harryBitcoin

harryBitcoin

Explanation is on the chart with the exception of the MACD stuff which wouldn't render properly. If you zoom out on the MACD area you will see the trend lines . The minuscule text explains that there are lower highs on the MACD , MACD signal and histogram. Feedback welcome.

harryBitcoin

Main explanation is on the chart. Another thing to note is that OKCoin quarterly futures barely retrace in relation to the spot price and the smaller time frame futures. I interpret this is bullish as the longer term investors (quarterly) see a bright future and are reluctant to sell. Bullish news includes the 21 Inc. investment and obviously the upcoming...

harryBitcoin

The chart shows the alignment of the MACD, Williams %R and RSI indicators which, history shows, indicates a short-term peak. Although not on the chart, the 6hr MACD is also topping out. I expect the price to drop to the 260 - 265 range (the dark red support line) before hitting $307 which will create a new support line (light pink). I expect $307 as it is at a...

harryBitcoin

I would usually be short here but the fact that the weekly MACD has just crossed up is making me cautious. The price could either follow the blue arrows (consolidating within the dark red triangle more) or break out now (green arrow). I am new to charting so comments / criticisms are welcome. EDIT: The attached chart has the MACD scaled properly. Sorry