Official Cryptocurrency Trading Thread

[SilverRex]

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Should I move all my XRP into BTC? :P

if BTC hits an all time high, all coins will benefit, personally I am in XRP/LTC

[CompletelyNumb]

I actually moved all my BTC into XRP last week when you called BTC to drop (which it did). I have a decent chunk of XRP now, just not worth a ton since it ebbs and flows with BTC.

[SilverRex]

btc made a lower low, that rally 7900-8600 was just another wave 4 bounce. now btc has given us another solid 5 down. the 7500-7700 area happens to be the 61% level which at the beginning of this correction was the low side of the buy zone. cant believe it has to come all the way down here. And Eth in a similar story where at one point I was expecting a back test of the 570 area which we are basically here.

im not phased by this drop, and neither did the crypto shares. I have added another tranche in Mara and BTSC

[Chandler_Racing]

Still think we will see a retest of the ~$6k water mark.

[SilverRex]

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Still think we will see a retest of the ~$6k water mark.

if btc doesnt find support here, moving to 6k would mean we are headed to 3k

[Kobe]

Thoughts on this idea? I checked days and its always been on the 6th

https://www.tradingview.com/chart/BT...TCOIN-HISTORY/

We also saw this on March 30th...

[Super_Geo]

Anyone looking to sell BTC or ETH here? PM me if so.

[tonytiger55]

Is this relevant or is it media scaremongering...?

https://www.theguardian.com/technolo...orea-coincheck

[revelations]

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Is this relevant or is it media scaremongering...?

https://www.theguardian.com/technolo...orea-coincheck

This is relevant, and has happened for a very long time and on a number of occasions. So nothing new, however.

[Kobe]

@SilverRex I have tried to do a Technical Analysis as you have done many times.

From what I see Bitcoin is now burning quickly and there is two options

OPTION 1 - BLACK HOLE (Most likely) - The fire will keep burning and the bears have started it and we will go down more

OPTION 2 - MOON - We will skyrocket to Lambos


With Option 1 being much closer and the fire burning hard I feel its around 80/20 for Black Hole




Comments welcome..

[FunWheelDrive]

Whats the difference between NASA and Bitcoin?



NASA isn't going to the MOON!!!!!!!

[msommers]

I tossed in some spare cash to LTC sometime in November. That money is basically gone lol

[CompletelyNumb]

Crypto account is at an all time low since 2017.

[revelations]

Another T/A chart to consider:

http://charts.woobull.com/bitcoin-nvt-signal/

The calculation of NVT Signal is Network Value divided by the 90 day moving average of Daily Transaction Value. This differs from regular NVT Ratio which is simply Network Value divided by Daily Transaction Value, when graphed we typically smooth the results with a moving average

It indicates, that BTC has a bit more downside in relation to price.

When Bitcoin's NVT is high, it indicates that its network valuation is outstripping the value being transmitted on its payment network, this can happen when the network is in high growth and investors are valuing it as a high return investment, or alternatively when the price is in an unsustainable bubble.

[nzwasp]

Maybe john McAfee will be eating his dick after all

[revelations]

I think 5k is achievable.... at least before the next run up.

[SilverRex]

BTC

My count, possible mini 5 up and 3 down finished, wave (iii) of (v) of (III) next. Alt suggest wave (b) up with (c) back down below 7229. as long as 6793 holds, expecting higher prices still.

[Kobe]

Quarterly Crypto Report Q2 2018

https://assets.coingecko.com/reports...t-EN-Large.pdf

[Super_Geo]

Anyone looking to sell ETH?
PM me!

[SilverRex]

btc

while is fun to try and count crypto, the hardest skill to master is really the timing. we are now entering about 9 months into this correction. I think keeping it simple is really the key word here. I think just about the whole world has given up on it and no one talks about it anyway, which is the sentiment we need for stuff to start happening. buy low and sell high, or buy real low and sell real high. I am still expecting once btc finds it's last legs 'true bottom' when this stuff moves, people will again forget how volatile trading in this space can become. I still expect new highs once the wheels gets going.

right now btc is holding a thin edge just above the previous low at 5777. as long as this holds, I can still envision this being an extremely steep wave 2 (double bottom) to take us back up to 7000. breaking this will change the count for that final wave (C) bottom of a much larger ABC imo. Similar to the miners gdxj I posted on the other thread, key is 8500. if price ever gets above this, then you know the real fun has begun. risk takers can start planting their position here and lay the mines down the lower she goes. if you want to play safe, then wait until price takes out 8500 and scale in gradually.