@klear: If you held all the way down, you've already lost money. Selling now is a way to reduce your losses, and lets you buy back at more attractive prices like the proposed 86 to 124usd target range I think BTC will go to now.
@ZL1: No, it's not.
the most probable scenario is Bitcoin will fall first. No one will buy and push price up above 320 for the time being.
The decline will probably reach 124 and even 86usd, before there is ANY kind of major reversal possibility.
The timeframe is 5 quarters of downtrend, IF price doesn't retest 461usd during Q1 2015. That's the time element, specifics of how price will move in that period would have to be detailed, and it's not worth it. There is a barrier at 300-320, which made price rebound down recently, the next major one is at 461.
Going down, we got 150,124 and then 86, price will slow down around these, or rebound, but the strongest level is the area between 86 and 124. Buying back in there, after selling now will net you a % gain, which is rather good.
https://www.tradingview.com/v/2peGxVcR/
Please, click the links I posted. I have outlined specific criteria and targets in all my trades, and have made money from these methods, I'm not guessing mate, I did the work, was trained by a top trader and hedge fund manager, and am just trying to pass along some of this knowledge to my friends here, to avoid them financial losses.
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@klear: If you held all the way down, you've already lost money. Selling now is a way to reduce your losses, and lets you buy back at more attractive prices like the proposed 86 to 124usd target range I think BTC will go to now.
@ZL1: No, it's not.
the most probable scenario is Bitcoin will fall first. No one will buy and push price up above 320 for the time being.
The decline will probably reach 124 and even 86usd, before there is ANY kind of major reversal possibility.
The timeframe is 5 quarters of downtrend, IF price doesn't retest 461usd during Q1 2015. That's the time element, specifics of how price will move in that period would have to be detailed, and it's not worth it. There is a barrier at 300-320, which made price rebound down recently, the next major one is at 461.
Going down, we got 150,124 and then 86, price will slow down around these, or rebound, but the strongest level is the area between 86 and 124. Buying back in there, after selling now will net you a % gain, which is rather good.
It seems like Bitcoin has built a 5 quarter base, and rallied for exactly 5 quarters before starting the current slow downwards grind. Right now the outlook is neutral, but as soon as we see an impulsive decline, I expect it to develop into a strong downtrend, targetting the 86 dollars mark...
www.tradingview.com
Please, click the links I posted. I have outlined specific criteria and targets in all my trades, and have made money from these methods, I'm not guessing mate, I did the work, was trained by a top trader and hedge fund manager, and am just trying to pass along some of this knowledge to my friends here, to avoid them financial losses.
