Quick TA update (at $0.495):
- 6H candle color/volume: not much volume during Easter holidays, conclusion: none
- Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $0.047, slippage to buy: $0.053, conclusion: bids have built up since last time
- Trendline comparison: we are now at -0.336 log units. The trendline is at $1.073 and rising $0.007 per day, conclusion: rock bottom (note: it is not necessary that 'rock bottom' will change until the parabolic uptrend starts, because the trendline is itself rising)
- Sentiment: n/a
- Prognosis: shortest term unsecure, mid-term reversal seems confirmed, long-term buy zone
Thinking in mBTC already i really like that attitude - 6H candle color/volume: not much volume during Easter holidays, conclusion: none
- Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $0.047, slippage to buy: $0.053, conclusion: bids have built up since last time
- Trendline comparison: we are now at -0.336 log units. The trendline is at $1.073 and rising $0.007 per day, conclusion: rock bottom (note: it is not necessary that 'rock bottom' will change until the parabolic uptrend starts, because the trendline is itself rising)
- Sentiment: n/a
- Prognosis: shortest term unsecure, mid-term reversal seems confirmed, long-term buy zone
Anyway even though i don't have much to contribute to this thread i just wanted to drop by and say that i really appreciate the effort that is being made here. After being in Crypto-Universe for 6 months now I'm still a total noob and this thread is really helpful - so thank you
