Funny, was just going to post this and see you (Phoenix1) curious - just a coincidence if you believe in them.

I'm not going to play any bounces right yet. I'm going to see if any rally takes us through the 100 day EMA. We just crossed (under 10 day EMA) for the first time in a looooong time.
The 20 day or so EMA hasn't crossed and to be honest I have just played around with the 10 and 100 day - don't know that it is an accepted method.
The 10 day SMA has crossed under the 10 day EMA (slightly bearish) and that is accepted so I will still wait and look for strong confirmation of a reversal.

Regarding the hourly candles - well, the 4 and 1 hour are not doing anything and even the 15 min charts look the same. $100 is a key psychological barrier. And even if we break it, do we stay
above it for long? Next few days will be interesting and I'm curious is our WE dumper (and perhaps rescuer) re-appears.

You are an internet troll.

I'm really still learning to go with what I "feel" deeply and what the chart is sort of telling me. I'm not ready to jump in. I totally believe you though. It is a skill or art to know this (short term vs long trading and such). Way back when (internet bubble) I could look at a candlestick chart and just interpret sooo much from it. BTC doesn't speak to me like that. I don't trust what I'm seeing in just the chart alone. The market data adds a layer (and yet it is manipulated often) that we/I use.

Again, watch the sizes of the sells. I'm sure they will adjust them to hide them better but right now and for the last few weeks, the sell sizes have been noticeably bigger than the buys. I get the feeling like someone is playing us. So, no matter what the chart looks like, I don't trust it - go deeper. (BTW - If anyone knows of some way to monitor the size of sells relative to buys, I'm all ears.) The timestamp is key here also. (e.g. - You can see one seller put out a sale via a program and try to break it down, but it is all the same to the second, quite obvious. Nothing before or after it, stands out.)

Something a great great friend and teacher taught me:
Everything is data. Don't try to interpret the data. Just observe the data. No matter what you are talking about. So, with BTC, look at the charts, look at the posts, look at the USD, economy, banking, even esoteric things, etc. It is all data - don't judge it. Don't manipulate or organize the data. Just observe it. (Watching the matrix may help  )That is hard as we are conditioned unconsciously to see things a certain way. Anyway, as I said before, if you can separate some of the more emotional parts (they are data - not wrong or right - you have to find out how true), from the mind, intuition, etc and develop an overall picture... Well, that is pretty powerful. But if you really get there, I don't think you (I), would be here. eheheh But you can sort of taste it as it comes your way. Grasshopper goes...

Back to current price, I missed the last bounce. I had my highest bid at $91ish, didn't got filled, so I pulled it to try to play the future bounce at $88ish. Dangerous games, but you gotta have fun

Notice that Bitstamp doesn't want to go below $90 ish. Sort of interesting seeing the spread go from $10 one minute to $4 the next, depending on the price.

I am not chancing this market to make a profit. The size of the sells just doesn't sit right with me. People are unloading and regular guys like us don't see it.
Well, I think I see it  , so won't enter yet. This is not a stock, currency, etc. We have a beast one must be careful with. Below a certain volatility you can
trade it, but above that, just better to get out of the way...

I won't chance it. Watching the tape, the sells are just too big relative to the buys. It seems like we have regular guys buying and some really heavy sellers selling. I won't risk that. Yes, technically, I say bounce, but watching the tape, they are not hiding the sell sizes very well. It seems almost orchestrated.

I'll let the market calm down a bit before re-entering...

But it looks very weak..

We will see $100 again before we see $89 on MtGox

Well, not looking as bad as before, but clearly everyone is following Gox:

yes, have you seen this? cheapest coins are getting more and more expensive as time goes on. Full on isometric triangle as far as I can tell
https://bitcointalk.org/index.php?topic=245385.msg2601338#msg2601338

for you i can resize the scale even to -280USD
+1 effort to keep special ppl happy

I drew that one at around April 20th and its still under development. Sorry, no notebook around my hand, so no pics, but this one is correct. We go down slowly and hardy. No changes in my predictions since Apr 20th, so I am silent.

again triangle for you  https://www.tradingview.com/v/ZpnjOZCp/

Asks / bids on Bitstamp is really pessimistic...

I'm honestly about 60/40 bearish on the daily at this point.  It would take some intense short term buying pressure to base a rally from here.

But that's assuming a breakout....  We could very well move sideways for a while.

Did you guys realized that there are only $511k in Bitstamp's order book?

When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.

To give a little bit of context, the ratio between fiat on Bitstamp and Gox has consistently been 1:20. When we had $1M on Bitstamp, we had aprox. $20M on Gox. Now we have $511k on Bitstamp and $11M on Gox.

Gox is still the leading exchange for a reason. Expect a bear in which you will see much less "Bitcoin is a ponzi" talk compared to 2011, but a lot more "OMG the government thugs are coming after us, seizing all our money and eventually locking us up in Guantanamo".

Anyhow, the negative sentiment needs to be MUCH stronger in order to reach the real bottom, which I still hope it will be $50ish. I won't be surprised by $30-$50, I will be puzzled if we go below $30, and quite disappointed if we go below $20.

Anyhow, fasten your seat belts - its going to be a bumpy ride (gif expected, come on guys!)

As for daily, my issue with that is that we don't have it entering the triangle initially from the top and bouncing off the bottom.  Instead it bounces low outside the bounds, then enters the triangle and bounces off the top.  This gives the triangle a slightly more bullish character than the one I posted.  

Are we meeting some price resistance? What does candlestick charts says? is they are going to have some see saw swing? is price going to taper off ? now is $97.4009