|
The famous top price of 31.89 USD, back in 2011, was made on 8 June. In 2012, the top price of 15.41 was on 17 August. The summer season might determine low volumes, but hardly a crash. There are less buyers, but also less sellers. Anyway, a crash is a crash. When your supports are breached, you better watch out.
Right now, the 65 are holding, but the huge pockets are waiting at 50-56. Resistances at 69.6, 71 and 75. Then, two big ones currently around 85 and the major one (the down trend on my first charter) at 98.5. The break of the 75 could signal a change of median term trend from bear to bullish. I doubt that, but who knows what will happen...
|
|
|
|
Breach of the long term uptrend line. Next stop, 54-50 usd?  |
|
|
|
Breach of the long term uptrend line. Next stop, 54-50 usd? |
|
|
|
Breach of the long term uptrend line. Next stop, 54-50 usd? |
|
|
|
Australians can sell their bitcoins on https://www.weexchange.co, an old exchange administrated by a known member of the forum, with no fees, and withdraw the Australian dollars to an Australian bank. Price can be negotiable if the amount is big. Just send me a personal message. |
|
|
|
Australians can sell their bitcoins on https://www.weexchange.co, an old exchange administrated by a known member of the forum, with no fees, and withdraw the Australian dollars to an Australian bank. Price can be negotiable if the amount is big. Just send me a personal message. |
|
|
|
 The downtrend line identified in the previous post has stand all this time (with a fake breach on 20-21 June). A technical relevant uptrend line was formed giving a currently (naturally, since it's a uptrend line, tomorrow the support will be higher) temporary support around 93. The downtrend channel suggests that this support will eventually be breach, perhaps after another test of the downtrend line. There isn't another strong support. The lower line of the channel, the 88 and 78 lower prices are weak supports. |
|
|
|
|
Rules updated taking in account bitcointalk's new status criteria and its trust system.
|
|
|
|
|
Show Posts
