MTGOX:BTCUSD   Bitcoin / U.S. Dollar
78 0 0
Well we pulled into that green zone and resisted the 200 EMA again.

We did not see the upthrust, exhaustion, and rejection we were looking for to confirm a reversal. The last few hourly volume bars into this zone were in fact bullish , indicating a test could be carried by the market. Furthermore, all sideways movement into this level contributes to bullish sentiment as the zone is no longer considered extreme in the range.

The short term channel is broke and may now provide support . The next test area to watch appears to be the upper range of the medium term channel. The 100 and 200 EMAs are also here and appear to be in play.

My bias is still sell this moment but I'm seeing bullish activity into these zones (or what is masked as bullish activity). With volume this low, make of it what you will, but I'm not ignoring it. Remember, using TA in super low volume environments is anyone's guess and may lead you right into a smart money trap.

What we know:
Key support: 880-*860 / *850-830 (880 taken out once; major levels at 860 & 850)
Key resistance: 900-920 / 940-960 (900 has failed, new potential support area ; 920 has held multiple tests, could be weak)

Reversal signal: Upthrust (on decreasing volume ) into the 200 EMA & 920-930, confirmed with exhaustion and rejection. Expect acceleration to key support in these circumstances. On any other test of 920, expect a potential breakout to 940.

In other circumstances, enjoy watching goxbot lead the world.

Cheers. Have a good #MarketParty ya'll.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out