rufous

rufous Feb 1, 2018

Plotting the VPVR (Volume Profile) indicator along the right edge of the chart on the current BITFINEX:BTCUSD drop suggests a range of very low historical trade volume between $9000 and $8200. For a stock, this would often mean that the price will drop straight through that range as there’s relatively few bids waiting to buy in that area. It will often occur...

rufous Jan 23, 2018

First of all, I should say that the drop in BITSTAMP:BTCUSD on Monday 22nd January didn’t really feel like a bottom. I didn’t see much panic. That said, I think the problem with following prominent people on cryptotwitter is that there is no sense of panic even during the down-days! It would obviously be disappointing to a lot of us if the drop to $9927 was...

rufous Jan 22, 2018

This pink support line in BITSTAMP:BTCUSD has been tested a few times over the last few months and has almost always held, except for the dip in mid-January. It also forms the bottom edge of the trident that stretches back into last year. It was broken again today for what looks like a retest of last week’s lows. Doesn’t feel like panic yet, so this one may go...