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Author Topic: Is anyone else seeing this strong resistance above 92?  (Read 892 times)
Kevlar (OP)
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April 18, 2013, 07:49:25 AM
 #1



Has it run out of steam?


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April 18, 2013, 08:01:31 AM
 #2

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.

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April 18, 2013, 08:09:32 AM
 #3

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.


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April 18, 2013, 10:26:36 PM
 #4

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

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April 18, 2013, 10:28:26 PM
 #5

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

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April 18, 2013, 10:38:25 PM
 #6

I think that last oscillation means that was it already.
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