MTGOX:BTCUSD   Bitcoin / U.S. Dollar
413 14 2
I think Current Point is the Bouncing Point to 920 and Above
the Downward Movement is Losing Power Visible in MACD
can you draw up those lines in Btc-e? Im new to this...and im listening... I have placed order at 792 BTC-e..but I would hate to miss the train. Thanks
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HosseinMansouri DeanGoncalves
There you go my friend
snapshot
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DeanGoncalves HosseinMansouri
man...you drew that fast...what is it you are viewing in..1 hr?
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HosseinMansouri DeanGoncalves
I'm a forex trader since 2008, so ;)
it's 4 hours chart
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DeanGoncalves HosseinMansouri
I tried to copy it in my chart...not sure if its right...but line is almost breaking for a downward fall to next support..am I right?
snapshot
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HosseinMansouri DeanGoncalves
yes your chart looks alright.
add MACD indicator to it and you will see that there is bullish divergence there, so falling is unlikely
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DeanGoncalves HosseinMansouri
I did...but seems like you adjusted it to match last drop as the last drop on Mac, is coming down towards bottom more then last...
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HosseinMansouri DeanGoncalves
i didn't adjusted it to match the drops, i had drawn ascending triangles and descending triangles and extended those line, that is all
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DeanGoncalves DeanGoncalves
I was simply talking about the mac...trying to understand all this..so I make wise choice..
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DeanGoncalves HosseinMansouri
So...do you think we should buy now?
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