go long because of:
- increase in media attention
- lots of international organizations are now supporting the value of blockchain and bitcoin
- macd is pointing up
- crossing rsi pointing up
- increase in volume
- steady growth in price & volume since november/2015
Maybe the big players are trying to replicate the 2014 spike to 1K USD per coin??
Who knows...
Bitcoin is innovative, it is ground breaking, it is disruptive.
That's not enough, its never the invention but mass adoption of the technology that drives a cycle.
For the next rally to be truly sustainable Bitcoin needs a critical adoption and a new killer app. Silk road is one of the first true killer app of Bitcoin, including Purse.io that provides people an...
The chart shows the currently active bullish setup on the weekly chart, as well as the important support levels below.
We should pay attention in the coming days, since I think we will see a retracement soon.
As long as we're producing weekly highs every 5 weeks, we're in a strong uptrend, specially while sitting above the weekly mode, from where a 18 week rally...
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support.
I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at.
Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
I'm out. We pierced the only support that mattered.
Watch out for sharks... the whales have left the building.
And once again, they say, thank you for your buy support as they sold off their bags of holding.
Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating.
It's even dropping as I'm writing this...
This is SPECIFICALLY what I mean, when I say, you cannot predict bot action.
www.cryptocoinsnews.com
How much did you lose on this? Or were you prepared for the take?
There are SOOOOOO many bots out there.
quatloos.org
bitcointalk.org
www.coindesk.com
AND, soooo many more idiots that don't know how to use them.
Please don't go long on a fully manipulated...
I just noticed these angles lessening on the detrended price oscillator, right near some crossovers and Stoic RSI being overbought with the second bactrian hump coming into play.
$465s again?
I really don't have much to say ...
But I am happy that my remaining sells all triggered
at $605 while I was being evilly trolled by the $1000 bulls.
And except for a few morsels left that I trade altcoins
with, I'm 100% out, til the bottom, then maybe I'll
come back out and play.
I keep seeing people use the log scale on prices...
and then read them wrong!
You switched to log, but then you're leaving your thinking in linear.
Log scale for BTC is even worse than proportional/linear.
But still shows trending toward mid to low 400's as the { dust settles, air is let out, steam is let off, people stop caring because it's not in the news...
