If bitcoin manages to break the 38 % retracement values somehow, there will be strong support around the $ 3400s as the 50 % macro Fibonacci Retracement values (shown in Figure 1) have historic significance and support.If bitcoin is going to see any significant price growth within this rally, it will have to pick up
some major buy volume and break through very strong, historic resistance values.
Not exact matches
While I believe markets are efficient when it comes to stocks, bonds, currencies and commodities and reflect all known information at the time, in the case of bitcoin, and a few other instances like the ONLY stock I've
bought in over a year (now up big), when I start to see the mainstream media reporting on something, google search
volume through the roof (chart below) and lastly, when your mom asks about it — it may be signaling mainstream acceptance and further expansion of a
major bubble.
K - NFB has partnered with wholesaler Baker & Taylor to fill its store with
volumes from
major publishers, but I was unable to find most of the top ten books on the week's New York Times fiction best - seller list (all of which were available for Kindle and most of which I could
buy as e-books from Borders).
One of the
major problems this share has is its illiquidity — it is virtually impossible to
buy a decent number of them without paying well over the odds and this is a really hard problem to solve, Hence waiting a couple of months and having a good marketing push may not do much to improve the share price — although it has improved a bit since the annual results and the AGM statement there has not been any great
volume behind it and therefore no real upward momentum.
While several big
buy volumes were recorded on
major exchanges like Bitfinex and Bithumb, the market struggled to sustain the momentum it has created over the past 5 days from March 31 to April 4.