trader734567

trader734567

So i started noticing worrying factors when bitcoin was at 47k. 1) supply and demand-I noticed that majority of buyers were institutions i.e microstrategy and luna foundation. More on that in the idea linked below;Why instituions buying bitcoin worries me. 2) Trend- there was just no bullish momentum,twice on the dailies there was a bullish breakout but no juice...

trader734567

"don't try to catch a falling knife." is a phrase that comes in mind. With the current trend i wouldnt mind a 30k bitcoin for a couple of weeks. This is a continuation of the current shorts i hold. The ideas are linked below

trader734567

One of my best strategies is not to trade bitcoin. But if you are like me it can really test your patience because you always want to be in the market.This scenario played out a week ago when i called a bearish bitcoin So what do i do; 1). Reduce your leverage to a max of 5x and short. What this will do will reduce your loss if you are wrong and also give you...

trader734567

January 14/2020; CME Group (CME) launches option trading on its Bitcoin futures contracts. The next day, Bitcoin soars about 9% in excitement. The debut of contracts on the Chicago-based exchange was a success, with volumes exceeding those of rival Bakkt on the first day of trading. February 05/2020; Bitcoin does not excite Warren Buffet. He dubbed it "rat...

trader734567

traded this back in march. some quick profits.linked the trade below

trader734567

Been doing some research on bitcoin., Here's an excerpt from an article; "July 30/2014 Over the summer, a slew of eager businesses joined the Bitcoin bandwagon, including Microsoft (MSFT), Dell (DELL), Braintree (a Paypal (PYPL) subsidiary), and online shopping behemoth Overstock (OSTK). However, the long-term price decline continues, and by the end of the year,...

trader734567

Prices drop over 10% of their gains on June 21 as a poll suggests that UK voters are leaning toward remaining in the EU, after rising nearly 50% between June 1 and June 18 on the back of the Brexit momentum. After the survey helped propel financial markets and the pound higher, Bitcoin dropped another 9.92 percent on June 22, causing Bitcoin some difficulties....

trader734567

We are trading in a 3hr bullish trend for the last 9 days. Possible massive bullish volatility incoming

trader734567

On November 19th, Finney praises Satoshi for some revisions and inquires about the Bitcoin network's aspired size, which would effect scalability and performance. 'How big do you think it will get? Hundreds of nodes? Thousands? Millions?’ This foreshadowed the scaling discussion, which eventually resulted in the emergence of splinter cryptocurrencies such as...

trader734567

What is the value of bitcoin? Is it an asset or currency? In my opinion it is neither just yet. In article #1 We discovered that the first time bitcoin was priced by an exchange. They did so by calculating the electricity it took a single computer to mine a bitcoin. So if the last bitcoin will be mined in 2040,What then will bitcoin be priced by? January...

trader734567

Bullish trend remains as we break back into 3hr price discovery. looking for a new high if we hold. Still above 100 ema

trader734567

April 11,2013 Bitcoin drops over 70% in two days as a panic sell-off ensues. Satoshi Nakamoto is? Well the mystery of satoshi will always be there. For me i think satoshi is an idealist. Rather than speculate lets try analyze a moment which was a tipping point for bitcoin." Wikileaks announced that they were accepting Bitcoin donations because they were kicked...

trader734567

Hi there am neotrader. So price action has been wild for the last couple of months.Alot of fortunes have been made and lost.I first got in bitcoin@ 13k rode it to 64k.Then lost most of my investment as it dumped to 29k.If you are like me then you have had a painful year.Grab a drink or a puff and drown the pain.But in all failures comes lessons for success.I have...

trader734567

Can we close above the 100 ema on weekly timeframes. Price action in the 4 hr timeframe may indicate a breakout

trader734567

We havent been below 100 weekly ema. 4hr chart shows we are in price discovery. Above 4hr ema

trader734567

Seems to mean an end to a bottom has been set. Aggressively buy

trader734567

Bullish factors: 4hr trend-bullish break of descending triangle above 100 EMA

trader734567

If bitcoin doesnt close above 40k soon.With the trend so far We might be heading to the lower 30s