Bitcoin Analysis: Week of Nov 2 (Intro to Stochastics)

Bitcoin Analysis: Week of Nov 2 (Intro to Stochastics)

In last week’s post we concluded with the following statement: We are as neutral across the board as can be, with the Long-term chart looking borderline Bearish once again. What looked like a great buying opportunity and continuation of momentum from early October has fizzled away. There are definitely positives to point to in that the demand in early October was something we have not seen in 6 months and if we turn right here at these US$330-340 support levels we should have established that textbook higher low that we were hopping for prior to the move up to US$420. The ideal course of....


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Quotes

I understand the political ramifications of [Bitcoin] and I think that government should stay out of them and they should be perfectly legal.

Roger Ver, Bitcoin Angel Investor and Evangelist