ChartArt
Short

Short-term selling opportunity below 500 US Dollar

BITSTAMP:BTCUSD   Bitcoin / Dollar
377 6 1
--- UPDATE 3:
The price bounced very high at $487 and not as expected at around $450. I'm bullish again.

--- UPDATE 2:
The good news on Friday even with the launch of the first Bitcoin ATM in Manhattan, New York             wasn't enough to start a real uptrend. The bears won. This weekend we are going to see if $442 is the bottom for Bitcoin in August.

--- UPDATE 1:
We are getting stable above $500. Here is my new idea for a long entry:
New York extends comment period. Long above 528-535 US Dollar

----

It seems we test the last bottom at $440 again, before we might finally go up. If we fall below $440 we are doomed to go much lower. Price during creation of the chart was $510.
I always forget to add the pivot points. Here they are:

snapshot
Reply
yeh saw that we stopped at 525 roadblock again. Without a revisit to 440-460 we will not be able to break 595. We need to satisfy the bears a last time and for a nice W
Reply
This is a tough spot to take a short. Unless you're chasing heavy volume (which should confirm a larger move), it would be easy to get buffed out here or stuck in chop city.
Reply
ChartArt AuriePhilipchuk
I made this chart 3 days ago and I'm not that bearish anymore to suggest a short today. I should have been more specific in my headline - I didn't actually mean a short "below $500" but more precisely a short below $495 - as you can see in my chart where the green area begins. Every correction down to $495 could easily bounce back to $500.

But I still think that if the price falls that a short below $483 could work -- if we fall this low.
Reply
Shorts should be good but I think it needs to be confirmed by volume above all else.
Reply
-------------------------------------------------------------------
UPDATE - 14 days later (September 5th, 2014)
-------------------------------------------------------------------

Interestingly we stayed inside the channel (as marked in the blue rectangle):

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out