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Topic: Higher chances of a rally - page 2. (Read 2322 times)

sr. member
Activity: 434
Merit: 250
July 25, 2014, 07:24:09 PM
#2
it's more stable.. so if it's harder to crash, doesn't that imply that it's harder to hit the moon? i think the next bull run, if there is one, it won't multiply by 1500% like the last few runs.
legendary
Activity: 1064
Merit: 1001
July 25, 2014, 06:53:53 PM
#1
No, not turning bull but I have to say, I'm impressed with the recent drop and support at 591. It seems it's very hard to crash the market as it was in the past. Somehow we managed to float at 600s. Seems that the next week might decide the new trend. I see higher chances for bitcoin to rally, at least to the major resistance at >670.

Here's is a nice Fibonacci chart on TradingView, made by user ChartArt

https://www.tradingview.com/v/8CGBJXFm/
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