Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aminorex
on 30/06/2014, 23:57:07 UTC
Not bad at all, congrats!
Any more predictions to make you right in the future? Smiley

I'm less inclined to make an unconditional statement this time because we are _right_ around a major point of resistance, and the next days will probably decide whether we break it for good this time, or play hide and seek with it some longer.

That said, I see a good chance (say, 40%, maybe more) that we will be beyond the previous peak of $683 by July 20, which would almost certainly mean we're past $700 by July 20 by simple momentum, which very likely also means we'll get near or touch $800 by July 20, again by simple momentum once a major line of resistance is broken.

Sorry if that's not such an exciting prediction.

I'm hoping for slow and steady.  Fast enough to keep the alt market in terror of missing the run, but slow enough so that I get a couple of contract payments in the meantime.  I'll stay levered 1.1x with 45% of BTC and gradually raise XMR to fill the rest of my crypto allotment while the alt markets are in terror.

The USD smackdown is killing me though.  SPX keeps pumping on cheap dollars, which is bleeding me badly.