weekend update

Bitcoin price update, 12-22-2015, holiday choppiness

Market showing some weakness the last two days. While short term trend is down, it is hard to say it will keep falling since market is choppy and it is holiday season. I expect market is kind of drift down with some volatility. 

As for my own trade, I believe I've entered my short at 446/465 a bit early. I could improve upon my timing, enter it at a slightly higher price. While I am profitable now, I plan to hold it for the short term. I always announce trades here and Twitter, no ambiguity for people who asked.

10-10-2015 Bitcoin weekend update, market consolidates, short term bearish

My BTC weekly update:

TA wise, I am actually slightly bearish short term because of the following reasons:

1. Largest bar on a short term uptrend three days ago. Possible last exhaustive push. We have been up for 4 weeks straight now.

2. We made new highs for a brief moment before pulling back, a new high above 248 would be a continuation of the uptrend. We are below that now which imo is slightly bearish. 250 is strong resistance. If you look at past data, 250 proved to be good reversals area.

9-25-2015 Bitcoin market analysis and weekend update

A weekend update for you all. Bitcoin market has been very choppy for the last month or so. A fast 5% move here and there but no real trend forming. I am guessing people have lost some interest in trading BTC. I have been sitting on the sidelines patiently waiting. As a trend follower, the idea of sitting on my hands with discipline is almost as important as learning to trade itself. I learned this because I had been burned too many times in the past from trading choppy markets using a trend following strategy.