Down we go boys!!! and Girls!!!
When Mike Hearn pushed the BTC market to a downtrend, we all got scared thinking bitcoin was going to crash and die. Listen an experiment with 8 years of choppy terrain and still moves forward and gets adjusted, is not considered an experiment anymore. It is a system that works and has been working for 8 years. Furthermore, developers do not control bitcoin or...
Look at my arrows, 2 red high bars on the 308 mark. Bitcoin will slowly go down back to the 200s
Watch a down trend turn into an uptrend with Groupon, were looking at a upside climb soon. Long!
MHR is getting ready to bounce hard! It's holding at it's support level for the first time in months.
MHR is laying on the bottom, I am hoping for a bounce. There is nowhere else for it go.
Bitcoins new support level is 310.69; write that down, and get ready for a brand new trend towards the upside. :) Enjoy!
It will take 1 week to find out if 310.69 is BTC's new support level or turning back into a resistance. Hoping for the best!
Bitcoin will stay between 271.43 and 310.69 if it passes 310.69 hold on for a beautiful rally towards a new resistance. If it drops to 271.43 and it goes under then get ready for a bearish drop to 204.33. The market is moving very nice right now and something will happen soon. So I am neutral for now, till it hits any of those signs.
MACD might be extended on a downward dive. RSI and %r might hit oversold level again, giving more strength on the upward side. A/D showing bearish power, although not for long. PPO is maintaining and slowly moving downward, giving the uptrend more strength. EMA and SMMA is still on a downward momentum waiting for a cross soon.
It looks like MHR will hit 2.09 these couple of days and rise to it's resistance level. Depending on what happens with crude oil this coming weak. Hold