I'm still waiting this one out.
I think a drop to 8k (200 EMA) is likely in the near future. And I don't think 6k would be a surprise either (Fibonnaci Retracement Level).
I think we will continue to see a pattern of lower high's giving false hope until we get to these levels.
I don't think there is anything scary about this correction. What goes up must come...
COINBASE:BTCUSD has been testing our stomach's acceptance of volatility lately.
If the theory of using 50 day MA and 200 day EMA as buy opportunities are correct what is a trader to do with the current signals?
We are below the 50 day MA which could be a buy opportunity.
We are also way too far to start buying 15% above the 200 day EMA
We are still in a long...
BITSTAMP:BCHBTC may be forming a bollinger band squeeze setup
As you can see on the chart, the bands are narrowing and the bandwith is low
We want to see the price shoot through the upper band for a long posisition
But ideally, we want to confirm the long position by also breaking vertical support
Let's keep our eyes open on this one!
Let me know what you think.
Take a look at this chart...
Bullish:
ADX Pointing up (Bullish Trend)
Recent MA Crossover (Bullish)
Recent MACD Crossover (Bullish)
The indicators are telling the story for us.
Let's see how this one ends.
I think we can gain some BTC with this one.... targeting 2 to 4x
What do you guys think?
BTC/ THE PROBLEM
Long before we had bitcoin, we were trading. Most of us probably saw success in bull markets. But how did you do when the market was not trending in your favor? IF you would have held your position just a little longer how would things have turned out for you?
POINTS TO PONDER FROM THE GENERAL's TENT:
IF you believe Bitcoin is in a...
MCO Here is another coin that is starting to pick up speed!
I bought in at 0.00122200 and expect to reach .004180 with some ups and downs before hitting the goal.
IF you can't stomach the ride until .004180, you might want to target:
0.002160
or
0.002950
Everything is starting to look up for this promising coin...
Just my thoughts and opinions. No advice is...
