What to think about the logtrend? - broken/touched/missed???

[8up]

Huobi:

OkCoin:

Btcchina:

Bitfinex:

Bitstamp:

Btc-e:


The overall picture looks quite bearish for USD (spike + triple top).

[Auxi]

touched, we will return to 200s in a few days/weeks

[afbitcoins]

Still well below trendline on some markets. I'd say inconclusive, but the break out looks like its in the pipeline.

[tarmi]

bitcoin loves fake breakouts.

[emelac]

One of the chart guys here was quite enthusiastic about the logtrend until it was pointed out to him that the prices on the BTC/USD charts on Bitstamp and Bitfinex are below it. I'm not a chart guy and I leave it to the experts to decipher what the technicals predict.

Amazing post. I really hope you're right!

Somebody pointed out to me the BTCUSD charts, stamp and finex, which I havent been following lately. Seems like those are in fact firmly under the log trend either way, so Im a bit more conservative now.

[gentlemand]

Am I allowed to say that I don't give a shit?

Bots, traders, drug dealers cashing out, enthusiastic first time buyers or sellers, what relevance is this to people looking to transact? No one's going to hold off massive buys or sells for the sake of breaching a lovely line on a graph. Maybe I'm missing something.

[Amph]

i can only see that we are acquiring some trust, but we are in the bear tornado yet, although there is still the "you shall not pass" in the 200-220 range, the market it secure against big dumping

[8up]

Huobi penetrating the log downtrend for the 2nd time.