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  • #61
  • Feb 23, 2021 1:18pm Feb 23, 2021 1:18pm
The pair still holding above 4 hour support now around 45000, a base below will slide it to around 38000
Currently, the best is to wait for monthly and weekly close/open to see the more clear bigger picture.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #62
  • Feb 23, 2021 1:45pm Feb 23, 2021 1:45pm
Sounds hilarious when those BTC hodlers start bragging about BTC reaching new highs.
They didn't wake up yet from their dream to notice that there is no one to cash out with their BTC at such high prices if they wanna exchange it for money at price they wish!
Depending on the country they live in, by the time they maybe find someone or will need many if they have big quantity, price would have crashed to levels non desirable for them to sell at anymore!

There is something in life called conviction. Making 100 200 500% of your initial investment is more than enough to cash out your money, then wait search for better opportunity than hanging on hopes and dreams with a cryptocurrency that have no history and its price can fluctuate and fall hugely in no time!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #63
  • Feb 24, 2021 12:10am Feb 24, 2021 12:10am
ChiForex thanx for starting this thread. I don't want to hijack what you started here so I'm gonna create my own Bitcoin thread. Cheers!
  • #64
  • Feb 26, 2021 4:05am Feb 26, 2021 4:05am
Bears seem basing price below 47000 to drive the pair lower on 4 hour toward daily support, currently ranging btw 42000-37000

Will anyways wait for weekly/monthly close/open to decide the next move.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #65
  • Feb 28, 2021 2:46pm Feb 28, 2021 2:46pm
BTC looking to slide down in March, starting to have resistance around 46000, a break is to around 49700, and around 54700 should hold the pair from advancing.
On downside that's favourable, support starts around 40000 and around 37800 is critical level and might prove to be a turning point if price bases below toward 34000 and 29500 should hold the pair from further falling.

An unexpected further weakness will dive the pair to around 23000 that would hold the pair from falling in March and provide a good bounce gradually to the upper said levels.

Set your entries, TP/SL according to the said levels
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #66
  • Feb 28, 2021 2:49pm Feb 28, 2021 2:49pm
If this pair violates my said analysis above and price keeps recording new highs, then it would no longer be about technical trading ruling the pair but only random movement controlled by more hodlers blindly buying at any level. In such case, I'll quit trading this pair and delete this thread. Lets see..
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #67
  • Mar 2, 2021 12:50am Mar 2, 2021 12:50am
Quoting ChiForex
If this pair violates my said analysis above and price keeps recording new highs, then it would no longer be about technical trading ruling the pair but only random movement controlled by more hodlers blindly buying at any level. In such case, I'll quit trading this pair and delete this thread. Lets see..
A view for today?
  • #68
  • Mar 2, 2021 1:52am Mar 2, 2021 1:52am
Sold 49700 with the said support targets stated before for TPs while SL at a base above 55000 with an option in hand to add another sell at the said 54700 for a retrace back to around 50000 initially.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #69
  • Mar 2, 2021 1:57am Mar 2, 2021 1:57am
Quoting Tim_isoara
{quote} A view for today?
I don't post daily in general.
My monthly March statement in a post above..mentions the entries/exits you can use.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #70
  • Mar 2, 2021 1:57am Mar 2, 2021 1:57am
Quoting ChiForex
Sold 49700 with the said support targets stated before for TPs while SL at a base above 55000 with an option in hand to add another sell at the said 54700 for a retrace back to around 50000 initially.
Sold at 49700 and target is?
  • #71
  • Mar 2, 2021 2:19am Mar 2, 2021 2:19am
Last move was from 43000 to 50300. I think will se a retracement to 50% fib to 46.600.
  • #72
  • Mar 4, 2021 10:55am Mar 4, 2021 10:55am
Currently, on Facebook people are talking more about DAI ! Is it going to heat near future?
  • #73
  • Mar 10, 2021 1:04am Mar 10, 2021 1:04am
Sell executed at 54700, last chance for this pair to prove me wrong that it's not based on BS movements ruled by hodlers!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #74
  • Mar 14, 2021 11:21pm Mar 14, 2021 11:21pm
Thanks to all who participated in this thread. As said before last chance was for this pair to stop the clowning movement but it failed, so as it proved to be not based on technical, no longer trading this shit. If anyone knows how to delete this thread all one time?
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #75
  • Mar 18, 2021 3:54am Mar 18, 2021 3:54am
Quoting ChiForex
Thanks to all who participated in this thread. As said before last chance was for this pair to stop the clowning movement but it failed, so as it proved to be not based on technical, no longer trading this shit. If anyone knows how to delete this thread all one time?
BTC is the most easy instrument , I have traded so far in my life ...
  • #76
  • Mar 18, 2021 6:21am Mar 18, 2021 6:21am
Hodl. - Just joking . Problem on Bitcoin is that it is worthless if countries forbid it. It is a hype. Lots of amateurs think they now how to do it now. It is rediculous and will crash in the end as usual.

The last guy bite the dogs in the ass. Technical analyse is very hard to do here, only on weekly base you can do sth.
  • #77
  • Mar 18, 2021 9:43am Mar 18, 2021 9:43am
Bitcoin is about to give breaking $60K+ another try. On the cusp right now. Could be momentum on a $60k break. I am betting it has some follow through if it breaks.
Attached Image (click to enlarge)
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  • #78
  • Mar 19, 2021 3:13am Mar 19, 2021 3:13am
Guys, I terminated this thread, just couldn't delete it all, seems ff forbids this after some period of thread start.

Again, BTC not good for technical trading, who are physically buying it will face big losses sooner or later, in many countries it's forbidden so they're exchanging it like thieves do, while in other countries there are no instant buyers at price you want to sell. So how does it matter if you bought at 50k when you can't sell it at 58k if you want!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #79
  • Mar 19, 2021 3:17am Mar 19, 2021 3:17am
Quoting Saxio
{quote} BTC is the most easy instrument , I have traded so far in my life ...
It's always the "grey" new member who says stuff like this ... yeah yeah.. so easy...
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #80
  • Mar 20, 2021 3:58am Mar 20, 2021 3:58am
Look how they pumping Bitcoin by USDT unlimited emission, they simply do not give BTC to fall. This is a pyramid in clean view. On the chart below - orange line is bitcoin price and blue line it is a USDT market cap. Every time when Bitcoin drops, they pumping USDT market cap even more and the BTC price goes up almost immediately or after a little delay. As soon as they stop pumping - the price immediately falls

Attached Image (click to enlarge)
Click to Enlarge Name: USDT 39.21B +0.01% Nasdaq big Mozilla Firefox_210320134606.png Size: 113 KB
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