For sure! and great to have you contributing here chonchy - let's make the best of this year and the opportunities it brings - the rough and the smooth - taking all in our stride.

Bitcoin technical analysis

Seems like we're near a top here - perhaps one more attempt over $1000 and then a deeper pullback? for you and your wife: video

Bitcoin technical analysis

chonchy, i saw your message now and am replying immediately. All the strength to your wife and you and your family. These things happen unexpectedly and cause great distress. I hope the operation is quick and successful and your dear wife feels ...

Bitcoin technical analysis

Xtrade, those criteria of yours i quoted above - they're about to be met. $1000 is the psych level and former resistance for BTCUSD charts from BTC-e and Bitstamp exchanges. MtGox exchange's chart resistance is higher at $1,200 because they're the ...

Bitcoin technical analysis

In a way. Xtrade is my good friend and he comes from a precious metals background. He (just like myself and most traders) is annoyed by the current dispensation whereby we retail traders (small fish) share the water (and feeding time) with the banks ...

Bitcoin technical analysis

Wow, a lot to discuss, but this $1000 price level now is equivalent to a starting block. I cannot see the future clearly most days because of a disturbance in the Force but I do see Bitcoin $2,250 this month or next - easily - and Ianticipate $5,000 ...

Bitcoin technical analysis

BTW - i didn't see chonchy's chart in that post - you're welcome to use mine, of course, and I doubt chonchy will mind you using his - he generally comes online about 4 hours from now...

Bitcoin technical analysis

The point that XTrade made is that when you buy an actual Bitcoin (via BTC-e) it is "real" and in your possession and will be recorded in the public ledger (the blockchain) as having gone to your wallet. However, when you trade via MT4 you are not ...

Bitcoin technical analysis

I read your post there - good that you raise this issue - and with all the finesse of Al Swearengen let's see what gives - if this kind of spiking is going to be the case then it basically rules out using stops and any kind of highly ...

Bitcoin technical analysis

Critical point, and good you highlight it for Ozes. The thing is even a long trade on anything and on all platforms except those which allow direct order injection into Comex or CME - every fricken trade is a CFD and not "real". Derivatives the ...

Bitcoin technical analysis

The Gold spike down and there it is at Oanda too... what could be the origin? Someone dropped a ton of paper in the market perhaps? If I was in a trade at the time I would have been pissed, i tell you! Comes with the territory tho' and I expect ...

Bitcoin technical analysis

hey, XTrade, Thanks for posting and Gold (or any instrument for that matter) is not off-topic here if we're learning/understanding something. So, I also saw that spike on a thirdparty chart at tradingview.com ... perhaps they use the same FXCM feed? ...

Bitcoin technical analysis

good question. OK say we buy 1 BTC via an exchange (say BTC-e). We hold it and price goes up $200. We sell it and pocket $198 profit (minus fees and commissions). Price goes down $100 and we buy again (hoping for another rise) but it carries on ...

Bitcoin technical analysis

here is a dump of some news items from yesterday: 06-01-2014: This Bitcoin Wallet Service Just Added 3 Major Players to its Roster url 06-01-2014: Law Firms Jump On Bitcoin Bandwagon With Virtual Fees url 06-01-2014: On Wall Street, hoping to ...

Bitcoin technical analysis

OK, only saw this post now... I'm not seeing 400pip s[reads on the mobile version. That's a serious flaw - it renders the whole offering useless - worse, in fact: It's robbing your money if you you it... maybe switch to mobile execution and inform ...

Bitcoin technical analysis

hi KiwiOz, As i mentioned to Ozes just now, I'm using the mobile MT4 platform to execute orders - it's working fine but obviously not adequate for analysis. What issues are you having with AVA MT4 and is BTC-e MT4 giving the same?

Bitcoin technical analysis

I'm no good at poker 'coz my face is an open book but I like roullette and i find it similar to trading - at least the red/black bet is - it's similar to up/down bets on the price direction. Indicators help us determine direction - but ...

Bitcoin technical analysis

I bought on that retracement low because 1) $880 is an important Support/Resistance (S/R) level and price challenged it twice and then retreated 2) price turned at the ascending trendline (TL) 3) my indicators showed price was oversold and ...

Bitcoin technical analysis

hi Ozes, You've got to sell those Bitcoins on BTC-e: Go to "Trade" and sell 0.99 (BTC-e charge a commission so use the "Calculate" button to see their fee). Once you've sold them then click the "Finances" link (top righthand corner) and then go to ...

Bitcoin technical analysis

i thought about that today actually: these institutions would probably prefer not to go to the exchanges but instead go to a miner or other holder of a big wallet and make a generous offer PLUS a contract (Non-Disclosure Agreement) which keeps the ...

Bitcoin technical analysis