Doom maybe postponed this February

BTCCHINA:BTCCNY   بتكوين/ يوان صيني
In spite of seemingly coordinated hacks against bitcoin exchanges (maybe FUD attempt by powers that be), the price continues to crawl up. Buys continue to climb up in spite of heavy sell pressure.

The safest short position is at the higher levels of the triangle. Less safe, but good nevertheless is to set buys just above the green trend line . If the price breaks out of the triangle, expect an aggressive pump. If the price breaks down out of the triangle, there maybe a gradually increasing decline.

The likelihood of a triangle breakout is slim, absent news. See for reference.


People are buying here, because the super lagging freaky MACD with default period settings everyone uses on the daily chart is lagging so much, that the entire downtrend was not shown on it and people continued to buy nonetheless the last two days, when it usually would have been smarter to sell.

So with the MACD neglecting the downtrend we are now starting to get in super bullish areas, unless the price falls today. If the price doesn't fall and continues to crawl up today and tomorrow we have made it into a multi-week bull cycle.
ChartArt ChartArt
Summary of my analysis:

If the price doesn't fall and continues to crawl up today and tomorrow:

wrong forecast

right forecast
drei4u ChartArt
Almost all indicators lag. Price action is still the best. I use other indicators to confirm change in trend plus support and resistance. The price will bounce around within the triangle or the cloud. If the price breaks down out of the cloud in any time, the downtrend will resume.
الصفحة الرئيسية منصة الأسهم منصًة العملات منصّة العملات الرقمية جدول الأعمال الاقتصادي كيف نعمل مميزات الرسم البياني أسعار العضوية إحالة صديق قوانين الموقع مركز المساعدة حلول المواقع الإلكترونية والوسطاء الأدوات حلول الرسوم البيانية مكتبة الرسوم البيانية صغيرة الحجم المدوّنة والأخبار تويتر
ملف التعريف إعدادات الصفحة الشخصية الحساب وإعداد الفواتير إحالة صديق تذاكر الدعم الخاصة بي مركز المساعدة التحاليل المنشورة المتابعين تتابع رسالة خاصة المحادثة تسجيل الخروج