One of market wizards once told that to find the trend we should squeeze the chart.
Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart.
The pair had a Mega GAP in 1994.
It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap.
We could be in the last large wave...
As prices have achieved new highs we have the grounds to declare a possible intermediate top.
Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle.
Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as...
OKCOIN LTC/CNY chart converted into USD.
Then Compared against BTC-e LTC/USD.
The difference between these two exchanges are then output as a number showing the delta (difference) between the two exchanges.
Positive number indicates that BTC-e is above Chinese Exchange prices.
Negative number indicates that BTC-e is below Chinese Exchanges prices.
Continued divergence on RSI and additional divergence forming on EWO signaling the end of wave.
Look for downward break of wedge for confirmation.
Box highlights possible price targets. May go lower based on extreme price action of late.
Based on the size and strength of recent price movement it seems that we have completed a wave three of some degree. Additionally, a bear divergence has formed on the RSI signaling the end of a move; the width of the EWO tells us it was most likely a three. Here it has been labeled using (3).
Price requirements for (4) have been met, but there is a good chance to...
New all time highs and gold parity. I want to give my hottie a new BTC chain necklace so I went to the local artisan. They said wat? The best that I could do was pay for a new gold chain in BTC. So is BTC as good as gold?
I wanted to get this latest version of the weekly chart out on display to make some comments. There is no evidence to suggest this...
Continuing with the downwards trend after the PBoC market intervention on the Chinese exchanges at the beginning of the month and followed by the elimination of the no-fee policy by the three major exchanges in China, I think bitcoin will continue to go down to around 4750 CNY considering it's bullish tendency is at pause. Bears are in control again but not for...