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.