Quote from: futurebit640 on November 01, 2015, 05:12:36 AM

Quote from: Mickeyb on October 31, 2015, 10:14:06 PM

We did fall down all the way to $307 on Bitfinex. I think that everybody are in a waiting mode at the moment and people are waiting for someone to make a move with a huge sell or huge buy.

I hope we will stay above $300 though. It would be great to form a floor here!

Prices after hitting around 335 to 340 range now looks like slowly cooling down. Today prices are already less then 320 range so I think it will settle down around 300 or slightly less the 300 range for some time before moving up again. If this cooling happens then it is good for btc prices to move up again otherwise if just move one direction without correction then it may come back also very fast.

well that is definitely needed to cool down the technical indicators. As long as we do not go under $285, it should be all fine. First 'psychological' support should be seen at $300. I believe we may retest the real supports below $300 this time. That would make the recent rise very healthy, and would spare the fuel for the next leg up.