timwest
Short

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

BITSTAMP:BTCUSD   Bitcoin / Dollar
2647 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.
+1 Reply
Whats you're take on this pump right now, reversal? or going to dump like the last pump from last week did?
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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
+1 Reply
timwest PRO NicholasAmato
Bitcoin /Dollar - BTCUSD -Daily - Two Scenarios from here $375
+1 Reply
timwest PRO NicholasAmato
Thanks for your reply - can you define more specifically what you mean? I'm interested to know what you are saying.
snapshot
+1 Reply
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
+1 Reply
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.
+1 Reply
Mode hasn't been re-tested, looks bearish to me.
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IvanLabrie PRO IvanLabrie
I stand corrected :p
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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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