Post
Topic
Board Speculation
Re: Weekly MACD to turn green on next candle
by
JulieFig
on 12/06/2014, 01:10:09 UTC

Sorry, I was off by 1 day.  Missed the 10th by that much...

We actually have a green closed candle on bitfinex's MACD.  Bitstamp's just turned green with the start of the new week.


I also wouldn't mind picking your brain with regards to the next couple of weeks... Do you think we will see a minor cross back over before resuming the upwards trend, a la September last year?

I think it's entirely possible we could flash crash down as low as 420 within the next 2-3 weeks, ending the week of the crash above 540.  It's also possible we could stay flat for 2-3 weeks.  Either way, when we break above 685, we're on our way to a new ATH.  I expect to revisit the last ATH in about 7 weeks, and be at our new ATH about 4 weeks after that.


We seem to be pretty closely following the trend of the run-ups to the previous two peaks. If we do continue like this, I think we may bypass the flash crash you mentioned, and just stay flat for another 2 weeks.