Pruden
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Spanish Bitcoin trader


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March 23, 2014, 03:29:09 PM


Very telling that no bounce is achieved even at current levels. Sorry to be the bearer of bad news, but bear with me: This thing needs to capitulate on incredible volume and a low <50 before we bottom out for good.

Agreed. Also agree 'wot no bounce' looks bad as does spiking number of coins on offer
Question is when is the capitulation, and what happens between now and then
I highly doubt we will be seeing the final capitualtion any time soon, but we may make a new low on this move before it ends.

Time will tell ...


Please notice the date.  Grin