Quick TA update (at $0.481):
-
6H candle color/volume: not much volume during this week, conclusion: none/(historically: bearish)
- Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $0.040, slippage to buy: $0.043, conclusion: both sides have built up since last time
- Trendline comparison: we are now at -0.355 log units. The trendline is at $1.090 and rising $0.008 per day, conclusion: rock bottom (note: it is not necessary that 'rock bottom' will change until the parabolic uptrend starts, because the trendline is itself rising)
- Sentiment: n/a
- Prognosis: shortest term unsecure, mid-term
not sure if reversal seems confirmed, long-term buy zone
I just wanted to state that I really appritiate the fact that you have started talking in terms of mBTC as I see it as necessary in the future to speak in terms of smaller fractions of bitcoin (even though it doesn't necessarly have to be in terms of mBTC), so why not start now?
Regarding the price prediction fear is starting to build up again. Even though I like the latest green candles we need to see more of those soon, else I think we will see more red candles and panic selling comming up.