Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.
these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support
these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support
i think its time to go back and compare the situation before and after the breakout of the last channel. the breakout happened way faster than expected and the auction fueled it.
it's time to analyze the new situation in daily and weekly chart. there some interesting possible scenarios. the most bullish one is that the upper line of the old daily channel or the upper line of the weekly channel is building the resistance and we have a new uptrend channel and continue the rally.
but there are a few more possible scenarios, if anybody is interested I would post them in a separate topic later today or at the weekend.
