If it turns around I would start worrying after it passes 550
I have a question to the bears. If the price does in fact go the other way at what level will you start buying back? At what level will you panik buy?
so everything lower 550 would be just a bulltrap for you?
i think that will be the problem for the bears, as soon as the green volume bars start to be larger than the red volume bars, it could be the reversal or only a bull trap.
I don't expect a V reversal. I am waiting for it to get errie quiet after everyone has capitulated and exhausted their fiat capital.
I expect a long U reversal.
Well we have a U forming.
I don't see enough capitulation yet. Risto needs to buy too high first.
I am not certain. I just don't see any reason the bottom should be here. Why? What happened to make it a bottom?
Recent sentiment isn't exhausted yet. It is just getting started. Most don't even understand the tax implication issue yet.
Fair enough. About the tax situation at least in Sweden I know the Swedish IRS won't be going after bitcoin purchases. Bitcoin exchange transfers however will be a different ball game but that's not strange. I personally think you are too fearing of taxes and the government agencies collecting them. Even with an economic collapse a la Armstrong (which I'm counting on as well) there will not be a crusade to tax bitcoin purchases on orderly purchases, imo.