Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
530 wall is impressive, $834,730.
That wall is fake. And its a WEIRD place for a wall. There are no resistance lines at 530.
Someone is trying to buy in lower for the run to 550.
~530 was a strong support that held a couple times in February before we broke finally down into 400s. You know, support becomes resistance and all that stuff.
the next couple of resistance lines are 530, 630, 750 and 800 if i'm not mistaken.
although a minor wall seems to be forming at 555 too but i doubt that one will stand