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Bitcoin & Crypto Technical Analysis

  • 22-01-2019 7:04am
    #1
    Bitcoin Racoon
    Registered Users Posts: 1 ✭


    Morning

    I thought it might be interesting to set up a Bitcoin TA thread.

    I've been doing TA for a number of years, mainly day trading.

    I'm hoping to post some analysis on a weekly basis, this is for entertainment purposes only and not financial advice.

    The more the merrier, if you practice TA post here :)


    I posted this yesterday on another platform.

    $BTC / $USD 4 hr chart

    Bitcoin Price $3,582

    Momentum and price action picking up with volumes gradually increasing.
    Ich bullish TK crossover below the cloud.

    Outlook Bullish, position long

    Not financial advice, dyor
    Tagged:


Comments

  • #2
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    Not a single memeline. I'm losing faith in TA practitioners.


  • #3
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    My cat took a piss in a flower pot this morning. Applying this as a variable, and trending it out over a 87.2 day rolling average using the Baader- Meinhof convergence divergence and then slapping some fibonacci retracement goodness on top leads me to believe that the RSI is undersold and that bitcoin has a 17% chance of reaching 3611 dollars by the next full moon.


  • #4
    Tinder Surprise
    Registered Users Posts: 1,462 ✭✭✭Tinder Surprise


    JohnnyFlash wrote: »
    17% chance of reaching 3611 dollars by the next full moon.

    Full moon was last night so you're a bit late ..Feb 19th is the next full moon by which time your cat will have had many a piss.

    Would you like to revise your predictions up or downwards?


  • #5
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    JohnnyFlash wrote: »
    My cat took a piss in a flower pot this morning. Applying this as a variable, and trending it out over a 87.2 day rolling average using the Baader- Meinhof convergence divergence and then slapping some fibonacci retracement goodness on top leads me to believe that the RSI is undersold and that bitcoin has a 17% chance of reaching 3611 dollars by the next full moon.

    Finally, a bit of clarity. Thx - just bought 100k


  • #6
    unkel
    Registered Users Posts: 64,703 ✭✭✭✭unkel


    JohnnyFlash wrote: »
    using the Baader- Meinhof convergence divergence

    If she hadn't been cremated, Ulrike would be spinning in her grave reading that :p


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  • #7
    ManOfShade
    Registered Users Posts: 3 ✭ManOfShade


    Great to see a TA thread here.

    I was going to leave boards thinking there's not much activity on the crypto front (especially at 80% from highs!).
    I've been trading xbt & other assets for a long time now but unfortunately failed to find any other irish traders (sound ones).

    PS: Unfortunately it seems I'm too new to post pictures so can't share my outlook. In short I'm bullish until close to $5k and then expecting brand new lows to kick in. I hope Bitcoin Racoon's disclaimer can just be a global disclaimer so that we don't have to remind people its not financial advice. XD


  • #8
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    JohnnyFlash wrote: »
    ...the RSI is undersold and that bitcoin has a 17% chance of reaching 3611 dollars by the next full moon.

    Should be noted that this happened less than 6hrs after posting.

    Tell us more oh wise one!


  • #9
    smacl
    Moderators, Society & Culture Moderators Posts: 15,705 Mod ✭✭✭✭smacl


    Two brand new posters, one post each, both on this thread pushing TA? I smell a rat :rolleyes:


  • #10
    ManOfShade
    Registered Users Posts: 3 ✭ManOfShade


    smacl wrote: »
    Two brand new posters, one post each, both on this thread pushing TA? I smell a rat :rolleyes:

    ur Not much of a TA fan i guess ? ...its good for ya! ;)


  • #11
    tcawley29
    Registered Users Posts: 1,829 ✭✭✭tcawley29


    Bitcoin Racoon wrote: »
    Morning

    I thought it might be interesting to set up a Bitcoin TA thread.

    I've been doing TA for a number of years, mainly day trading.

    I'm hoping to post some analysis on a weekly basis, this is for entertainment purposes only and not financial advice.

    The more the merrier, if you practice TA post here :)


    I posted this yesterday on another platform.

    $BTC / $USD 4 hr chart

    Bitcoin Price $3,582

    Momentum and price action picking up with volumes gradually increasing.
    Ich bullish TK crossover below the cloud.

    Outlook Bullish, position long

    Not financial advice, dyor
    ManOfShade wrote: »
    Great to see a TA thread here.

    I was going to leave boards thinking there's not much activity on the crypto front (especially at 80% from highs!).
    I've been trading xbt & other assets for a long time now but unfortunately failed to find any other irish traders (sound ones).

    PS: Unfortunately it seems I'm too new to post pictures so can't share my outlook. In short I'm bullish until close to $5k and then expecting brand new lows to kick in. I hope Bitcoin Racoon's disclaimer can just be a global disclaimer so that we don't have to remind people its not financial advice. XD
    JohnnyFlash wrote: »
    My cat took a piss in a flower pot this morning. Applying this as a variable, and trending it out over a 87.2 day rolling average using the Baader- Meinhof convergence divergence and then slapping some fibonacci retracement goodness on top leads me to believe that the RSI is undersold and that bitcoin has a 17% chance of reaching 3611 dollars by the next full moon.

    All we're missing is Pintman Paddy Losty to complete this one


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