Re: 10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days!
1w MACD just turned green? check.
Last gasp before a huge uptrend? check.
Flash crash that broke 23% fib level from ATH to bottom anyway? check as well.
I know... Silk Road crash. Can't possibly happen again. Once in a lifetime...
Bullshit. News matter, but price has a way to create its own news that matter.
Like I said, I don't expect it, but I wouldn't be shocked either if it happens.
Good points. Now that I think about it, every major bitcoin rally had some huge bad news selloff right before it. Silkroad, pirate, something which happened before the rally to 32 which caused the dip to $0.8
Hmm (puts on Mat's conspiracy hat) - It's almost like bad news create a good enough entry point for a rally starter, who then sucks liquidity out of the market until it shoots up. Or maybe people need to see that "really bad news" have only limited impact, and start buying, reassured.