$13 to $26: Exploring The Bitcoin Rally #bitcoin

$13 to $26: Exploring The Bitcoin Rally

$13 to $26: Exploring The Bitcoin Rally #bitcoin

At least for now, it seems like the market does not even want a correction. Traditional technical analysis theory introduces a concept of Fibonacci retracements, where a price correction backtracks 38% or 62% (three eights and five eighths, both ratios between small Fibonacci numbers) of the rally’s gains, and a correction within a correction – the spike back up that inevitably follows a fall – itself tends to follow the same patterns. Here, the conventional wisdom has been broken. Bitcoin fell down, but within hours it came back even stronger. Psychological thresholds matter. In the last two price charts above, one can clearly see how the price began to drop quickly once it broke below a key psychological threshold that Bitcoin had gained only a few days earlier. A trading strategy that Bitcoin traders may wish to consider is setting up an automated sell order that would ...

Full article: http://bitcoinmagazine.com/13-to-26-exploring-the-bitcoin...

Tweets

@jlantunez » 28 Feb '13, 11am
Ayer @eduardo nos enseñó cómo el Bitcoin está ya a $33. Hace un mes estaba a $16. Gran tema a seguir para 2013 [link]
@NABcomUK » 15 Feb '13, 9am
$13 to $26: Exploring The #Bitcoin Rally.. genuine adoption, and not merely a bubble?@BitcoinMagazine [link]
@Dr_Revelator » 15 Feb '13, 2am
RT @MADinMelbourne: + megaupload offering 10%disc btc payments, may the rise continue @Dr_Revelator: #bitcoin riding uphill rolle-coaster [link]
@MADinMelbourne » 15 Feb '13, 1am
+ megaupload offering 10%disc btc payments, may the rise continue @Dr_Revelator: #bitcoin riding uphill rolle-coaster [link]
@Dr_Revelator » 15 Feb '13, 1am
These last few weeks have been like riding a rolle-coaster up a huge hill. #bitcoin [link]
@purushivha » 14 Feb '13, 10pm
RT @seapollo: #ビットコイン価格変動の解析。13ドルから26までの上昇の解析。（英語 [link]
@ianatmars » 14 Feb '13, 9pm
This robust bitcoin rally may be about to accelerate with the news that [link] now accepts bitcoin. [link]
@jajob » 14 Feb '13, 6pm
13-to-26-exploring-the-bitcoin-rally [link] (via Instapaper)
@seapollo » 14 Feb '13, 4pm
#ビットコイン価格変動の解析。13ドルから26までの上昇の解析。（英語 [link]
@waspoza » 14 Feb '13, 1pm
$13 to $26: Exploring The Bitcoin Rally | Bitcoin Magazine [link] #bitcoin
@Technom4ge » 14 Feb '13, 1pm
RT @BitcoinMagazine: $13 to $26: Exploring The Bitcoin Rally [link] #bitcoin
@CrizzlesButtons » 14 Feb '13, 1pm
#news #bitcoin #btc $13 to $26: Exploring The Bitcoin Rally: Over the past month or so, we hav... [link] #alt #current #rt
@kyuupichan » 14 Feb '13, 1pm
RT @BitcoinMagazine: $13 to $26: Exploring The Bitcoin Rally [link] #bitcoin
@Bittirahafi » 14 Feb '13, 1pm
RT @BitcoinMagazine: $13 to $26: Exploring The Bitcoin Rally [link] #bitcoin
@ilovebitcoins » 14 Feb '13, 1pm
$13 to $26: Exploring The Bitcoin Rally [link] #bitcoin
@BitcoinLIVE » 14 Feb '13, 1pm
$13 to $26: Exploring The Bitcoin Rally [link] #bitcoin
@BitcoinMagazine » 14 Feb '13, 1pm
$13 to $26: Exploring The Bitcoin Rally [link] #bitcoin