My current pitchfork
Still watching closely for signs of rolling over, so far unimpressed by BTC-e's volume on all but the most recent sell off, though stamp tells a slightly different story and is indeed starting to look nasty. I think we could be witnessing a reshuffling of normal dispersion between BFX, stamp, and BTCe. There have been pretty large migrations of volume towards BFX since the Gox fallout, and as BFX gains liquidity independent of stamp, we should expect the market to slowly reflect that.
Overall I wouldn't be surprised to see further retracement towards the central area of the pitchfork, where I will probably add another long in via coinbase, but unless bears continue to maintain a stranglehold with serious volume, this is nothing but a blip in my current long term play, particularly if we maintain above the pink line (alternate pre-bubble linear inflection, shown on earlier publishings).
Overall I wouldn't be surprised to see further retracement towards the central area of the pitchfork, where I will probably add another long in via coinbase, but unless bears continue to maintain a stranglehold with serious volume, this is nothing but a blip in my current long term play, particularly if we maintain above the pink line (alternate pre-bubble linear inflection, shown on earlier publishings).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.