We just tested $333.33 on Stamp
Strong rebound or more sliding tonight?
I don't know about time period specific predictions, but the best predictive indicator is order book volume. I've been using this as an indicator in both stocks and bitcoin with much success.
The bid support on a downward trend or the ask support on an upward trend both indicate support levels for price. The formula of volume on the bid vs. ask based on MACD and RSI indicators will pretty much give you the exact price range and predict the movement. It's a piece of cake really.
Mark my post, we will see $320 within the week. If we happen to go back up, we'll see $345-$355 at most, $360 if we're lucky. Give or take a few dollars, but $300 level is not far off, and as I've said before, we will test $275 within the next month or so.
Buy when people panic, sell when they get comfortable hoping for the next moon visit.
Overall, the way the prices are moving lately seem highly suspect/manipulated, IMO. Not manipulated in the sense that there's some conspiracy theory, but in the sense that there are major players getting involved, or early adopters cashing out, or pretending to. While we do need to consolidate from last year's meteoric rise, the drops seem too calculated, almost like the washing out of weak hands.
Thanks for that!
We'll see within a week then to test your orderbook-based prediction.
I buy everyday so would need to place limit order for that daily MACD/RSI range but need them to lock-in. Tend to just buy very close to market price each time, but if your method works for predicting 1-6Hr movement, then I would be prepared to wait and look closer at your method
