MoonTrader
Short

Market still bearish - the three super moons and what they mean

BITSTAMP:BTCUSD   Bitcoin / Dollar
513 1 2
A weak pump brought us up about $15, but it didn't last long and is already testing its take-off point. That said, it may move up into the 530s again, but I honestly don't expect that. We have a bearish divergence on OBV and weak volume still.

Indicated by the red moons, you can see where the 3 full super moons in a row that we have had this year (quite an anomaly). The third of these 3 is coming up in 4 days, so expect the price to move down within 2 days of Sept. 9th, reason being that 2 of the 3 super moons so far have been bearish indicators as shown by the red arrows on the chart, meaning that the third probably will be as well. The fact that these 3 full moons have had no positive impact on the price means the bearish trend is strong.

Seeing as $400 has historically been support, breaking our previous low to test it would be extremely bearish , providing a target of about $200 on the long-term linear trend line support, not shown. I am planning on shorting at least until $400 where we may have a bounce and then again to go much lower, with stops above the blue line.. After this happens, the bulls can expect a much better year in 2015.

Related Ideas

ChartArt
2 years ago
Bear moon? :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out