If you look at today's movements, it is not clear if decline has stopped or if it will continue further. I think to revisit the $300 range is still possible.
That would be awesome. Another option to get some cheap coins!
Topic: [2014-08-22] bitcoin-chart-analysis-end-trend (Read 869 times)
That would be awesome. Another option to get some cheap coins!
I'd like to see some good consolidation around $550 - $600 and a break higher, to be comfortable about new longs, since otherwise we could quite probably continue to drift lower.
If you look at today's movements, it is not clear if decline has stopped or if it will continue further. I think to revisit the $300 range is still possible.
http://www.cryptocoinsnews.com/news/bitcoin-chart-analysis-end-trend/2014/08/19
Bitcoin Price is in the last leg of decline since the early-June high near $680. This downtrend, although relentless, is neither stronger nor more volatile than comparable declines in the first five months of 2014. In fact, the current wave down is characterized by little price swing and measured corrections. The big question is where it will end and the price level of the coming BTC/USD bottom will provide us with further clues as to the Bitcoin chart’s next move.
Bitcoin Price is in the last leg of decline since the early-June high near $680. This downtrend, although relentless, is neither stronger nor more volatile than comparable declines in the first five months of 2014. In fact, the current wave down is characterized by little price swing and measured corrections. The big question is where it will end and the price level of the coming BTC/USD bottom will provide us with further clues as to the Bitcoin chart’s next move.
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