Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Bitcoin - Crypto investing and trading discussion

Discussion in 'Bitcoin Forum' started by heyimsnuffles, Dec 22, 2016.

  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Ok, that time below $6000 was not as bad as I expected.
    There have been at least two strong buying spikes so far, but resistance has not let up yet.
     
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Within striking range of 6800 resistance now
     
  3. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    seeing a bit of a pop here ... been a while since we have seen a one-day move like this.
     
  4. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Now the bulls are calling for 10k back. So far this is just a very nice bounce off support, I would not be getting that bullish just yet!
     
  5. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    8500 resistance area
     
  6. Cmatt

    Cmatt New Member

    Joined:
    Jun 12, 2018
    Messages:
    4
    Likes Received:
    0
    Glad to see BTC back to the 8k area.
    Took a bit longer than I thought and a couple dips to try and flush out anyone possible.
    But a month is not long in trading I guess.
    Now how long will it consolidate in this area before take off?
     
  7. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Whoa!

    Back to the $6000 range, as is tradition. :D
     
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    This time I fear that support will not hold.

    [​IMG]
     
    Kaban and bigbear0083 like this.
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Still holding that $6k... come on already!
     
  10. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    An overnight sell off just below $5900 at 2am, then the bounce.
     
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    hmm...another test of that $6k incoming?

    3rd time the charm for new lows? o_O
     
  12. KyleLennon

    KyleLennon Member

    Joined:
    Mar 25, 2018
    Messages:
    248
    Likes Received:
    25
  13. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    Bitcoin Lingers

    With bitcoin down over 66% from its highs earlier in the year, it may sound pretty unbelievable, but the standard bearer of the crypto-currency space is still up over 50% on a y/y basis. That’s right, back in early October 2017, bitcoin was trading at a price of just $4,283 compared to today’s price of $6,463. Bubbles can take quite a long time to fully deflate!

    [​IMG]

    With bitcoin still trading up over 50% from where it was a year ago, it is actually outperforming all but 12 individual stocks in the Nasdaq 100 during that span. Just to show how timing really is everything when it comes to investing, while just 12 Nasdaq 100 stocks are outperforming bitcoin over the last year, on a YTD basis every single one of them has outperformed bitcoin.

    [​IMG]
     
  14. Kaban

    Kaban Member

    Joined:
    Jun 15, 2017
    Messages:
    96
    Likes Received:
    20
    Not my idea, but wanted to know if you share the view?
    [​IMG]
    "Yesterday I made a very clear analysis that contained 2 absolute FACTS. They are - If price is BELOW 6790, it is BEARISH territory. If it goes ABOVE 6790, we are in BULLISH territory.

    After reading peoples comments in my comment section lately, it is clear to me that people are not reading the text of the analysis, but rather, look at the arrow and make an assumption of the content of my analysis.

    For that reason, I won't be posting detailed text in my analysis anymore. It's time wasted if no ones reading it. All details can be found on the chart.

    This is the alternative scenario IF btcusd breaks 6790 above (Yesterday you got the BELOW 6790 scenario, this is the latter counterpart). "
    What do you think guys?
     
    T0rm3nted and bigbear0083 like this.
  15. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    is this thing about to finally break?

    [​IMG]
     
  16. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Here we go!!

    52wk lows taken out, now we see the flush.
     
  17. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    And down ..

    Lets see some $3000 soon.
     
  18. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    Bitcoin Keeps Crashing
    Nov 26, 2018

    What a difference a year makes! Last year at this time, bitcoin was in the middle of a run where it seemed to break through 1,000-point thresholds every couple of days (and in some cases even faster). Now, the leading crypto-currency is seemingly crashing through 1,000 point thresholds to the downside on what seems like a daily basis. In less than two weeks, the price has dropped below 6,000, 5,000, and now 4,000 today.

    [​IMG]

    The chart above is certainly ugly, and while the decline from the peak earlier this year is by far the largest in point terms, in percentage terms as well, bitcoin’s decline from the highs is nearing historical proportions. In its eight-plus year history, the current decline is only the third time that bitcoin has fallen more than 80% from an all-time high. The largest decline ended in November 2011 when the price fell 93.1% from its high. Then, in January 2015, bitcoin experienced a drawdown of 83.9% from its high. In order for the current decline to move into second place in terms of magnitude, bitcoin would have to fall below 3,006 (-17%) and to surpass the record decline from November 2011, the price would have to fall another 64% to 1,288 or lower.

    If you’re still a bitcoin bull, at least you know that it has actually been here before and eventually bounced back!

    [​IMG]

    Similar to its current percentage decline, bitcoin’s drought without closing at an all-time high is also the third longest on record. At 245 calendar days and counting, the current drawdown is still 597 days shorter than the gap between highs from 2013 through early 2017, and 192 days shorter than the gap from 2011 through early 2013. In terms of getting to the down 80% point, though, at 245 days, the current drop is now second behind the 2011 period which took just 62 days.

    [​IMG]
     
  19. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,053
    Likes Received:
    1,540
    Is anybody getting ready to ring a bell when the lows are hit?

    Usually when you see everybody throwing in the towel and how bitcoin has no future... thats the signal.
     
    bigbear0083 likes this.
  20. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    13,431
    Likes Received:
    4,116
    ^^ this

    almost back to pre-euphoric rally levels here

    [​IMG]
     

Share This Page