"We are deeply oversold in BTC, so there is always a slight chance of a oversold bounce."
Yeah, but there is just so much FUD right now: idiotic investigation of bitcoin price manipulation, Mt Gox coins, regulations BS, etc...
"We are deeply oversold in BTC, so there is always a slight chance of a oversold bounce."
Yeah, but there is just so much FUD right now: idiotic investigation of bitcoin price manipulation, Mt Gox coins, regulations BS, etc...
Yes; agree. I am not much into prediction. I am mostly a momentum trader and I trade price mostly. Price is always right and everything is baked into price.
I also don't worry too much about manipulation. Any matured market can be manipulated; will be manipulated and perhaps should be manipulated. We must deal with it.