We are very close to breaking the long-term trendline. We're either going to fail to make a new high and slowly churn downward again, or we're going start a long climb to bullish targets. Since we already have major baseline support below us, I'm leaning toward the latter If we start to see volume coming in here and the price moving steadily past that...
I'm short-term bullish as we come to the end of a bigger descending triangle while testing $340 resistance, which has been tested several times, but there's been a lot of selingl volume lately. Sometime in the next week, I expect the price to react to the new moon and finally break $340 support with conviction and go on to test $300s and possibly down to $250 in...
This is a rehash of a recent idea I had in a different scale. Maddie requested that I do this chart in log scale, so I did, and as you can see, the results are pretty much the same. The target based on the interception of the bull flag and the long-term trendline is still about $250.This, I believe, is the "crossroads" for bitcoin. Interestingly enough, the...
Which way will we go? In-position: -Stop Loss: $595 ~ 599 Sleeping in fiat: -Buy: $621 onwards
Over the last few months there have been several major crashes which are always followed by very strong rallies in compensation. None of these have managed to break the bear trend we have been in since the top. We are, right now, days away from a convergence of this trend with the overall log growth that started in early 2013, got touched with the Silk Road crash...
There is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level. Several points lead to a higher position from here. - Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these...