Major support/resistance which will hit first ?

[Grant]

Hello speculatificators

I've been off from bitcoin trading for a while, but the current situation seems to offer a rather unique trading opportunity.

I have studied the charts and fundamentals a lot lately, and in the end i can't make up my own mind. I believe the likelyhood of both is 50/50, what do you think ?

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[vokain]

too many people want cheap coins vs a lot of people might want to buy bitcoins because of their looming popularity?

[Vandroiy]

Well, if you think they're roughly equally likely and roughly equally far off, then where do you see a trading opportunity?

(13.1+7.2)/2 = 10.15, so if you mean it exactly that way it would suggest selling.

IMO, another drop is more likely. 7.2 is >30% down though, that's rather low. Hard to tell what might happen on the way there.

[adamstgBit]

its time to start buying  
I'd buy now and HOPE to buy more lower

[Yuhfhrh]

its time to start buying  
I'd buy now and HOPE to buy more lower

http://www.youtube.com/watch?v=Lzl5t1Sracc&t=0m40s

[Yuhfhrh]

Also, here are some key support/resistance levels for the past 10 days:

[mobodick]

It will never hit 7.20 .. ever again., 

[Spekulatius]

It will never hit 7.20 .. ever again., 

[mobodick]

It will never hit 7.20 .. ever again., 

Yeah yeah, i know.
Let's just say i expect that something cataclysmic must happen before price will drop below this.

[Grant]

Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest.

[adamstgBit]

Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest.

lol nice

[mobodick]

Thanks guys, i "traded the poll" (rounded up)... sold 30% of my bitcoins and kept the rest.

You may want to wait a bit longer.
I'd say it will go down a bit more before it goes up again.