The bearish secondary, intermediate, trend appears to be coming to an end -- and the primary bullish trend appears ready to resume. The primary bullish trend that started in 2009 retraced 0.78 and broke out of the upper channel resistance (ORANGE line). These are early signals that the primary bullish trend could possibly be ready to resume its upward move....
Dollar is already oversold against the Canadian on the MACD but RSI still shows some leeway which corresponds with the possibility of reaching 1.3450 - 1.3430 region in the coming days. After that I can see a bounce up back above 1.36 and in a later stage 1.40, 1.45 and even 1.50 (depending on how oil moves in the coming month(s)). So do note, that in the short...
Just something to come back to in the future and have a cry or laughter.
We've had a strong bear run, but it's over. Bears will take a breath or two while we retrace some steps and touch base with some moving averages.
--- UPDATE: Short-term shorting opportunity below 500 US Dollar --- Positive news: - New York Extends Comment Period for BitLicense Proposal: www.coindesk.com - Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong www.coindesk.com The risk that the price might fall is even below $550 starting to get lower around $525-$535 Below $490 is a large...
This is a chart for the Bitcoin bulls. I highly doubt that we are staying in this very old price channel. But if we do - there is room left for a new Bitcoin price increase in the last quarter of 2014. This is my customized version of the very popular chart from emanance (). I changed the upper trend channel line to be aligned with the oldest price peak and I...