Bitcoin - Price and Volume call for a further fall

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1230 38 26
Bitcoin             has been going down for a long time and people are still talking about what a marvelous invention bitcoin             is. I am no expert in the fundamentals of bitcoin             , but I know that this is a clear downtrend, and one should look for opportunities to sell. Whenever bitcoin             goes back to the wave, it is time to sell. Look at overbouught conditions on the Force Index , and how accurate selling signals they proved to be.

Besides the downtrend, it seems that the relationship between price and volume works very well here, and one can use this information to predict key areas on the chart. I can tell you that the next key interest area is the 150$, where the lows of the extreme range days are.

By looking strictly at the price action, it is pretty obvious to me that after periods of consolidation, bitcoin             starts moving.

I am not a bitcoin             trader, I have never traded it. However, if I had to trade it, I would go short and I would be very comfortable with my position.
it's going upward. Now what is your opinion, adrian?
IncreaseMyT JimanKim
pretty funny looking at these comments in hindsight xD

"Typical comment from a beginner that does not understand the difference between a fundamentalist and a technician. Please keep immature comments for yourself"
If my comments are gonna be vanished don't be sloppy. Do them all. Leaving a few out of context sprinkles in the hope I'm seen as a lunatic doesn't make Tim West et all look better.
Stingy bastard! Gimmie -5 at least. Go on... You know you want to!
sry , there is nothing more I can do for you
HexVex HexVex
-13 would be better. It's my lucky number :)
-1 Reply
It's a very tradable chart showing break out opportunity either way. I can't see why this got so political. It's not like Tim West et all charting doodles of a global meltdown worse than the Dutch tulip collapse, 1929 & 2008 combined... Just to prove they still don't live with their mother :P Will people go homeless and hungry if crypto's take a beating?
I dunno. Some headshops might go bust.
Can I have -5 for that mod so I beat rivet.popper? I haven't had a good minus number for ages :)
-3 Reply
Interesting. This could be the outcome on one of my charts posted today. Cool.
BTC $495 soon. Then next stop $730.
IncreaseMyT IncreaseMyT
1 week macd should cross, and when it does we should move up fast

+1 Reply
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