For all who are asking - Yes, this does not look like it is over yet. Too sharp recovery shows that the market has pressure in both directions.
I think that we are overextended and will go down from here before the end of March. How much? That is harder to say.
EDIT: Those TA guys know better how to describe the current +50% in 24 hours situation, and how long it typically takes before it resolves. I just know that right now would be a good place to sell, rather than buy.
EDIT2: No, it is too risky to sell anymore. Up, up, UP!!
Thank u rpietila for being always honest and not sticking to one opinion, you turn bull and turn bear when required this is why you own 10,000BTC+ and we the peasants don't have so much, truly a successful person i must say.
I said yesterday that the current run up was way too quick and too strong, imo it is the chinese playing art-of-war, Bitcoin has become a Chinese dominant market and they are extending this whole thing and made it like a casino
A proper bottom means the price would stabilize for a bit in like $400-$500 range, i remember in april bubble we sticked around $70-$100 range for a while, that was a proper bottom/capitulation. I also remember when gold peaks at $1900, everytime a sharp drop happend, it went up pretty quick and ppl said it's the bottom but look where it went down to.
i predict we will go down again at EXACTLY on the 16th of March, i have strong TA research to back this up with a pro-trader. All i can say is wait till 16th of March and see for yourself and check back on my post!
