~415 - Break out up, or down?

[r3t4rD4life]

Up it went. Please nobody trade on my thoughts but I am thinking it could either get cold feet around 400 and crash a bit, or rally and form new support around the 410 mark. Fun times.

[uki]

True my ass-pull TA is more based on long term.
With optimism I mean no more fallllliiiiiiing clone threads. People asking if they should invest... Etc.

Well, don't worry, as you are not doing much worse than most of the TA experts. Just take it with the grain of salt.
The thing is that we reversed the down trend and once we will get the spark, the things can start moving quickly again. When it comes? Hard to tell, but as I said, I see it more probable in the spring of 2016, rather then in 2015.

[ronald98]

Up it went. Please nobody trade on my thoughts but I am thinking it could either get cold feet around 400 and crash a bit, or rally and form new support around the 410 mark. Fun times.

I notice the price has started an uptrend since the Chinese exchanges got permission to take direct bank deposits. The Chinese were partly responsible for the rally to $1100, and then their new rules helped put the brakes on. Now it's easier for them to buy Bitcoins we might be finally past the bear market of the last two years.

[Newcoins2020]

It's been going up so far. I don't mind it if it keeps going up.

[Denker]

Well at the moment it seems to go up right?!
But if you're in for long this shouldn't matter. Both directions shouldn't matter in that case.
Evertime you have affordable money left to invest, then just do it.
And when price goes up, like now, enjoy it.If it goes down, you don't care and hodl!

[mcplums]

On a scale of 1 to critical, how critical will the next 24 hours be?

Please I must know

[Zooplus]

On a scale of 1 to critical, how critical will the next 24 hours be?

Please I must know

The critical level for the next day is 1. It does not matter if the price rise or drop in the next 24 hours. Long term price trend is up.

[LuckyYOU]

It went up a bit today but also back down.
 
I'm actually hoping for it to go up and reach $400 sometime around next month.

[btcxyzzz]

Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)

"Bitcoin enabling terrorism"... Any brains in your head?

[uki]

Up it went. Please nobody trade on my thoughts but I am thinking it could either get cold feet around 400 and crash a bit, or rally and form new support around the 410 mark. Fun times.

I notice the price has started an uptrend since the Chinese exchanges got permission to take direct bank deposits. The Chinese were partly responsible for the rally to $1100, and then their new rules helped put the brakes on. Now it's easier for them to buy Bitcoins we might be finally past the bear market of the last two years.

That is one of the fundamental developments that actually fuelled the last run up to $502. To get higher we need more hands on board (more volume, however it is hard to get this data as the Chinese exchanges do not have fees - thus you can't trust volume data), or simply further developments of this kind. Also please bear in mind, that the Mt.Gox peak was achieved with the help of trading bots.

[inget]

It went up a bit today but also back down.
 
I'm actually hoping for it to go up and reach $400 sometime around next month.

I think we will reach 400 USD by next week or maybe even this week. The momentum is building up and there isn't much resistance.

Let's say how this will play out.

[r3t4rD4life]

Decent resistance at 380 but I believe it will break up to atleast 400. Question: blaze past 400 and catch people with their shorts down, or crash down to 350 maybe lower and burn all the longs put in around 380-400?

[uki]

Decent resistance at 380 but I believe it will break up to atleast 400. Question: blaze past 400 and catch people with their shorts down, or crash down to 350 maybe lower and burn all the longs put in around 380-400?

Going down from $380 to $350 is not a crash, unless you use 10x or more leverage. That is the normal volatility that is build in, in such a fresh market as Bitcoin is.
I wouldn't abuse the word crash and blaze, because you may run out of words, when a more significant move happens. Going 10% up or down in price is not the end of the world, if you really think this technology is worth investing in it.

[Wilhelm]

Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)

"Bitcoin enabling terrorism"... Any brains in your head?

Yes last time I had a CT they were there.
Money (incl. bitcoin) enables idiots since it can be untracable if done properly.

[r3t4rD4life]

Decent resistance at 380 but I believe it will break up to atleast 400. Question: blaze past 400 and catch people with their shorts down, or crash down to 350 maybe lower and burn all the longs put in around 380-400?

Going down from $380 to $350 is not a crash, unless you use 10x or more leverage. That is the normal volatility that is build in, in such a fresh market as Bitcoin is.
I wouldn't abuse the word crash and blaze, because you may run out of words, when a more significant move happens. Going 10% up or down in price is not the end of the world, if you really think this technology is worth investing in it.

Agreed 100%. I have the majority of my stash that I hold for long term because I am very bullish in the long term. I am also toying around now with short to medium term trades right now however, which I guess is why I threw the crash and burn words around so lightly. You are right though, good point on the long term.

[dinda22]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

[bering]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

the price slowly but sure still climbing i think it would be reach to $400 before christmas but my questions could the price stable if reach to $400

[Amph]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

another small step like the one from 330 to current price, and we are there, this is indeed someone artificially fixing the price, now way bitcoin increase that slowly, without being manipulated

demand from casual people is not syncronized so well to permit this kind of movements

[inget]

I think it will reach the 400 usd, so many people step in. Then it will go back again till new year.

Starting 2016 it will be manipulated again.

[Cacaparg]

The price will stay around $370 for a few weeks before it break out upwards. The traders have patience this time.