we are going sideways way longer than expected. I was bullish all the way up since 200. But for now price is in control of arbitrage and short-term traders. We had a lot of good news and I expected we would go at least to 600 in this run. I am not so sure anymore tbh. Seems like new money is too scared to buy in after the race to 500. Still holding my coins but watch carefully.
Most interesting thing happening is that the premium between exchanges is decreasing. It looks like some people take advantage of arbitrage trading mainly between btc-e and okcoin. Also ltc arbitrage is in the house, ltc longs on okcoin got killed in a sick move. this should scare the shit out of short term traders.
That is really good news for those who are still holding their coins i am also expecting $600 will be achievable with this next bubble so when can expect $1000 or even more than before end of this year is that possible?