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Horizontal Resistance Map
BTCCNY
, D
BTCCNY: Horizontal Resistance Map

Horizontal Resistance is either an important consolidation zone or an evident rejection point where people is bagholding, and they are probably very interested into getting out. Now that we are finally uprending, it's important to keep in mind places where bagholders may start to sell off. Good luck in the uptrend. Also looking for suggestions on which points to add.

3 steps to be bullish again.
BTCCNY
, 240
Long
BTCCNY: 3 steps to be bullish again.

After another round of heavy drama and intense trading in bitcoin, heat seems to be going away, and some bullish patterns are starting to emerge, i'm a very cautious bull right now since the patterns are there, but i didn't expect us to bounce back to retest 560USD this soon (or it's CNY equivalent) so i'm ready to sell if more drama continues.

Bull Pennant After Silk Road Bitcoin Auction
BTCUSD
, D
Long
BTCUSD: Bull Pennant After Silk Road Bitcoin Auction

The only reason we got stuck on the 690-550 level was due to inside trading of the Silk Road Bitcoin auction. We should be back on rally times once we break the pennant up.

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