BitcoinGuru

Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 2

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BITFINEX:BTCUSD   Bitcoin
Notice the red rectangle or cloud on top of each resistance and notice how they all end up with a big dump of $90 or $60-50. Their is a strong possibility that we will see the same scenario in our current situation unless of course a whale decides to push us up. But I am still sticking with my plan for now with buys at 545-550 and another somewhere at 500-522

Update 2: today we crawled up to 619 and encountered lots of resistance even with buys of 100BTCs trying to buy there way upwards encountered huge resistance = At this point it is a good confirmation we are NOT going up.

Thats what happened where we were at 670-680s spent few days there crawling our away to the resistance and past it then crashed down 54$ to 620.

I find this VERY interesting, why? well say we stay at 606-620 range another day or two trying to break up and we failed, then seeing what happened at 680 we can very well crash badly down to $556 = $610 - $54 so we land right at $556 or 550+- interesting pattern isn't it?

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