Quote from: pontikis13 on November 03, 2015, 12:51:16 AM

Actually I'm more interested in your thoughts in general. Even if they are simply along the lines of "let's wait and see". I'm of the opinion that since the scaling issue hasn't been resolved, this is probably a pre auction pump that will get dumped soon. So I don't think we can go much higher than this. Do you think it will be a slow downtrend from here? Do you believe we will be revisiting near 200$ price? On the other hand how far up do you think this rally can go? And finally would it be a good idea to buy a small portion of coins as a hedge just in case of a lift off or do you think that's not worth it?

I don't think it's a pre auction pump - simply too much volume. But either way the rate of ascent doesn't look too sustainable. But considering that we are dealing with Bitcoin here it is perfectly normal at the same time.. Cheesy

So l just put my prediction here:

1. Quick rise into the $400-450 range.
2. Quick drop into the $300-350 range.
3. Several weeks of sideways movement.

micheline

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