Author Topic: Bitcoin  (Read 10989 times)

  • Offline matt5cott

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Re: Bitcoin
Reply #225 on: October 12, 2017, 13:27:47 PM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous  :lol:

Last Edit: October 12, 2017, 13:59:37 PM by matt5cott #187;
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Re: Bitcoin
Reply #226 on: October 12, 2017, 17:09:38 PM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous  :lol:



Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated.  :o :o :o

  • Offline matt5cott

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Re: Bitcoin
Reply #227 on: October 12, 2017, 17:42:22 PM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous  :lol:



Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated.  :o :o :o


Absolute carnage atm, good lord :lol:
I write 'amusement' for chasethedevil.co.uk Follow me on twitter or I'll kill you @MilkmanHero

Re: Bitcoin
Reply #228 on: October 12, 2017, 18:01:30 PM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous  :lol:



Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated.  :o :o :o


Absolute carnage atm, good lord :lol:

Sure is, but I'm out now. Had hoped for a dip to buy back in, but the fomo just continued  :'(

  • Offline matt5cott

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Re: Bitcoin
Reply #229 on: October 12, 2017, 21:19:29 PM
Don't you have a % in HODL?
I write 'amusement' for chasethedevil.co.uk Follow me on twitter or I'll kill you @MilkmanHero

Re: Bitcoin
Reply #230 on: October 13, 2017, 08:29:14 AM
i still mine Eth.
Down to a 72hr turnaround for 1/20th.
Im finally in profit after my initial outlay.
Just holding/collecting for my summer holiday before caching in.

Re: Bitcoin
Reply #231 on: October 13, 2017, 17:58:34 PM
Don't you have a % in HODL?

Nope, generally any bitcoin I have is in trade. I don't like loss, so unless I'm sure about its direction over night generally I will take profit. Never regret taking profit, always regret a loss.

Plus for much of the last 6 months, the two exchanges I've traded on have had a large price disparity. So I've alway been able to sell out on one and buy back cheaper later on on the other one. So in which case, no reason to hodl. It's only when there are are huge moves overnight like last night where it doesn't work.

Got some fine analysis coming up for you folks.
Last Edit: October 13, 2017, 18:24:31 PM by Walrusbonzo #187;

Re: Bitcoin
Reply #232 on: October 13, 2017, 18:33:22 PM
3 day MACD Chart for 2017.

I try to keep analysis simple, I look for easy patterns. I don't care much the real technical meaning behind it.

I put Bitcoin price action for the year in a somewhat obvious upward channel. Tops and bottoms seemingly perfectly in line.

Using the MACD indicator I have circled the starts of each period of "green" and the corresponding price point on the graph. As you can see, history this year shows that the start of a period of green for the MACD on a 3d graph is the start of a big run, with the peak coming 4~6 weeks later. The hope here is that the pattern repeats again and we touch the top of the channel again. This is around $6400 currently.

Last Edit: October 13, 2017, 18:34:57 PM by Walrusbonzo #187;

Re: Bitcoin
Reply #233 on: October 13, 2017, 18:36:58 PM
I have done similar on this graph, but using the StochRSI indicator.

As you can see, history shows that when the StochRSI is just below 80, the bull run has only started. The top is not in until we are near 100.

Let's hope history repeats again. Good luck.


Re: Bitcoin
Reply #234 on: October 13, 2017, 18:42:37 PM
But remember, we're talking 4~6 weeks for the potential top. We could definitely have some more bear action first.

So I'm not saying, put your house on it. This is just a possibility. There are others, which is why I also keep an eye on it and somewhat go along with the market at the time, even though i'm fairly sure we'll go much higher in weeks to come. Yes, you could say my trading style does not match my long term analysis, it doesn't. But that's me.  :rofl: I like to play the swings and make more long the way, helps reduce risk while you're at it.

Re: Bitcoin
Reply #235 on: October 13, 2017, 19:02:49 PM
Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

Re: Bitcoin
Reply #236 on: October 13, 2017, 20:11:22 PM
hmmm think I am in whalepool?
got linked to it via https://www.tradingview.com/symbols/BTCUSD/

  • Offline matt5cott

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Re: Bitcoin
Reply #237 on: October 13, 2017, 20:49:01 PM
Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

Nah, being as I barely rank as a goldfish I just follow whalecalls on twitter :lol:

Dimon has slagged off Bitcoin again, maybe he's after another drop to up his position :lol:
I write 'amusement' for chasethedevil.co.uk Follow me on twitter or I'll kill you @MilkmanHero

  • Offline matt5cott

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Re: Bitcoin
Reply #238 on: October 13, 2017, 20:58:12 PM
We could definitely have some more bear action first.

I write 'amusement' for chasethedevil.co.uk Follow me on twitter or I'll kill you @MilkmanHero

Re: Bitcoin
Reply #239 on: October 14, 2017, 12:21:29 PM
Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

Nah, being as I barely rank as a goldfish I just follow whalecalls on twitter :lol:

Dimon has slagged off Bitcoin again, maybe he's after another drop to up his position :lol:

come and join us

https://t.me/whalepoolbtc

http://telegram.whaleclub.io

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