Is the blood on the street drying up?

[Kipsy89]

My opinion is that it will still continue to rise in the $300-$340 and it will probably stabilize in that range for awhile.

How do you come to that conclusion? Definitely not at $340 or near that mark! There's a major resistance line around there and we'd be falling back into a falling wedge if that really happens!

[1714826971]

1714826971

[1714826971]

1714826971

[aso118]

It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

My strategy is to be happy with the paper profits that I have made.
I do think that the pessimism associated with bitcoin's price is finally lifting and a bull run may be in order.
I definitely don't want to regret missing out on it. 

[waterpile]

My opinion is that it will still continue to rise in the $300-$340 and it will probably stabilize in that range for awhile.

How do you come to that conclusion? Definitely not at $340 or near that mark! There's a major resistance line around there and we'd be falling back into a falling wedge if that really happens!

Its just based on my observation like i said its only my opinion and lets just see what happens this coming days.