BTC/USD failed to breakout above 12$ and if it is going to stay above 10.50$ then a new attempt to attack the 12$ resistance is possible.
The inverse fisher Rsi oscillator is still overbought and so the short term rally is still intact.
About the NY conference, i think there will be a time lag of 2-3 weeks before some effect on prices show up. It was a good event and the presenters did a great job, we need many conferences like this in the upcoming months if we want to see a bullish autumn.
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The conference isn’t going to affect prices in the short term, it is good for long term development of bitcoin.
Thanks for the update, i’m watching carefully the 10.50$ level.
The resistance at $10 is very strong and has been for a while, so unless those bids disappear I’d expect upwards movement sooner or later.
Volume has been eerily low.. the later we hover the more I’ll worry. When the volume picks up, maybe a small dip and a (big) bounce? There’s so much USD on the books I’d be surprised by a plunge.
I follow you also on twitter channel, nice call today we are dropping under 10$ as you thought
yes, again you were right, we are falling.