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Title: [2016-05-09] Bitcoin Price Analysis — Calm before the storm Post by: newsatbravenewcoin on May 09, 2016, 12:18:37 AM 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/ (http://bravenewcoin.com/news/bitcoin-price-analysis-calm-before-the-storm/) Title: Re: [2016-05-09] Bitcoin Price Analysis — Calm before the storm Post by: European Central Bank on May 09, 2016, 12:21:11 AM 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.
Title: Re: [2016-05-09] Bitcoin Price Analysis — Calm before the storm Post by: kjlimo on May 09, 2016, 02:10:22 AM 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... |