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Author Topic: That wasn't a crash  (Read 1080 times)
afbitcoins
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March 23, 2013, 12:34:14 PM
 #1

Funny seeing all the topics appearing in this forum with CRASH!!!  Cheesy
If you're a bear right now you'll get hurt.

This is how I'm viewing it, see following chart taken from my blog



... Was there anything special about the region where it found support and bounced? I kind of think it matches the bottom of where I’ve been drawing in my new steeper channel ...

http://afbitcoins.wordpress.com/2013/03/23/found-support/
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fabrizziop
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March 23, 2013, 01:48:19 PM
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I think it was a temporal dip, because the steeeep uptrend line broke



That chart was made before the crash, last support hit spot on.
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March 23, 2013, 01:53:59 PM
 #3

Yes it will bounce off 30.  Grin

Then 20....

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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March 23, 2013, 02:11:17 PM
 #4

No, not a crash. We are still in an uptrend on the daily chart. We bounced hard off the 20 day EMA, and still haven't closed below the 10 day EMA. This volatility could signal that we are topping out, but for now the upward momentum is intact. That was quite a dip though, so I suppose you could call it a mini crash.
afbitcoins
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March 23, 2013, 05:04:49 PM
 #5

Ah well ok, i might go with mini crash then although i think 'correction' sounds better.

I like seeing the different ways people approach technical analysis, thanks for the replies.

I'm not predicting how high this will go.. oh go on then, maybe I will, peak somewhere higher than $200, then eventual fall back below $50.
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March 23, 2013, 05:23:34 PM
 #6

If you have to ask, then it wasn't a crash. You'll know it's a crash when it's happening.

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March 23, 2013, 06:10:43 PM
 #7

If you have to ask, then it wasn't a crash. You'll know it's a crash when it's happening.

+1

Dankedan: price seems low, time to sell I think...
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