Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The daily charts look horrible - EMA violated, MACD down, parabolic sar flipped, RSI below 70. But it looks like perhaps we're still being supported by "choo choo mofo" trendline we've had since day 1 of ATH break. I wonder if this trendline could slowly drive us to ATH? This would probably be the last breakout since that trend would be moving too slow to keep up with any significant higher levels.
And meanwhile Stamp chews through $1000 yet again. Bitcoin chews up TA as well.
when TA doesn't look good and fear the tide may turn, those big whales who follow TA will want to realize that profit. That is why bulls are getting beaten on every rally they try to make since yesterday. 1100 is still resisting..
Not so sure it's down to resistance so much as the general meandering of indecisive sideways motion. If/when that tiny wall at 1100 finally drops, I would expect a gradual rally acceleration
edit: worst timed post ever!
