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Long BTC on Daily Momentum Squeeze Indicator

Hello everyone. Long time since I’ve made a post as a result of being busy with my day job. Getting back into it, but don’t have time to update the EWave count. There’s a great momentum indicator I want to teach everyone about. In trading, we want to identify periods where price is setting up …

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Bitcoin / USD Wave Count Update – May 19th, 2014

Bitcoin price has been difficult to count and indecisive for the past month. Let’s start this update by taking a look at the daily chart for clues on the current trend. I notice the following important points from the daily chart. Price has failed to stay above the 21 day EMA (listed on top left …

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