My VPN provider accepts Bitcoin payment, as does my ISP here in South East Asia. 7eleven in Indonesia accepts bitcoin. So, to these parties it is currency. Is it "currency" to some other entities, e.g. central banks? They say it is not, even while ...

Bitcoin technical analysis

The middle road in this thread, as elsewhere in life, is to make a comment when you spot an opportunity. Objectively, given the state of currency and economy, Bitcoin is going up forever. Yes, with some revisits of $1000 or $3500 in the future, but ...

Bitcoin technical analysis

Useful list of dates and potential outcomes during the next 3 months: See the section "Market Events": url Also an informative Q&A session with Andreas Antonopoulos abou what SegWit is and what it adds to Bitcoin: url

Bitcoin technical analysis

Yes, the writer does not understand what they are writing about. It's as if he's using the words "code", "fork" and "chain-split" in random order. Andreas Antonopoulos is considered an authority on all matters Bitcoin and explains the difference ...

Bitcoin technical analysis

Price will definitely go up or down in the irrational bitcoin price chart, and this analysis update takes into account the current market uncertainty regarding Aug 1st. IF price crosses below the 1day 50MA (blue), there is an historic precedent for ...

Bitcoin technical analysis

Good people, don't spend too much time on this thing. Hold some bitcoin and wait - its guaranteed to advance until May. After a profit-taking correction, advance for the foreseeable future. Posting "buy scenarios" is like posting "rain scenarios". ...

Bitcoin technical analysis

Happy New Year to all. May your TA be accurate, your method disciplined, and your profits bigger in 2017 than ever before! Excuse me while I hibernate bitcoin and trade other instruments

Bitcoin technical analysis

I have to politely disagree with my fellow analyst andoseg2 about the outlook for the coming days and weeks. Yes, the larger trend remains up but a correction is due. Compounding RSI divergence warns of a loss of upward momentum (blue annotation). ...

Bitcoin technical analysis

Bitcoin's usual corrective pattern is an ABC as highlighted in blue in the 1day chart below. Additionally, the large correction at bottom-left and the previous correction in June/July both display this pattern (the June/July pattern is typical ...

Bitcoin technical analysis

Bitcoin trades like a commodity, so orthodox EWP doesn't apply reliably. The liquidity is good - better in some exchanges/brokers than others. I generally find that margin positions of 10-25 BTC can be opened and closed at market, but anything more ...

Plan the Trade

Hi CG! Noticed your posts in my subscriptions update and knew it would be something worth checking out. This pattern is quite frequent in the bitcoin chart too, and is typically the "base" for a strong surge, as commodities tend to do. Question: I ...

Plan the Trade

Love those magnetic lines - most charts hit the higher one, the leveraged exchanges went for the lower, but trend remains up. These spikes are a risk and why trading the 1day timeframe makes more sense for this advance. 1hr chart signals are either ...

Bitcoin technical analysis

Hope you're well Oz! Thanks for the mag chart. Your strategy is a good approach - it seems bitcoin price is bucking and weaving through the base waves prior to a awe inspiring rally... One caveat: The $600 level is important because below that it ...

Bitcoin technical analysis

The location of the 4hr 200MA (red) confirms a $615 target if another wave of decline forms. Anything below $615 will have to get below that 4hr 200MA and its overlap with 1day and 3day support between $600 and $610. That's tough long-term support. ...

Bitcoin technical analysis

Good timing and clean entry, andoseg2! I also got an entry signal around the same time but a rapid deep correction in the OKCoin charts required a second entry. The advancing wave since the Aug low looks like it may be heading to a new 2016 high. ...

Bitcoin technical analysis

jonander50, I would recommend OKCoin, for leveraged trade, but beware that the bitcoin exchanges are unregulated and uninsured, so traders should really only deposit funds that they are prepared to lose!

Bitcoin technical analysis

Yes, especially when volatility rises, but it also depends which exchange/broker's price you're watching, since the more liquid exchanges have more orders around price. Even so, the spread is much wider than that associated with the forex pairs, ...

Bitcoin technical analysis

andoseg2, i agree. upward continuation. Good wave size developing

Bitcoin technical analysis

At the risk of preaching, I'll briefly reply in full to your request for advice with a meta view of speculation and how trading fits into the game of making money. Most people generate income by selling their labor to another business in exchange ...

Searching for the truth

Posting the 4hr chart that I used to open a long position at the juncture where price crossed over its 4hr 200MA while MACD advanced through its zero line. The trade plan is similar to that described by @andoseg2 in the previous post: 1) moderate ...

Bitcoin technical analysis