Currently 4H cloud top is acting as resistance. Price needs to close above 8190 (BitFinex) in order to emerge on the bullish side of 4H cloud. In these situations, the price does tend to flip back-and-forth between channels before taking off strongly in either direction. | NOTE -User pointed out that 4H cloud is GRAY meaning that it has very little influence on...
Augur is an interesting coin. There are tons of coins out there touting the biggest, and best technology. This blockchain will save the fish! This blockchain will be an app-store for mobile phones! This blockchain is a virtual machine that will become skynet! Ok. That might be a bit ridiculous. There are coins looking to change how we do VERY OLD things....
LTC/USD PAIR BITFINEX:LTCUSD wicked off of the first fib level, completely normal in my opinion. The Chalkin Money Flow (SURPRISE SURPRISE volume indicator :D) showed a decrease in buying pressure as the price moved up, creating a 100% predictable cool down and pull back. I don't expect LTC to come down too far before stabilizing. If the volume picks back up,...
Just in case if the previous scenario (short at 4600) doesn't pan out and that the top actually becomes circa 4666. See previous article :)
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?