The main obstacles

BTCE:BTCUSD   Bitcoin / Dollar
1064 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.
Agreed. My work suggests a bottom a bit below 190, ~ mid December, then 2015 will be a great year for btc. Time will tell....
+1 Reply
ZarNegar JimFred
Also, I think ..
Important news from the Federal Reserve Bank in the next few days.
  Caused great shock and collapse.
Hi. I don't think 2015 will be great for btc. There is some missing important data for EW counts...
+1 Reply
goes with my idea too (not yet published), but we will bounce from 190-210 level or wherever we land revisit 300 before going down again
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.
IvanLabrie PRO TerryKinder
Great reply...I can't agree with Maddie on that, that is NOT a good way to trade, nor advise people.
1000? yikes hoeyou don't trade on wishful thinking.
-4 Reply
she trades on head and shoulders
+3 Reply
CrazyC PRO ShortThePlanet
I like that shampoo
+1 Reply
once we get under 340 we can resume bear mode. 190-210 very realistic even lower
+2 Reply
cooker1 CrazyC
Good point, poor choice of words..
IvanLabrie PRO TerryKinder
You got a negative rating on this comment...I think we're nearing a turning point, pointing down naturally.
Social indicators...I 1000% agree with you Terry. Wise words.
+2 Reply
IvanLabrie PRO IvanLabrie
This was aimed at Terry Kinder...
+1 Reply
CrazyC PRO IvanLabrie
turning point. I see red
TerryKinder IvanLabrie
Yeah, I am used to getting negative ratings and hearing negative comments. Some people thought Bitcoin would go up, and up and up. I have been long on it and done well several times. It got overstretched and needs to come down. It's similar to what happened with the silver and gold prices. They got ahead of themselves and Bitcoin did too.

Bitcoin has mostly moved down since it went below $580 or so. Even when the charts look decent, the Bitcoin price has been going down. I think part of this is that it is caught in a strong trend down and the bubble sentiment has burst.

I have a difficult time listening to advice or analysis that has a strong probability that it will cause people to lose money. I try my best to see the chart and situation as it is. I'm wrong like anybody else at times. But I think Bitcoin will need to drop significantly more before it can achieve balance and begin a new move up.
+2 Reply
IvanLabrie PRO TerryKinder
I advised all my friends who were die-hard bitcoin holders to sell and wait in cash...been doing it since it was at 590. A shame really, most lost half their investment.
+2 Reply
still wating?
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