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Thread: Bitcoin

  1. #265

    Join Date
    Dec 2009
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    The High Desert
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    1,021

    Default Re: Bitcoin

    My Elliott wave eye says that GBTC will fall back down to the previous wave 4 of wave 3 low, which is the low in mid-May around $200. So if it's got that much further to fall I suspect bitcoin will fall along with it.

    GBTC - SharpCharts Workbench - StockCharts.com That's one of the prettiest 5-wave up charts I've seen in a long time, very clear, with the wave 1 peak in early January, wave 3 top was in late May or was a "truncated" top in early June, then wave 5 was at the end of August....so down it goes to the 200dma minimum, and will likely overshoot to around $200 I think. Perhaps a Fibonacci 78% drop from the $1065 top is the target, that would be $234. Just my 2 cents.

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  3. #266

    Default Re: Bitcoin

    Boy, I hope you're wrong - at least in the short-term. I had my eye on that open gap hoping it would eventually get filled. I had an limit order to buy some at 570 and it got filled just at the close. I also bought some earlier in the day at 626 so...



    Unfortunately there's another gap below.


    btc is trying to reverse from the lows of today, but not getting much follow-through.


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  5. #267

    Default Re: Bitcoin

    coins still dropping. ETH is interesting to me now. I may buy soon but I would like to see if support holds around 200. RSI is showing close to 20.
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  7. #268

    Default Re: Bitcoin

    Although, we are at the cup and handle breakout point from early august at 226 ish
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  9. #269

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Boy, I hope you're wrong - at least in the short-term. I had my eye on that open gap hoping it would eventually get filled. I had an limit order to buy some at 570 and it got filled just at the close. I also bought some earlier in the day at 626 so...
    Another day. Another sell-off . Another gap filled... but trying to hold.




    Now all the open gaps are on the upside.

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  11. #270

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    47,526

    Default Re: Bitcoin

    Check this one out!
    Links Crude Settle $46.44 08-29-2017
    -$.13 Loss





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  13. #271

    Default Re: Bitcoin

    Are we close enough for a buy? I started to put in a stop limit at 3000 yesterday but didn't. We went a little below. If this area holds we could be back to an uptrend.
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  15. #272

    Default Re: Bitcoin

    (VIDEO) The full CNBC interview with MGT Capital Investments CEO John...
    https://www.cnbc.com/video/2017/09/1...hn-mcafee.html

    ___________________

    John McAfee
    https://en.wikipedia.org/wiki/John_McAfee

    "... He has been extremely bullish about bitcoin, writing on Twitter in July 2017 that he predicted that the price of one bitcoin would jump to $500,000 within three years, and "If not, I will eat my own d*ck on national television" ..."
    ___________________________________
    "He that cannot reason is a fool. He that will not is a bigot. He that dare not is a slave."
    - Andrew Carnegie

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  17. #273

    Default Re: Bitcoin

    He's quite the character.

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  19. #274

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    He's quite the character.
    Indeed.
    ___________________________________
    "He that cannot reason is a fool. He that will not is a bigot. He that dare not is a slave."
    - Andrew Carnegie

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  21. #275

    Default Re: Bitcoin

    Quote Originally Posted by clester View Post
    Are we close enough for a buy? I started to put in a stop limit at 3000 yesterday but didn't. We went a little below. If this area holds we could be back to an uptrend.
    Looks like a classic reversal day, and anyone willing to sell probably has done so. But now these new buyers could be scared out again if Jamie Dimon is short and opens his mouth again.

    Anyway, we're in a new frontier but technical analysis has worked pretty well on bitcoin so far and where it found support last night looks about right.

    http://www.tsptalk.com/images/mb/091517a.gif


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  23. #276

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Looks like a classic reversal day, and anyone willing to sell probably has done so. But now these new buyers could be scared out again if Jamie Dimon is short and opens his mouth again.

    Anyway, we're in a new frontier but technical analysis has worked pretty well on bitcoin so far and where it found support last night looks about right.

    http://www.tsptalk.com/images/mb/091517a.gif

    Thanks for the insight. I bought some btc at 3500. I'm buying small until I can get a good feel for it.


    Sent from my iPhone using TSP Talk Forums
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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