Bull Scenario: C&H up to $450 IF we break $400. Bear Scenario: Failure to consolidate above $400 leads to bear channel down to retest $367, $345 and finally down to retest key support at $315.
My first trading plan so don't follow this. Notes in chart.
Not really a traing idea - but I wanted to post this anyway. It's just a very rough comparison between current Bitcoin pump and July 2015 Litecoin pump.
Giving back to the community is a great thing. Please share some of your hard won insights to other traders. It can be anything really - a one liner or a chart with deep analysis. Post your tip, advice or best practice in the comments. Cheers! /Esper
Giving back to the community is a great thing. Please share some of your hard won insights to other traders. It can be anything - a one liner, or a chart with deep analysis. Post your tip, advice or best practice in the comments. Cheers! /Esper
This isn't really an idea. I was just pattern searching btc history to get a feel for the current surge. The Bear-side of me I thinks that we are about to drift then fall into the desparation phase of bubbles. Just as we thought bitcoin was out of the dark ages, it might get yanked back down - to shake out the last of the non-believers. The Bull-side of me...
The mood in Bitcoin has certainly changed the last two weeks. With GBTC just having launched and swedish XBT launching in May, it's still unclear how these ETN's will affect price. Btc being accessible on NASDAQ (or rather, shares of a fund owning bitcoins) should attract some interest and increase volume, but it may take some time. Right now the key level...
In May we saw a major Bull trap which touched $679 before resuming the general bear trend. The support level at $445 was tested in august and finally broke in september. This chart gives an idea of price action had the bull trap not happened - we would have touched the lower support line and be on our way out of a completely deflated bubble. Anyway, the May...
After a very long sideways btc took a cliff dive down to $255! The price is currently moving down along a 45° angle with bounces at key fib levels turning into increasingly larger Bull runs (Bull traps). If trend line from December is retested and fails then serious doubt about the much hyped technology could trigger another cliff dive down to $207. If support...