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100-day

Bitcoin 50, 100-Day SMA, Keltner Channels Point to Lower PriceBitcoin is in process of moving lower. You can see this pretty clearly and simply by looking at the 50 Day SMA, 100 Day SMA and Keltner Channels. Essentially this is an action-reaction process. Looking at the March-April time period the Bitcoin price fell below the Keltner Channels (most or all of one candle body) for 17 days. During May and June the Bitcoin price rose above the Keltner Channels for 20 days. Bitcoin price now has fallen below Keltner Channels. If similar to past two instances where price rose above or fell below Keltner Channels, then Bitcoin will stay below channels for 17-20 days. Price fell below on 7-27-14 so price could stay below Keltner Channels until 8-15-14 or so. At this point, would not worry too much about up and down price swings. In other words, don't get sucked into buying just because of a $50-60 price swing. Wait for move lower to play out.
BITSTAMP:BTCUSDShort
by TerryKinder
10
Short until I'm long againSo we've just touched the 1 day 100 Moving Average on all exchanges. Traditionally it could be a place where we do the hokey cokey for a bit, but given the circumstances with RSI being very high and the OBV OSC divergence we've seen for the last 3 legs up here - I believe it's time for a retracement. We are currently in the 1 day cloud and have come close to touching the top just before the 1 day 100MA got in the way. I don't believe we will breach this area in the next 5-7 days but we will retrace. Looking at bottom targets, the 50% retrace is at 476.73, which also happens to be price of the first launch point from the bull 1st flag of this phase and has a target of 633.32. This also will likely coincide with support from the bottom of the cloud and also the 9/41 day MA's.
BShort
by SunnyBOT0
2