400 held!!!!! That means I don't have to close my short...yet.
Actually watching a wall on the wall observer thread. Whoooda thunk it?
The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.
Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.
Actually watching a wall on the wall observer thread. Whoooda thunk it?
The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.
Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.
It's not over yet. Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already? Strange.
Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days. I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.
It briefly dipped back below 2700 CNY then went back up over it. The $400 and 2700 CNY prices are the crucial barriers today. There's been a retrace from ~2730 CNY and now it might pump back up again provided it can get past all the Chinese ask walls. Perhaps the second and third classic blocks will do the trick.
This pump has been a fairly slow and steady movement up from $380 to $400, and we could experience a few more days of this kind of slow upward movement. I don't really know, but I am just saying that it is possible, and I am not sure about the reason(s) why except likely we are just moving back into the lower $400s after spending weeks in the post Mike Hearn etc shenanigans... and maybe the btc market is kind of figuring out that the mike hearn shenanigans was a bit of bullshit hype and overblown?
