I see we are going up again. PBOC together with OKCoin and Huobi will have to do something more to dump the price mmore than this. This is totally a trench warfare now. Only the strongest survive
$970 by the way
i have a strange feeling something will do indeed and is on the horizon i don't like the charts this moment... this up bounce is not strong
What is your "strange feeling?"
What level of probabilities do you assign to up or down?
When you say that you are more inclined for down, are you influenced by your short (or your having had sold) in your opinion?
I try to place my bets in both directions in order that I am neutral about either direction and to just judge the probabilities based on realities of the situation (rather than wishes or rather than positions that I may have taken), and it seems that there is a bit of tension to go up from here.. at least a bit of a upward bounce in the short term, no?
I mean we already experienced a considerable and intense increased volume attempting to push prices down. Remember there where tens of thousands of coins dumped in a very short period of time in order to attempt to get prices to go down. There were more than 13k coins dumped on Stamp alone in about 2 hours, and those attempts to dump and to drive prices down have only been so successful. They have run into buying support and inabilities to get the prices to go lower, no? , and there is a bit of pressure to go back up.. that is the sense that i am getting at the current time, as I type....
So maybe as I type I would place additional downwards at less likely than upwards.. maybe 45% or less for downwards, and 55% or more for upwards.. at least the short term. the next 1 to 3% of a price move in either direction.. of course further out, we may have a bit of a different dynamic that develops and we have to keep our ear to the situation (and yeah, we don't know if dumpers still have some coins in reserve that they are ready and willing to dump at these levels and based on current dynamics, even though it kind of seems that they may have used up a lot of their coins already, no?)