420 will be tested within 12hrs. It might be briefly breached but 420 is very strong resistance and will HODL!
Brace yourselves!
Brace yourselves!
Looking at huobi it seems like 420 might not even be tested (bitstamp)
This is just more consolidation. We might go up a few, down a few, etc. etc. The bid sums on the exchanges above 400 are shallow. Its only going to take one more major leg down to finally test 400. Could come over a nervous weekend, could come on some more bad "news" (ie excuse) next week. That wall on Bitstamp will get its chance within the next 7-10 for sure.
i happen to agree entirely with your outlook. and also with the way you write news(i.e excuse) - i think alot of people do not understand this point.