JimMakos

Why Bitcoin meeting resistance at $1,090 was No Surprise

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
486 7 2
http://goo.gl/WSeb5p

Bitcoin uptrend met resistance at $1,090. Will it hold?

Will you trust the short-term uptrend or the twice-confirmed resistance level at the daily chart?
Wow, such analysis. Very Expert. Wow.
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JimMakos BryceWH
Well, it doesn't have to be complicated. A previous support or resistance level is all it takes sometimes.
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So why was it no surprise?
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JimMakos ThomasVeil
Because of December's resistance. You can read more in the link I included.
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hindsight's 20/20 huh? anyone can post a chart a day later with their "expert analysis" OH GOLY NO SUPRISE HERE.
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JimMakos BryceWH
If you've read the linked article, you'd have seen that I talked about that on January 5. https://plus.google.com/104941013638539474491/posts/TrgffyQAf2E
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Vague ideas are not the same as posting a chart detailing your ideas. This chart you posted has no indications at all:

https://lh3.googleusercontent.com/-68H-b5VYZsk/Usmxuhn2v1I/AAAAAAAADEc/J_1vjPSUTq4/w895-h624-no/bitcoin.png

Thanks for playing.
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