Its About Sharing
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


Antifragile


View Profile Personal Message (Offline)

Ignore
June 24, 2013, 11:26:00 AM

voodah and f73,

Yes, there is support at 100. All support has a huge psychological component but 100 is a bit key (3 digits vs 2).
Looking at how things have been lately, I just don't see it holding mid term. I have the feeling that we are in a short - mid
term bear market (really a correction from the huge up move we made but it will take time to work itself out.)

Anything can happen though - some banks collapsing, another war, stock market collapse, etc. and BTC goes on the run again.
But from a technical perspective, it is down we go imo.

Yup, it looks bleaker every day. I agree.

I should note, like most around here, I am a HUGE BTC Bull. But I can't say the recent trend is bullish. I even got out of my LTC position this morning as it hit my mental stop and after having more thoughts on where BTC is going and the two being too tied together, it just didn't make sense to hold LTC.

Depending on world events (and that is a huge IF), I say we are in a downward sideways channel through Summer and partly into fall or there abouts.