Saturday, March 1, 2014

Quick and Dirty Squiggles. Bitcoin Market update March 1st, 2014


These are some of the things I am watching right now in the Bitcoin market. Chart A is a daily chart and shows keys resistance/support areas as well as MACD crossings since October 2014. As you can see, each time the MACD crossed we had significant movement. Chart B shows the price movement has been staying mostly within this pitchfork, noting trendiness for possible points of support/resistance. Chart B also shows my prediction. As the daily MACD is crossing I can see us moving somewhat drastically soon (the red line). However, we could also be consolidating like we did for most of January, and if so we will stay within the range indicated (the green line).






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