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BTCJPY

bitcoin head and shoulders (or double top?!) great risk reward Of course this R/R is very high and tempting! Just dont over leverage. Every trade allowing yourself to make a loss very soon is also nothing sustainable and rather a gamble than meaningful. (Probably in retrospective most of all your losses were completely unneccessay. Trading less you would have missed gains too but is psychologically rather wrong than right, even if your result is positive, isnt?) Only trading robots who make 10000s of trades are not a gamble but humans can not catch up to their speed. We have to admit that the opportunity of bitcoin at $1 is long gone. It was "Risk/Reward" better than 1 / 5000. But only if you'd assume it was possible to go to zero at all. Else there is this important difference: No Stop-Loss needed, no liquidation possible. So then it was much better / beyond all comparision, if you would have been sure in 2011, that you can sell it at similar or higher price at least (and only requiring patience at worst) It really is/was a dream, not just a trade. And maybe we get the chance to take more such great opportunities in life, (even though it wont logically possibly be called bitcoin again!:D) You can invest in dreams. You can invest in the people who still live on only $1 a day or $2 They are at least 100 times more than bitcoin users (and not voluntarily). Yet bitcoin users alone could fix all their problems and receive a lot return of investment still. It makes me feel much less entitled of all uneccessary risks.
BITSTAMP:BTCUSDShort
by fineregex
10
post fork BITCOIN exit pump scratching below$5000 BCH alomst 40%The easy going success of the fork confirms the end of the bitcoin dominance phase. Right now BCH got almost 40% of the network size. www.coinwarz.com If you dont count them together like i did in the chart, then you have to consider this as relevant for the old BTC as a political party losing 40% their votes to the opponent So the current exit pump sneaked in just in time while a majority of people still things bitcoin is "the thing", when "the thing" is rather called "decentralized crypto networks" for enabling decentralized finance, social rules and networks and so on. When bitcoin pauses and turns altcoins may continue their rally a bit, which they started a few days back and manifest their co-existence as equals next to bitcoin. But we should not stay with altcoin either for many more weeks and month again. It will likely be a bull trap too after their prices grew so fast. You can get fiat or do your winter sleep in steem dollar or bitUSD or so, as long as they wont be much above $1 - or something cheap that you like as far down the list below the top 20 crypto currencies as possible and get money off centralized exchanges (Uncessary risk)
BITSTAMP:BTCUSDShort
by fineregex
8
BITCOIN ATH 2017 $4300 read the description1. The pink trend is the insane-/hype-/FOMO-/enthusiastic- point of view. Bitcoin may have more exponential growth to come if people fall in love with decentralization. Non the less it is has to crash for now and test a moving average. Today USD is recovering a bit so that fewer people will want to escape USD. 2. The green trend bow may be the most rational: Bitcoin is growing but it got many competitors and it doesnt need to grow as fast as it was because It already surpassed the stock market value of Paypal (and many trading servies combined) - Thats enough for now. Surpassing all competitors is a roof: There are only a few 100 million people in the world up to do (cheaper) cross border online payments or trading. And user numbers have to multiply many times still to reach up to paypal alone. Yet that is already priced in. What more do you expect in the next several month to happen other than the bubble bursting? It is unclear how much advantage / disadvange bitcoin price really got through decentralization and how much it will. Trust in decentralization may increase in future but now it may still be a bit of a mental or technical barrier for most of the target group. Bitcoin users do yet often rely on poorly regulated/bad centralized services. Bitcoin didnt attempt an internal ecosystem as much as steemit, bitshares, nxt, anthares, eos, ethereum and so on and it may very well stay surpassed by all of these combined, whichever of them may win. 3. The grey trend is the pessimistic one thinking bitcoin was a great concept but surpassing Paypal was already more than enough for a long time to come and bitcoin may split into more forks and never really try more than 50% market cap again but especally that all the dirty politics manipulating the market will eventually shoot themselves in the leg trying to rescue their "bitcoin is king". Decentralization is great. But this is just part of it. Bitcoin does not need to keep all the marketcap. The hype this weeks is not related to halving. It is related to gambling and manipulation. 80% of bitcoin are mined. Billions were traded today (and only $7million mined.) - This volume is too high to be good. This makes bitcoin distribution weaker. 1000 Adresses already manage 35% of bitcoin. (which could be several times fewer people or companies than 1000) but at this volume, the daily revenue of exchanges is really higher than the amount mined! This is far form rational. It means masses of private gamblers are donating/submitting to shady trading services for them to accumulate at least 50% of all bitcoin. If you want to keep cryptocurrencies while the bubbles burst, then look for those tht are "not impressed - with low/normal volume to marketcap ratios, like 1/1000.
BITSTAMP:BTCUSDShort
by fineregex
13
bitcoin :: para bowlic fool play every day (read description)dont let them wicked bowls squeeze you (be it daily, weekly, quarterly, decadely) Cryptocurrencies are expensive compared to the past and in a parabolic hypecycle. So most people expect relevant decrease in the following few month The bitcoin fork news arent that heavy positively or negatively. many developer's eyes may be watching bitcoin code so bitcoin may be set to run most stable If it wants. Even a failed fork will only cause a very temporary downtime. Dirty politics try to manipulate. But We decide. Nothing grows exponentially up in the sky, why build the tower of babel every day again? is such nonsense really any characteristic, rational - or just proof of gambling and poorly/un-regulated markets? - Of course it is confirmation of interest and potential, but not smart persistent/sustainable one. Exponential price movement simply also signals something wrong/shady. aka. "They want a lot - but they have to hurry" why? to fool you. (im selling some bitcoin but this chart is not high leverage trading advice, because it is short term and im not sure what the highest price today will be. )
BITSTAMP:BTCUSD
by fineregex
7
Bullish or Bearish? Wait for the triangle to breakIt's starting to look like the plot of a movie. Half of the market seems to try to convince (themselves) we're bullish. The other half is trying to convince (themselves) we're bearish. Everyone looking for validation everywhere. I'm currently out in USDT and sold the three tops. Really not convinced this is going higher so I'm more on the bearish side. But I know I could be wrong, so I'm ready to turn sides at any time I see this going up. 1. First reason I'm still bearish is the 3D MACD line. It has just crossed down and I think there is a lot of room to go lower. 2. It does look like a Head & Shoulders formed. 3. At this precise moment, BTCUSD is within an ascending channel. These kind of channels tend to break down. 4. Yet another one, BTCJPY is within a rising wedge and 1H MACD wants down. 5. We're currently at the last pitchfork resistance. ______________________ There is something I see bullish though, which is the current triangle fractal we're in, resembles the one just before. If this plays, we should dump one more time, bounce, and then go up. ______________________ Currently, my advise to everyone who is anxious to buy back in, or doesn't know for sure if it's a good idea to sell now and take profits for a three month bull run, is to wait and see the direction where this triangle breaks. If it breaks up with volume, buy in and sell around 3800. If it breaks down, well, don't buy. If you're holding use these key levels to get an idea about what to do. Good luck!
BITSTAMP:BTCUSD
by CoinMajesty
39
BITCOIN : no party lasts forever in this worldi may participate if there will be another bitcoin party later later / another year but Half the people went home already. Decrease/reversal also happens exponentially. "party" - i mean secondary, third, fourth hype cycles: now it may looks less crazy than2013. But parties are also not rational. you still cant defeat the time. i dont feel like giving exact trading advice today. any suggestions in comments will be appreciated. If you will like this idea i will appreciate if you tell whether you are personally neutral, short or long. (i believe a like in one's favour is less remarkable than a like against one's current positions.)
COINBASE:BTCUSDShort
by fineregex
6
BTCUSD: UpdateI think we will see a sideways range in $BTCUSD, as anticipated in my last publication. Having bought a position very close to the recent correction bottom, I can comfortably wait it out until the weekly trends are ready to rally again. The timing for this event interestingly approaches August 1st, so, it makes me think the market will grind sideways for longer. There are two targets I came up with, after processing information from weekly and daily charts, which indicate that we can hit prices between 4000 and 6000, so, it won't surprise me to see prices rally rapidly, once fundamental risks are out of the way. I aim to build a 20% position in $BTC by then. Longer term charts imply a rally is likely all year, which is even more interesting, since the SEGWIT2MB date for a hard fork would be by the end of the year, this could be a cause for a correction or consolidation, cooling off after a 2 year rally. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDLong
by IvanLabrie
8