My focus is Gold & Silver, the Miners', and Equities in general, but recent price action in BitCoin has prompted me to post a commentary for my first Steemit blog post.
You can go here
and review a thread I've published on Twitter since November of 2015. There you will find Techincal Analysis of BitCoin since the initial breakout which morphed into its current bull run.https://twitter.com/TraderStef/status/661220787861495808
- TraderStef
But before you do that, listen up. The markets have changed over the last decade or so. It's no longer your grandpa's or even your dad's market. Fundamentals are still an extremely important element because they always win, which is why I promote Fusion Analysis. Although, within the current electronic trading environment a new element has taken the stage... Algorythms & High Frequency Trading platforms. The 'Quants' program all kinds of Technical indicators that have been used and fine tuned over many decades by seasoned Traders'. Even without the Algos & HFT's, the outcomes would be the same, it's just more volatile and jack be quick while you're being robbed and bumped off the front of the line. There are so many technical variables that can be brought into this discussion and I don't want to do that here. Just take these three charts for what they are, visuals. A seasoned trader can spot a trend or upcoming event a mile away. Plan Your Trade, Trade Your Plan.
TraderStef on Twitter https://twitter.com/TraderStef