Quote from: JimboToronto on October 25, 2016, 04:27:05 PM

Good AM Bitcoinland.

Still in the $650s at Bitcoinaverage... $658 to be precise.

Looks like we're back in sideways mode again.

I'm not sure Jim, regarding your assessment of "back to sideways."

Surely, we have some low volume trading in recent weeks, but we gotta look at this price movement in context... The reality of the matter is that a couple of weeks ago we were floating sideways in the lower $600s, and we got a decent upwards pump (on low volume) that little by little (over the span of the past couple of weeks) brought us into the lower $650s-ish. At the moment, I am considering this upwards price movement to have been about a 7%, as I type.

This recent move has all occurred on relatively low trade volume and without any meaningful correction...

Accordingly, I am not sure if we can really go sideways in a stable way from this point, and in that regard, I am not really sure about whether we are going up or down, but the price pressures, at the moment, seem to be upwards, even continuing to consider the past 48 hours.

I'm not saying that you are wrong about sideways, that is for sure, because anything is possible, but at this point, sideways seems a bit less likely than other possible scenarios.. especially given the actual context of where we are at, no? Maybe we could put sideways at less than a 20% chance? Surely, I am speculating.. but we got some dynamics going on and some attention going on, and there is potentially some building up pressures and considerations by various movers and shakers about potentially employing a strategy, either to attempt to pump or dump this (timing of this? Huh

anyone?)