Jameve

Jameve

This chart is inspired by @DrewR , particularly this chart: Is Bitcoin in for another large ~45% drop? Sure looks that way. 300-315 still a key zone to watch, but bears are invigorated with a recent break of a key low, 340. 10/21 EMAs have had a good track record since the November 2013 rally. 1st touch/cross = reversal soon, 2nd cross = reversal. Although 275...

Jameve

This chart is inspired by @DrewR , particularly this chart Is Bitcoin in for another large ~45% drop? Sure looks that way. 300-315 still a key zone to watch, but bears are invigorated with a recent break of a key low, 340. 10/21 EMAs have had a good track record since the November 2013 rally. 1st touch/cross = reversal soon, 2nd cross = reversal. Also Litecoin...

Jameve

My buy box is ~505 to 520. Reason being, it's the next support level from the run up from 450 to 680 (see leftmost part of box) and it's fairly close to next big fib, also from the run up (76.4%). $500 is also a psychological level so it would be no surprise to stop several dollars before $500. I am charting bfx so there is a good chance of it going lower than...

Jameve

The bottom of the triangle is in the ~$382-400 range which is to be tested very soon. I believe support will hold in this area leading to bullish reversal for the intermediate term (bitcoin still bullish long term). There is a possible panic on china news that could lead to a stabbing of $382 support but if that occurs there should be strong dip buying back to...