YR
Long

BTCUSD A view for Long Trader and investors.

YR  
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
778 5 2
BTCUSD             ,if you see the chart on a wide scale(weekly chart),you can see the uptrend still intact,while the trend were reverse on daily ones. So we can short as we did in previous days where the target was archived(please review my previous chart). So what after,you can start to place long positions on steps(points). Of course you can ask yourself,why we do that,simply because BTCUSD             still intact uptrend on weekly chart where a lot of money(Huge) still there and we can consider the correction on weekly scale what we have past though few days ago. Ok. So some significant points encourage to start accumulate LONG position right now.Such points are

1- BTCUSD             still in up trend on weekly chart.

2-On Daily, BTCUSD             breakout their down trend line as shown in chart.

3-point of 750-753, if BTCUSD             succeed to settle down on such level next 2 days,it is a strong confirmation ,tell us BTCUSD             will return back and RE-TEST level 936. Please keep in your mind both numbers. OK.So if it can stetted above this evel of 936 for 2-3 days,then BTCUSD             will retest their peak once again. It's just my view for short-Med investor trader. Be patient and execute your SL. as Shown and placed at the chart.****GL*****
Billy55555
2 years ago
If I may ask, how does one trade bitcoin? Does it have an ETF symbol or trading symbol? TIA
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YR Billy55555
2 years ago
Hello Billy55555,Wish to answer your concern but to be honest don't know anything about BTCUSD except their chart. However,i find that link may help you (i hope).Thank you and GL.

http://bitcoin.stackexchange.com/questions/10077/where-can-i-trade-btc-usd-with-a-small-transaction-fee
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YR
2 years ago
****UPDATE*** 1-4-2014, BTCUSD as i have explain above point 750-753 is very important to make BTCUSD once again Re-test level of 936, Until now,it is almost there,where it reaches 932.38. So in brief,

1- Point 936 ,BTCUSD have to violate such point with very good volume to assure that BTCUSD has real broke such level ,plus settle down another 2-3 days above it ,increase the possibilities to Re test their peak again.

2- I have seen a Gap here(Plz check the chart),if BTCUSD doesn't cover this GAP for a week ,it will another strong sign that BTCUSD will continue to Re test their peak once again.

3- The bad and worst thing,if BTCUSD can't settle down ABOVE level 936,simply it means we will see reverse in Trend but on Weekly chart which is very dangerous and Short position is wise decision.

my Opinion, i'm more comfortable and see that BTCUSD will success to break and settle down above 936

, HOWEVER PRICE ACTION MORE IMPORTANT THAN MY VIEW,SO,PLZ BE ATTENTION AND WATCH LEVEL OF 936 AND WHAT'S GOING ON WITH IT NEXT FEW DAYS. **GL88
snapshot
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YR
2 years ago
***‘UPDATE*** 1-5-2014,

BTCUSD, is working great,2 targets has been hit,very nice.The most important thing ,the Volume when BTCUSD violate level of 936. All we need right now, that BTCUSD stand and settle down above such level for another 2 days,then test their peak will on road. **GL**
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YR
2 years ago
WOW..Since long long time didn't log on into my account.....CRASH!!! Point 936 was very important and BTCUSD should above such LEVEL but at last it Failed...I hope anyone read my reviews here was take in advance the right position....Once again...control the risk and discipline is the KEY of surviving in the most dangerous market like we what have here. GL
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