Give me a sign!!!!!
OH? That's the sign?
Should I sell now in order to be ahead of the game?
Even with that charting of a breaking down in China, I am only slightly bearish for the next 3% break out... maybe 52.75% betting on down...
The mid $420s resistance has been proving a bit more formidable than I had expected, and possibly could be a few more weeks to get passed that point.
I do understand that when we are suffering from overall relative low volume, that leaves quite a bit of control to manipulators.. and it seems that bears tend to push their agenda a bit more in the low volume scenarios... and recently no one seems to getting too excited about possibilities of getting left behind.
Despite the worsening market indicators, price has been more resilient than I expected.
Two months ago, similar indicator crossings resulted in large drops. Now I am trying to figure out how much slower the current market is moving.
Don't fight it, Tzupy.
I recall earlier that you had recognized an overall uptrend, so even if we are having a large number of downward price pressures, there is only so much that the price can be pushed down when the overall trend remains up.
I am not fighting the market... Since it became obvious that the crash window was missed, I closed my short.
Am not going long yet, I seriously doubt the bulls can pump to 450+ (480 would be right) to keep the upward channel viable.
I currently believe the bulls will try to build the new higher high and will fail, and then the panic selling will begin.
Even if they will succeed, there will be a correction afterwards to get back in, at maybe 5-10% higher than current price, so I won't miss much.
Actually, this seems to be a pretty fair assessment of our current state of affairs in bitcoinlandia.
Unless, we get some kind of positive news concerning resolution of the blocksize limit mythology or some other world currency / finance calamity, there does not seem to be enough umph in the system to carry prices passed certain resistance points, which one of the upper-most one of them seems to be around $467. Actually, you also seem to be correct that if BTC prices were to get into the $480-ish territory (and maybe even $470s would be enough), then that kind of happening could actually cause enough psychological momentum to propel prices into the $500s----- and if we get into the $500s, then likely we are well on our way to the $650 territory....
Actually, I place the odds of getting into the $500s, hence passed $470, in the next three months to be in the below 20% arena... absent some surprise ubber bullish news developments (which don't seem too likely at the moment - that's probably why such would be a surprise.. hahahahahaha)..