Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
WillyBTC
on 25/08/2014, 07:08:41 UTC
Quote from: BTCfan1 on August 25, 2014, 07:07:14 AM
Quote from: solex on August 25, 2014, 12:57:51 AM
Quote from: adamstgBit on August 25, 2014, 12:44:58 AM
ah dang TA says sell all now b4 it crashes 1/2 a percent.  Tongue

Wait for a retest of $530. If it does that, then back to $600+ we go.
If no retest, then a few weeks plumbing the depths of $400 is in store...

this sounds pretty reasonable, but i dont think it will dip past 440-450

Hard to say. The weekly chart is really, really scary looking. I hope momentum turns around. For the short term, it looks to me like we had a failed upside breakout, so down is likely coming. I'm looking at $470-480 short term, but longer term, it could get much worse.