Post
Topic
Board Speculation
Re: I fear - BTC is set for another downturn
by
WackyWilly
on 06/05/2013, 19:01:11 UTC
I don't know what you are talking about.
The volume does not look any different than normal.
And you have offered no evidence that the price is going to drop other than voodoo TA BS.
The price is going to $150 by the end of next week at the latest because of the news from China.

The China news has been out since May 3rd (CCTV broadcast). I, too, think that -in the end- a China participation will be beneficial. Yet, I look at the market itself instead of hyping TV stuff. It should be noticeable in the market. The market is up since May 3rd, hitting resistance. On low volume.

The fact you call tech analysis BS is up to you. Voodoo I leave up to others.
But obviously, this isn't for you. Let's be polite and leave it at "everyone is entitled to his/her own reading of reality", shall we?