simonsays452
Long

Bitcoin getting all coiled up. Waiting for signal higher.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
122 0 0
We're seeing a symmetrical triangle forming on the daily here with two consecutive spinning tops from last week and two consecutive dojis yesterday and today. We're clearly in a consolidation zone with indecision running high.
Comment: So we've broken out! There's no fundamental value yet in BTC, so price is really only a function of demand. Demand that is generated by either hype and/or concentrated increases in transactions. Hype has died down from a few weeks ago, but Argentina has another massive devaluation waiting in the wings. Going long BTC (I own a few Bitcoins in separate trading account) might be an interesting way to play a "wiping the slate clean" in Argentina.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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