Author

Topic: [2016-05-09] Bitcoin Price Analysis — Calm before the storm (Read 324 times)

legendary
Activity: 2114
Merit: 1031
Haven't we heard 'the calm before the storm' about a hundred times before another few weeks of nothing? Sometimes it's simpy the calm before more calm but I hope there is some real action soon.

That's because technical analysis is mostly dumb.  However, it does play into behavioral economics, so it's nice to pay attention to sometimes...
legendary
Activity: 1288
Merit: 1087
Haven't we heard 'the calm before the storm' about a hundred times before another few weeks of nothing? Sometimes it's simpy the calm before more calm but I hope there is some real action soon.
full member
Activity: 204
Merit: 100
The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis. We aim for high-probability trade setups on BTCUSD and use very few indicators. All charts use BNC’s Bitcoin Liquid Index for maximum accuracy.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a purely speculative commodity on 4h+ timeframes.

http://bravenewcoin.com/news/bitcoin-price-analysis-calm-before-the-storm/
Jump to: