We leave 500. Target 200. Trade recommendation.

[guy_wonderful]

Sell. Target 300-200. NB! When aproach target, will post next target.
Everything happens as expected. (https://bitcointalk.org/index.php?topic=757013)

Sell at 483. STOP 495. (short therm)
Sell at 500 STOP 505   (mid-short therm)


Support - must break.

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.


Result on JAN.16.2015

[BitCoinNutJob]

so let me get this straight.... we were stable @ around $140 before silk road crash with hardly any ATMs - not actually 1 i dont think, BTC asics just on the market, hardly any china interest, mtgox running the show, no overstock, no dish, no dell, no Expedia, no official mentioning of how to bring BTC "legally" into the mainstream.....  and you think we somehow are going back to $200-$300 ?

Best you could hope for is some wild crash where you have 1 hour window to pick up.

[Swordsoffreedom]

Same sentiment this would be on the level of a USA Russia, or UK and  unanimously banning non-state entities from using Virtual currency in commerce
In other words a big step backwards
Thinking along the lines of they are pulling off an Ecuador.

[Fabrizio89]

In my opinion, there will be another dip and possibly a real despair phase this time around. I don't know if we we'll go as low as 200 to me it seems a bit exaggerated, but the area around there is on my radar aswell. I am almost certain we will see sub 400$ in the next few weeks and possibly 350$ so I spent a bit in the last month.

[maurya78]

I tend to agree that sub $400 is possible but think we may not stay there for long
Trend presently certainly downwards

[philipma1957]

Wow such pessimism. Hard to see it dip below 450 at this moment it is 485 on coinbase. I am debating if I should purchase a coin today.

 I  made up my mind I purchased .5 at  $242.53 or 485 a coin.

[bigtimespaghetti]

Sentiment is low, the market is sluggish. Need to see if around 475/440 holds. I think we may see $440 in the next week.

[InwardContour]

The 200-300$ target is too low in my opinion, there's no reason for the price to crash so low.

[sehnye]

How can it drop to 200 dollars, it's impossible because there would be a really high buying pressure eating all the (little?) sell walls.

[yayayo]

I disagree and say that we've already seen the bottom. Sentiment is bearish (too bearish), but fundamentals are good (bitcoin is used by an increasing number of businesses). The last selloff (to $360) was sharp but short lived and buyers quickly eliminated the loss.

I don't expect a major uptrend yet. That will happen when Wallstreet buys in via investment vehicles like the Winklevoss ETF, which will also be followed by increased media attention.

ya.ya.yo!

[guy_wonderful]

up

[Wilhelm]

I'm with ^^

[ask]

Strong BUY.

[guy_wonderful]

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

[Unbelive]

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

So we should sell now?

[Wilhelm]

480 Suport. current. xx:32
470 Support. low.
445-420 Support. medium-low.

Last support aproaching "445-420" , when broken fastly moves to diretion of target.

So we should sell now?

Yes sell, the more weak hands the better 

[howareyo]

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

[wachtwoord]

Someone says we are going to the moon, some others that we will go to zero, so... make yourself agree!

Zero will only happen if another cryptocurrency completely takes all of the market from Bitcoin because it is technically superior. Since this is unlikely, and because crypto will be a major part of society in the not so distant future, the price of Bitcoin should go to what most people here would refer to as "the moon".

[tabnloz]

after 6 months + of bear market surely the weak hands have all been shook out?

Now it seems like shorters just attacking despite positive developments.

[Ibian]

I have been thinking for a while that the supposed capitulation panic is missing. This is my first bubble so I might be wrong, but there just seems to be too much optimism. It's probably deliberate that this bear market is dragging on for as long as it is. They want us regular folks out I think.