Bitcoin Forum

Economy => Speculation => Topic started by: Cryptoalerts.net on November 07, 2014, 12:26:10 PM



Title: Price has Confirmed a Throwback | 1HR Time Interval
Post by: Cryptoalerts.net on November 07, 2014, 12:26:10 PM
Quick Update:

Temp 1HR Support at $341 Must Hold

Resistance at $348.

https://i.imgur.com/wPo7evd.jpg


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Title: Re: Price has Confirmed a Throwback | 1HR Time Interval
Post by: wobber on November 07, 2014, 01:07:39 PM
I bet we're going to break 330 in a few hours like it happened all the time!


Title: Re: Price has Confirmed a Throwback | 1HR Time Interval
Post by: kwukduck on November 07, 2014, 01:38:31 PM
If you're looking at the charts properly you'll notice how we are heading for sub $320 within 24 hours :(

I wouldn't mind a trend reversal at this point, i feel we are rapidly losing interest from the average Joe to even consider ever using bitcoin. Option, hold fiat and lose 3-4% a year to inflation, hold bitcoin and lose 3-4% a DAY...


Title: Re: Price has Confirmed a Throwback | 1HR Time Interval
Post by: fewcoins on November 07, 2014, 01:52:14 PM
I bet we're going to break 330 in a few hours like it happened all the time!

No way bro, we won't just hold 330, if we hit 330-320 level we will bounce right back up... Yes a lot of shorters are joining the party now thinking 350 is too high but I am sure they will get squeezed as we pass 400. These slight pullbacks are needed to make a strong rally. 350 has always been an important level and right now we bounced off it, its expected. Look at the huge buys that happened around the 330 level... If we pass 330 I am sure these people will be buying a lottttt more just like everyone else who missed the $315 train