some to ETH and used that as collateral for margin trading crypto/USD pairs.  I gotta get back to trading and get some lost value back somehow.  Sports betting football and the UFC is eating a lot of my time... and stash.  Lol.

Anyway, is Trezor's ETH wallet any good?  What other wallets for ETH can I use with my old Trezor?

[Xxmodded]

Fake rumors and people selling their Bitcoins (panic) ... I believe it would go up again.

This could change with how expert analyze when bitcoin way because almost an expert have unique method to analyze with bitcoin price but most exactly predictor come from fake and good news, I think how ever your chart way when have bad news make people panic for selling and bitcoin will dump although have an expert will show bitcoin going up, then after panic gone bitcoin will raise to higher price, I think most important become waiting with panic moment for selling or buying because can give us chance how and when good timing to buy bitcoin or altcoin without waiting for some predictor, maybe this my ideas more prefer trust with bad and good news for bitcoin price impact than have to make picture with analyze chart 

[tokeweed]

Is it just me or does anybody else feel like BTC's price is gonna start breaking down again soon...?

Edit:  Maybe just a little sideways action?

[tokeweed]

20k USD..  And I got a couple of people who aren't even into crypto texting me about it.  They think I'm really loaded in BTC and that I'm filthy rich now.  Rofl.  And it's stressing me out.

[exstasie]

20k USD..  And I got a couple of people who aren't even into crypto texting me about it.  They think I'm really loaded in BTC and that I'm filthy rich now.  Rofl.  And it's stressing me out.

We all know the feeling. The people smart enough to hold onto all their coins over the years are living it up on a beach somewhere, not trolling Bitcointalk like us.

There's always altcoin season......hopefully.