Topic: If $537 fails to hold........ - page 4. (Read 3541 times)
If we break below $530 I will start questioning the entire rally we've had since $450, but so far it looks like a normal correction to the 0.618 fib level to me. Let's see if the bears can break right through all the bullish news lately. Long term I'm not worried though even if we revisit 400s or 300s.
Then we will have breached the long term trendline that has been in place since Jan 2013.
the graph doesn`t show the trendline since 2013. This trendline was broken already 04.11.2014.So this graph shows an adjusted trendline since the definite break 04.27.2014. Only noobs correct broken trendlines so quickBtw: the longterm (Primary) trendline is since 2011.the trendline since 2013 is midterm(secondary) and due to the Rally-acceleration in 2013
What would be current support on that long-term support?
Then we will have breached the long term trendline that has been in place since Jan 2013.
Btw: the longterm (Primary) trendline is since 2011.the trendline since 2013 is midterm(secondary) and due to the Rally-acceleration in 2013
again,only noobs don`t know the the correct terms
sorry,I made a mistake
My chart says the stoploss is $517. buy support on bitstamp says stoploss is $500-520
you can always give or take a few dollars btw.
you need to wait for confirmation before you sell or you will lose your coins that way.
my chart says bullish. if it goes bellow $515 and on the 4h chart the next candle after that it opens lower than 520 and closes lower than 500 i will sell all my bitcoins if the next after that is red.
if that does not happen, bitcoin is very bullish and will pass atleast $2500 or alot higher
you can always give or take a few dollars btw.
you need to wait for confirmation before you sell or you will lose your coins that way.
my chart says bullish. if it goes bellow $515 and on the 4h chart the next candle after that it opens lower than 520 and closes lower than 500 i will sell all my bitcoins if the next after that is red.
if that does not happen, bitcoin is very bullish and will pass atleast $2500 or alot higher
Then we will have breached the long term trendline that has been in place since Jan 2013.
Anyone care to provide any other theories as to why Bitcoin finding 'support' at $500, or somewhere in the $400's, would be 'bullish'?
Anyone care to provide any other theories as to why Bitcoin finding 'support' at $500, or somewhere in the $400's, would be 'bullish'?
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