Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We will see a recover after the black friday.
Won't we?
Won't we?
Black Friday has little effect on the price of bitcoin... gotta wait until December 4th or soon thereafter.... but NO guarantees anything will happen after December 4; however, less likely any kind of rally will occur prior to December 4.
Out of curiosity why are you stating an importance to December 4th?
It's the date of the us marshalls auction of the 50k btc from silkroad. I doubt that we will have a rally before that auction date, but never say never in bitcoinlandia. Also, no guarantee of any meaningful price action after that date, but I tend to believe that several big players, including bidders, have incentives to keep prices down until after the auction bids are in.
Thank you for the explanation, not sure why I didn't realize it was the auction date. I wonder if the losing bidders will buy any coins off exchanges after they lose the auction?
I actually believe the 3D MACD will cross above the signal line on December 5th. It would be cool for these stars to aline and begin our next rally.
Disclaimer: I don't conduct any real TA and I'm not convinced of its effectiveness, but it is fun to play with
