Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits)
Sure, I smell another drop coming, but I'm not sure if lower double digits is where it will end. There would be major capitulation at sub $150. Not sure if there would be enough people willing to sell at sub $100 to drive it that far.
I love bears. We just had a massive calamitous decline with a huge volume reversal, after a never ending 13 month bear market. When the market finally turns up they predict doom. As i said yesterday we will see who are just trolls/useful idiots to the whales controlling the market and who actually follow the trend.
Those aren't bears, they are either bear cultists (permabears) or pigs.
I'm not a permabear, I'm just not convinced we have reached the bottom. Maybe it was yesterday. We'll see... No way to be sure until it's tested and retested.
As for mmitech. He's just permanegative. He loves to see things burn...
you must be new here, I am not negative... I am optimistic and bullish when the market is bullish, and pessimistic and bearish when the market is bearish, as simple as that.
BTW 1w chart is still showing a huge chance for a continuing downtrend (unless we recover to $450 in the next couple weeks)
I don't see despair yet, when it hit most of you will abandon the ship, only then I will buy back, at this point my money is safe and stable in my bank account all illegal immigrants (mexicans) now get a free 'get your money in the bank' id cards so they too can enjoy the same benefits as first class citizens (instead of being second class and left out of the benefits). first class citizen benefits: get abusively taxed, get obama-irs-scheme-cared, buy stocks @ATH's, .... buy high sell low, and get bailed-in!!