Fractal highlighted is strikingly similar, though the quarterly premium is $10 short of what it was in the first instance. 4h close above triangle is suggesting strength and markets curiosity to retest top of range (4800cny).
One should wait to observe how daily closes before entering. As for me, I bought the break/retest of the support/resistance wall.
The daily's looking nasty here. $390 has been rejected on U.S. exchanges which has negated the possibility that enough momentum exists to push to and beyond $400. Looking to add on a break of 2520 cny1.05% as well as support denoted by the thick orange line.
Pseudo Analytical Indicators: New moon and Chinese New Years converge tomorrow, the 8th.
FUD!!! "The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins."
Short term @ $415 based on downwards sloping break of resistance and confirm of transition level (blue-dotted). This price action signals a continuation of the bull channel. We should see the volume needed to catalyze this move shortly after China open today.
Large expectations building for the ECB this Thursday in response to the first monetary policy divergence between the U.S and the Eurozone since '08. In the event that policy decisions fall short of expectations, we will see a massive short squeeze. It appears that the market is buying into this idea more than the former as made evident by the high time frame...
Entered this trade the other day ($276 avg.) on macd and volume diverging against declining price. Looks like we found bottom in the low 270s above the 200 day moving average. I expect 296ish if daily can close above 280.
It looks as if bulls have exhausted their run. Price was rejected at the descending daily resistance (pink) and was followed by a retest of our ascending resistance zone, printing a bearish shooting star. A divergence in the RSI can also be observed below this price channel. It is important to note that each top was followed by a 61.8 or 76.4 retracement to the...