Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This rally up from $320 was not on a single one technical indicator. So much for the TA and smart trading on the bitcoion markets.
*sigh*
Let's see where we go from here. I'm still not 100% convinced this latest trend will stick. But about your claim that this was completely off the radar...
[...]
To me it looks like we could go all the way to ~340 for a re-test, and it would look a lot like April 16 to May 19 earlier this year. (Of course it would only be similar if there is good support at that level)
To me it looks like we could go all the way to ~340 for a re-test, and it would look a lot like April 16 to May 19 earlier this year. (Of course it would only be similar if there is good support at that level)
[...]
[...]
http://i.imgur.com/OCen3ZC.png
http://i.imgur.com/ZiGp4hA.png
Between this (new Chinese volume peak, even higher than volume at capitulation bottom), the major Bitfinex market buys yesterday, and the ramping up of Bitstamp's bid/ask I already mentioned, I'd be seriously surprised if we don't make at least an attempt to get back to 380 within the next 10 days.
http://i.imgur.com/OCen3ZC.png
http://i.imgur.com/ZiGp4hA.png
Between this (new Chinese volume peak, even higher than volume at capitulation bottom), the major Bitfinex market buys yesterday, and the ramping up of Bitstamp's bid/ask I already mentioned, I'd be seriously surprised if we don't make at least an attempt to get back to 380 within the next 10 days.