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In Bitcoin We Trust

  #21 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42

I'm back in at 115, not exactly sure what to make of last nights price action, but it no longer looks particularly Bearish to me.


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  #22 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42

Broke through the resistance at 117 into a tight channel, still holding.

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  #23 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42


Wallets just got a lot more user friendly while increasing security and alleviating some data loss concerns. CarbonWallet just came online that takes an entirely different approach to online wallets.

from Introducing Carbon Wallet | Bitcoin MagazineBitcoin Magazine


Quoting 
Carbon Wallet is adding a third paradigm to this mix: the server holds no backups at all, and the wallet is instead deterministically regenerated from the user’s password each time the client loads.

This deals with the issue of backups, as even if the service is offline you can re-create your wallet through Client applications such as Electrum, or any other wallet services that I am sure will crop up utilizing this scheme. It also deals with the issue of database access, but not malicious server admins or users infected with malware.

I would still only recommend using an "online" or mobile wallet (I am sure Carbon will come out with a mobile app soon) as a hot wallet, think of this as a checking account, with your savings in cold storage disconnected from the network (frackin Cylons!). I honestly don't use wallets too much though, as pretty much 100% of my funds are in the exchanges at the moment, this may change in the future.

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  #24 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42

I sold my long at/near entry of 115, broke out of channel & MAs crossed.

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  #25 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42

More eyecandy


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  #26 (permalink)
 
Gabriyele's Avatar
 Gabriyele 
LA/CAlifornia REpublic
 
Experience: None
Platform: NT7
Trading: Chello
Posts: 3,017 since May 2011

@Arkiteq great form!!

Excellent BC Journal!! Thank You!!!
love the BC for all that it stands for!

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  #27 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42


Gabriyele View Post
@Arkiteq great form!!

Excellent BC Journal!! Thank You!!!

Thanks. I encourage any feedback on my trading. While Bitcoin is alien to some, much of the same technical analysis rules should apply.

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  #28 (permalink)
 
Gabriyele's Avatar
 Gabriyele 
LA/CAlifornia REpublic
 
Experience: None
Platform: NT7
Trading: Chello
Posts: 3,017 since May 2011


Arkiteq View Post
Thanks. I encourage any feedback on my trading. While Bitcoin is alien to some, much of the same technical analysis rules should apply.



post # 7 has the paterns drawn out, it may help you out, if you like the pattern geometry ? that is :-)

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  #29 (permalink)
 Arkiteq 
Portland, OR
 
Experience: Beginner
Platform: Sierra Chart
Trading: Bitcoin
Posts: 57 since May 2013
Thanks Given: 30
Thanks Received: 42


Gabriyele View Post


post # 7 has the paterns drawn out, it may help you out, if you like the pattern geometry ? that is :-)

I'll take a look, always interested in areas of confluence among different traders perspectives.

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  #30 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 866 since Jun 2011
Thanks Given: 610
Thanks Received: 1,091


I think the whole concept of bitcoin is intriguing. But just like anything illiquid. Why would I risk trading it? It jumps around more like a penny stock. Liquidity is very important for a trading instrument unless you enjoy going bust. That said I will enjoy watching your journal because you will either make a boatload or go bust. Either makes for an interesting show.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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