If the price is to move higher/much higher, here is where it needs to hold.
On a price basis, there is no disputing 260 is a key support.
If the price breaks lower though, the final stage of the correction could be dramatic.
I think it goes lower but I need confirmation below 260 which i respect as key support.
This is where fundamentals needs to be placed in perspective with technicals. I see no tangible fundamental explaining price either way... 100 why not, 600 why not...
The charts very much reminds me of Gold in April13.... Not good.
if you want to go long: game is clear stop 210.
Comentários
IvanLabrie
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BTC is such a slow mover, a quarterly chart makes it way clearer. In my view there is no real support until it hits the 86 dollar mark approximately.
Strongest high price was 461, roughly, as far as accepted value goes.
And yes, fundamentally speaking, nothing new has emerged that will make price reverse. Why would it be considered cheap at 260? I don't see it, and I've done some extensive research on the subject and similar cryptocurrencies that appeared after its inception.
One worth watching is bitshares... bitshares.org
MikeLloyd
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Firstly want to point out I agree that there are little fundamentals for cheap pricing.
What exactly do you look at to try and price these things? I am interested in seeing how you would try to price bitcoin itself, considering the fundamentals of the coin itself.
MikeLloyd
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Interesting perspective, can't wait to see results.
Strongest high price was 461, roughly, as far as accepted value goes.
And yes, fundamentally speaking, nothing new has emerged that will make price reverse. Why would it be considered cheap at 260? I don't see it, and I've done some extensive research on the subject and similar cryptocurrencies that appeared after its inception.
One worth watching is bitshares... bitshares.org