Quote from: ynef on November 10, 2015, 10:22:15 PM

Quote from: BitofaN1 on November 10, 2015, 10:20:14 PM

If we look at 1day MACD indicator wich just turned red today, we can guesstimate that there's plenty of room to fall, unfortunately.Considering that monday-tuesday is usually when new fiat hits exchanges, and we've seen 0 upwards buying pressure, we can also assume this week will be particularly tuogh on the hodlers.

My thoughts exactly.

I don't think that any of us really knows for sure about how the rest of the week is going to play out because, we do not know for sure about the amount of fiat that is available or whether the bears have exhausted the bulls.

It does seem to be fairly apparent that the bears were holding more coins than a lot of us had anticipated them to have to be able to dump... and accordingly, we cannot be sure whether they are done dumping yet or if they want to dump some more.

There could be considerable profits to allow this thing to return to the upper $300s before resuming the dumping efforts.