BITSTAMP:BTCUSD   Bitcoin / Dollar
81 11 0
This is my first guess
Little baseless. I think you could at least tell us that your target could be based upon the last resistance that we saw around here.

Needs a little more work with some added lines in order for anyone to really make sense how you got to this. Highly unlikely to go along the same support and resitance lines even if they did happen recently. I've been in the market for sometime, well actually not as long as most would think, and there can often be hidden support/resistance lines. 565 is one that is on the chart and you should have considered.

Well if you can toss in some indicators or something than that would be little bit better than just having targets.
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magarto ItisCalvin
Don't be cruel! It is his first one ;)
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ItisCalvin magarto
I was giving criticism which I didn't mean to sound rude. If it is where is it?
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mikemo ItisCalvin
I was actually trying to save it just for me. I'm quite new to the whole margin trading story and busy figuring everything out. I didn't mean to post any bullshit here.
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Didn't think it is BS or anything along those lines I was just thinking there was some support and resistance lines that these targets were based on. For the everyday person this chart wouldn't help them since they may not know what to look for. I was trying to see beyond what isn't on the chart to see where you possibly go these.

There is a save button down near the bottom left which I use all the time for many charts that I use often. Keep the indicators and lines that I use saved.
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mikemo ItisCalvin
Okay I see it now! Unfortunately, I can't delete the post anymore, but in the future I'll try to save it for myself and only post proper charts (once I actually have some knowledge about the whole thing).

But thanks for the help! I'll have a look at your charts for some inspiration.
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johnrfraser ItisCalvin
it needs to be 565 really doesnt it...any lower and this bull rally looks doomed
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ItisCalvin johnrfraser
Well we are in a bull trend so for now small moves like that aren't going to turn the trend. 565 is the first potential resistance zone since it has been tested at least twice from this chart. May be more tests. I haven't actually looked at the charts so I don't know what may happen if it hits lower than 565 or 550.
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johnrfraser ItisCalvin
on my 1 day chart 565 is about the bottom of the channel for tomorrow morning (I'm in UK so that's now for me)...after a day of dropping and not really picking up consistent volume in response, i don't think it will look good.
The way its hovering at 570 now though, if it gets to midnight without going down much further, it starts tomorrow a.m. off right at the bottom of the channel, giving a clear channel upwards for the day...maybe drawing lots of enthusiasm to break 600.? top of my channel is 615 for tomorrow
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johnrfraser ItisCalvin
I posted this so you could see what I'm saying and let me know what you think:

fresh start for tomorrow? fyi ItisCalvin


Thanks a lot
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johnrfraser johnrfraser
ps sorry, lines all over the place in that chart, but it's just the channel and the timing I'm talking about
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