Price target for 15 apr Short

BTCE:BTCUSD180

Description

⋅ Apr 6, 2014 10:03 AM

I believe China situation and China bubble will end right about ~350-380, and solid growth can start again.

Comments

magarto

⋅ Apr 6, 2014 10:07 AM

I think so mate... anyway 200 level can be reached if 350 is reached in the following days (giving more time for a April 15st FUD)... let's see

FrancisKim1

⋅ Apr 6, 2014 10:10 AM

I'm actually expecting and prepared for an announcement by one of the top 3 exchanges (BTC China, Huobi, OKCoin) about halting bank deposits this week. And I haven't ruled out an official PBOC announcement with strengthened laws on BTC/LTC trading before the 15th. Definitely go short at least until the 15th...

magarto

⋅ Apr 6, 2014 10:27 AM

Me too... anyway, IMO close shorts: tradingview.com/v/3gJ5DJOJ/

FrancisKim1

⋅ Apr 6, 2014 10:04 AM

Technical analysis says 350-380 but depending on the turn of events, we could even see below 300.

sachalamp

⋅ Apr 7, 2014 12:21 PM

I also do believe over-reaction is possible and target could get much lower, ~200-300, but only for a short time.