And all this happens exactly when the first world cup game starts....
so what's the word? price goign up rather than down? -_^
Resistance trendline of symmetrical triangle has almost been hit as shown in
this chart. Been like that for the past 8 hours or so. Still another 2-3 bucks before the trendline is touched or another $5-$10 before the trendline is tested, but it seems that there aren't many takers willing to risk buying the last Bitcoins of the leg 4 triangle upswing. So to answer your question, the price is going down. Back down to $560s, which is where things will get interesting and we will see if we are to break down to new lows or make a break to upside.
My point of view: If price crosses the line, we got a huge problem...
Edit
Thats what I call a "Wall":
I noticed that thing like today always happen on sundays. Most likely on early evenings (europe time).
Its strange cause thats the only time in the week no one is at work and all businesses are closed.
Asians are still sleeping and the others enjoy sundays.
So hard to believe for me that a whale (like a bank or similar) causing all this changes in price.
Almost crossing the line.....
The big picture:
I think it will give a good push to the price, if we pierce this line.
It might be that we hit the log. trend already:
(Chart is couple hours old)
