Just for practice as an exercise.
Resistance level on 635$ is broken I think that the short term trend is going to 600$ support level. I shorted at 627$ and my target is at 600.20$. I set up my stop at 640$ because I can see a previous channel there and I'm only willing to risk.
I really don't see any good indicators this days so this trade is possible to be a mistake.
Only as an exercise.
I go long when the retracement of the previous extension hits 61.8% level. I expect a recuperation from 658.68$ to 683.38$. That last value is the Fibonacci extension of the hypothetical retracement. I can see that there is a little bounce at 38.2% but I think that this will be the B of an Eliot wave.
I don't think that 713$ will be reached...
I will use that as an exercise and a trading diary.
Based on the news that MtGox has a solution for the bug we can see that there is a bullish movement.
However, I think people is skeptical about Bitcoin and they didn't have confidence on it at the moment.
Based on this assumptions and knowing that in 671$ there is a resistance level I don't think that the...
I will post this chart as an exercise.
I can see that the trend-line is bearish so I will short in a position between 50% and 63% following a Fibonacci retracement. The market is unpredictable so my short will start more closely at 63% than 50% at 666$.
Because all DoS attacks to exchangers the market is acting bearish so my target is at the last resistance...
This day has been difficult. I'm trying to predict what will happen as an exercise.
Based on this trend-lines I can see that the trend is going down. I can see a double top so we will go down in the few hours.
My trade will be going long at the support level of 770. I will wait until the Elliot wave was formed and I will go long expecting recuperation 3h before.