Post
Topic
Board Speculation
Re: Why sell now?
by
dothebeats
on 25/10/2015, 09:00:48 UTC
It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.
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.

Pretty much nailed. it

We should be closing in on $300 in the next few days, so we'll see if this prediction holds up or not.

A few days of rise doesn't determine a 7-month movement up until the halving. Could be some whales trying to take up profits based on hype with the recent news and not organic market movement.