Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OldGeek
on 19/12/2013, 00:20:27 UTC
Anyone care to guess the bottom on this one?

256.375

I actually don't have as much of a clue as anyone else.  However, watching BTC-e bounce around leads me to the following conclusion:  The current pattern is a damping ringing oscillator with decreasing amplitudes and decreasing frequencies.  Thus we have more down prices coming.

I fervently wish for the bottom to get here and the next up trend get started.  Go XBT.