graham.edwards84

BTCUSD panic reigns supreme

BITFINEX:BTCUSD   Bitcoin
I had to chuckle a little bit when a chart popped up in the side bar and the guy was screaming SELL BITCOIN RIGHT NOW!!! First of all I don't think it is ever a good idea to advise people when or what to buy or sell ever as it can get you into all kinds of trouble and secondly... where's the fire? Calm down and take a look at your technicals and make a quiet rational decision... lol.

It looks fine... there is still plenty of support on the 300 chart 200 MA and so we just made a little double bottom on the 30 minute chart on the right and it is hitting my target trend lines perfectly.

What about this fractal formation though hey? Very interesting... so the entire complex on the 30 min chart fits into the red circle on the 300 (left) chart. I just love the way the universe works... so cool. Fractals are everywhere...
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