I had this stockpiled for the occasion (but I was very reluctant to believe).
Probable tops seems to be: 900 USD (index/spot) and 950 (quarterly contracts), excluding possible over-shots (especially on futures where the premium limit will be roughly 80-90 USD above the index by then).
I do not like the charts for less than 2 hours. But in a 15-minute TF I observed the following pattern to draw their conclusions.
In the RSI I drew two lines generating a range between 58.7371 and 29.3487 with an average (dotted line) of 43.6458.
When it is in a trend bull moves leaning on the average of 43.6458, when this bear, the opposite.
When it breaks the...
The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible,...
Now that Bitcoin has had what some believe to be a long overdue correction from the summer's rally, I'm back to looking for long opportunities. The price fell sharply on news that Bitfinex, one of the top exchanges, had been compromised, however, buyers were quick to come in and buy up coins below $500.
Between the buying interest demonstrated near the current...
