Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 5Update 5 is a major correction to Update 4. Indeed the night I posted the earlier update, China decided to re-correct the price downward following my red bearish line due to low volume. I guess there was a slight delay which I did not take into consideration. So were back overall bearish for the short-term (next 7 days)
I will keep this simple:
> Set your buys at $553 (don't feel shy to add an extra $5 in order to ensure it gets picked up) (green arrows)
> If you are VERY DEARING and risk taker put another buy at $530 ($535 recommended) but we might NOT even see this range if we refer to the red line crossing the other. (scenario represented in yellow arrows. This really depends on the bears and how much they want to pump panic in the market)
