Quote from: uki on November 01, 2015, 03:49:06 PM

Quote from: Q7 on October 31, 2015, 03:11:24 PM

Quote from: isvicre on October 31, 2015, 02:57:09 PM

In current circumstance everything seems great but it is still better to be cautious.
I was planning to buy some but this sudden rise made me worried for bigger drop.

I would thread cautiously as well. The best indicator should be coming during the few weeks ahead which should give us a signal whether this increase will be sustainable. It will give us a hint on the direction that it is moving towards. If it continues to go up, we should see a breakthrough that will bring us to a new high and support level.

That is also my opinion. In order to have a sustainable and a long-term rise you need to cool down the TA indicators. As long as the correction does not exceed 20% that is fine, and that is much better than a continuous rise without stops. In that latter case, after a sudden rise there is usually a sudden drop, which may be good for day-trading but is not good if you look in a longer time-perspective.

Correct the same pattern will arise (back to 220-2240 usd), which would be terrible for the simple fact investors and holders can't maintain any uprise.