BITSTAMP:BTCUSD   Bitcoin / U.S. 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.
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 MoonTrader
yah i made the mistake thinking buying at support, only for it fall through today
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MoonTrader Noobincrypt
Yeah, this is not a good trading environment right now. I'm leaning bearish but staying in fiat for now.
+1 Reply
Noobincrypt MoonTrader
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
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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The 1 minute chart tells me this is going down right now, but I could be very wrong.
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MoonTrader ChartArt
What's that based on?
Reply
ChartArt MoonTrader
pattern recognition of my brain, but I was wrong
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Also anything less than the 15 minute chart tends to be pretty useless with Bitcoin, IMO
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ChartArt FredBastiat
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
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