ALWAYS BET ON BLACK - Update 15

MARKET PLAYERS STOPPING A RUN-UP  **NEED VOLUME TO BREAK***   -  CAUTION!

 

we have been trapped by the sellers unable to break and resume the price climb above 45K. We have bounced a few times from Fibonacci support levels but never had enough BTC to break through the resistance.

click of chart for full size

I call this market manipulation and smart sellers have killed every attempt to break above 45K until the buyers are tired and then they take over to drive the price to 27K or even lower.

The idea would be to maintain the price at these low levels possibly below 27K to accumulate more BC before we can continue to move up.

How does this get resolved? Again only through enough BTC buy pressure to get out of this trap. From previous events we have seen that we need volumes of 500 to 1000 BTC and this could be repeated again given the EXCELLENT FUNDAMENTALS of the coin. This is an important battle to fight!

Must maintain strong support with buy walls at Fibonnaci support levels of 38K, second important 36K, 34K.

Buy-Black

P.S. If you want to read the other reports go here: [url] http://www.dailyblackcoin.com/category/market-analysis-by-buy-black/[/url]

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April 24, 2014 by 1 comment 2839 viewson Technical Analysis by buy-black