The daily charts look horrible - EMA violated, MACD down, parabolic sar flipped, RSI below 70. But it looks like perhaps we're still being supported by "choo choo mofo" trendline we've had since day 1 of ATH break. I wonder if this trendline could slowly drive us to ATH? This would probably be the last breakout since that trend would be moving too slow to keep up with any significant higher levels.

This was necessary in order for CHINA to have a correction to it's daily ema and the original trendline. Until now it's been kind of floating at an unsupported level.

The price will crash from 10,000 to 7,000 and take 3 weeks to recover.

I woke up and found my entire array of margin buy orders I placed on bitfinex from 1050 to 900 when I went to sleep last night expecting a correction had been filled. At first when I saw "no active orders" I thought there must be some bug.

Well not that I'm bearish but...

Btce is where the big swings are. During high volatility, it follows gox almost perfectly. Bitstamp on the other hand moves slowly and unexpectedly. While btce is having a 15% swing, bitstamp will have a 1% swing... bitstamp can royally screw you as a trader trying to make a trade that would be perfect anywhere else. Also, btce's exchange engine works flawlessly - the best, it has the least downtime, and you can trade altcoins. What more can you ask for? When it comes time to withdraw THEN you can send your coins to bit stamp.

One final correction to 1100 before next leg?

This trend is soooo bearish. Oh God what if it hits the orange line or blue line again and I miss the chance to make a few extra btc. I better sell everything now.  

$98,500 during THIS rally or long term?

The low volume might indicate another correction to one of the day emas, perhaps the long one where the choo choo mofo trendline is. There was one of these double corrections to the long ema in March in the 30s. Although the bid depth is looking impressive so I'm not sure. I would prefer not because the last one scared the shit out of me and I lost a couple coins.

Keep your liquidation price well below the bottom of the previous correction.  I had mine at 350 and then when the correction started I sold enough to drop it to 180.

It's all a matter of perspective. If you look at the 4 hour chart, it was pretty damn ugly when the 4 hour crossed down. But if you look at the daily chart, it's just another correction to the long daily ema, which is very bullish and happens all the time in these rallies. If the rally continues on, then the level where it bounced off the ema (840) is the new FLOOR when it actually crashes. Once I saw the massive support above the blue line, I was able to leave my PC comfortably. I panic sold only 5% of my coins (in my margin position) just so that my account wouldn't be LIQUIDATED under some fluke occurence that there was this massive drop on bitstamp or bitfinex disconnected from bitstamp and something crazy happened and it fell under 400 for a second.

I noticed that the H4 EMAs are down crossed. Is this normal during a bubble?

There are 5 major exchanges now. When you see a 1K buy you need to imagine it is a 5K buy.

That 14k of buying earlier on gox was like 70k of buying - market changing. We are going to the moon.

It's back.

The best buy signal in bitcoin is when a bunch of large aggressive sneaky buy orders start popping up on an exchange (gox is easiest to observe) right into a selloff.

At this rate of descent, it'll be single digits within a month. So you better sell me your coins now.

Bubble tends to pop to the last price that high volume support was demonstrated on a serious correction to the daily EMA. As of now that is $450, unless another such correction occurs at a higher level to take its place.

Market is at a stall right now. Nobody is panic selling anymore but the big money isn't there either. Price is still too high based on the supporting trendlines and needs to consolidate more. So we're waiting for:

A) The supporting trendlines still down at $630 and $750 to catch up.
B) New money to come in on Monday.