InfiniteCoin has firmly taken the lead, followed by EcoCoin and SecrureCoin !
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So the price movement has "passed the test", and will soon resume to climb upwards ?
I though that if a support is broken the price will then rest on the support below that, until the next rally where that support tends to function as resisitance.
But I feel a little bit like a kindergarten teacher talking to a Doctor in physics.
EDIT you ninja posted me, notme. Thanks for the explanation.
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these dumps are showing us that support is high.
Could you explain ?
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$174 Tuesday, September 17, 2013
Hahah that seems so random. The recent drop in price has allowed it to move up higher ?
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Pretty big drop in price the last hour. Does the target stand ?
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Not a proper "leverage", but I took a loan in bank & bought at $75. So far it was very profitable No, that's leverage too. May I enquire as to the size of the mentioned loan ?
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If the avarage volume of the last 5 days would be double, what would that do to the reversal date ? Push it away and raise the price ?
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I've entered a leveraged long position for BTC just a couple of days ago. $1000. 4.4x leverage. A climb to $166 will net me $500. A drop to $120 will wipe out my position. Yes, gambling is stupid but boy is it fun
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What we see in on the long term chart of BTC are recurring, very large rallies follow by large corrections. It's said to be normal for every new big rally to reach around double the height of the previous one. Since we reached $260 last time, over $500 should be expected with the next rally. $1000 is the one after that.
Now for when ? I belive we're almost recovered of the latest correction and the next big rally is coming soon. Maybe in one or two months ? The rally after that one, 5-6 months later ? So i guess I'm calling it : $1000 BTC in spring 2014
I'm pulling these numbers out of my ass, of course, but I think they're not unreasonable or overly fatastic.
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Very interesting, chodpa. thanks for sharing.
So If I follow your theory ; a sustained price development has to be supported with volume. I guess your indicators warn of a point where buying pressure no longer can maintain the current price level and a ( perhaps temporary ) drop in price has to occur. Is this correct ?
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Send me a PM if the relaunch works out and you guys are ready for PhenixEx.
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Wow, InfiniteCoin is getting loads of vote suddenly.
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Congratulations folks !
QRK is now tradeable on PhenixEx.
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ADT has been added to PhenixEx ! Congrats !
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New coins will be launched soon. The race for the next round of new coins has already begun ; vote for your coin if you want it on PhenixEx ASAP !
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CGB isn't in the poll? It's already out of the poll because it won in the second round. iamatrix is in the process of adding it now.
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add fiat please, USD, EUR, CAD.
Working on it ! Soon
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