Duncebucket

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Joined Canada
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MTGOX:BTCUSD 50% | 1 BITSTAMP:BTCUSD 50% | 1
Duncebucket Duncebucket BTCUSD, 5, Long ,
BTCUSD: Bullish cross and up channel
67 0 0
BTCUSD, 5 Long
Bullish cross and up channel

It appears an up channel has formed suggesting building demand. Prices have been falling regularly since the August "death cross" and have shown little upside support but this appears to be a positive trend forming after a bullish cross. Assuming prices do not fall below $350 in which case they may regain the down channel it seems that going long BTCUSD can be ...

Duncebucket Duncebucket BTCUSD, 1, Short ,
BTCUSD: Nobody ever went broke taking a profit
205 0 1
BTCUSD, 1 Short
Nobody ever went broke taking a profit

Money flow and RSI suggest a continuing downtrend. MACD is starting to cross on the 1 minute. Holding a cash position and waiting for an uptrend confirmation may be advisable. Bitcoin can trade completely on its own but lower highs and lower lows seems to be the trend at the moment.

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