Quote from: 1Referee on June 28, 2017, 02:41:35 PM

Quote from: rhyso on June 28, 2017, 02:24:17 PM

if it punches through $2600 in the next 24 hours then we might be in for a suprise

Not really. If you look at how the market has been performing lately, you'll notice how repetitive the patterns are. It will continue to bounce up and down below the $3000 level, as long as there isn't any sort of good news coming regarding the activation of SW2X. Till that time no one should expect fireworks. If you're holding, just keep waiting, and if you're a trader, then use these ups and downs in your advantage. There isn't much more that you can do.

Agreed, floor seems to be at $2400ish, as soon as it goes below that, just a few dollars, people start buying in and the price recovers fairly quickly to stablilize at $2400-$2600. And then people seem to buy in even more, pumping the price up to $2700-$2900, which is probably the roof for now.

If you can buy in at that low of $2400 when everyone is panicking and sell at the high of $2900 when everyone goes crazy buying, you're looking at a $500 profit per trade here. And this opportunity has presented itself at least 2-3 times during the past few weeks.

The UASF will probably disrupt this pattern though, depending on how successful it is, bitcoin could end up in a mess, or just shoot up over the roof. $10k? Not an issue if bitcoin stays in one piece and scales somewhat through SW.