Australian (ASX) Stock Market Forum

Bitcoin and cryptocurrency trading thread

if you did not know anything about the instrument
how would the current chart look ?
guess which time frame the uber bulls watch the most ....
btc sellers in control 090721.png
 
I literally just buy on double digit dips and sell on double digit runs.
 
I see many BTC traders have a similarity to us Gold bugs, and looked for a comparison chart of the two.

Below is a chart over 12 mo. of BTC price/Gold oz prices. It is interesting to give another perspective on this fascinating market.

It basically charts how many ounces of gold are required to buy one bitcoin.

gg

Screen Shot 2021-07-09 at 5.40.42 pm.png
 
I see many BTC traders have a similarity to us Gold bugs, and looked for a comparison chart of the two.

Below is a chart over 12 mo. of BTC price/Gold oz prices. It is interesting to give another perspective on this fascinating market.

It basically charts how many ounces of gold are required to buy one bitcoin.

gg
the mare of steel

GG xauusd/btc
 
I hadn't seen my system buy any BTC lately so I checked my chart. I work on the 4H chart and it looks to be ranging on that. The 4H has saved me some whipasawing right now thankfully. I've made a tiny bit on a few short legs on ETH. (It's soy, corn, and gold that have been active lately.)
 
Likewise. Have held my sell from a few weeks back.
But once this leg down is complete there maybe a great upside opportunity as we should start the best rally since the bear started.
For now have not done any price projection analysis, but based on triangle pattern the measured move should carry to the aporox 23k level or slightly under??
 
At least it's moving decisively again. Hopefully it drops more and then BOOM stimulus moneyezzzz.
 
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