ItisCalvin

Tension Builds as Silk Road Auction Approaches

BITFINEX:BTCUSD   Bitcoin / Dollar
264 0 1
We are all holding our breath until the Silk Road auction as it is fast approaching. This may be the event that starts us moving again, but may not be the one the moves us very far. At the moment we are just barely above the support line.

More @ http://www.allbitcointa.cu.cc/2014/06/how-much-of-bitcoin-economy-is-drugs.html

Indicators

DC – We have managed to stay just slightly below the median. I’d wait for a crossover into the upper before making any moves to play an upswing.
Stoch RSI and Stoch – Both were unable to breach up into positive territory. On the other hand, there is not very strong moves down when they both are still in the sold zones. I’d say that is a good sign because if there were sharp moves going down that means bears own the market. Furthermore, it shows that we are heavily oversold for the time being.
MACD – Right on the edge of crossing over or continuing to diverge. I would say there could be a slight divergence before a crossover unless we suddenly move upwards.

Targets (Finex)

Bull Target: $655
Bear: 540
Extreme Bull: 700
Extreme Bear: 515.45
Timing: 3-5 days unless we happen not to break out
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out