I did some analysis. found a bullish hidden divergence pattern in an ascending triangle. it looks like we'll see some new highs.
http://www.mql5.com/en/charts/1041303/btcusd-m30-distel-enterpriseTarget would be the height of the triangle, a last strong spike that brings us close to 500 (but not above it) and then after failing to break (or even reach) 500 a huge correction will begin.
the 350 level(btc e) would probably the strongest level of support, if it corrects at 500. I might buy back in at that price
There is no atmosphere on the moon, this image must be a fake.
The flag is aluminium, and it's dynamic warping from the temperature difference between the two sides.
30-min chart in the 3 main markets looks very bullish indeed. Another launch pad built for take-off.
We are overbought on most time frames tho.
yea but i think sentiment is pretty bullish. when i see longer time frame charts, i cant really make sense of them with regualar technical analysis. Its a strange market.
Looks like we're climbing slowly again
It still has trouble getting past that 450/2700 wall for some reason. It's such a tiny amount but it's stopping us for several days now.
Edit. China lost the battle again. I guess Gox will follow with just 700 coins from 450
this might just be a pull back. hold your coins and wait for it to rise
Looks like we're climbing slowly again
It still has trouble getting past that 450/2700 wall for some reason. It's such a tiny amount but it's stopping us for several days now.
Edit. China lost the battle again. I guess Gox will follow with just 700 coins from 450
this might just be a pull back. hold your coins and wait for it to rise
I'm holding forever
i like to sell and buy back in at a lower price!
Yesterday I sent some coins to my exchange fearing some volatility half way through the night I said fuck it, If I want more coins buy it with FIAT if it crashes, then I sent the coins back to safety. I think holding is what allows people to sleep
If I'm holding USD, I can't sleep because it may go to the moon overnight. If i'm in BTC, I can't sleep because it may crash into the depths of hell. Answer: Don't sleep.
same here it's 5:30am in ohio. insomnia is wonderful.
http://www.mql5.com/en/charts/1045015/btcusd-h1-distel-enterpriseim getting mixed signals. but i still think we're bullish over all
We are so far oversold it isn't funny.
If there is another dump or wall it is just manipulation....someone is try to move the market to get more coins.
i agree stochastic on 1h chart dipped way down for the first time in a while
http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprisetechnical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.
Note
I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance
http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprisetechnical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.
Note
I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance
You are actually serious with this stuff? I mean you actually believe it?
its just a way to make educated guesses based on probabilities. it has to be combined with money management as well to be effective. Is it really that absurd though?
http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprisetechnical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.
Note
I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance
You are actually serious with this stuff? I mean you actually believe it?
its just a way to make educated guesses based on probabilities. it has to be combined with money management as well to be effective. Is it really that absurd though?
To be honest technical analysis with proper money management yields returns yes - but a Bot can easily do that for you if on back-tests it effectively. With pure technicals, no true knowledge is gained about the underlying forces involved - the drivers of the prices and the delicate balance of the public's sentiment, big holders book's, and BTC's underlying fundamentals.
most bots use indicators to make entry and exit points, they're using technical analysis as well
Just had an interesting discussion about bitcoin with a guy I just met. Fascinating. He's well versed and seems to get it fully, yet thinks governments won't allow it. No "oh, you out smarted us!" or such. He may be right. Yet he acknowledged it couldn't be shut down, just outlawed.
Who else is ok with bitcoin being "just" an underground thing, eh?
if thats the case say goodbye to exponential growth. we'd see no new money and have people leave altogether. I would. The main reason i like bitcoin is due to its growth potential. Its cool it can be used to buy drugs anonymously(kind of) and it could still retain that use, but the demand for it would plummet and as a basic economic principle price would follow
Just had an interesting discussion about bitcoin with a guy I just met. Fascinating. He's well versed and seems to get it fully, yet thinks governments won't allow it. No "oh, you out smarted us!" or such. He may be right. Yet he acknowledged it couldn't be shut down, just outlawed.
Who else is ok with bitcoin being "just" an underground thing, eh?
if thats the case say goodbye to exponential growth. we'd see no new money and have people leave altogether. I would. The main reason i like bitcoin is due to its growth potential. Its cool it can be used to buy drugs anonymously(kind of) and it could still retain that use, but the demand for it would plummet and as a basic economic principle price would follow
Oh, completely true. It would certainly never reach the 100k level or such. But there's a lot of head room, in theory, between here and there. Or I'm delusional and outlawing would be a death knell.
Also, nah, he was a techy type, not financial or government.
i wish i knew more about bitcoins demographic, and who is capable in moving the market the most. I've dabbled in the forex market, and learned that the big financial institutions are the major market movers.not the average trader. So i wonder if the early bitcoin adopters have the most power as they probably have the most btc. I wonder who the average speculator is. I wonder how many wallstreet types are invested in bitcoin, if any are in the first place. Because that is what i think is key to large growth. and that kind of investor wont give a damn about bitcoins regulation and might even be more comfortable with a more regulated crypto. once/if wallstreet types start to buy up most of the crypto we should see really good growth
i am fairly confident the govt wont outlaw btc outright. They might introduce new regulation, but we've already seen this as exchanges now have KYC-AML policies. i think this hearing is just talk for now. besides it would probably take a few years to write new legislation and have it go into effect.
Panel II
Ernie Allen
President and Chief Executive Officer
The International Centre for Missing & Exploited ChildrenI think there is a chance the bitcoin representatives may have to walk out on this hearing. Nothing good can come of this if they have already decided bitcoin is directly associated with child porn.
It wouldn't surprise me if they try create a slander campaign and bait the media. Thats all we need is the media saying bitcoin is associated with child pornography. seems to me the feds are playing dirty as usual on this one
if the media puts more news stories about bitcoins price increase, with the added hype of the senate hearing, we might see another two weeks of gains. the first week would be from the hype itself, the next from people who had to wait to transfer money to an exchange. so i dont think its going down just yet. it wouldn't surprise me if we hit 1k. but im a dreamer..
here's my view on the price. the first bubble from 4/11-6/11 we went from btc less than $1 to over $30 a 30x increase
the next bubble in 4/12 we saw btc go from $10 to over $250 a 25x increase
this bubble started at $100 and is now at $500 only 5x increase. i think we could see $2000 in few weeks which would be a 20x increase. it would crash down and settle back around $1000 for a while before the next exponential movement which would bring us to another order of magnitude higher to 10K... only in dreams though
just messing around with charts. looks like we're just getting started. btc to $2000. who else is with me
http://www.mql5.com/en/charts/1051215/btcusd-h4-distel-enterpriseanyone else think we've entered the latter stages of logistic growth and we're leveling out.
http://charts.mql5.com/3/265/btcusd-h1-distel-enterprise.png
