Saw bitcoin is 750 USD right now. How much you guys think it will go down and stabilize to.
Also how long the stabilization period you think will last before the next jump.
The charts of the two big USD exchanges suggest that a sort of double bottom has formed (at least in Bitcoin terms), which is kind of bullish.
The BTC China charts however, suggest that there is another heavy slam dunk to come.
BTC China is leading this market.
I have heavy buy-in tranches set up between $100 - $230, but also have capital ready should the market correct back down to around the $400 level, and show that it is ready to spring back up again.
If anyone considers a $100 - $200 buy in tranche to be a bit crazy, just think how you would have thought about a $380 buy in tranche just 14 days ago, it would have been impossible, right?
I'm not sure about this double bottom:
Crash 1:
Gox: 570
Bit stamp: 550
Btce: 550
Crash 2:
Gox: 455
Bit stamp: 375
Btce: 420
The difference between 550 and 375 on stamp is huge. That's a 32% loss. Maybe you should be looking at this on a log scale. In comparison, the double bottom in April was 55 and 50, which are only 10% apart.
What I am impressed with, though, is the volume. There was a big volume increase on the second crash in western exchanges. Btce alone did 150k. This would suggest that the next crash might be the double bottom.
