HarTm564
Short

Bitcoin can go down there now or from the upper lines

BITSTAMP:BTCUSD   Bitcoin / Dollar
There is possibility that Bitcoin can go down now to 540, or from the test of the lines from 602.53
Stop Loss little above 612.

Look at the comments for better explanation and other charts.
So there you have it! The same "currency" named BITCOIN are in real life, if you want to trade it, really different.

Its like with twin sisters with different names, Mary and Jane and you wander which of them are more beautiful and if you got married one of them often there is too late to know that Jane has this bad habit of snoring in the night and then you think that Mary would not have it, but you really don't know which of other bad habits Mary also have. You just simply don't know...
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Now I'm not consistent enough. The chart above doesn't appear because of my lazy effort to put it as a chart in the post, but there it is

snapshot

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This other comparison are obvious enough, see the chart, this time there is another way around with this inconsistency, this time BTCe is less than bad, and Bitstamp hold its melody:

snapshot


snapshot


I wander, what would happen and is there the same huge inconsistency in the Forex market...
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Its funny how the Bitcoin charts are operating. There is no consistency to the point of absurdity. So I decided to post some comparison of the Bitstamp chart and BTCe chart.

This was my learning curve to look at Bitcoin charts closely cause I made the original analysis on my trading platform and the broker was not Bitstamp but BTCe, so I rushed to post my idea of this 4H chart not paying the attention that this are a different charts, also I didn't know that there is this horrible inconsistency of this two. Taking my only knowledge and observation from FX charts where inconsistency are not a big deal between brokers.

snapshot


This is fun cause I though that there is something wrong with my analysis that I did some mistake. So I wait two weeks and now there is a clear picture and as you can see, primary analysis didn't lie, because the price on BTCe in this two weeks time or less, didn't even touch the theoretical stop loss of 612 price.
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It went not exactly as expected, but if you know how to use Stop Loss then this trade would be fine with small profit or in the worst case scenario it would bring zero profit. Depending how passive or active a trader is.
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