edwardspitz
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250


View Profile Personal Message (Offline)

Ignore
May 12, 2014, 10:14:07 AM

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

+1. I think we most likely get some bad news from China. I didn't follow the events too closely yesterday, but it seemed to me that the Chinese exchanges were still able to lead the rest of us. But at this point really good news could also spark a rally. If we go past $460 it might be the last chance to get sub $500 coins for a while. But I don't feel it is very likely.