BTCUSD Consolidation

[quantsig]

http://blogdotquantsigdotnet.files.wordpress.com/2013/05/fx_btcusd_b-qsn-chart2.png
BTC's weekend consolidation appears to be nearing completion. We're still waiting for a sell signal, which we have no sign of as of yet.
Full blog post http://blog.quantsig.net/2013/05/30/btc-update/

[torba]

Don't know if you can call it a weekend consolidation, more of a whole week consolidation.

[lucif]

I also noticed end of consolidation this morning

https://bitcointalk.org/index.php?topic=131065.msg2315183#msg2315183

[quantsig]

Don't know if you can call it a weekend consolidation, more of a whole week consolidation.

The holiday weekend is when it got started. It's not been much of a consolidation considering overall volatility, but it's still providing a decent entry to late arrivals.

[quantsig]

I also noticed end of consolidation this morning

https://bitcointalk.org/index.php?topic=131065.msg2315183#msg2315183

This doesn't look like a bearish break incoming. All models are pricing BTCUSD as undervalued.

[lucif]

I don't care about further move direction, the main point is move. I just agree that consolidation is about to complete.

[quantsig]

I don't care about further move direction, the main point is move. I just agree that consolidation is about to complete.

I can agree with that. I guess it's a good thing that it's stabilized a bit, but it is tough to trade at this low volume/volatility.