Bitcoin/ Dollar -BTCUSD - Daily - Sell this rally to 9-day MODE

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2648 45 27
The 9-day mode is actually larger than I had originally drawn = gives this current day-high a touch on that resistance line and a level to sell short.

Target the lows 280-275 in the next 9-days.

Tim 383.45 last, 12:16PM EST 10/9/2014
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i think... well, may be the price goes up again, not making another bottom which is different from my previous opinion..... It appears that the price has broken the 20MA in a daily chart. Unless it returns to below 20MA, i believe today can be a good opportunity to purchase.
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Whats you're take on this pump right now, reversal? or going to dump like the last pump from last week did?
As someone who has been trading BTC since the start, the bottom is in. Just look at recent bitcoin interest and volume. That's all the confirmation I need
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timwest NicholasAmato
+1 Reply
timwest NicholasAmato
Thanks for your reply - can you define more specifically what you mean? I'm interested to know what you are saying.
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Sell in may and go away. Do you trade stocks or futures? That's what we all say. Last year at this time volume spiked up and interest sparked. I believe it is happening again. I run bitcoinprotrader.com, a site I'm about to start updating again. A couple weeks I got a few sign ups and I had none since April on a website I didn't update. That's interest. Volume confirms price
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NightWish NicholasAmato
I couldn't agree more, the volume that we saw at the 276usd spike was so much higher than the months before, this indicates a reversal imo.
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Mode hasn't been re-tested, looks bearish to me.
IvanLabrie IvanLabrie
I stand corrected :p
i agree with you. Unless the price cuts through 20MA in a daily chart, which has not happened at least just once after the price started to slump down, i can hardly expect the bullish market.

Thank you.
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