We're still in a bull trap. crash will resume in hours

[kamakazibear]

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

[durdenBTC]

Is the bottom above the last high (260ish)?

[DeathAndTaxes]

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.

[kamakazibear]

Is the bottom above the last high (260ish)?

It would be hard to get below 300