BitcoinSignal
Long

BTCUSD, Daily Chart, MtGox: Long above USD 630.

MTGOX:BTCUSD   Bitcoin / Dollar
465 0 0
The market continues to stay above support at USD 630 but the trendless price action arising from low volumes is frustrating. The bulls and the bears are probably distracted by the upcoming holiday period and may not return with any conviction till Jan 2nd.

So stay long above USD 630 and short below USD590: this will give a little wiggle room to hopefully avoid any false breakout signals. Volatility is low, so for the nervous amongst you, a stop of USD 40 will work but I prefer to use the USD 60 stop because if price falls, volatility will rise and require a more accommodating stop.

Happy Winterval and look forward to catching up on January 3rd, 2014.

Ho Ho Ho!
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out