"There is nothing new in ... speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly build into human nature, that always gets in the way of human intelligence. Of this I am sure." -Jesse Livermore

5-29-2014, What you know Bitcoin volume? On Balance Volume? A technical analysis indicator

Bitcoin speculators:

If you are here to make a quick buck, skip this post and go play craps. If you are here to understand what is going on behind the bitcoin market by analyzing price and volume side by side, read on. Today, we are going to learn and analyze a volume indicator called "on balance volume". This indicator measures the buying and selling pressure of a market. It is always important to understand volume together with price, and hence this is a valuable indicator. There is a concept explained section for those of you catching up. Before reading further, I want to disclaim you that no indicator work 100% of the time, this is simply another tool in your toolbox of technical analysis.

5-28-2014 Bitcoin update!

Hello gentlemen:

First, thank you all for the feedback. I will do my best to improve upon them. Secondly, I got a few comments regarding the lack of indicators analyzing bitcoin. I would like to address this concern below

5-26-2014 Bitcoin chart update. Target 610 and 710 USD/BTC

This is my first post since I made a post on r/bitcoinmarket regarding interest in a technical blog. I want to do a bitcoin blog because I think bitcoin has a lot of potential to become the future currency of the world. More importantly, I want to bring in my technical knowledge of 6 years from the stock/futures market into bitcoin. There seem to be a lack of technical analysis and statistics in bitcoin, but a whole lot of speculation.

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