BitTrading
Long

Bitcoin BTC/USD Turning Point

BITSTAMP:BTCUSD   Bitcoin / Dollar
One of the best ways to spot a trend is observing the volume involved the action. Starting from this point we can see that the volume is decreasing considerably since October so that we can consider taking into account that the trend is ending, more specifically, the downrtrend.

For the next weeks we will see a decrease in volume in general until february more or less when the turning point will appear progressively. From 1/3 of the year to June or July may go to a high prices.

Accum/Dist- This indicator remarks what the strong hands are doing and is a very useful way to see trends health. In this case, we can see that there is a looong upside trend wich indicate a progressive acummulation of Bitcoins ... and when Bubble-time comes and the indicator goes anormally high, it corrects itself and start to distribute to balance the market, and this is what it has been happening since Mt.Gox hoax. But this correction is coming to an end.

Momentum- Momentum actually is already spotting the turning point, and that could be why sellers are "hiding" (volumen decreasing)

(I'll edit this post with more information)

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