We already had a correction from 680 to 630... Now I think prices can go to 700s in the next 1-2 weeks.
Yup, we eventually did have our correction. But only a 23% Fib ratio correction. That isn't very much. I was sitting babysitting my position when it hit $620 the otherday as well, but that wasn't a good enough correction for me, so $660 it was and that will be me out of trying to trade Bitcoins for the next little while since my recent attempts have served as nothing but a means of profit minimisation.
Prices could go easily go higher than $700 in 1-2 weeks.
I said $700s....meaning $700 to $799.
I think using traditional technical analysis works even less on bitcoin market because the market is shallow and also there are blocks being mined all the time. I love trading and technical analysis but I don't think this is the market for that.
I think the best strategy is just load up as much as we can and hold it. The days of sub-$1000 prices are numbered.