Initially I was skeptical of a rally like this today after hitting an all time high of 539.14 on BTCe. Given the unwillingness of the price to go down below 500s yesterday, I managed to get fully back in at 504..
It looks like we are heading for the next rising phrase at around $580 level with an even stronger support at 500 level. Watch out for it closing above 528!!
However there's also a chance that we may bounce off 528 to 500 again..
As always, this is Bitcoin! Ignore all oversold/overbold crap from what's taught in books, follow the greed in a bull market but be sure to get out on time! Look at the chart, not trollbox.
LTC/BTC rates are good for hedging, its best not to trade back to fiat during this period.
It looks like we are heading for the next rising phrase at around $580 level with an even stronger support at 500 level. Watch out for it closing above 528!!
However there's also a chance that we may bounce off 528 to 500 again..
As always, this is Bitcoin! Ignore all oversold/overbold crap from what's taught in books, follow the greed in a bull market but be sure to get out on time! Look at the chart, not trollbox.
LTC/BTC rates are good for hedging, its best not to trade back to fiat during this period.