So what do you all wise men think, how bad is it looking now? Seems like Stamp bottomed 530 for the third time now. Is this something we can see as a positive thing? Triple bottom at 530? Atleast it looks like the charts have really been glowing red for some weeks now so maybe we can start hoping for a better tomorrow soon? I guess Gox is starting to be irrelevant and we might be able to move on soon?
the bottom we are looking for will come slowly and miserably over days if not weeks. we are only hours into a fresh medium term down trend, give it some time, it will likely pass through 500 and into 450. the squeeze has only just begun, 600 was not desperate territory. 500 is getting serious. only between 200-400 will the weak be relieved of their stash.