BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The pair remains in a bearish trend and the impulsive structure should complete wave (5) around 3,500. On H4 chart the trend is bearish , and as long as the pair remains below wave (1), the next TARGET should be around 8,740. From a technical point of view, sell the pair on every rally.

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Trade closed: target reached: TARGET 1 HIT!
Trade closed: target reached: TARGET 2 HIT
Comment: Half Trillion-Dollar Loss
Cryptocurrencies tracked by have lost more than $500 billion of market value since early January as governments clamped down, credit-card issuers halted purchases and investors grew increasingly concerned that last year’s meteoric rise in digital assets was unjustified. This week’s selloff has coincided with a rout in global equities, with markets in Asia extending losses on Tuesday following a white-knuckle day for U.S. stocks.

Some technical indicators suggest the rout in Bitcoin has further to go. The cryptocurrency’s Moving Average Convergence Divergence indicator, the most profitable of 22 trading signals tracked by Bloomberg over the past year, flagged further downside after turning bearish in December.

Bitcoin also dipped below its 200-day moving average for the first time in more than two years on Tuesday. The last time that happened, in August 2015, the cryptocurrency sank as much as 24 percent over the following two weeks.

Comment: nice rebound!!
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Reverse head and shoulder ?
great work ....though we couldn't make money still :(( was stuck in long position :((
+1 Reply

Please update us ASAP if you see reversal patterns. Closing the trade at this level would make me think that you see weak signals for bearish trend. please explain..
+3 Reply
thx. bro.
+1 Reply
Please give us Update
Thank you
+3 Reply
any update?
+1 Reply
Honestly, I think you are one of the best.
+1 Reply
I think you guys missed the boat and wanna buy really cheap. Of course its mainly gut feeling but this is what i smell
Ok, buble whatever. Bit 3xxx? Get a life. Seriously. Not saying its imposible, but what are the chances?
+1 Reply
josephtse SorinBlajan
@SorinBlajan, Hope you're not losing too badly and can see this ponzi scheme unravelling.
+1 Reply
The least that can be said.
+1 Reply
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