kettelseven

11-25-13 Still cooling off from the blow off

MTGOX:BTCUSD   Bitcoin
2
Let me know if you agree with this chart and statement.

The price action is still consolidating in order to find a fair value before it moves at 1,000 again. The utility and need for an alternative store of value will carry this thing forward methodically; slowly.

But if great bitcoin news (like Newegg accepting for ex.) hits then the rocket will be reignited. Newegg is big in china too. The other big etailers will naturally follow suit.
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