Friends, SYNTHETIC EXPRESSION: I decided to focus strictly on the price action of all 3 bitcoin exchanges, namely: 1 - BTCe 2 - Bitfinex 3 - Bitstamp I have averaged all three exchanges on an equal-weight basis, such that the current price reflects a synthetic expression of the following: (BTCe + Bitfinex + Bitstamp) / 3 Overall, the synthetic product is...
we're retesting the 320-330 historical support level. If this is broken, the next support is at 190-180, so the descent might be steep.
I would like to find an explanation of this long divergence that we see with the Momentum and MACD, RSI is not visible. Divergence he starts from 23/12/2013 to today. same thing happened on 18.04.2013 ended on 17/11/2013 Same identical pattern made exception of the MACD which has not recorded the divergence.
There is a recurrent and long-standing pattern within the spread between these two exchanges. A few months before every "bubble" begins, the spread funnels itself into a tidy channel, which it essentially remains in until the price peaks, though displays no other internal order. There are also clearly other structural self-similarities. As you look back in time...
If the past RSI trend is of any indication of future movement, we should see Bitcoins moving up over the next few weeks. It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the RSI downtrend since 20th May 2014 and head towards $640 - $680. Bulls need to march towards $600 level ASAP! Given the...
Short till 550-560, then expecting a bounce to complete the large triangle before the nect major rally (wave 5) see here...
There are 2 fib targets 553-553.8 on btce. Also ABCD target around 542.... should see a bounce there unless we break 542 in which case my money will be at 502.34 - 504 next.... Should then lift off to around 750 BUT... this could have legs given the amount of bear pressure ADX-DMI is showing. I'm holding short until this resolves on the 4hr
Hello all, regular readers will not be too surprised with today's offering. I have been watching this potential 4 hour bullish BoT setup (BoT = my way of playing ab=cd harmonic price patterns....to learn more please refer to this guide: docs.google.com) for a few sessions now. I thought I would take some time today to comment on that setup and how it currently...
Charts are not random
Litecoin just entered a highway, with a relatively fast lane.. No major resistance on sight until $10.2 ~ $11 which is a historical resistance from January - June where many bagholders will be at. (20% gain from here) Strong bull for the next week or so.
Just another random pump and dump for now, indicators are mostly suggesting overbought. I'll be expecting further decline from $10 down to $9.5 within the next week.
if this rally started by okcoin fails to get momentum there is a good opportunity to short edit: i dint put the date correctly is 19/06/2014
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...
With today's announcement of DigitalBTC's listing on Australia Stock Exchange, the price is heading north once again. We've finally broken through the falling wedge since 12th June. (RSI, VI, MCAD, Elliot Wave 4, indicators are seemly positive and oversold) www.coindesk.com For short term, we should see price heading closer towards $600 once again. One thing for...