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Wiskipedia
From Wiskipedia
This isinght's just the way to kick life into this debate.
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I rlaley rlaley hope no one followed his advice. S3052, on what basis have you determined the RALLY' status? You show no technical analysis or reasoning. At the very least you could have shown MACD and RSI as well as Volume information, all of which generally show which way the market is moving. Using Parabolic SAR on a Logarithmic scale also gives a fantastic idea of where things are going.Secondly, using a 10 day span to determine your technicals is a waste of time. The bitcoin market is INCREDIBLY volatile, which makes both short and long term predictions unreliable. If you're interested in investing in bitcoins you would need to pay attention to the movements in the market on roughly a 5-15 minute basis. Finally, the more bitcoins/money you have to invest, the more you can influence the market. Sell off 500 bitcoins here or there and you'll surely decrease the price as everyone will begin to sell. Then start buying again 500 here, 500 there and the price will rise. The market fluctuates to the whims of the wealthy due to lack of central authority and because it's a P2P currency.Looks like S3052 needs to look up some investing techniques! He's clearly an amateur.
xKrNEBZE
that the trend was up with the potential for a rally to higehr levels, and that this will be wrong when prices fall below the make or break trendline at 12.5 $.Then the fall through that level happened. The positive thing about that was that I gave a clear sell signal so people could limit losses.Most of my subscribers gave me great feedback as most of them bought back in the 5.74 7 $ area.