the price fell a little bit and it is stable right now once again, when there will be more movements? i need some action
it's bleeding. There is tension in the market. We could be at the edge of the next bear cycle if this bullrun really dies of like that.
Well, considering the past couple of weeks in light of the past couple of months.
About two weeks ago, we had a considerable drop in BTC price in light of the piling on of FUD surrounding the Mike Hearn article (and other simultaneous exaggerated FUD) that caused a precipitous drop to $352. Thereafter, I had considered that a fairly decent volume pump passed $410 would bring us into a kind of safe-zone regarding whether we would go below $352 again.
The pump over $420 from a bit over a week ago did not end up being as long-lasting as I had considered it to be, and so, yep, we came back down to the upper $300s, and we experienced some half-assed further attempts to bring BTC prices below $360, or lower if possible, yet it remains unclear if bears were throwing all of their ammunition or if they may be running out of coins to dump?
Anyhow, I would not put it passed the bears to be able to come up with some more coins for dumping; however, it is beginning to appear that we are floating in a price territory (mostly $374 to $379) long enough (a couple of days) in order that we could witness another attempt at a break out within the next two days (ending the weekend and maybe awaiting some Monday financial news - stocks were up on Friday, but doesn't mean such uptrend will continue).
I am fairly certain that we are going to see some price action within the next couple of days.. To me the first bounce by 5% or so could go either way.. almost a toss, and I am thinking that the next bounce of at least 10% from our current price territory, is more favorably on the upside... I will give it a 57% chance for upside and 43% chance for down... but, like everyone who is not a whale, I am formulating my best guestimation.