BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
227 4 2
Intraday Price testing low range area. Expecting a Bull Bounce very soon. Hagopian Line must hold as Support
OKCoin BTCCNY charts are much more useful for 5 minute time-frame forecasts than Bitstamp, which suffers from very low liquidity.
+1 Reply
Bitcoin markets are so manipulated that it's nearly impossible to make predictions in such low time frames. Now the Hagopian line support seems broken, but it doesn't invalidate the upward bounce prediction. On the other hand, that prediction was already not a valid one in my eyes. For such thin markets, you must be in a very aggressive mood to rely on a pitchfork prediction. I bet such a prediction would yield more than 50% accuracy, but it needs proper money management to take that risk.
support broken .. thoughts ?
ahaha shit.....
-2 Reply
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