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Title: We're still in a bull trap. crash will resume in hours Post by: kamakazibear on November 20, 2013, 12:52:50 AM http://bitcoinwisdom.com/markets/mtgox/btcusd
Downtrend, lower lows and lower highs. See the 1 hour interval chart. MACD in deep negative and EMA is above, a clear indication of downtrend. You can see the clear bull trap formation and how right now is a great time to sell and buy back in lower. The bull trap is just beginning to surpass where it started Title: Re: We're still in a bull trap. crash will resume in hours Post by: durdenBTC on November 20, 2013, 12:55:15 AM Is the bottom above the last high (260ish)?
Title: Re: We're still in a bull trap. crash will resume in hours Post by: DeathAndTaxes on November 20, 2013, 01:00:22 AM Is the bottom above the last high (260ish)? I doubt we will get that low. 400s probably. Mid 300s? Not sure. 300 I find hard to believe. I doubt we will break the prior peak of 266. Title: Re: We're still in a bull trap. crash will resume in hours Post by: kamakazibear on November 20, 2013, 01:03:47 AM Is the bottom above the last high (260ish)? It would be hard to get below 300 |