ZarNegar

The main obstacles

BTCE:BTCUSD   Bitcoin / Dollar
1066 19 14
BTC is located between two major levels.

From the top. There are 414 resistance.
  And from the bottom. 190 are supported.

Which one. will be able to pass the BTC?
I think. 190 support level will be broken.
However, we have to wait.
still wating?
Reply
I agree. In order to achieve balance from the $1,000+ bubble prices, Bitcoin will need to fall below $200.00, very far into the $100's perhaps below. Only when Bitcoin is well into the $100's will it be, in my opinion, worth investing in on the long side. Sure, you can trade in and out looking for bounces, but I believe the greater opportunity will come when it nears the bottom and all of the optimism is finally wrung out of the market. Once we have the proverbial "blood on the streets" and nearly everyone has given up on Bitcoin and all of the media begins to report that it is finished, that will be the time to buy back in and catch the cycle back up.
+2 Reply
Maddie TerryKinder
When/if BTC reaches $1000 again nobody cares if you bought @ 200 or @ 300 :)
-2 Reply
By the same token if you buy a fistful at $350 and it goes to $100 for a year or better and you get into a bind and need that money, then you might end up caring a lot.

Or what if Bitcoin does like Silver did. I was 11 or 12 when it got to around $50. How old was I when it got near $50 again? I was 44 when it peaked again in 2011.

Long story short, don't assume that a new Bitcoin, silver or whatever bubble will fall on the heels of the last one, unless you're sure you're willing to wait a long time.
Reply
IvanLabrie PRO TerryKinder
Great reply...I can't agree with Maddie on that, that is NOT a good way to trade, nor advise people.
Reply
1000? yikes hoeyou don't trade on wishful thinking.
-4 Reply
she trades on head and shoulders
+3 Reply
Hirajuki-Lee PRO ShortThePlanet
I like that shampoo
+1 Reply
Hirajuki-Lee PRO Hirajuki-Lee
once we get under 340 we can resume bear mode. 190-210 very realistic even lower
+2 Reply
cooker1 Hirajuki-Lee
Good point, poor choice of words..
Reply
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