Post
Topic
Board Speculation
Re: Goomboo's Journal
by
StewartJ
on 22/01/2012, 18:02:52 UTC

Ah, I've been looking at the 15-minute interval chart. I think this may be a false crossover, unless the volume starts increasing. There also seems to be little support above $6.20.

I'm wary of looking at smaller timeframes in the BTC market.  My main issue is volume / the spread.  Much of the trading / charting that happens on the lower timeframes in BTC is really just noise and difficult to follow.  Also, if you take a trade, the spread is so large that your position may never make money, even if you were right as to the trend direction for the next few hours.

I was noticing the potentially low 15 minute  interval in posters question.

Just to verify, the optimal chart your considering for viewing the moving 10/21 EMAs is a 5 Day/ 1 Hour chart, correct?

I noticed you mentioned the 10 Day / 1 hour chart, as well. Is that just as valid as the 5 Day chart? 

Sorry for the confusion.