Many People are In Limbo Right Now in Decred and Have Asked Me to Publish My Idea About It. I don't know Anything About this Instrument so I Can be Totally Wrong. Bullish Scenario Signs: Significant Bullish Engulfing with PullBack Above the Broken Trend Line are Bullish Signs But Needs Daily Close for the Confirmation, if Daily Closes Above the Trend Line it Will ...
Man, What a year :D I love it when we have to chart bitcoin in monthly. Market is currently overbought however in trending market one does not look at oscillators, but until crossing and holding above previous ATH we are still in range. I don't see any divergence in MACD and price so far and that's a good sign for continuation of the current uptrend :) Happy New Year.
Head and Shoulder Formed in MFI Which Signals Moving Down, it Also Shows a Bearish Divergence, and The Last It was at This Level was the Previous ATH. MACD is About to Cross Down. While I Remain Bullish in Longterm as Always, I'm Bearish for Now Because if it Wants to go Higher from Here it has to Gain Momentum Which Obviously Doesn't Have it for Now
The recent price action wasn't bitcoin getting weak, it was because of strong dollar http://www.reuters.com/article/2014/08/19/us-markets-forex-idUSKBN0GJ01R20140819 also, as the Anti-Btc BearGod himself always says "even if price goes to 2880 it's ranging flat in the always-bear market" the same also applies to downward moves for bulls i guess