Without going into extreme detail at this moment, I am looking for a decline over the next 4-5 weeks to potentially see the price fall to $260 from $393 at the moment.
There is tremendous distribution in the chart pattern, especially as shown by RgMov, my proprietary "trend" indicator which has been hitting new lows here lately.
$450 is the current stop but that can come down pretty quickly.
Tim 393.01 last BTCUSD-BITFINEX
Prepare to sell any bounces to 390.
but this is my favourite chart (yes downtrend):
do you see any advice "go and sell and loose money"? people see it more like short oportunity or low price to rebuy...or just "do nothing and watch if the prediction will be correct"...thats all...but the worst thing is (according to your name) i think you are from the same country like me....so i feel quite stupid for you ;)
I'm curious what you think of Tim Draper's statement today on Fox that BTC will be 10,000 USD by 2018. It would have to be adopted by a lot of people and businesses for that, and fast. But most folks haven't even heard of it.