Post
Topic
Board Speculation
Re: Time to go back up guys!!
by
MatTheCat
on 21/02/2014, 01:53:15 UTC
How do you arrive at $380 as the next support level? curious.

Look right along the chart and look for the next pivotal price point, where Bitcoin has crashed hard down to, before responding voraciously upwards on large volume.

The hour of trading where Bitcoin hit $382 in Dec 17th on Bitstamp is the all time record volume for 1hr trading on Bitstamp.

Probably, Bitcoin will bounce back before this range is reached, but we will be in no-mans land from a TA point of view with a still very weak bearish market with a shit storm of FUD surrounding it.