Jump to content

Bitcoin


phillo

Recommended Posts

  • 2 weeks later...
  • Replies 92
  • Created
  • Last Reply
Guest Lamine

I am long both Bitcoin and Ether for the short term, from a purely technical perspective. For both, support appears to be much nearer than resistance.

Link to comment
Guest Lamine

You are probably right. What I expect in the next few days is a mere bounce back to the region of 7500 for the bitcoin and something similar to 420-450 for the Ether. 

Link to comment
  • 2 weeks later...
Guest PandaFace

Did you bid at all or miss because it didn’t get to that red zone? :( bad luck if you didn’t get a fill elle as it’s been a pretty solid reversal :(

Link to comment
  • 1 month later...

Looking to the future can only be about possibilities and maybe probabilities but if playing a range or an asymmetric range why wait for the move to be half over. Already a bit late for that play but useful to know the triangle is significant.

 

There is also the possibility of Ron William's view that if the triangle bottom breaks then the target is 3000. (Taken from the vid linked in the latest post on TA and market cycles in the TA tread).

 

mc4.PNG

 

 

Link to comment
Guest PandaFace

I don’t get it. So BTC is on the support line in black, well below the 200 day MA, below the mean, has a divergence of 30...

 

Don’t all these indicate a move UP? Why the 3k target?

Link to comment

Ah, you need to watch the whole video (only 20 min) as he uses this chart to demonstrate how to put all the component parts of TA and market cycles he discusses together for the big picture.

 

So IF support breaks, price is below the 200 day MA, there would also be a break of the first standard deviation and the market cycle shows that within the bearish move since the start of the year there are distinct bearish/bullish phases. From the chart the bearish phases are roughly twice as long as the bullish and the current bearish phase looks like it has some way to go.

 

 

 

 

 

 

 

Link to comment
Guest PandaFace

Actualy just wanted that video again. It’s really good. I’ve never really been one for TA as a whole and just running the whole strategy on it, more use as a potential entry point and where to slightly trim positions going into and out of a trade.

 

But this seems different. I like the explanation about the 20 / 50 / 200 MA and never really thought about it in the way of it representing 4 weeks worth of trading days, a quarter, almost a years worth (there are about 220 trading days in a year right?).

 

I think this is what I need more of to get behind TA. The WHY each indicator should work, rather than the HOW to use. How must be intuitive once people know the why…

 

Right?

Link to comment

I think so too which is why I post links to articles that explain how different indicators work, knowing that gives a better understanding of their possibilities and limitations. Every indicator has it's limitations so each needs to be applied appropriately.

 

In the beginning most assume an indicator will just generate signals but that is exactly what they can't do. An indicator can shine a light on a particular aspect of a market and help make an informed decision as to future probabilities.

Most are based on OHLC of a number of time period bars or candles, the candles are the foot prints on the chart of the market movers so only candles generate signals.

 

The best way for us to make money is to spot a move by the market movers early on and get in quick, TA and indicators are there to give forewarning and indicate where to look for that signal. 

 

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators

Link to comment
  • 2 weeks later...

Archived

This topic is now archived and is closed to further replies.


  • image.png

  • Posts

    • I've heard that the APRs can be quite competitive and change frequently, which can be beneficial for maximizing earnings. Staking seems like a relatively accessible way to earn on idle crypto assets, and it's awesome that it offers attractive returns and innovation not found in traditional finance. For anyone looking to explore new investments, staking and flexible savings could be worth considering. It's important to DYOR, but for crypto enthusiasts, it seems like a promising way to unlock diversified, sustainable passive income streams. If you're interested in making some extra cash, you might want to check out these legit apps to make money. They could be a fun and easy way to earn a bit on the side.
    • While the posts Bitcoin halving haven't been eventful for some people so far, investors are always brainstorming effective ways for people earn with the BTC they already own. In that regards, my early morning surfing landed me at the shores of BounceBit and I believe it's CeFi + DeFi model is worth sharing. BounceBit basically is a pioneering native BTC Restaking chain that's reshaping how Bitcoin holders earn yield on their assets while securing its network through a dual-token staking system that combines the robustness of Bitcoin and the flexibility of BounceBit tokens.   What was impressive in my opinion was how users generate passive income from their idle BTC. They achieved this with their first-of-its-kind Proof of Stake mechanism which leverages native BTC security while ensuring full Ethereum Virtual Machine compatibility.   Supported by giants like Binance Lab, Breyer Capital, and Blockchain Capital, BounceBit is poised to transform Bitcoin’s utility and it’s Pre-Market Trading just rolling out on Bitget I believe will be another milestone in their journey.
    • Nasdaq 100 and S&P 500 drop back as Hang Seng continues to rally US indices are struggling in the wake of Meta’s earnings last night, but the Hang Seng is showing fresh strength. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London   Publication date: Thursday 25 April 2024 13:53 Nasdaq 100 rally torpedoed by Meta earnings The index reversed course yesterday, giving back most of the gains made on Tuesday, as earnings from Meta soured sentiment. The price remains well above last week’s low for the time being, but with more earnings from Big Tech due in the coming week, further upward progress may be difficult. So long as the price holds above last week’s low at 16,970 then a bounce may yet materialise. A close back above 17,700 would help to bolster the bullish view. Alternately, a close back below 16,970 will bring the late 2021 high at 16,630 into play, and then on down to the 200-day simple moving average (SMA). Source: ProRealTime S&P 500 stumbles on tech earnings This index also took a knock on Wednesday, though it continues to look like it has created a higher low. A push back above the highs of the week so far at 5093 would mark a bullish development, and would open the way to the 50-day SMA, and then on to the highs from late March at 5274. Sellers will want to see a reversal back below the 100-day SMA and below last week’s low at 4925 to provide a more bearish view. Source: ProRealTime Hang Seng surges through key level This index has seen an impressive bounce from the lows of mid-April, which has caried it above 17,000 and the 200-day SMA. It has also succeeded in closing above the latter, for the first time since July. If the price can manage a close above 17,200, then this will be a significant development. 17,200 was the high from early January, and also the peak of March and April, as well as being support from early November. Further gains target the November 2023 high around 18,300. A reversal back below the 200-day SMA would be needed to put more of a dent in the bullish view. Source: ProRealTime
×
×
  • Create New...
us