Quote from: fearlesscat10 on November 01, 2015, 11:21:43 AM

Quote from: grahvity on November 01, 2015, 08:42:16 AM

Buy $150 and any thing below that then HODL. Daily RSI is dangerously overbought after a 5 week rise that culminated in a parabolic spike going nearly vertical. Market makers willl do their best to shake out weak hands. $360-$400 still possible but after the auction and Black Friday.... the hard folk will be a couple short months away. Plenty of time for panic selling on chilling news.

The problem with that is that we probably won't see $150 ever again. Especially with the halving next year. There are a lot of rumors that the price will rise around that time, so I doubt a lot of people would sell before the halving occurs.

There was a similar run-up in ltc before its halving and after the fact... nobody gave a shit. A so-called buy the rumor, sell the news. The price is still the price and just a hair above $300 the RSI and other indicator are through the roof. There's always room for panic regardless of fundamentals and I wouldn't put it past the whales to loosen as many coins from traders as possible when those indicators start coming down into oversold territory.