I've been following this site for a week or two and thought I'd throw my 2
BTCUSD
into the ring. I put some red and blue lines on a chart and a brown one to indicate where resistance has become support. If support is broken then it could all keep going down below 8k but it looks as though things are trending up and I think it will bounce around inside the yellow lines for the rest of the week, maybe sitting up around 11,800 by the end of the week when Mt Gox will dump another batch of coins. A longer term guess 13K by April fools day. I don't know the first thing about this so I feel eminently qualified to publish more misinformation.
BTCUSD
into the ring. I put some red and blue lines on a chart and a brown one to indicate where resistance has become support. If support is broken then it could all keep going down below 8k but it looks as though things are trending up and I think it will bounce around inside the yellow lines for the rest of the week, maybe sitting up around 11,800 by the end of the week when Mt Gox will dump another batch of coins. A longer term guess 13K by April fools day. I don't know the first thing about this so I feel eminently qualified to publish more misinformation.