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AnthionX
Jan 23, 2014 5:40 PM

BTC-e One hour stochRSI buy signal... perhaps. 

Description

I often look for clear entry/exit signals using the stochRSI indicator along with Fisher and as much other information as I can get. Here we see a fairly strong buy signal as the stochRSI crosses up over the 25 line at a steep angle. The Fisher is in agreement. But I'm skeptical about the actual upward momentum here because of the high level of Accumulation shown on the Accum/Dist indicator. I think this buy signal could be a lot stronger. Other information available is we have seen prices conform to a very strong price channel established following the text book bump and run reversal from Jan 2 to Jan 6. There is strong price interest in the 780 area providing support there as demonstrated on Jan 8, 9 and Jan 13.
I have placed a smallish buy based on this signal but I'm going to watch it carefully and exit if it loses ground and watch for better entry points in the 780s.
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