Short/Med Targets: Post-Bubble Negative Sentiment Clear-out?
Short-term: Bearish
Medium term: Neutral
Long-term: Bullish
My prediction is that we might continue with the downward trend for another ~30 days, bottoming out around 450.
It's also entirely possible that we're seeing a faster crash/recovery cycle than in the past. This latest Gox crash may be the last dip needed to clear-out the post-bubble/Chinese New Year negative sentiment.
Medium term: Neutral
Long-term: Bullish
My prediction is that we might continue with the downward trend for another ~30 days, bottoming out around 450.
It's also entirely possible that we're seeing a faster crash/recovery cycle than in the past. This latest Gox crash may be the last dip needed to clear-out the post-bubble/Chinese New Year negative sentiment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.