BITSTAMP:BTCUSD   Bitcoin / Dollar
$240 is important daily resistance and the price appears to be forming an ascending triangle , getting ready to break upward. A clear break is at $243 or so on volume . If this happens, I'll ride the trend until it fails.

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ChartArt
2 years ago
The 1 minute chart tells me this is going down right now, but I could be very wrong.
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MoonTrader ChartArt
2 years ago
What's that based on?
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ChartArt MoonTrader
2 years ago
pattern recognition of my brain, but I was wrong
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FredBastiat PRO ChartArt
2 years ago
Also anything less than the 15 minute chart tends to be pretty useless with Bitcoin, IMO
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ChartArt FredBastiat
2 years ago
The 1 minute chart right now. I added the Fibonacci resistance areas after my comment above.

I'm not bull yet. I want to avoid to get played again by buying the potential top here:
http://i.imgur.com/Hd1Z2et.png
+1 Reply
BuyBitcoin.WS ChartArt
2 years ago
yeh looks too choppy and fakeouty for me still. But if u bought at 228-235 by all means ride that see where it goes.
+1 Reply
MoonTrader BuyBitcoin.WS
2 years ago
Agreed. Could still fakeout. Just saw the pattern and it worked so far.
+1 Reply
MoonTrader
2 years ago
Update:

Looks like a fakeout. Was a good trade if you knew when to get out, but not an effective long-term idea.
+2 Reply
Noobincrypt PRO MoonTrader
2 years ago
yah i made the mistake thinking buying at support, only for it fall through today
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MoonTrader Noobincrypt
2 years ago
Yeah, this is not a good trading environment right now. I'm leaning bearish but staying in fiat for now.
+1 Reply
Noobincrypt PRO MoonTrader
2 years ago
me too, last auction announcement was 3 or so days down, followed by a rally... ill wait to see how this plays out, 2 days its friday, maybe friday and/or weekend dumps will be in order.
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blackswan MoonTrader
2 years ago
wise choice, with canada getting hostile and 7k bitcoins floating around i think it's better to stay in fiat atm...
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