Down to 35? Or up to 100? - page 2. | Bitcointalksearch.org

Malawi

full member

Activity: 224

Merit: 100

One bitcoin to rule them all!

Quote from: symbot on April 16, 2013, 03:34:06 AM

I am not usually into technical analysis, but $50 is the 100-day moving average price (which has provided support in past bear markets) and it is a key psychological level. At least short-term there should be support at $50.

Unless there isn't.

You might be correct short term. But I think it's a fake bottom, that may last a day or two(if that long).

Spekulatius

legendary

Activity: 1022

Merit: 1000

Quote from: adamstgBit on April 16, 2013, 03:30:04 AM

the bottom is in 2- 5 weeks, obviously we won't be dropping down at the same rate as we have been, but its not going to shoot up 100% just "Because Bitcoin" ( lol it might, but it will correct back down fast... )

the bear market will be short lived tho, try not to lose your cool....

look to accumulate slowly... very slowly!

No offence Adam, but I think you are too slow Grin

What Wall Street does in a year, Bitcoin does in a day.
Your 2-5 weeks estimation I think will be a thing of the past by Monday.
EVERYBODY GET IN ON THE ROLLERCOASTER! NEXT STOP: 100$$$!!!

symbot

member

Activity: 118

Merit: 10

Nobody accepts bitcoin on the moon.

I am not usually into technical analysis, but $50 is the 100-day moving average price (which has provided support in past bear markets) and it is a key psychological level. At least short-term there should be support at $50.

Unless there isn't.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

the bottom is in 2- 5 weeks, obviously we won't be dropping down at the same rate as we have been, but its not going to shoot up 100% just "Because Bitcoin" ( lol it might, but it will correct back down fast... )

the bear market will be short lived tho, try not to lose your cool....

look to accumulate slowly... very slowly!

M4v3R

hero member

Activity: 607

Merit: 500

Market depth at one moment will tell you nothing. It's very easy to manipulate by big players. Wall often are pulled back as soon as they're hit. You can't fight the trend.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: zeroday on April 16, 2013, 03:23:59 AM

Just look at market depth and ask yourself

I'm not very good with that...

zeroday

donator

Activity: 784

Merit: 1000

Just look at market depth and ask yourself

wobber

legendary

Activity: 1064

Merit: 1001

Since the drop today was ~50 usd, coud it drop 20 more? Or get up 50 again, even 120? I think it can...

Topic: Down to 35? Or up to 100? - page 2. (Read 2084 times)