The price broke above the 200 day moving average on the daily chart last August 17, 2016 and is currently at 923 satoshis. The current volume on Poloniex dropped to 69 BTC as sellers (the early buyers at 500 satoshis) were already exhausted.The target for selling before snapshot is 1,457 satoshis.
Previously, AMP was reverting back to low 10,000 satoshis as traders feel there's nothing to look forward to Synereo's development. And then an announcement https://blog.synereo.com/2016/08/16/synereo-alpha-going-online-heres-what-you-can-expect/ that its network will soon be launch in September. This cause the ...
Sequence of observations since 93 days ago:
In spite of seemingly coordinated hacks against bitcoin exchanges (maybe FUD attempt by powers that be), the price continues to crawl up. Buys continue to climb up in spite of heavy sell pressure.
The safest short position is at the higher levels of the triangle. Less safe, but good nevertheless is to set buys ...
The sell volume overwhelms the buys all the time and no confidence-inspiring news in the near future. Volatility increased as many long-term holders has probably sold out already.
We haven't entered despair phase yet.
Always watch the sell and buy volumes. Find the highest price to short.
(Scroll the chart to see description for the orange arrows) The November 2013 mega pump was mostly driven by Chinese speculators. And these speculators are very critical that their government will not allow Bitcoin to grow so big. ...
In the media, a lot of sources have been releasing misinformation and a negative outlook on Bitcoin's future. My crazy mind says they are prepping to buy cheap bitcoins at the auction.
TA also indicates wave two is not over.
I'm not sure about all of this. But I think there will be bots pushing for a lower ...