zunibo
Short

Dumb & Dumber go trading (2): second shoe drop in the making?

BTCE:BTCUSD   Bitcoin / Dollar
88 0 0
Quite surprised by our first mid-term prediction accuracy (we thought we might ridicule ourselves with this but hey, that was not so bad for a first time) we figured out there might be two possibilities for the market right now:

1- LONG: either we touched the bottom and we will raise slowly from now on.

2- SHORT: or we have one last drop down before seeing the light again. All of this is linked to the market and potential news from the MtGox saga. It could be that, should they confirm the loss of 744'000 BTC then we get into some panic sell mode that could go from around $420 as low as $250 apiece.

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