Me looking at the price right now:  (sakujo, sakujo, sakujo, ...) |
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240 broken. should we sell?
If you can stomach it sell at 222 - it would be wise to average down as it falls. Before entering a trade always have an exit plan! |
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Draghi gave Greek banks money hence maybe the dump (no Grexit)
As far as any thoughts of Greece abandoning the euro and adopting Bitcoin. 1. Greece will not default, they'll get bailed out. Any hyped news is just posturing by one side or the other for leverage. 2. Hardly anyone in Greece knows about Bitcoin. They are not a technologically advanced country where Bitcoin would be able to be of much use. Try telling the old Greek voter that they now have to use digital money backed by cryptography. Pretty much agree. |
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Tsipras the Great buying BTC at Finex... Stay calm and HODL modern Spartans! We are all Greek!  |
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If we make it to the Upper Weekly BB - and if we close above the middle band this week it looks like that is where we are headed - then things will get interesting. Historically, bitcoin price has ridden the Upper Weekly BB during growth periods.
Can you post a chart? |
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http://armstrongeconomics.com/archives/33539Silver is headed below $12 and gold below $1050. Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s. We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits  It will be a blood bath.  You've been warned. And I have not been wrong since I started following Armstrong some years ago. If we fall here (BTC) it will be bloodbath IMO too. I have no position ATM. If we break 240 I will short it. If we break 260 I will open longs if I can between 249-255 (in a possible correction). Else, will enter after we close above 335. |
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Rekity rekt!  SAKUJO SAKUJO SAKUJO SAKUJO SAKUJO!!!!!!!!! |
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time to sell already ? i cant read the market, im lost  Probably the time to buy. Hold for $315 then sell and go short. Might come down a bit lower so average your buys, not all at once, unless you see < $230, then buy the all the rest you want. I don't place great odds on this breakout failing to ascend to $300+, but anything is possible. kLee can probably tell you what your stops should be, in case you want to sell out if we are breaking down heading for $150 again. Man sorry for disappearing I will try to answer you asap, I have one week to sleep properly with this damn crazy market... No rush mate. take care of your important business first. Time for TPTB to establish their power (Bitcoin)? Seems so to me.. |
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Going for new record volume! 410 926 notes in first 1h and 20min Most of the buying from Timber Hill Europe AG. Heard at TV chat that Interactive Brokers are buying too |
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 Resistance 248-256$ (based on the previous spike, not the horizontal red lines). In HL chart the 3O are a projection - they will be confirmed after 1d. BUT in HL charts the current column has priority, so if we move up to 260 in price we will make a new X and the 3O will be deleted |
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time to sell already ? i cant read the market, im lost Probably the time to buy. Hold for $315 then sell and go short. Might come down a bit lower so average your buys, not all at once, unless you see < $230, then buy the all the rest you want. I don't place great odds on this breakout failing to ascend to $300+, but anything is possible. kLee can probably tell you what your stops should be, in case you want to sell out if we are breaking down heading for $150 again. Man sorry for disappearing I will try to answer you asap, I have one week to sleep properly with this damn crazy market... |
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Guys do you like this analysis? Did it help you make a good trade? I want to see if people actually got some results with it, besides finding it interesting. Share your experience if you like  |
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it does seems another dead cat bounce, but maybe we have corrected the price a bit, toward 240, instead of staying all the time at 230
it would be a small good sign nonetheless
Whenever an asset breaks the bearish resistance line from an ATH (like we did) there is always often a correction down to this line again (on top of it this time). I was expecting this so maybe we will breakout up again! If we hold this level this would be the case IMO - if we have one more box down (240), probably we are going to test 225-230.. |
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Donchian channels:  Orange line is resistance - if broken support. |
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