dopebroker

dopebroker

Just noticing the lack of volume at 90-day MA, but the way the price is pulling away from the Moving Average in correlation to previous trends.

dopebroker

This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...

dopebroker

It seems the Head & Shoulders reversal has failed and we've just gone sideways instead. This is much more attractive on 1d candles, and looks like we're setting up for a breakout at some point here. News will need to force us through resistance on high volume and we will need to close above the trendline. StochRSI is bottoming out here as well which is perfect...

dopebroker

It was brought to my attention that before the last bubble roughly around the same time that Bitcoin pulled back and then traded sideways for roughly 45 days right before the Silk Road crash and subsequent bubble. I believe we could be approaching this with what looks like a head & shoulders pattern. I will update with a chart of the drop last year and the...

dopebroker

A quick look at today's potential action. Right now is as good of a time as any to establish long positions.

dopebroker

I used the arrows to highlight the areas in which we have seen the crossover between the MA-50 and EMA-15, coupled with high volume, rising RVI, and overbought RSI. I don't believe anyone should actively attempt to short here if holding bitcoin is your objective, however I do believe we will see a final buying opportunity very soon here before the ultimate run...

dopebroker

Nosedive before #TheComeUp

dopebroker

I believe I may have jumped the gun when I saw that the China news did nothing… It still seems as though we may have some downside according to the chart… unless we see a massive boost of volume this week that pushes us up.

dopebroker

As much as I wanted to see my short position work out, it looks like you can't fight the trend. Logarithmic + Pitchfork, nice channel eluding to $5500+ on the next peak. Also shows that we're at the bottom for now. RSI also shows we recently hit a low point, which coincides with the beginning/transition of every other bubble we've seen thus far. EMA / MA...

dopebroker

I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves. Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement. Volume...

dopebroker

After doing some research on Fib Fans I found the way the fan tracks this movement to be almost a text book recipe for what will be a bullish head and shoulders reversal. The lowest low is obscured by the volume bars, i apologize… However, I believe this is a fair outlook that supports the theory that we should see this bearish trend die. Ideally for bears we...

dopebroker

The fibonacci retracement is in place in order to show the price levels that this has followed on it's way back up from the initial dump and the overall downtrend. MACD Oscillators show that we're in the same position as the last big leg down. Stoch RSI confirms that, as well as the positioning of candles and the 50 SMA, and 10 EMA. The 50 SMA aligns with the...

dopebroker

Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...

dopebroker

Short until June.... It's the reality of the market right now. Low demand, China news, increasing difficulty for miners with dropping prices, regulation... these are all negatives for the currency. KnCMiner will be releasing their Scrypt ASIC miner entitled the "Titan." It is my belief that many of it's first adopters will begin mining with their gear on...