Bitcoin Price Thread

Discussion in 'Cryptocurrencies' started by Magna, Nov 26, 2017.

  1. johnarb

    johnarb

    #1501     Feb 8, 2018
  2. traderjo

    traderjo

    Lets get this sorted once and for all Johnarb, are you going to defend Crypto currency just by using the excuse that "even the established financial product with real backing ( Commodities. Country based currencies etc) experience volatility "
    It seems you still believe in this as a storage of wealth!
     
    #1502     Feb 8, 2018
  3. johnarb

    johnarb

    traderjo, I already stated my opinion on this.
     
    #1503     Feb 8, 2018
  4. schweiz

    schweiz

  5. Pekelo

    Pekelo

    Let's talk technicals!! On the daily chart for 33 days, the price hasn't been able to close or even just go over the SMA line. So that is the big hurdle upward, currently sitting around 9.5K. I would use that as a shorting zone.

    Once that zone is cleared, one can get more bullish on BTC, but there is still the upper BB at 12K what would be a major shorting line.
     
    #1505     Feb 10, 2018
  6. Pekelo

    Pekelo

    Finally after 36 or so days, we are above the SMA on the daily! That is quite bullish...
     
    #1506     Feb 14, 2018
  7. Pekelo

    Pekelo

    OK hitting the upper BB on the daily, just around 11K. Short it down to 9K...
     
  8. johnarb

    johnarb

    Are you shorting bitcoin (futures), Pekelo?
     
  9. Pekelo

    Pekelo

    So just for the record, the current high was 11.3K and dropped down to 10,175, currently 10.5K.

    Thus with very little heat one would be in profits waiting for more drop.
     
  10. johnarb

    johnarb

    I think your previous calls were also good, but I don't think you made a trade on any of them as I did not see any details of your position.