Post
Topic
Board Speculation
Re: rpietila Calling the Bottom
by
Roy Badami
on 02/09/2014, 17:52:23 UTC
I drew some lines in my purse, fundamental TA stuff and such. The analysis was disastrous: There's simply no more fiat left to be spent on Bitcoin except the tiny bit that I'm not willing to spend due to nostalgic reasons Wink

My lines on graphs tell me we won't go further down than 420, but even if we go further south, I might have several heart attacks, but no selling attacks, cause now is the time for the return of the HODLER!

It doesn't seem like we've managed to sustain any kind of rally since the 18 August low of 442, so I'm pretty much expecting a retest of 442.  Actually, I wouldn't be at all surprised if 442 doesn't hold and we have to go all the way down to retest the 11 April low of 339 - or at least come close to it.

It doesn't feel to me that we really have 'blood in the streets' yet.  Remember what it was like after the rally to 266 when in early July we were trading in the 60's?  I don't think there's anywhere near as much despair here now as their was then....