Let's check the chart and VOTE

[natewelt]

This will most likely go the red way.

Could you give us some more detail as to why you feel that way? I understand we are all guessing here, but it's better to have at least some reason to believe in a particular direction.

Or you can just hope and wish your way there....

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[natewelt]

Chart update.

We have held roughly 371-393 for over 24 hours now and also posted a nice little 1D green candle. These developments should help give bullish investors confidence to buy around these levels. After all, their chances of getting burned are much lower than a couple days ago according to the charts. We have not seen sharp upward movement develop yet, but we have stopped going down which is positive.

I've updated the chart to show what I view as the two most likely scenarios over the next few days. IMO $400 is a level that if breached should scare the hell out of bears.



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[spiderbrain]

I'm awful at trading and barely know what a Fibonacci squiggly line is, but surely dipping below it means something.

Spoken like a pro

[koryu]

I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.

[GermanFoobla]

Red is a likely scenario. I truly think if the bears get the price to 360 and lower we go back to 250 or lower.

[ssmc2]

I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.

Agreed. We're going up or down soon. And it's looking more and more likely that up is on the horizon. Should have a final blow out wave to 6-700 then the real mini-bubble pop which could take us back down to 350-500 levels for a couple months.

[natewelt]

I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.

I agree with you. I didn't put much thought into the dates at the bottom just wanted to show my ideas for a general trend.

At this very moment with China at about 2588, it appears that a break above 2600 is imminent which could cause a nice ramp over the next few hours.

[ajareselde]

I would be happy either way, red or green. I have some coins that i am looking to re-buy and also batches that i would sell if it goes over, so either way works for me.
Talking about the most probable, i would say >400 within 48 hours, and stabilization just under 500. But i aint that good at speculations, so use your own judgement when trading.

[natewelt]

New chart. Huobi version...

Anyone's guess where we go from here. It seems like we are just going to have to sit and wait for 2700+ or sub 2300.

I'm going to close the voting now and I will put up another poll at a later date with a new chart.


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