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dopebroker
May 11, 2014 1:16 AM

My Error Short

Bitcoin / U.S. dollarBitstamp

Description

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.
Comments
ItisCalvin
I have a feeling the markets are going to move soon. No, they will move soon. Gonna get really exciting soon. Hold onto your hats guys and gals!

Thing to note about BB. They become really inaccurate at detecting breakouts for longer term periods. The MA 20 it provides is useful, but besides that I wouldn't use BB.

I'm looking over everything and am noticing something with Stoch. hmmm... I'll have to do some TA about it later. Maybe tmrw.
usaoscoin
Market is gonna move alright - sideways.
dopebroker
I only use BB as a measure of volatility. It's the least of the important indicators here. the MA/EMA, Stoch RSI, and low volume definitely are not signaling for an upward move yet.
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