Hi sixer, Not sure what that millionaire city-slicker indicator is saying but judging by social mood and the growing resentment against Bitcoin, even a move back to $20k will soon return below $10k. The eventual bottom is below the cost of mining ...

As the folk saying goes: "Don't confuse value with price" The value of Bitcoin is censorship-resistance, permissionless transactions and a solution to the dilemma of digital double-spending. As long as governments practice KYC/AML and a war on cash, ...

RondaRousey, Why pee in the drinking water? We are all traders trying our best to profit from the price swings, right? Now you choose to be the Moaning Minnie in the group and what for? This isn't a fanboy site, its a trading forum. Please don't ...

Hi to Cableguy, tostaky06 and all, Thanks for the praises tostaky06! I must admit that without a hard-and-fast method in place my trading very much resembles "Mr Bean goes to Market". Unfortunately I cannot show much technical justification in this ...

Happy New Year to all the crypto-traders. When I opened this thread in 2013 they sent me hate-mail for saying "TA" and "Bitcoin" in the same sentence. During the 2014 decline they mocked us and laughed. Now they cannot get on-board fast enough - ...

Marco-Kanto, mw108, interesting to see the large brokers starting to offer Bitcoin CFDs. You probably saw the news that the CME will be offering bitcoin futures. Yes, bitcoin price can cover vast distances per trade, so it is lucrative to trade with ...

Sixer, looks good! Parabolic top coming up, eh?

sidhujag, also, think about it this way for a moment: The entire Syscoin developer team combined does not equate to even one Greg Maxwell or Pieter Wuille. If computer scientists like Maxwell or Wuille saw an eventual benefit for Syscoin, would they ...

Sure sidhujag, I happen to think that Namecoin has potential for anonymity and an escape route from IANA. However, none of these coins can beat bitcoin's price moves. That people are falling for ICO scams and betting big on Wall Street frauds like ...

Sixer, I had mixed results (little reliability) with moon phase analysis when I was trading forex and gold, as you confirm. However, with a highly emotional commodity, like Bitcoin, driven primarily by greed and fear (of missing out), the moon phase ...

It can also be argued that the money that would have entered the cryptoscam market was diverted to Bitcoin instead. Hence the altcoins couldn't make a new high, for lack of liquidity, and will probably decline as money continues leaving them (for ...

Some people make a good argument that the other cryptos are scams, frauds, and soon to be bankrupt .com ICOs

Fair enough, and a rational argument. However, if your proposed wave v tops out in the coming week or two then where does that place price in relation to the necessary coin-doubling rally into Nov ~20th? Price has only rarely declined, as opposed to ...

Mostly agree with your wave count. In the 4hr chart, the iii and iv labels could be moved left one subwave each, because I've noticed that bitcoin tends to make a "flat" zigzag for most corrections - with wave B making a new high and wave C (to the ...

Last thought for a few months: "You got a horse race, you got a dog race, you got a human race, but this is a rat race" - Bob Marley

Wait for the buy signals - "don't catch a falling knife" !

There are times any rational trader will short BTC because it covers distances of $100 and more in minutes. Which is lucrative, but if you short at the wrong moment it will destroy your account. It depends on your method. But remember - and don't ...

kimmerya, that's good and all but you quote a stock chart idealized diagram. Bitcoin is not a stock, nor is its market regulated to conform to previously observed patterns. Don't look to authority. Trade this thing as it is.

For sure, RondaRousey, sharing does not detriment anyone. Bitcoin itself is Open Source - shared freely for anyone to change or fork - and sharing market opportunities can only strengthen the participation and the price move. Nevermind the good ...

Hi tostaky06, Technical analysis implies highs at $6400 and $7500 - just plain fib extensions of previous waves during the past 2 years. Technically we could also expect a retest of $5000 before then, right? Fundamentally, there is a coin-doubling ...