Quote from: gentlemand on October 24, 2015, 11:40:28 PM

Quote from: GermanGiant on October 24, 2015, 09:39:22 PM

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

That's definitely the case until it suddenly is not.

I'm not saying that it's happening now, but people who bet the house on that cycle will eventually get wiped out if it goes beyond it in either direction.

Yeah, I've seen this with traders in other markets. They trade this pattern and make modest consistent gains for some period of time until one big wipe out in the end when the price finally breaks out.