Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: sumantso on December 11, 2013, 08:23:02 PM

Quote from: Nemo1024 on December 11, 2013, 06:55:29 PM

Let's see what my next move is.... I'll hold fiat with a "lower than sell" buy order for a couple of days (yeah, I know, boring).

You say that now, but you are gonna buy back in before the day is over Tongue

Seriously, though, its a good strategy. IMO its going down now; you just have to be patient. How low? very difficult to say of course, but 700 is easy, maybe even 600, 500 if panic grips.

If we break the previous low, lower than 500, I'd say. But it's too early to get a good feeling. We haven't yet firmly established the downtrend.