Jump to content

Bitcoin


Recommended Posts

  • Replies 154
  • Created
  • Last Reply

Top Posters In This Topic

Heading down again, may try to retest 14225. Out of interest how is IG handling shorts on these big plunges? It's one thing not being able to get in on a steep rise but it's much worse not being able to get out when price plummets.

 

BTCUSDH10812.png 

Link to post

Hi ,  Depends on how you would want to trade it.

For spread bets yes with a guaranteed stop but problems getting orders accepted but trading on an exchange no, both routes have there problems caused by the very high volatility.

 

See threads,

 

https://community.ig.com/t5/FX-and-Cryptocurrency/Cryptocurrency-Mega-Thread/m-p/17099#M1963

Re; journalist's experience trading on an exchange.

 

 and;

https://community.ig.com/t5/New-to-Trading-with-IG/Will-I-always-be-able-to-close-an-open-spread-bet/m-p/17106#M61

for spread betting

Link to post

Interesting. I was looking at the three hour one which appeared to have more force closing in. I had only wondered about its potential without having done any research  because of the Fed announcement due later today. Briefly looking back at recent history it would not have looked like there was much action to be traded going forward.

 

I have been experimenting with the pic's but fear I loose detail if I don't use a camera.

 

When you've got time remind me how you did the picture?

Link to post


Caseynotes wrote:

What, no pic?  Yes they will be as price struggles making higher highs continuing to lose momentum though still above the 20 sma on the 4 hour but only just. Also seen in the continuing RSI divergence.

 

BTCUSDH41312.png


 

Bitcoin (USD) (DFB) #.jpg

Link to post

, ok, so 3 standard deviations on the B Bands and a 3 hr chart and you are therefore looking for a break up or down from the trendlines which is similar to a break of the B Bands themselves. I add a 20, 3.00 on a 4 hour for comparison, but the top band not yet corresponding but clearly a big pinch.

 

BTCUSDH41312b.png 

 

 

Link to post

I put out yesterday that last Bitcoin downturn to 10th December lasted 12 x 4hr bars. We are on number 12 now till midday GMT. The low occurred last time in bar 12 Have we seen the low already? Market would suspect a real fix if we got exactly same pattern as last time !

 

Ether looking strong. Maybe Bitcoin is going to wait till Ether hits where Bitcoin started the year.

 

I'd said it before but I would love Ether to end the year where Bitcoin started, and of course for Bitcoin to hit 20,000 or even a Fibonacci number like 21,000.

Link to post

You are a genius. I was thinking it could ***** 17700 without the Fib stuff just by looking at the patterns of last time. Then again if the rest of the market thinks same it may not get there because everybody is looking for the next buying opportunity !

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      13,694
    • Total Posts
      68,372
    • Total Members
      57,268
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    MajorRon
    Joined 20/01/21 21:04
  • Posts

    • hahaha, and now ... Dylan Davidson @dyl_davidson Holy ****, on the day Biden is sworn in, WHO advises laboratories around the world to reduce the cycle count in PCR Covid testing, which will result in fewer positives!!  WHO Information Notice for IVD Users 2020/05   If you have been reading the thread you will know the high cycle threshold in use for the PCR was a major cause of the very high ratio of false positives (50 - 80%) (if you haven't already have a listen to the 16 min podcast (linked in quoted post) where Harvard Prof explains the different uses for the PCR and the Lateral Flow tests and why we should be using the quick and cheap LFT).
    • I seem to remember reading somewhere that over a certain limit the buying and selling fees are no longer a flat fee and become a percentage of the sale/purchase. Is this true and if so what are the limits and how does one buy or sell above a certain value? I'm talking specifically about equities.  Couldn't find any information on this so any guidance would be welcome. Thanks!
    • I really trade! Here is a trade from this week - The Market is an ETF of the Nasdaq100 Index provided by ishares - CNX1 This was a 2 day Swing trade If you've read the above posts then this is a clear DOUBLE BOTTOM following all the rules mentioned in the posts above ENTRY - Entry was actually set for the high of the Inside bar but the market gapped up and opened at the GREEN horizontal line! which was fine As you can see the DB caused a classic W shape if fulfilled - 2RSI in the <25% Oversold zone = 1 high probability trade potential with target of the swing high of the long leg of the W - as you can see price hit that level this afternoon for a healthy return - This provided a 2R return, "IF" (and we have no control over this) I'd of been triggered in at the high of the Inside bar as planned rather than the gapped entry, the R:R was 4R if stop placed at the swing low or 11R if entry was high of the narrow range IB and stop was at the low of it! - Now in this trade - the intention was the 11R trade but the Gap caused a change of plan THIS IS WHY I TRADE BECAUSE OFTEN THESE TRADES COME OFF INTENDED AS PLANNED - this one didn't but it was still a half decent trade To prove the position - I won't be doing this ever again - very NEARLY got the high! You can SCAN the market EVERY DAY for NARROW RANGE bars - and then when they conform to trading method you employ they offer an ultra high probability trading opportunity with ultra high returns   
×
×
  • Create New...