POLL: Will you buy in next dead cat bounce if there would be one?
People have already prepared for $3xx and $2xx
Although some people refused to face the actually downfall of bitcoin at few weeks ago,
however today more and more people finally start to realize that bitcoin is going to nowhere but down, some are prepared for $300 and $200 and $100
If BTC can go back from $1200 to $450 , then anything could be expected.
there were some dead cat bounces before, like these two below
$48x to $530 to $46x from 16/08/2014 to 19/08/2014 $49x to $525 to $47x from $24/08/2014 to 02/09/2014
more dead cat bounces could happen, for example: $300 -> $370 -> $200 or $200 -> $260 -> $160
even one more $470 - $520 - $410 is possible but do remember this: bitcoin is going to the final capitulation step by step, Never buy in fake recovers unless you want to do day trades (very risky)
You have been warned since $680 !
https://bitcointalk.org/index.php?topic=758244 $476
https://bitcointalk.org/index.php?topic=713671 $510
https://bitcointalk.org/index.php?topic=698224 $580
https://bitcointalk.org/index.php?topic=665200 $590
https://bitcointalk.org/index.php?topic=650517 $600
https://bitcointalk.org/index.php?topic=649261 $620
Although some people refused to face the actually downfall of bitcoin at few weeks ago,
however today more and more people finally start to realize that bitcoin is going to nowhere but down, some are prepared for $300 and $200 and $100
Sentiment is low, the market is sluggish. Need to see if around 475/440 holds. I think we may see $440 in the next week.
I tend to agree that sub $400 is possible but think we may not stay there for long
Trend presently certainly downwards
Trend presently certainly downwards
Wouldn't be surprised if BTC goes down to $250.
Or it might hit a painful sub 100 and stay there for years. not out of the realm of possibilities.
After the rise to 680$ I wouldn't have ever imagined that we could face a downtrend.
If BTC can go back from $1200 to $450 , then anything could be expected.
"2014 - the year of bitcoin"
there were some dead cat bounces before, like these two below
$48x to $530 to $46x from 16/08/2014 to 19/08/2014 $49x to $525 to $47x from $24/08/2014 to 02/09/2014
more dead cat bounces could happen, for example: $300 -> $370 -> $200 or $200 -> $260 -> $160
even one more $470 - $520 - $410 is possible but do remember this: bitcoin is going to the final capitulation step by step, Never buy in fake recovers unless you want to do day trades (very risky)
You have been warned since $680 !
https://bitcointalk.org/index.php?topic=758244 $476
https://bitcointalk.org/index.php?topic=713671 $510
https://bitcointalk.org/index.php?topic=698224 $580
https://bitcointalk.org/index.php?topic=665200 $590
https://bitcointalk.org/index.php?topic=650517 $600
https://bitcointalk.org/index.php?topic=649261 $620