Bitcoin hits $1,000 + in China but only 788 ( now $837 but still lagging) on mt gox. The futures market in China indicates only $819.(now 847) This is an indication of a Blow off top which will be followed by a major fall (which will be a buying opportunity )
http://btckan.com/pricehttp://whentosellastock.com/selling/blowoff.htmSometimes a stock advances very quickly in a short period of time - days or just a week or two. It contrasts sharply with the previous action of the stock which may have been advancing steadily for some time. All of a sudden there is a sharp spike upwards. This is called a blow-off top. And it is a good point at which to sell.
where will the price go then ? It should resume whatever trend it was on before the rapid rise
http://www.investopedia.com/terms/b/blowofftop.aspHere is one interpretation of the TREND
https://i.imgur.com/GOYWUMo.pngand discussion on
http://www.reddit.com/r/Bitcoin/comments/1q59k1/bitcoin_4yr_log_chart_and_future_trend_courtesty/Blow off top occurring?
