Daily Bitcoin Technical Analysis Thread
- Thread starter Nash Commerce
- Start date
- Nov 12, 2012
- 1,560
- 893
Logic and Crypto dont go well together..
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
Analysis in stocks and crypto is 99.99% the same. The risk will always be calculated by what your take profit point is, over your stop loss.
So I’m saying ok if it drops below this point I am selling, if it goes up I’m taking some profit here and I’m taking some profit here.
these markets typically are placed around strong support and resistance levels. We do this because over time we see trends forming, we can see ok 9/10 if it hits 35k we bounce back up,‘that’s a factor for us to place a stop loss right below 35k because 35k is broken the next common support is around 30-32k.
thank you, you too bro.
no problem, it’s a very valuable skill.
JD90
Regular Member
- Dec 9, 2019
- 305
- 69
Gotcha. So learning technical analysis with stock market resources will carry over then.
CyberHour
Elite Member
- Apr 3, 2016
- 1,705
- 932
Exactly why I eat popcorn. Reading TAs for crypto
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
Exactly why I eat popcorn. Reading TAs for crypto
it’s not a crystal ball. But it works.
The lines and trends aren’t just “lines and trends” they show data of psychological behaviors when certain parameters are met.
Ex. (If x happens then y happens 70% of the time) you stack these psychological behaviors to make an educated guess.
CyberHour
Elite Member
- Apr 3, 2016
- 1,705
- 932
Of course they aren't just lines . But when 100 wallets own 90% of the current BTC supply.. changing hands and manipulating the market with the help of crypto exchanges and Tether fake printing.. is not like trying to predict the Tesla or Amazon or even Oil future price and trend
Note: If the several 1.5 trillions silver market is manipulated image what is happening behind the scene with low cap assets like BTC.
Yes your logic in build on Long postion and i like long than short poitionsHey everyone, there's a lot of talk about bitcoin and crypto these days.
BHW has helped me, so this is me giving back.
Here I will post daily / semi-daily charts & technical analysis on the market in real-time.
This is the current BTC/USD market right now, at roughly 2 PM EST.
Green means go, red means stop, yellow means slow. Simple right?
Not really, when prices are flying people are buying. When prices are dipping people are shitting.
The culprit? Human psychology, the graphic below is worth a hundred million dollars...
“If I only had an hour to chop down a tree, I would spend the first 45 minutes sharpening my axe.” – Abraham Lincoln.
This market is unforgiving, especially to new traders and investors. It is very important that you study the information above and understand the correlation between them before you even think about investing or trading.
Your mind will play tricks on you. Your heart will lie to you. Numbers don't lie.
Make sure to watch the thread, as I will be updating this regularly with new analysis as the market changes daily.
I'll also be getting more in-depth with advanced indicators such as Fibonacci, rsi, macd, Heiken-Ashi, moving averages, divergence, etc.
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
Of course they aren't just lines . But when 100 wallets own 90% of the current BTC supply.. changing hands and manipulating the market with the help of crypto exchanges and Tether fake printing.. is not like trying to predict the Tesla or Amazon or even Oil future price and trend
Note: If the several 1.5 trillions silver market is manipulated image what is happening behind the scene with low cap assets like BTC.
I agree, there is manipulation but the people manipulating it are the ones using these same indicators and price levels to operate from. The big guys need liquidity to exit their positions, that’s why they use technical analysis which in turn markets are still cyclical, leaving us money to be made.
DarrellTreyTrey
Regular Member
- Apr 20, 2018
- 296
- 104
ETH is always a good bet imo. The fundamentals are solid when it comes to development and it's a much more versatile platform.
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
I like Eth.
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
Today’s profits.
Up roughly $1,200 on this trade total.
Up roughly $1,200 on this trade total.
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
Up $1850 now.
Investment of $10,400 now at $12,250.
Investment of $10,400 now at $12,250.
Nash Commerce
Regular Member
- Jun 29, 2020
- 539
- 861
I closed my trade and took profit.
$1850 profit. +17.52% I believe.
I posted another thread about it with exactly what I did word for word when I entered the trade.
You wouldn’t want to copy the trade now anyway it’s too late. You have to get in before things start pumping.
Buy when no ones looking.
Otman Novovic
Junior Member
- Jan 18, 2017
- 172
- 115
do you have an account on Tradingview I want to follow you
