Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: TReano on November 07, 2015, 03:14:28 PM

Quote from: gotmilk_ on November 07, 2015, 03:10:36 PM

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Quote from: rpietila on November 07, 2015, 02:45:39 PM

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

MACD is nothing else then a lagging indicator... It's the same as looking at the chart and say "Oh wow it goes up!" ... It's just visualized for the blind trader...

It's a momentum and trend indicator which should mean a lot for Bitcoin traders. After all, Bitcoin is a momentum trade whether it be down or up.

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.