Quote from: shmadz on December 23, 2013, 11:42:40 PM

Quote from: invisiblehand on December 23, 2013, 10:42:15 PM

What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down

I'm not a pro trader, but to me it looks like we just broke some kind of minor resistance at 700 and I expect we should come back and test 700 as support. If we bounce off to the upside, we could see a significant move higher. If we fall back through, then it was just a failed move.

Unfortunate that you were not able to get your fiat in during the dip on Dec 18, and it's impossible to predict what will happen next, but around the 750 level seems to be significant support/resistance and if we break through that to the upside, then I think the train is back on track Grin

(*edit: now fighting between 730 and 710, starting to smell like bull trap

2nd edit, now seriously testing a 710 support, I'm expecting that the price will eventually go through that floor and next support = Huh

LOOK OUT BELOW!

lol

Outofservice has been waiting for this moment. He saved half his btc to sell high. OutofService is excited to buy Cheap coins!