That wasn't a crash

[afbitcoins]

Funny seeing all the topics appearing in this forum with CRASH!!! 
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/

[fabrizziop]

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.

[ElectricMucus]

Yes it will bounce off 30.  

Then 20....

[Dargo]

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]

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.

[BIGMERVE]

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

[BTC Books]

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

+1