I am just going to throw out there what I said the other day... I wish I could find the article I read, but I am sure someone else read the same thing. I don't always understand where people come up with their analysis, but so far he seems dead on, and I am encouraged at the possibilities still.... not wavering one bit.
To recap, he stated that so far DRK has followed the same pattern over and over (I think he said it has happened 5-6 times already), and that is the price of DRK climbs 5x, and then has a 40% sell-off.
Well, the price peaked at .0277 btc before this latest drop started...
Using that number, .0277 x .6 = .01662
This is right about where we have seen the price finally settle after some valleys & peaks trading around this level.
So assuming he is right, sometime in the next couple of weeks the coin could be heading upwards to the .0831 neighborhood ($48.04 based on current price of BTC).
Just repeating what I read really, but until I see different I think it is the best analysis I have seen.
This makes sense. The general consensus is that at some point DRK will test LTC. This isn't only my belief, or the beliefs of the full time trades I talk with on a regular basis, but also the belief of many prominent BTC evangelists, writers and investors. But the price can't just jump up like that, it has to do it in swings, it's how markets work. All the people selling now are just short term investors who can't look past the 15M charts and think this downtrend is the end. I really wouldn't worry about the price right now, it will settle soon and then we will see another huge uptrend. Me, and so many other experienced traders are just using moments like this to increase our stake. Darkcoin is the most innovative coin since bitcoin, fullstop, I would seriously like to see a competent argument against this, There isn't another coin out there that can influence the way the market works in the way this coin can.
Don't worry about the price, and if you are, just make sure your in before the next jump. I don't think there is anymore than two before we test 0.1
To put this in perspective, I'm now sitting on my first loss in six months. Am I worried? Nope. This is called price discovery, and we can't move up again until we shake off all the weaker investors from this recent rise. Some people just don't have the stomach for swings, these are the people who more often than not lose money.
Anyways, from my perspective, the more the price drops the better. It just means were shaking off more of those investors and getting more serious ones in. I mean shit, who else buys near the end of a downtrend apart from good investors? Because its defiantly not the weak investors, this is exactly when their supposed to sell.
