Here is the problem with those that think this will rise after the wall is gone, all the shorts have bought from him, everyone that wanted to buy bought as well, where will the buyers or even a short squeeze come from?
extrapolating that bitcoin will rise after this wall is probably the wrong mindset to me. the only thing it proves is that we have massive resistance at $300. this would indicate that there'd be a more likely chance that it goes upwards of $300 compared to downwards. but i don't think it will be that much.
I do not understand about reading charts , can someone please tell me , what do you guys think is more possible in short-term future, bitcoi hitting 400-500+ levels or 200- levels?
It is sad to see a trend go away , every year usually people sell their bitcoins (like stocks) right before the end of the year but this time it was too soon and I think we will not have the 'every year bitcoin is getting bigger there is no down side' trend , we might get into 2015 with bitcoin worth less back when we get into 2014 :/
i'm not expert, but see above.
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