This slow sink in the high $200s feels like how we were sinking in the high $300s. Come to think of it, it feels just like the $400s, the $500s, and the $600s.
Sell pressure breaks through buy walls, drops down another level. Sell pressure breaks through buy walls, drops down another level. Over and over again. When will it stop? Why would it stop at this point?
Topic: Bottom - page 2. (Read 1810 times)
Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275. So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.
Like I said a break below $300 will start major capitulation. It is not even bouncing back off the low of today.
IT is looking very very bad, you guys are crazy to still hold and even stupider to buy in.
A test of $200 will probably be quicker here then you can imagine as that is the next step lower.
No government bailout for you clowns still holding. Nobody is going to buy into bitcoins either, no fresh money is going to come in. Everybody expects it to go below $200 now.
IT is looking very very bad, you guys are crazy to still hold and even stupider to buy in.
A test of $200 will probably be quicker here then you can imagine as that is the next step lower.
No government bailout for you clowns still holding. Nobody is going to buy into bitcoins either, no fresh money is going to come in. Everybody expects it to go below $200 now.
We need answers...
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