Slot
Long

Just getting started

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
207 1 2
Picking tops (and bottoms for that matter) seems an impossible task to me, therefore I trade upon trend line breaks which have been tested multiple times in the past. Nevertheless, this is a scenario I'm currently keeping in mind.

Personal summary
- 8+ months of consolidation
- 7/30 EMA weekly cross
- 50/200 MA golden daily cross
- 50/100 MA 3D cross
- Broke through many long term (~ 1-2 years) resistance levels and bearish trend lines (only the big dotted curve indicated in this chart for readability purposes)
- Generally neutral market sentiment; the substandard level of decision making regarding e.g. blocksize increase and the lack of Bitcoin             utility in everyday life still bothers me.

I'll be looking for a top when the weekly RSI hits around 80 or big trend line breaks such as the purple one, On shorter timeframes with smaller positions I'm getting in and out on trend line breaks such as this one:
snapshot

Lastly I'm also seeing technical similarities to Q3 2012, which makes me consider a 50% retracement of the all time high as a possibility.
Looks great! Do you have an update?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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