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RE: 1/22/2017 The Market View and Trading Outlook
Ok, thank you for the feedback, I will keep that in mind. BTC has bounced off 10,350$ support on 15/30 min chart 4-5 times now.
Ok, thank you for the feedback, I will keep that in mind. BTC has bounced off 10,350$ support on 15/30 min chart 4-5 times now.
You were saying?...;)
Tough times right now..easy to not be patient, to begin caring about the hourly chart etc.. Don't.. big picture, always the big picture...
Old school rule.. "volume precedes price."
“Price will not rise unless demand exceeds supply. Demand is measured in volume and thus volume must always precede price.”
Got any more great articles for me to read.. I liked the last one a lot..
Yes, yes I know I said that but forgot to add that it will break, if more volume come in. Well it came :) Which is the last you read, the BTC recap ?
Fortunately I still sit on cash, I did not do anything crypto-related today. Just watching and looking for something that I've seen before.
Same here.. I like you.. I think you are a good dude.. So lets play a game.. .1 SBD bet? what do you think the bottom will be.. closest one gets .1 SBD.. what do you think..? Maybe I could make a post and just give the proceed to someone, but that sounds kinda below my content.. I'm all in cash too.. just waiting to see what happens... So many people getting killed right now... I'm sure playing pick the bottom.. :)... Have an upvote..
Game on ! Give me the rules, who goes first ? Upvoted back - GOOD INFO BRO
No rules, just a gentlemen wager.. I'll go first..$6932 on Bifinex.. I know its low but I'm going full bear and that is the 3 day 77 for me.
Uhhh, very good! My pick is 5750$ on Bitfinex. Is there a BTC/USD on Bittrex ? I thought only USDT. Game on :)
Yes.. so our bets are in.. Me .$6932 on Bifinex.. You 5750$ I use https://cryptowat.ch/bitfinex/btcusd/30m for charting so yes they have USD.. :)
Whats your reasoning? Mine is the 3 day 77 Period Moving average.. Yours?
Excuse me for the dalay, today was an interesting day at my day work and also it took me ages to prepare todays article. My reasoning is that once we break the 10,000$ level with volume, we are going straight to 8300 support. With the things I've been hearing - people are leveraged with BTC in insane amounts. If a panic selling starts, triggering multiple stop orders, I think we can easily see a spike in the 6000$ area. I am factoring the human behaviour also. Although if I had a short position in BTC I would get out with 1/3 of my size at 9,450, 1/3 at 8450$ and 1/3 at 6940$.
I would be glad if you can check my new article and give me some feedback, if possible. Article