SO happy i managed to sell my mining hardware few days ago. Is there any other purpose for SHA ASICS?=)
You can use them for heating next winter
Hey guys,
not quite sure here. Is this a head and shoulders pattern on the right?
http://i.imgur.com/8lFopVs.jpgYep a small scale head and shoulders. I dont see any reason to trade it though.... too small. the market will change too fast. and no short term fundamental reason I am aware of.
Thank you for the confirmation. I wasn't sure because it didn't look as clear on Bitcoinwisdom.
Looks like that 12h MacD does not fuck around, i wonder if 450 will hold
Could someone please explain this whole MacD stuff for us newbies?
Thanks.
MACD is one of the most commonly known indicators. You can find a lot about it searching the web.
You can enable it on
https://bitcoinwisdom.com/markets/bitstamp/btcusd under settings. The basic logic behind this is the following: MACD crosses up (turns from red to green) -> buy, MACD crosses down (turns from green to red) -> sell. This doesn't work very well on lower timeframes but can work on higher timeframes even though there are a lot of better indicators than that one. Anyway its still always useful to have an eye on it since quite a lot of people trade using it.
1-Hour RSI-Trendline on BFX broken, getting excited here
So on BFX the 2-and 4-hour RSI-Trendline just crossed as well as the 1-/2- and 4-hour OBV-Trendline (slightly). The rest of my indicators are also looking quite good so I am long for now.
Goood night guys
P.s.: Don't trust in what I'm saying, just a noob here documenting his thoughts
