Technician

BTC Surfing Averages & Channels

BITSTAMP:BTCUSD   Bitcoin / Dollar
551 6 2
Bias is neutral to bearish following the moving averages bearish crossover, we will probably hit 705-683 major support area . Bearish confirmation/acceleration below channel support. Alternatively, a bullish crossover and a break above the falling channel may signal a leg high to initial resistance at 910
If you dont want to miss any trade and see all the trades live, fully transparent. Join my FREE channel here https://telegram.me/technician_forex_trades
I watch your analysis closely, and from what I observed you usually get it right. IMO this bitcoin is just a dream, the dreaming of becoming rich over night, like winning the lottery or the jackpot in a casino. Do you think that technical analysis works on bitcoin or any other instrument like it?? Sure there are some patterns, you can find patterns everywhere, but is there really a good way of forecasting future prices?? I'm still gonna think the same way about bitcoin, I'm just curious to find the opinion of a good analysist like yourself.
Reply
Technician TOP vlad.adrian
2 years ago
Really thanks, you have a great point here. I have to admit that I am still experimenting with this instrument. I also have to say that the "irrational" volatility of this instrument makes it "almost" impossible to trade(i mean here profit from). However, in terms of technical analysis and forecasting. any instrument with sufficient trading volume can be analyzed through technical tools. But for me, u may noticed that i never posted a trade on btc, although i trade most most instruments.
Reply
vlad.adrian PRO Technician
2 years ago
yes that's exactly why I asked, cause I never saw before an ideea of a virtual coin from you and I was surprised to see you started with bitcoin.
Reply
Technician TOP vlad.adrian
2 years ago
Actually, i posted two forecast ideas before, but not trading setups(i mean no trade was provided)
Reply
Technician TOP Technician
2 years ago
I advise anyone not trade this thing unless they really know what they are doing.
Reply
atwell.luke
2 years ago
You failed to mention that the last dip was on news of the arrest of bitinstant CEO in connection with Silk Road. Remember what happened on the last time news came out regarding silk road?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out