next major resistance at 550. That is the logarithmic ceiling on the same medium term downtrend.
If we break that.....
Topic: Knocking right on the door of the medium / long term trend (Read 830 times)
gone. First time this year we have properly broken the trend. If we stay up and go up from here then we could be in for a trend reversal.
going.......
Praying for this medium term trend reversal. I think a lot hangs on it. Stamp still bullish, although moving sideways. Twice as many coins need to be sold to drop 20 points, as have to be bought to rise 20 points.
You can see what happened on BTC-E when it broke long term trend, very briefly. Bots set to buy on the trend break, unfortunately it happened too quick and the other exchanges backed off when they hit the line so the price dipped under the long term trend line again
Holy Shit!
Happened within the space of 1 minute as well......bet the shorts on BTC-e never liked that one very much.
Stupid BTC-E bots. They need to get clever bots like on Huobi where 90% of the volume is fake anyhow yet they still prove to be the market leader almost every time the market moves in a decisive direction and even their 1 minute charts looks organic, much more organic than any other exchange....even though we know Chinese markets consist of largely fake volume.
You can see what happened on BTC-E when it broke long term trend, very briefly. Bots set to buy on the trend break, unfortunately it happened too quick and the other exchanges backed off when they hit the line so the price dipped under the long term trend line again
We are currently touching the very edge of the down trend that hit right at the peak of bitcoin. I mean really knocking on the door. If we break above it I expect a major rally. Would so love to see this broken.
I think this is why, looking at order books we have just hit huge resistance levels. 3400 coins to bump up only 4 points on Stamp.
520 would break the long term resistance.
I think this is why, looking at order books we have just hit huge resistance levels. 3400 coins to bump up only 4 points on Stamp.
520 would break the long term resistance.
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