ALWAYS BET ON BLACK - Update 23 April 27, 2014 by Buy-Black 1 comment 1913 viewson Technical Analysis by buy-blackFIBONACCI RETRACEMENT - LAST BUYING OPPORTUNITIES OF CHEAP BC? The typical highest profit entry point for Fibonacci Retracement is 61.8%. That is where we are currently and maybe forming a new platform for launch! MACD has not significantly changed but it could if this is the bottom of the retracement. Asses your risk reward …
ALWAYS BET ON BLACK - Update 22 April 27, 2014 by Buy-Black 1 comment 1989 viewson Technical Analysis by buy-blackTHE GOOD NEWS WE BROKE THE DOWNTREND - THE BAD NEWS UPTREND LOSING STEAM The market has managed to break out of the down trend that has trapped the price by pushy sellers for a long-losing week. The break out was done with 849 BTC, followed by a short consolidation and subsequent second attempt which …
ALWAYS BET ON BLACK - Update 21 April 27, 2014 by Buy-Black 1 comment 2400 viewson Technical Analysis by buy-blackPLAYING THE BREAK OUT - FIBONACCI EXTENSIONS This is probably one of the most difficult things to execute properly. One thing we don’t want to do is cut our profit short so Fibonacci Extensions can help establish some common exit points. See Update 17 for more detailed instruction on Fibonacci Extensions First look at the …
ALWAYS BET ON BLACK - Update 20 April 26, 2014 by Buy-Black Comments are off 2108 viewson Technical Analysis by buy-blackSUCCESSFUL DAY TRADE - READING THE MARKET Earlier today we had a nice buy signal generated from MACD change of the Down Trend (Update 19). Now lets look at what followed and how a nice daytrade should have been executed. Most people trying to day trade do not have the patience to wait for a …
ALWAYS BET ON BLACK - Update 19 April 26, 2014 by Buy-Black 1 comment 2862 viewson Technical Analysis by buy-blackNEW BOTTOM FORMING? NOTHING SURE YET! Previous positive signs of bottom and good fundamentals were not enough to generate the required buying follow-through at the critical point break -out at 0% Fibonacci or 33K. This turned the all of the positive momentum previously accumulated to a negative momentum to 25K. Click on Image for Full …
ALWAYS BET ON BLACK - Update 18 April 25, 2014 by Buy-Black Comments are off 2766 viewson Technical Analysis by buy-blackMOMENTUM INDICATORS TRENDING POSITIVE 30 MIN CHARTS This time we will use MACD indicators to further analyze the current situation and a potential reversal of patterns. MACD = Moving Average Convergence Divergence Watch these two videos for a quick how to: Part1 http://www.youtube.com/watch?v=k9nds4OpA2I Part2 http://www.youtube.com/watch?v=XCcg7a1XR2E From our previous analysis the charts showed us an uptrend …
ALWAYS BET ON BLACK - Update 17 April 25, 2014 by Buy-Black 5 comments 2372 viewson Technical Analysis by buy-blackMEDIUM-TERM DOWNTREND VS SHORT-TERM UPTREND I will introduce a new tool and will show you how Fibonacci tools work as a group to provide information of future price movements and Risk-Reward ratios. First we use Fibonacci Retracement tool to see the status in this short term uptrend from 23.5K. We click on high of 29.5K …
ALWAYS BET ON BLACK - Update 16 April 25, 2014 by Buy-Black 1 comment 2730 viewson Technical Analysis by buy-blackSELLERS CONTINUE TO PRESSURE -STILL TRAPPED BY SELLERS We are trapped by BIG sellers while smart buyers set their low-priced buy-walls at critical support levels. From a trading perspective the 27K low is critical and if broken could cause a sell-off to 25K, 20K, and maybe even 12K. Some signs of bottoming out are consolidating. …
ALWAYS BET ON BLACK - Update 15 April 24, 2014 by Buy-Black 1 comment 2837 viewson Technical Analysis by buy-blackMARKET PLAYERS STOPPING A RUN-UP **NEED VOLUME TO BREAK*** - CAUTION! we have been trapped by the sellers unable to break and resume the price climb above 45K. We have bounced a few times from Fibonacci support levels but never had enough BTC to break through the resistance. click of chart for full …
ALWAYS BET ON BLACK - UPDATE 14 April 23, 2014 by Buy-Black 1 comment 2529 viewson Technical Analysis by buy-blackFIBONACCI RETRACEMENT NUMBERS - WAITING FOR CONSOLIDATION Now that we have nice charts at Bitcoinwisdom https://bitcoinwisdom.com/markets/mintpal/bcbtc (thank you !) It becomes much easier to do Technical Analysis. Fibonacci retracement numbers give you some price points where traders will take actions and thus become important support levels and resistance levels. As we now all trends have …
