Quote from: JMD07 on March 14, 2018, 01:30:40 PM

we hope that it will break that barrier at $12K as we need more new buyers to join us or some good news about bitcoin to start a bull run.

Hope... It's not worth anything in a speculative market. Currently, the range has fallen below the average $10,000 line, which means that if we don't see it change soon, the range will only sink deeper and deeper. In a market where people use the all time high of last year as benchmak, the sentiment is severely dependent on how the market manages to find its way up to +$10,000 levels again. My predition is that from where we stand at right now, there is a 50% chance of going back to over $10,000 again, and a 50% chance that we will fall to $7000-$7500. It's all impulses that will stipple the direction of the market in current market.

Quote from: 1Referee on March 08, 2018, 09:17:53 PM

I have pointed out several times now that $9000 is the main level to focus on in current times. As long as that level holds its position, the market will keep bumping up to above $10,000 levels. In case we happen to break through $9000 this week, which is not something I see happen, but still, if it does, I am fairly certain that we will see a decline all the way till lower $8000's, and perhaps slightly below that. It would clearly indicate the lack of short term demand, probably due to there not being any events or happenings to focus on. $8999 would mean for me that it's time to liquidate some of my short term positions, and to re-enter lower. Time will tell what's going to happen.

I usually don't quote myself, but I still stand firm, and have not bought back.