Tread lightly. A lot of signals have been triggered on lower time charts, and LTC has diverged.
If Gox falls below 861 we are going a leg down. Might even be the so awaited final capitulation.
Ok. I don't suppose it will be the DIP THAT HAPPENS THIS TIME EVERY WEEK, would it?
Tomorrow there will be a weekend low and that will be the best time to buy. Next week will test new levels of resistance.
The "weekend dip" does not always happen. Not at all.
It has the last couple of weekends, the holiday weekends, which we are basically still in. I am actually a little more bullish for this weekend than the last two however.
The "weekend dip" myth has been around a long, long time.
And during the holiday it has happened. People taking advantage of low trading, skeptical about the rally, no new fiat, etc. etc. etc.
Anyway, it happened the last two weekends and it looks like it might be happening right now.
On a sample set of what, 3 or 4? Maybe a back test is in order. But I think I have seen this conversation before....