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Title: Is anyone else seeing this strong resistance above 92? Post by: Kevlar on April 18, 2013, 07:49:25 AM Title: Re: Is anyone else seeing this strong resistance above 92? Post by: solex on April 18, 2013, 08:01:31 AM On the four-hourly chart the level between 90 and 105 is major resistance. It would be extremely bullish if Bitcoin was to burst through that from the low of 50 in a single move. Volume is very light over the last 8 hours. IMHO a retrace to about 75 is expected first.
Title: Re: Is anyone else seeing this strong resistance above 92? Post by: Kevlar on April 18, 2013, 08:09:32 AM On the four-hourly chart the level between 90 and 105 is major resistance. It would be extremely bullish if Bitcoin was to burst through that from the low of 50 in a single move. Volume is very light over the last 8 hours. IMHO a retrace to about 75 is expected first. Ah, what was previously resistance at the 38% retracement. Yep. I'd buy (sell?) that. Title: Re: Is anyone else seeing this strong resistance above 92? Post by: solex on April 18, 2013, 10:26:36 PM Spike to 102, not much resistance left at this level.
So much for theory. We should already know that Bitcoin has fundamentals on steroids. FWIW, next resistance at 115, then blue skies to 170 Title: Re: Is anyone else seeing this strong resistance above 92? Post by: Rampion on April 18, 2013, 10:28:26 PM Spike to 102, not much resistance left at this level. So much for theory. We should already know that Bitcoin has fundamentals on steroids. FWIW, next resistance at 115, then blue skies to 170 We'll see resitance at $130 and $160, very common b/e points Title: Re: Is anyone else seeing this strong resistance above 92? Post by: ElectricMucus on April 18, 2013, 10:38:25 PM I think that last oscillation means that was it already.
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