coinables

coinables

My last post was to go short and if you closed out your short before this guy showed up (monster green candle), then you would have profited well. This huge bullish candle penetrates both ends of the bollinger bands, and it was followed by a confirmation green candle. The confirmation candle is weak and has decreasing volume. I expect the bears to show their...

coinables

Bulls were unable to recover from the earlier drop. The initial green candle showed promised but was supported by little volume followed by many red bearish candles now fully engulfing the green candles. Further down. Position short

coinables

Support appears to be holding in the $233 area. However the volume is slowing down and green candles haven't engulfed for the last 8 hours. Waiting for a break down below the mid bband for a short position, or a break above the top for a long position. It could easily break either way but neutral positions are no fun, so I'm going to stick with long for now....

coinables

Bears are losing control as we can see by the recent candles on the 2 hour chart at bitfinex. The green bullish candles are showing their strength and are able to engulf the previous reds for the last 24 hours. We are stretching up over the upper bbands and could be setting up to ride the upper band to the next point of resistance at $300. Long at 233 with tight...