Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
toknormal
on 16/05/2017, 18:04:12 UTC

What's this ?

Bitcoin appears to be attempting to break out of its consolidation lane early. It's supposed to reverse down and re-stest a bit more of the triangle apex. There are eager buyers with orders down there who have been promised by market tradition that they may be allowed to hoover up trimmings off the table towards the end of the current packing phase. They will be severely upset not to get their served their usual porridge.

But Bitcoin/USD does not seem to have the patience for such quaint market protocols. It's eager to make progress.

Let us follow events with interest.