Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 16/04/2014, 05:43:29 UTC
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.

It's way too early to say that with confidence. Yes, long term uptrends have to start somewhere, but a week isn't long term anything.