Good chart and and I like your assessment: there's no reason to trade now. According to my preference for larger moves, I'm waiting for price to either advance above $600 with bullish MACDs in the 4hr and 1day charts, or a consolidation above $560 ...

Bitcoin technical analysis

Sorry about your loss. Every determined trader experienced this, multiple times, until you realize that you should only risk money you cannot afford to lose. One fact of learning is that we learn by making mistakes. The fact of trading is that when ...

HELP A BRO!! I Just lost my school fees & house money trading

Hi androseg2, I agree with your trade planning to the upside, it matches my own idea of price movement through that chart area. If advance should resume, I would trade it in a similar way with $755 (Bitstamp) as a primary target. However, there are ...

Bitcoin technical analysis

Large decline teetering on the edge Greetings fellow and future bitcoin traders. It's been a long time since I've seen the bitcoin price charts so bearish across timeframes. Of course, there is no other asset out there that even comes close to ...

Bitcoin technical analysis

Hi chonchy, Thanks for posting a link to the article. I've been reading and thinking about this issue - banks and blockchain, and big business and blockchain, government and blockchain... I agree: Bitcoin is not the answer for these dinosaurs. I ...

Bitcoin technical analysis

Bitfinex 1hr image I recommend waiting for the market to establish price above the red resistance zone - then trade for $500 and then to $550. Below the long-term rising support (blue) short to $400 and possibly $370. I know this seems unlikely, ...

Bitcoin technical analysis

BTC-e happens to be one of the few exchanges that does not report their registered office, location or even provide an email address or contact number, so I would not recommend it. Not that the other exchanges are much better - they are unregulated, ...

Bitcoin technical analysis

Hi, Some brokers offer the BTC/USD and other instruments, but it is usually best to trade directly via the bitcoin exchanges. There are many, and they're all sharks, so be sure to not deposit more money than you can afford to lose. The most popular ...

Bitcoin technical analysis

BTCC 1-Day Chart image Support & Resistance Bitcoin price has pushed up against a resistance level since Nov 2015. Current price action - not really visible in the attached 1-day chart - seems to be in the initial stages of a large decline to find ...

Bitcoin technical analysis

Hi androseg2. Glad to see you're still keeping the thread alive. BTCC 1-day candle chart image Magenta annotations show that the stochastics (top) are diverging from the rising price, as is RSI that is reverse diverged from the current price ...

Bitcoin technical analysis

PA in the gold chart I posted earlier in the thread: url The following chart is the same chart with the same Fib extensions and shows gold price hitting within less than a dollar of the 3.618 extension it typically targets. Of course, none of this ...

Where is the logic behind applying Fibonacci to trading?

Hi Scott, yes, it's all going on at FF, I tell ya! 1210 looks good too... hey, how come no-one drew pentagrams all over you chart submission? See you at your hangout soon.

Where is the logic behind applying Fibonacci to trading?

Teacher to little bagman: "Excellent work. Gold star for effort and creativity!" But today, grown-up bagman, it's going to be three black stars on your fraudulent work: One black star for being disrespectful in the thread One black star for ...

Where is the logic behind applying Fibonacci to trading?

Sometimes you draw off the candle wick and/or sometimes off the body, well of course you have to adjust your Fib tools as a wave develops. That's not a punishable crime is it? And right back at you: I can show you the fibs but you can select not to ...

Where is the logic behind applying Fibonacci to trading?

Salud Luis ! Here's one for you: Gold wave (i) - Diagonal (not leading not ending, just five abc waves) a 3.618 Fib extension (of wave 1) target at $1,182. Interesting that the 2.618 Fib extension of the first wave intersects the point where gold ...

Elliott wave outlook