Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You're welcome.
Abandon ship:
Classic merchant "accepting BTC" (more like accepting USD from BitPay...) P&D, exactly like the PayPal/Dell News pumps (we know how those ended).
Price was going down (reached 335 on finex) before this irrelevant news.
If the price would have broken up of the big wedge that took months to paint, it would have been different. But that didn't happen.
The wedge broke down. Ignore bulltraps, the decision of the market is taken
Again, a test of the $275 bottom coming in a few weeks IMHO. Then we'll see what happens, if double bottom or crash.
Price was going down (reached 335 on finex) before this irrelevant news.
If the price would have broken up of the big wedge that took months to paint, it would have been different. But that didn't happen.
The wedge broke down. Ignore bulltraps, the decision of the market is taken
Again, a test of the $275 bottom coming in a few weeks IMHO. Then we'll see what happens, if double bottom or crash.
Last support trend line standing before the void. Only on Chinese exchanges.
I suspect we would have breached that before the Microsoft P&D (as you can see from the chart, we went under the trend line for a few minutes/hours), but the news was good reason enough to stop the dumps and pump a little before returning to the same levels.
I suspect we would have breached that before the Microsoft P&D (as you can see from the chart, we went under the trend line for a few minutes/hours), but the news was good reason enough to stop the dumps and pump a little before returning to the same levels.