adamstgBit
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November 08, 2015, 12:18:58 AM

i hope price will stabilize right now after falling


It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

+1

well vol appears to be going down a little bit, big move coming soon.