Good thing. I see now that price is not drop anymore (2 days ago support of 410$ was reached)
Any prevision about the next days?
I've been shouting about a huge cup & handle for quite some time, but none of the TA people seem to agree. It looks artificial, but that normally doesn't seem to matter to TA nerds.
Christmas profits for October to December have been taken - expect it to bounce along in the 405-430 for a few weeks until the the next messiah/scandal event hits.
Once the train is running news are excuses, but not necessary to keep the choo choo going. Unless there's some catastrophic news, like the EU, US or China(again) banning BTC, this mofo will get into orbit and beyond.
Disclaimer: I don't know what I'm talking about.yeah, but there is not too much excitement in the trade volume, recently. Trade volume hasn't dried up completely, but also, it has been going down.
I am not sure what to think exactly.
given the trade action of about the past 4 months, it seems too early to conclude that we are heading into some period of stability, as some posters seem to be suggesting, but whether the next correction (or mini correction of 5% - ish) is up or down remains a bit of a mystery.
My ventured guess at the moment is 55% probability of down and 45% probability of up.