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Author Topic: We're still in a bull trap. crash will resume in hours  (Read 461 times)
kamakazibear (OP)
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November 20, 2013, 12:52:50 AM
 #1

http://bitcoinwisdom.com/markets/mtgox/btcusd

Downtrend, lower lows and lower highs. See the 1 hour interval chart. MACD in deep negative and EMA is above, a clear indication of downtrend.

You can see the clear bull trap formation and how right now is a great time to sell and buy back in lower. The bull trap is just beginning to surpass where it started
durdenBTC
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November 20, 2013, 12:55:15 AM
 #2

Is the bottom above the last high (260ish)?
DeathAndTaxes
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November 20, 2013, 01:00:22 AM
Last edit: November 20, 2013, 06:08:15 AM by DeathAndTaxes
 #3

Is the bottom above the last high (260ish)?

I doubt we will get that low.   400s probably.  Mid 300s? Not sure.  300 I find hard to believe.   I doubt we will break the prior peak of 266.
kamakazibear (OP)
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November 20, 2013, 01:03:47 AM
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Is the bottom above the last high (260ish)?

It would be hard to get below 300
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