Get started

POP

The bull is charging. Be prepared.Many feel the market has been heavily suppressed over the past few months, and whilst I would agree, I think it is time for the bull to regain power. If only for a short while. We have many bullish divergences building on the higher time frames now. MACD divergences on the 3-day and 1-day, along with clear RSI divergences too. This would give us a lovely pop in the market, thus allowing indicators to charge up for more down. I have not looked at any accumulation indicators to date, but I feel that the larger entities have began accumulating if not already mostly in position from here. Yesterday was another day of heavy dumping from our friend at stamp and most impressively at Huobi, we saw quite large sells in the space of 15 minutes. 4,000 coins swapping hands mostly in selling. The market took it like a champ if you ask me. It gobbled up all those coins, nom nom nom. We still have quite a high hashrate, however I feel miners are definitely feeling a strain. Our transaction volume is growing and merchant adoption has blasted off much like the price did in 2013. I don't mind a bubble in merchant adoption before the next true bull rally. We all get more time to accumulate before the next wave of adoption smacks bitcoin up to the next interstellar price floor.
BLong
by tootyfrooty
1
AMD swimming in oversold territoryWell, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play: - RSI and CCI oversold - MACD dipped and turning back to possibly form a long positive trend - RMI is in the lows and dipped in red - may continue being in red but from here it has to go up at some point - Williams VixFix has a somewhat proven trend - when the vixfix bar is green and the stock candle is green, then from here or the next one green/grey candle the price goes up and vixfix cools. We got our green+green today - We have a gap to cover at 4,40 and the stock price, although gradually, has a low angle up trend - the current price is in the lower part of the trend. AMD has been destined to touch the 5 USD mark , and although its a long shot and all other scenarios happen, should the trend turn bullish and with speed i give possibility of seeing 5 in 2014. And although the price is below the KeyHiddenLevels (props to timwest), it is still above the trading range it was the next day after the earnings (while indicators are lower). I would add on a move up and consider selling below 3.70 if you need a stop loss point. If 3.7 gets reached soon, i would assume indicators are also low/lower so i migjht not sell there... but if indicators correct and the 3.70 price is reached then, it would be a better point to get out.
ALong
by A-shot
13
CBS Long - Pin bar bounce on support with VolumeFriday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking with a straight 1:2 risk reward ratio would have one selling around the first resistance level. Entry: 56.74 Limit Stop Loss: 54.96 Profit Target: 60.30 R/R: 1:2
CLong
by JoeHayes
2