Bitcoin Forum
December 09, 2016, 07:38:50 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Estimate the true amount of resistence around 7-7.25  (Read 2143 times)
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 12, 2012, 08:42:38 AM
 #21

What would a prudent guess of the true resistence
@ 6.90 - 7.25 be like?

2-3 times visible amount? More ? Less ?

If passing the resistence point fails again are we in for another round below 6?

For me the market is really a bit hot now. Really would hate to burn my fingers.

As I write this depth at $7.25 is about $156,000. I currently estimate that it would actually take closer to $400,000 to reach that level.

We're at about $400,000 volume since this prediction.... Quite a bit of the wall has been eaten, but most of it is still there.  It will be tough to punch through unless most of those asks are dropped.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!