lj_4b
Long

Minor trend was finally broken. Going to touch 7100. octobrrr

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It is not the end of the bear market but it is a pretty good break out from 30 EMA .
First target 7100. Will see if it is possible to make double top at 7400.

I think that that move should be the last solid growth before 6000 resistance is broken.
Oct 02
Comment: Seems like we are not going to test 7100. We just faking around 6600.

We are moving up and down around 6600 without any attempt to move higher.
For now its pretty risky situation to hold BTC because I see such circle.
ALTS(XRP and so on)->BTC->USD.
BTC can break under 6400 where the bears will try short BTC.

In such periods its better to be in cash.
Oct 02
Order cancelled
Which trend has been broken? We were above and below that line all the time in the past as you can see on your chart.

Why should the EMA30 matter so much? There are so many lines. We got the MA130 above us at 6800. And the MA200 at 7400. We are hardly going anywhere unless massive buy support from individuals with deep pockets.
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lj_4b moviestar
@moviestar, We are always going somewhere.
1. There is broken formation when bitcoin drop and retrace to 61.8 and on and on. Look at February 25.
2. 30 is a key MA.
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@lj_4b, we have stayed below 0.65 all the time though.

Why should 30 be key? At least 130 has provided significant historical support in the past and 130 and 340 stem from fib numbers (:10)
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