Quote from: cypherdoc on May 30, 2014, 02:21:54 PM

sure, you could try to automate your trades if a sudden move happens but that is very dangerous to your account especially with whipsaws. statistically, much of this volatility is going to originate from outside the US when you're asleep.

better to HODL.

I I was a HODLER, I would be bagholding some 27BTC bought at $1100 as a worst case scenario, although I start 'day trading' Bitcoins from $700 in November. So best case scenario would be me being a bag holder from $700 range.

Quote from: toknormal on May 30, 2014, 02:47:31 PM

I think the 1-week MACD histogram from Bitcoinwisdom tells all anyone needs to know about whats happening with this breakout.

It's permanent, and has been building since early April when the rate of selling started to slow. The correction from December's all time high is now fully in and IMO this is going well northward over the summer.

We haven't had such a bullish set of circumstances since last October.

Never rely on one indicator alone. Especially not the MACD.