So, you're talking about that tiny ascending triangle?
No I clearly mentioned the two big pushes up to $16. Those show many buyers
locked in a fierce battle with scared sellers. The buyers have spoken and will again.
I am far from an advanced trader but I seriously don't believe technical analysis is very valid if at all in bitcoins especially this early.
Greed and fear apply to all markets.
Look at the one hour chart, it is a perfect example of an easy to call top.
I admit to still being bullish at $31, due to the excessive emotion here at the forum, but the chart is a classic perfect example of Greed and Fear.
