Notice the red rectangle or cloud on top of each resistance and notice how they all end up with a big dump of $90 or $60-50. Their is a strong possibility that we will see the same scenario in our current situation unless of course a whale decides to push us up. But I am still sticking with my plan for now with buys at 545-550 and another somewhere at...
These are some situations that could happen. The 3rd one is the one I feel may be the most likely on reflection having seen this type of action before. I feel resistance is weak however support is exhausted from recent gains so may just dip slightly while support is gathered ready to break through the $700 barrier.
After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less.
It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a...
There is lot of excitement as traders compare previous "Bubble" and subsequent price bottoming from which the price plotted bullish path and its apparent resemblance to the recent low at 340. This has given many Bullish traders to start talking about new bullish trend and price projection north of $2000 by August 2014 and yet other $5,000 by Dec 2014 etc
Could,...
One thing I love about Bitcoin is these massive pump and dumps. When they complete I find them a beautiful thing to study and analyse. I think they are one of the most important things you can try to identify if your day trading because they happen so frequently.
Firstly, this was quite a large operation. I counted roughly 50k coins injected initially and 50k...
This is designed as a basic set of rules for trading Bitcoins. It is quite conservative for Bitcoin, but has been back tested to show that it's also historically highly profitable.
Chart Settings:
Set MA Cross at 9,21 on daily chart
Rules:
1) Always follow the rules
2) When MA crossover occurs trade in direction of crossover trend
3) When trading long have...
EDIT: Update posted.
Barring any crazy investors buying btc at an exchange instead of an ETF stock exchange fund... normal buys will reach a peak sometime soon (May 10th 0001-1200). Willy almost looks like he wants to say "Hi", but I think he'll stay under the covers which will make the downtrend less interesting and hidden. MACD is showing a nice bull...
New pump from China right now might be substantiating my claim here, or just facilitating a big dump incoming... =P BUT! According to my newly acquired tools from LazyBear, looks like we have a small bull session ahead of us since the broken trendline just occured and the inverted RSI shows a clear upward trend vs the flatline on the previous dump. I don't...
