Benjamin_

Waiting For A Clear Break Of Direction

BITFINEX:BTCUSD   Bitcoin / Dollar
2940 33 21
All roads lead to the 200D Ema . Having broke through our Monthly R1 Pivot , 100D EMA and have now made a daily close above this we can assume this will act as future support.

The only thing which will invalidate this bullish run will be to break below 265/270. Since 300 is a huge psychological level expect a lot of chop between the two levels marked above.

Note the level on RSI since January 30th 2015.

Looking forward the next test is the R2 Monthly Pivot around 305 then our 200D Ema around 335.


Update Posted Below.
Hey, good calls as always. We're at a decisive point right now, I think we are going to test the 200 area at this point since it's another important psychological level and see how it behaves there. It could be a turning point once again, I'm expecting a pretty decent bounce and the continuation of ranging. What do you think?

Da wedge in da wedge
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This is really clear and easy to understand for a newb like me, can you recommend any courses where I can learn this stuff?
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Bull Run Officially Over.
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feedthemcake1 Benjamin_
http://upload.wikimedia.org/wikipedia/commons/5/50/The_Bull.jpg
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Hernz Benjamin_
It was fun while it lasted.
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kenzboard PRO Benjamin_
Still waiting this this move. All this bullish hope has all but kept the price from tanking but now it's simply flat lining with horrifically boring price action.
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This is more to the point of what I am watching but depending how pedantic you are for log or arithmetic scale which the top chart is not and gives a completely different view using the Schiff Pitchfork depending on the scale used.
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Benjamin_ Benjamin_
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Benjamin_ Benjamin_
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