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Title: Nov. 6th will be interesting Post by: windjc on November 06, 2013, 07:25:50 AM Tomorrow (today for most of you) will be interesting.
For two straight days tremendous amounts of money have hit the market around 8-10am EST. Along with it, the market has climbed over $45 in those two days. Now we reached an ATH on Gox but not in China and not on Bitstamp. I doubt quite as much money will hit the market on Wednesday, although I could be wrong. I also suspect that for a lot of on the fence sellers the fact that we hit the ATH on Gox is enough to sell if prompted. That being said, I find it hard not to believe that Bitstamp will not test the ATH ($259) if fresh money hits the exchanges. It will be real interesting to see if we have a decent correction, if we break through to blue skies or if we trade in a tight range on Nov. 6th. I am curious to see what happens. Title: Re: Nov. 6th will be interesting Post by: Tzupy on November 06, 2013, 07:43:43 AM The 7th November might be even more interesting, if we reach the peak today and then crash very hard. ;)
Title: Re: Nov. 6th will be interesting Post by: balanghai on November 06, 2013, 08:48:25 AM Or if no crash today, it will spike at $300.
Title: Re: Nov. 6th will be interesting Post by: wobber on November 07, 2013, 12:17:50 AM So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop.
Title: Re: Nov. 6th will be interesting Post by: windjc on November 07, 2013, 12:21:47 AM So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop. I tend to agree. Why 320 though? Title: Re: Nov. 6th will be interesting Post by: wobber on November 07, 2013, 12:24:23 AM So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop. I tend to agree. Why 320 though? I find a top at 300 to be very unlikely, too close of 266 or 272. I just made it out, but it could be 340-360. I am not sure we can go to 400 soon. Title: Re: Nov. 6th will be interesting Post by: Ghost of USD on November 07, 2013, 12:36:18 AM 320 USD also equals 2000 CNY
Title: Re: Nov. 6th will be interesting Post by: Zangelbert Bingledack on November 07, 2013, 10:58:01 AM 320 USD also equals 2000 CNY It really seems China is calling the shots. Good. This should be explosive, like some dynamite Sichuan dish. |