Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Searing
on 26/10/2014, 02:11:20 UTC
must resist urge to buy.

I don't see any reason for it to stop dropping  ...even down to the $150 usd or so mark my somewhat 'lame' reasoning below....

assuming that bitcoin is actually following this type of action/chart below




again if the above is correct and this bubble (if I remember correctly) started last oct 2013 (I got my knc Jupiter 550gh on oct 18th BTC was $150 usd)

then again if the above chart has any merit...it will go BACK to about $150 usd ...before HOPEFULLY it rebounds or not (ie dead cat bounce and such)

right now ...it looks to me like it is following the above down the line...so imho (not that I know squat) $150 usd looks possible

HOPEFULLY $150 usd would light a fire under everyone and BTC would rebound ...maybe even likely into a bubble again....(hey a person can hope)