Quote from: rpietila on April 05, 2015, 02:58:58 PM

Quote from: rpietila on December 31, 2014, 11:50:56 AM

My observations:

1. The rise was with a higher volume than the corresponding fall.

Conclusion: the buyers were the suckers (short-term at least). Despite seemingly no resistance for the rise, there has been even less resistance for the fall.

2. Price is right, volume could be faked, walls can be anything.

The old wisdom is that only a trade that is registered for you, means anything. All else could be smoke and mirrors. And often is.

3. My realistic (trying to be as little wishful as possible) estimate of the short-term (30 days) bottoming:

* 30% - a new low is reached below 00091
* 40% - double bottom formed in 00100 area as a long process
* 30% - the bottom is higher (00110-00133) and then turns up (uptrend in force and this being only a Fib correction)

4. My realistic (trying not to forget the positive black swans) estimate of the medium-term (90 days) upside:

* 10% - return to the trading range of 00350 or higher
* 20% - going over 00200 and staying there
* 40% - staying above 00100
* 30% - downtrend continuing below 00100, incl coin abandoned etc. cases

We are in the high range of my year-end predictions. Cheers! Grin

Nicely done!

av123

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