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Topic: double ramp? - page 2. (Read 2500 times)

donator
Activity: 1218
Merit: 1015
March 28, 2012, 05:26:00 AM
#2
Quote
so far the rocket dint take off, ppl who did buy at 4.65 can sell and get 0.15 per bitcoin i hope they go out before we go down Smiley
Wouldn't you want the rally to be successful (rather, unsustainable) so you can make more when you short?
sr. member
Activity: 448
Merit: 250
this statement is false
March 28, 2012, 05:15:40 AM
#1
[disclaimer: this analysis only focuses on oscillators]




RSI, Money Flow, and CCI have all been oversold recently.


-- RSI shows a strong uptrend.


-- Money Flow Index shows a slightly more complex pattern:

- since last overbought episode: downtrend, (2); correction; downtrend, (1); correction. for a total of 3 oversold episodes.

- the most recent correction is associated with recuperation from the recent crash through the resistance at $4.60

- since then there is a continuation pattern (read: descending triangle) which is almost ready to breakout.

- due to the 3 recent oversold episodes, the breakout is likely going to be bullish


-- CCI has peaked into overbought territory with the recent movement up to $4.80 for the first time since the recent 30 cent microbubble (shown in chart), having been majorly oversold the entire time since. this is a bull signal.


so, double ramp?
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