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23.12.14 – Bitstamp – Update

Price at Bitstamp holding uptrend | 1HR time interval

Long trade has been in effect for 5 hours. A bit of caution is required.

If you are actively trading, it is advisable to set stops at or above breakeven.

On the long side: Ascending channel is still holding. Target at $345 remains intact. For upper targets regarding the other exchanges please visit our weekly preview report.

On the short side: Critical support rests at $334 breakout area.

231214 - Bitstamp - BTCUSD

23.12.14 – Bitstamp – 1HR Candlestick Chart

Overall: Price is testing SAR support (white dots). Stochastic is overbought for 6 consecutive hours indicating possible temporary weakness ahead.

***Please note that the same applies to other reported exchanges too***

Our Stance: Holding longs with tight stops.

 

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