Quote from: K~Ehleyr on January 20, 2017, 03:49:41 PM

Quote from: JayJuanGee on January 20, 2017, 03:33:19 PM

Quote from: K~Ehleyr on January 20, 2017, 11:46:53 AM

Just when I think the price has stabilised for a while, we get another little downward bump. It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!! Grin

I am not sure what you mean by stablized?

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible. I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...

Sorry, I know the price is liable to leap in either direction at any time, and thanks to the recent bounces I now feel well suited-up for a plunge as well as fuelled up to fly - whichever happens first. I really just meant that it looked as though it had settled, as in found a lull, long enough for me to be able to take my eyes off it for half an hour without coming back to a surprise! Instead I checked back after watching a telly program to yet another surprise. Well, not really a surprise, of course, but when I guessed the price before I looked I was wrong Tongue

Fair enough..... because sometimes, like you suggest, we might see what seems to be fake outs in one direction or another.. but then in the past few days, we kind of seem to be stuck in a $880 to $915 price arena.. but even that could narrow a bit.. or we could end up breaking out sooner than expected..

In any event, it can be a bit difficult, sometimes, to know whether we have actually meaningfully broken in one direction or another or is the current range gonna hold for a bit of time, whether that time is sufficient enough to get some sleep or enough to take a break from watching the charts for a few days.