JonR
Long

Technicals DO Work with BTCUSD

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
665 0 3
I was wondering if technicals work with BTCUSD's relative low volumes and now it's been near perfectly confirmed. We have had a DT and fibs are nearly perfect from a chart I made on 11/28. Good news is that even with a very low volume instrument like this we have seen confirmation of Fibs and DT's, pennants and flags, trading ranges et al.

This does mean that EWT's posted against this are probably valid as well - however there's too much variance in EWT             for my tastes.

Def a trading instrument. But always want to keep some in cold storage.
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