If price remains in channel and crosses the line of the EMA 50 day,
there could be a solid analysis that this is definitely on a decent.
We also need another lowest low, to be sure of the downtrend.
For the moment, the EMA is not giving enough information for
a strong downward trend, but the highest price has definitely
broken for now. General sentiment is,...
There is a good chance that the bottom has come for a while with bitcoin, there is a lot of positive news at the moment about investments buying and holding bitcoin, even the US gov. So why not put some bitcoin into your stocking for this christmas. Now seems like the perfect opportunity, before people decide its a good idea. I doubt it will be this low again for...
Bearish looking chart, with some upside. RSI is at oversold. I would imagine short fast spike up for the first few hours of trading, and then continue down past 14438.40. Will probably rise again when NYSE market opens. Same deal short upside and then probably back down. General consensus is sell, but there will be some short upside. Remember its general direction...
Interesting activity on a chart from a week ago, still holding in channel and hitting fibonnaci.
Top heavy looks like it want to pull back, but a few people think it's going to pull back and then take off.
I rode it today and sold before closing, might try again tommorrow. Be careful it can be volatile commodity trading.
Please this is just an idea, it is not...
