To those that followed our trading signal at 5800, we are looking at the market closely today in order to determine our play. If you are nervous trading BTC at these prices feel free to take profit when you have it. I will close my trade if we go below $5800 and join the previous downtrend. Looking towards Alts, Margin Shorts and Fiat if we start breaking downwards. Full update and report . Safe trades!
I've been following this blog since day 1 and although he's missed a few spots, most recently explained in his latest post, he's been scarily accurate for major trends over the last couple of years. Enky seems brutally honest, analytical and has made me money. Anyone else on /BitcoinMarkets use this info? Very surprised not to see his updates as top posts on here, rarely if never seen his blog references in the Daily threads. Anyway, here it is, latest post: Long Term Update: https://btctrading.wordpress.com/2016/02/18/long-term-update-10/
Bitcoin Trading Signals - Short Term Update: VWAP test
New post from my fav BTC market analyst. The bears say recent action is bubble pattern, he says it's profit taking, with the fall perfectly in line with previous prediction. http://btctrading.wordpress.com/
Bitcoin Trading Signals - Short Term Update: Daily Chart at Bitstamp
I've nothing to do with this site but have found his predictions to be pretty reliable and his dispassionate approach is nice antidote during the crazy times. http://btctrading.wordpress.com/2013/11/09/short-term-update-daily-chart-at-bitstamp-2/ IMO trying to pick top/bottom at the moment is a mug's game, pure gambling. We could be witnessing the (still) very early stages of a once in a lifetime worldwide currency floatation. Don't let fear and/or greed mess up your chance. I'd urge anyone unsure of their next move to use broad trends to make decisions rather than the daily gloat/panic on here. The bottom line, buy/hold unless the trend reverses, don't try to preempt it. ('the first bearish sign is a drop under 300$ then the penetration of the vwap under 265$ should confirm a reverse in the trend.')
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Bitcoin SIGNAL COUNTDOWN - and How To Trade GOLD With BITCOIN
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