Bitcoin trading has been VERY VERY slow lately. Further bleeding out to 1600CNY seems likely before the rocket can launch again in early September...
It looks like the EU troll will be unleashed once more this week topping out at around 1.1287 - 1.1308. Hopefully, we gonna see a quick dip down to 1.1047 before it starts trolling to open some small longs... Happy Trading!
As you can clearly see on this 2h BTCCHina chart, 1785 can be considered a key resistance to break before we see further sustainable rise. I am very positive that we will do so ;)
testing some new color schemes...
Insanity unfolding once again...?
With the Grexit still inevitable, the only question remains when the Euro is going to crash. I suggest the 3rd or the 7th of July as major turning point... Very interesting days ahead in any case. Hope for the best, prepare for the worst!
Looks like Bitcoin is getting ready to rocket launch once again...
As expected the 1.138 - 1.140 area turned out a very profitable opportunity to short and this is what I suggest for the rest of this week. Stocking up on shorts (along the red line) is still the name of the game. The EU will most likely keep on falling until it touches 1.067 on Friday. ENJOY!
What an opening... Although it came as a surprise, and although the shorts I left open during the weekend do not look very good upon that gap up, this is absolutely nothing to worry about. Quite the contrary, all that bullusion is giving us another great opp to stock up shorts before heading towards inevitable doom. ENJOY - Embrace change and stay safe!
UPDATE II: OKCoin.com downtime obv. delayed the move down, but also did at some momentum. So, we might be just in time... UPDATE: entered anticipated dumpage area. However, with OKC offline a proper move down is more than questionable. Hopefully they fix that issue soonish.. This is a more detailed view (4h) on the idea published earlier and linked below....
UPDATE: Even more bad news are surfacing >>> Coinbase Shuts Down Bitcoin Biz for Firearms Companies www.thetruthaboutguns.com >>> BitLicense Doing Its Job: Eobot Becomes 3rd Firm Gone From New York (Op-Ed) cointelegraph.com After things developed quite positive for Bitcoin lately, I came across the following news: Good Bitcoin, Bad Bitcoin: Blockchain Analytics...
In anticipation of Greece / EURUSD doom, the BTCCNY @BTCChina chart reveals a point of possible major decision. Probably, it is just coincidence ;) but it so happens that the longterm down and uptrend meet exactly around the time Greece is likely to default (28th-30th of June). Bitcoiners have their bets on it working as a possible trigger for another rocket...
UPDATE: As far as I am concerned there is close to 0 hope left that there might be a last-minute deal on Monday to prevent the implementation of capital controlls and finally the Grexit >>> Markets will respond "Not with a Bang but a Whimper" twitter.com >>> 'It's time to hold physical cash,' says one of Britain's most senior fund managers www.telegraph.co.uk...
This bullish EURUSD circus has gone on long enough. Shorting it at .139 - 1.143 equals pure profits.