Quote from: WiiD on June 19, 2017, 01:46:39 AM

Quote from: JayJuanGee on June 18, 2017, 09:38:30 PM

Quote from: quarternions on June 18, 2017, 09:01:29 PM

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem to be about in the middle of a price range of $2300 to $2650. We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

The essence of your post:
"Guys, either it will go up or it will go down. If that does not happen, it will stay the same."

You are the best oracle I've ever seen, your predictions must be like 100% true.

Generally, I don't predict or attempt to predict short term BTC price directions.

Of course, my style has evolved a bit over the years, but frequently what I do is discuss price directions, dynamics and momentum and attempt to give probabilities to directions. You as a reader are free to reach whatever conclusion that you believe is appropriate and to weigh your own probabilities - whether you personally find my discussion to be helpful or not...

For example a few days ago, I was more inclined towards down; however, when the price recovered fairly quickly above $2500 and pretty much well above $2500, I began to conclude that the odds of up are becoming more likely.

In both cases, I have been disinclined to give very high odds to sideways because we seem to be getting too much volume and too much disagreement about price.

Sure, in the end, any of the three can happen - but on a day to day basis the odds can change and one direction can become more probable than another based on passage of events - on the other hand, there can be a kind of ongoing existing buying pressure that allows HODLRs to feel somewhat comfortable about the odds against the price going down very much and even a very decent longer term likelihood that we are continuing up - even though in the shorter term we might not go directly up.