BTCUSD, Weekly Chart, MtGox
Stalemate: how I learned to stop worrying and love the trading channel.
We are seeing lower than average volumes at the moment on MtGox. Maybe due in part to the upcoming Holiday season but maybe buyers and sellers are 'stuck': buyers are waiting for prices to fall as 'bad' news emerges from regulators, banking authorities, China and the rest of the world. Sellers anxious that declines are imminent based on the 'bad' news flow, feel they cannot liquidate long positions as 'new money' may come into the market from countries like India to push up prices.
We will either drift sideways in the trading channel throughout Winterval (Xmas + New Year) or some news item e.g. further tightening of controls re BTC in China, will force a break of the channel.
We are seeing lower than average volumes at the moment on MtGox. Maybe due in part to the upcoming Holiday season but maybe buyers and sellers are 'stuck': buyers are waiting for prices to fall as 'bad' news emerges from regulators, banking authorities, China and the rest of the world. Sellers anxious that declines are imminent based on the 'bad' news flow, feel they cannot liquidate long positions as 'new money' may come into the market from countries like India to push up prices.
We will either drift sideways in the trading channel throughout Winterval (Xmas + New Year) or some news item e.g. further tightening of controls re BTC in China, will force a break of the channel.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。