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Bitcoin Forum > Economy > Economics > Speculation > EMA 100/200 convergence = price about to move?
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saddambitcoin (OP)
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May 20, 2014, 01:42:29 AM
 #1
i just have a feeling that there is about to be a price movement soon, does this mean anything?

edit: i don't know the best way to post an image

http://bitcoincharts.com/charts/bitstampUSD#rg180ztgSza1gEMAzm1g100za2gEMAzm2g200zvzl

the way i see it there is about to be a massive revaluation of the bitcoin and it is soon going to be worth thousands of dollars.
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May 20, 2014, 01:59:59 AM
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As a long term investor I like weekly chart. I see indecision in the market.
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May 20, 2014, 02:05:41 AM
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yes, indecision. there are lots of people waiting for the right time to buy, you see all the threads saying so. my guess is any movement downward will generate sufficient buying volume to propel bitcoin value to $540 and this will be the next stable price for the medium term.
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