I've been waiting for Bitcoin to bottom out, and it's sure taking its time. People were talking 6000 and 8000 (Mike Novogratz refused to commit 500 million investment into BTC before Christmas, hinting at/hoping for 8000), while others were more conservative or even positive. Now we will have to think about the Ripple Rage, and if that stops... then we may rise and shine
But now, we're still going downwards and there's this possible Head-and-Shoulders scenario that I wanted to make you aware of, the Mac is pointing downwards... My philosophy is always to earn about 10% per week and more if that can be done without danger, and avoid losses of above 5% - if I miss out on a run, so be it... if I can't buy the absolute bottom, so be it. I guess i'll just wait this out for another day.
And on January 1-3, some fresh money should start rolling in - if Ripple dips (and it's showing signs), then it will happen earlier.
PS the green line is a trend line I drew from a low on November 03 to the recent low - it may be the support line that keeps us from finally going lower, dammit. Happy New Year !