Topic: It's about to drop - page 3. (Read 3122 times)
Looks like it's gonna flash crash back to about 225.
pump for this month already over buddy, sell your bitcoin now because i see price will drop below $230 
Still long from $226. Market is in reaccumulation right now; I can't see it coming down from here unless demand completely dries up over the next few days. In that case stops are set to keep a slight profit.
A horizontal point and figure count of the sidways area from 8/18 to 9/2 shows that enough force of accumulation has been built up to advance the price about $40, so $260-$270 is the next stop medium term. At that point the market should show us at least one tall green bar on the daily chart on good volume (a sign of strength) to confirm that the rally has gained enough of a following to push above the $26x resistance area.
Unless of course, this is just an Ashley Madison pump.
A horizontal point and figure count of the sidways area from 8/18 to 9/2 shows that enough force of accumulation has been built up to advance the price about $40, so $260-$270 is the next stop medium term. At that point the market should show us at least one tall green bar on the daily chart on good volume (a sign of strength) to confirm that the rally has gained enough of a following to push above the $26x resistance area.
Unless of course, this is just an Ashley Madison pump.
This pump that started this weekend is about to fizz out. Time to exit. Now.
Jump to: