altcoinbonanza

altcoinbonanza

Playing with the bears on this short as bears are out numbering bulls on this down trend. Profit taking perhaps. We are really close to this resistance line and I think Bitcoin will have a little trouble breaking through. Great news with recent headlines but I feel that this is not enough. Still cautious on the breakout. Closed out my short with a nice small...

altcoinbonanza

Here are some trendlines inside this triangle area. Hope this is helpful.

altcoinbonanza

I just posted the same graph but this one may be more legible once Bitcoin decides on what move it will make. It is at this tip of this triangle that we may see the breakout that many have been waiting for or a major tease again and down we go.

altcoinbonanza

This Triangle is an area of interest to me. I do think Bitcoin may stay within this area until it decides on either breakout at tip. This seems to be a trend with many Triangle moves. I'm hoping we see an upward breakout because this will be like breaking the curse of the Bambino resistance line that we have traveled in for ever it seems. As of 02/28/15 9:30...

altcoinbonanza

I went with sellers entering and a violation of my support and the result was what I expected. I made a small profit what I call a meter drop play.

altcoinbonanza

Playing a short at $254.40 looking for a quick meterdrop here. Support was violated so playing with sellers now. Closed my position at $253.11 with a meter drop profit!

altcoinbonanza

I was a little concerned when my long position turned sour on me and I usually get out and cut my losses rather quickly. I, for some reason, did not take this approach when I read the news on the Re/Max deal with Bitcoin, Litecoin and Dogecoin but instead held my long position and then the Derivatives news came out on Bitcoin and that did it for the Bulls. The...

altcoinbonanza

News on the Re/max pilot program that is now accepting Bitcoin,Litecoin & Dogecoin is causing some bull comotion. Bulls are in on this news and so am I. Bought in at $238.85 on a long and will hold. Still long on this play as of today 02/26/15 3:22am. Just closed my position at $249.30 @ 1:05 am 02/27/15. Closed with a nice profit but took a real risk here on...

altcoinbonanza

Nothing major hitting the news sector on Bitcoin and I see some weakness in the bulls this morning. Getting in with a short and my exit will be around the $235.50 price area. Sellers are still outnumbering buyers right now also. Will try a meter drop here. Closed with a slight loss at $237.90, my entry point was $237.18. Not what I expected but this is OK. ...

altcoinbonanza

Not sure here but this could be possible scenario. Let me know what you think. This red cone (triangle) is of interest for me. We could travel this tip and then decide to go into the 45% to 20% area, not sure. 02/25/15 Looks like my original hunch hitting 15% was the better predictor here. Now I can see that the 10% resistance was violated as well.

altcoinbonanza

I was going to close out position at $237.90 but decided to take small profit here and walk away with a smile and some positive achievement. I had a feeling that Bitcoin would test the support at $237 where my sphere is so decided to walk away with a small gain.

altcoinbonanza

Still optimistic on the longer view here for Bitcoin but taking advantage of these short breaks. As you can see how we have tested this resistance line quite a few times and now there are more shorts coming in so decided to play here. The second time we tested this resistance gave me my queue for shorting. We'll see if I'm gutting this right. As I suspected...

altcoinbonanza

OK target about to hit. Just saying. So 6% would place Bitcoin at $235.00

altcoinbonanza

We could possibly move down to 6% from our highs of $249 if we look back at last dip. Correction: on the second move up it's 8% from low of $231.

altcoinbonanza

Not sure but at this moment we are short driven with bears outnumbering bulls. So on this chart I am calling a negative short term position. Not sure, maybe you can help predict.

altcoinbonanza

Obvious that we are making a bull play here so I am in on a long as long as my support is not broken through I will hold my position here. I got in at $245.18 around 4:55pm. Closed my position at $246.71 with a nice profit at around 8:50pm central time.

altcoinbonanza

I decided to reverse my long into a short taking a slight loss. I am now recovered and in the profit thanks to the switch. I purchased my short position at $245.07 around 8:15am already recovering my small loss and with a nice gain still open. Shorting was increasing so along with the direction of my MACD I decided to switch from a long position to a short...

altcoinbonanza

Volume of longs are outnumbering shorts so I am making a move on a quick play here to capture some upside movement once BItcoin gets over this little hump. Purchased a long position at $245.07 at 5:35am. Hopefully we will take a quick profit. Closed my position at $244.96 with a slight loss. I changed my position because I saw more shorts coming into the market...