Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be
above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor.
Based on what TA? This is what I see...
The year long downward trend-line from Nov 2013 peak was breached on Nov 13th 2014. The bottom of $275 on October 5th 2014 followed by the next bottom of $315 on Nov 1st created a new upward trend-line that has not been breached. The extreme low of that trend-line is currently at $360. Whenever we get close there is massive resistance. So what makes you think it's anything other than bullish?
I am open to the idea there is a small chance there could be a monumental bearish push, that it could in the right conditions hit $360. But if it happens (and that's a big if) it will be followed by a huge rally to well above $450 and more likely above $470. It's happening sooner or later...
