Google has been pretty quiet recently. Just consolidating silently as APPL carries the market by itself. Would be interesting if we see a switch off as appl now needs to consolidate/go back in hiding. The timing would be spot on. The rest of the market has been consolidating as well, so it definitely makes for a noteworthy case. Aside from the conspiracy, its...
Thick volume over the last few days and we're not breaking any new highs or lows. I doubt thats a random buying spree after jumping onto the resistance trend.
One of those heavily shorted stocks along side with TSLA. Great break up from resistance line not to long ago so could catch many of guard. Low RR w/ stop just under resistance
Rallying on basically zero volume and coming back down on nasty high volume.
IBM is the third highest valued holding of Berkshire Hathaway. Mega accumulation in strong hands. From what seen in his other holdings, he treats his stock well. Careful of investing on blind speculation, and have some of your own TA to back it up. But from what I see, the last dip was swallowed, so that price range would be an ideal area to enter at low risk if...
Rules of the game are simple. To advance into the next higher channel, you have to first ride the current channel down (First orange line). Now draw a card from the "community chest" pile. Woop it seems you picked the china bans bitcoin card again. Go back down one channel (First red down arrow) and ride it down for a bit (Second orange line). Just when you think...
With all this bearish attention on BTC charts, I'd decided to make a chart with a bullish bias opting for another rally too $1k+ From the first flash crash w/ China ban #1, every low following has been higher than the one before. (Whether it be by a penny or a few dollars, higher is higher). If this dump goes past the 400 Gox Low then chances of another MOON...
What do you think houbi? I think it likes the idea. Careful with your longs guys, and the bounces can be equally as nasty so watch your shorts as well. Enjoy!
Conservative prediction that's more or less Sideways for the next week (whole month of April would be nice too) or so. Some peace w/o bad news would be healthy. We still need to get closure on gox with what hell went wrong and get all this malware and hacking issues solved and what not, which is why I don't see a rally happening anytime soon. Tie up loose ends...
Bounce, bounce, bounce...If 610-600 fails, expect retest of 550-530
I don't think we have the momentum to break bearish pressure. The good news is definitely helping, but we'll need something more to kickstart bullish long term. SecondMarket/Wall Street money might just do it. Till then, take profit targets are at 660-680. 700 is a bit too far out, but still an option. I'm still bearish after bounce on resistance. Possible...
Short over the weekend. Two-Bit drama over Bitcoin Foundation is becoming more apparent and extreme, so that may be the "News" behind this dip/ catalyst. Potential Reversal Levels: 580, 560, 540. (Entry for long is pretty much anywhere <600) Or we just continue sideways in between 750-600. Enjoy!
Next two days will tell the tail, but It looks convincing enough to go long from here. $100 coins, lets not get greedy. :) I do believe Gox will survive and well worth the risk.