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Title: Major support/resistance which will hit first ? Post by: Grant on October 29, 2012, 05:46:59 PM Hello speculatificators :)
I've been off from bitcoin trading for a while, but the current situation seems to offer a rather unique trading opportunity. I have studied the charts and fundamentals a lot lately, and in the end i can't make up my own mind. I believe the likelyhood of both is 50/50, what do you think ? Title: Re: Major support/resistance which will hit first ? Post by: vokain on October 29, 2012, 05:54:02 PM too many people want cheap coins vs a lot of people might want to buy bitcoins because of their looming popularity?
Title: Re: Major support/resistance which will hit first ? Post by: Vandroiy on October 29, 2012, 05:56:08 PM Well, if you think they're roughly equally likely and roughly equally far off, then where do you see a trading opportunity? ???
(13.1+7.2)/2 = 10.15, so if you mean it exactly that way it would suggest selling. IMO, another drop is more likely. 7.2 is >30% down though, that's rather low. Hard to tell what might happen on the way there. Title: Re: Major support/resistance which will hit first ? Post by: adamstgBit on October 29, 2012, 06:14:55 PM its time to start buying ;)
I'd buy now and HOPE to buy more lower Title: Re: Major support/resistance which will hit first ? Post by: Yuhfhrh on October 29, 2012, 07:48:48 PM its time to start buying ;) I'd buy now and HOPE to buy more lower http://www.youtube.com/watch?v=Lzl5t1Sracc&t=0m40s (http://www.youtube.com/watch?v=Lzl5t1Sracc&t=0m40s) Title: Re: Major support/resistance which will hit first ? Post by: Yuhfhrh on October 29, 2012, 08:16:16 PM Also, here are some key support/resistance levels for the past 10 days:
https://dl.dropbox.com/u/34538839/sewfdvwer.png Title: Re: Major support/resistance which will hit first ? Post by: mobodick on October 30, 2012, 06:53:08 AM It will never hit 7.20 .. ever again., ;D
Title: Re: Major support/resistance which will hit first ? Post by: Spekulatius on October 30, 2012, 07:08:15 AM It will never hit 7.20 .. ever again., ;D Title: Re: Major support/resistance which will hit first ? Post by: mobodick on October 30, 2012, 07:13:13 AM It will never hit 7.20 .. ever again., ;D Yeah yeah, i know. Let's just say i expect that something cataclysmic must happen before price will drop below this. Title: Re: Major support/resistance which will hit first ? Post by: Grant on October 31, 2012, 07:56:35 PM Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest.
Title: Re: Major support/resistance which will hit first ? Post by: adamstgBit on October 31, 2012, 08:09:27 PM Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest. lol niceTitle: Re: Major support/resistance which will hit first ? Post by: mobodick on October 31, 2012, 08:15:17 PM Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest. You may want to wait a bit longer.I'd say it will go down a bit more before it goes up again. |
