Spekulatius

Oh oh, How could we not see this WEDGE?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
404 2 3
Oh oh, how could we not see this giant WEDGE?

We may be in for a thorough correction exploring the strength of that 100$ resistance once more, if this bearish wedge breakes down.
This forecast is neutral, because things are not as clear cut as this pattern would make you think:

1: The SR crash recovered very rapidly (although on low volume )
2: We had a break through of the 150$ recently (that could still proof a fake break out)
3: Strong Chinese buying going on

Also as someone pointed out, the same graph with Bitstamp data looks slightly more bullish , add to that BTChina and at least we have normalized volume . The wedge remains a bearish scenario nevertheless.

So just keep this in mind so it doesnt hit you out of the blue when it happens, if it happens;)
:P
Reply
bear poooowweeer! :-)
Reply
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