/biz/ - Business & Finance

>>146203

Prices are rising because it's just a natural part of that bounce from a very strong 400$ resistance point. Identical to the previous bounces. It was a very big drop after all.

I hate it when people go "lol you're wrong it's climbing!!" over and over again at the first sign of price going up, when during the last 2 months it hasn't really climbed at all.
If there was a real bounce or climb happening, we wouldn't be fluctuating between 580 and 540 with nonexistent volume.
Makes me think that the person bought +800£ or god forbid +1000$ BTC and is desperately hoping for a reversal.

It's a slow strong downtrend, and a climb of a day of two doesn't mean a damn thing, especially when the climb matches the bounce pattern to the point.

Watch the longer term charts. It will save/make you some money.

>>2694