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Author Topic: upside pressure at 450-470 building  (Read 594 times)
jasonjm (OP)
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January 08, 2016, 07:41:05 PM
 #1

the profit takers / shorties are piling into that price zone

if it doesn't hold they are going to be forced to cover, forced to rush in and buy, will be a spike to over 500 in very short order.

who knows maybe 450-470 holds.

50/50 odds as normal, but if it breaks to the upside it will be vicious.


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Kevin77
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January 08, 2016, 08:20:21 PM
 #2

It is the most common situation in any commodity trading. The round numbers are always big resistance to hurt the prices progress to go further. But I don't thing bitcoin will find any that much difficulties to go beyond $470 levels also.
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January 08, 2016, 11:29:00 PM
 #3

Looks like it's struggling to hold 450 at the moment. 80/20 we are going back down to 430.

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January 08, 2016, 11:31:02 PM
 #4

I'm expecting a crash maybe next two or three weeks. I guess those whales still didn't sold their cheap coins.
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January 08, 2016, 11:32:10 PM
 #5

Im going to be buying until june, when the insane pump will happen. Will be 1K, 4.5K, 12K? Nobody knows, but it will be huge, and im not sure I even want to short, so I'll probably hold. I would become too depressed if I sold too early trying to sell and therefore being left off the game as I fail to realize then to cut loses and buy back.
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January 09, 2016, 12:30:12 AM
 #6

The bitcoin price is just fluctuating, fellas.  I don't know how anyone can say with certainty that we're stuck at 450 or whatever.  It's just random movements.

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January 09, 2016, 12:36:23 AM
 #7

When cny dumps bitcoin rise 50$, remember it
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