Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Todorius
on 28/05/2014, 14:22:25 UTC
i had originally planned to sell at the 630-640 level, expecting a similar correction to what you have laid out. however, in watching the pattern formed by the 595 top last night, i think we may have topped already short term and will see this correction happen first.

yeah, it seems now that we are again trending down... This small correction, is not worth it, for me, to take risk. I have too little coins to sell...


The first Fibo support at 560 seems quite impressive, so I'm not too sure that we're trending down again.
I think a few days of sideways movement at or slightly above 560, then another push for 595, this time breaking through it with ease and pushing for 650.