BTCUSD - Ready to soar

BITSTAMP:BTCUSD   Bitcoin / Dollar
740 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.
wow that was surprising mate ;)
+2 Reply
It was very surprising for me too :)). If someone told me yesterday : Vlad you will post a Bitcoin chart tomorrow I would have told him that he's crazy, and I am not coming close to bitcoins, ever. I won't trade it tho
+4 Reply
Alcor vlad.adrian
Never say never. There may come a time when you will want to kick yourself for not seeing the advantages Bitcoin could bring to the world. I understand why you won't want to trade this right now though, the technology and infrastructure are still way too immature and stepping into another dotcom bubble may not seem like the best idea. However people who said the internet was just a bubble and a passing fad back in 1999 were only half-right in the end. ;-)
+2 Reply
+1 Reply
ChimbOt PRO Technician
Tech do u agree?
I am a long term bearish on btc, so we might see a short term bounce, but that wont change my bearish view.
+3 Reply
BitcoinGuru Technician
Yeh Timwest too shares your opinion and me as well. I think we will see $200 in the short-term before going upwards for good
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
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
A bear is now converted to a bull !
Its time to buy Bitcoins!!!
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