BTCUSD - Ready to soar

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
743 16 10
Big amounts of Bitcoins             have been bought during the last few days. I have never traded bitcoin             , and I won't, but a signal like this is worth publishing. Here is the weekly chart that looks very bullish , and gives a target close to 600

The daily chart shows huge volume on the volume bars, and a bullish change in behavior on the Weis Wave. Note that the last days have been false breakouts below the 340 low.
A bear is now converted to a bull !
Its time to buy Bitcoins!!!
its not a bullish COB until you JAC or break out of a chan in the other direction. it would be EvR as it stands currently.
Thank you for teaching me how to trade my system :)
madLyfe vlad.adrian
sorry vlad. it wasnt supposed to sound like that! ;-P
Then I'm sorry if I was rude :P
Huge dip buying still, but NO fundament behind continous price rising. Yes, speculative dip buyers do buy on dip, but then they wait and watch to see if there is ongoing interest in Bitcoin from regular buyers. There isn't any.
Only dip buyers left. So my prognosis: Any price jump driven by dip buyers is a good selling opportunity for the informed traders.
You think that volume comes from dip buyers?? Nope, it's not. This doesn't mean that BTC has to rise, but BTC was bought in big amounts for some reason, and it wasn't done by dip buyers
+1 Reply
Patladj. vlad.adrian
Yes, I agree. BTC was bought in big quantities. Price has risen to some level as a consequence. That is now past.
And Yes, I agree again: This doesn't meant that BTC has to rise any further.
And technicals precede fundamentals, not the other way around
wow that was surprising mate ;)
+2 Reply
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