Look at where we are heading to now... i must admit i do feel rather "silly" now, not. Seeing trends and having faith in the process is what determines the good trader's from the impulse traders who change their opinions by analyzing "minuscule" trends, zoom out and look at the bugger picture and you will see we have been in a downtrend since Jan, and its inevitable we were going to retrace back to levels before the huge "fake pump" that occurred in Nov/Dec.
thousandairefx
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As soon as you declare yourself correct the market does what markets do and make intelligent chaps look silly :)
IndyKheela
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@thousandairefx, Remember that 6k BTC i charted a few weeks ago, well we have already hit $6440, looks like we are about to head down lower one last time. I must admit i do feel rather "silly" as i said earlier "patience is a virtue"
Asma7assan
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atm its bullish, currently at 7,930....where do u think it will reach before heading towards the 6k region?
IndyKheela
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@AsmaHassan, Under 6K is a key point, if it continues to dip then we can well see 2.5/3.5k if "smart money" doesn't come flooding in. But rest assured if it does hit these low levels then the smart money will come flying in instantly and we will retrace back up 7-9k very very quickly.