RSI is still overbought so there is plenty of room for MOAR DOWN!
We've hit a new high in the channel - LET'S SHORT IT MOAR DOWN!
Futures price just can't escape the long term trendline drawn from the peaks of our previous two major dumps. My verdict is MOAR DOWN!
We hit a long term line of resistance drawn across the top of our previous dump levels. Direction? MOAR DOWN!
BCOCK! I am chickening out of this short $1 below my stop loss target. No pullback whatsoever I am not taking any further chances up with this push. Going to step away from the market for a bit to reevaluate.
We had a small rally that failed to break our 220 resistance. Open up a short at 221.67 with stop loss at 224 and targetting the bottom of the channel.
This could be a wise time to close old shorts that didn't play out. We are at a critical value of 220 which was the initial low from the dump -> decision time. If the 500+ coin ask wall @ 220 on OKCoinIntlUSD falls there is more room to retrace up.
I'm done with this market it's been fun but time to go spend the summer out in the sun.
We're seeing a pull down from BTC-e against the other major exchanges, signaling an eminent breakout below the current support. Expect a return to 230.
Long position looks secure now that we have a slight push up
I expected a bigger drop but instead we got a solid double bottom in. I've gone long on OKCoinUSD at 234.69 with a stop loss at 232.
Full retrace and more is coming, solid double bottom.
If your long is bleeding rest assured the double bottom is in exactly along trendline of support.