"Bitcoin Price Increase Slows to a Halt"

[Gingermod]

http://www.cryptocoinsnews.com/news/bitcoin-price-increase-slows-halt/2014/05/28

[zimmah]

really? we just went from 570 to 610...

and a few weeks ago we were at 430 or so

[ArbatDeli]

yeah that was a 60 point move on bfx last night

 

[Torque]

Oh cool, another fly-by-night crypto news site, with so-called bitcoin TA "experts" that simply state the obvious and don't know jack.

Really like some of these quotes from the article:

"This volatility has not been uncommon in Bitcoin’s history; Bitcoin has seen numerous rises and falls in value. Speculations have arisen about the cause of this increase."
Wow, ya think?  Never noticed that.   

"The roller coaster value is often attributed to good or bad news."
Such insight! Is the writer a wizard?

"CCN writer Venzen Khaosan thinks that the “price will reverse from current levels around $600 and may retrace at least 50% of the advance to $520″, and that “traders and investors should brace themselves for a strong price reversal.”
Got it wrong.

[Miz4r]

http://www.cryptocoinsnews.com/news/bitcoin-price-increase-slows-halt/2014/05/28

Old and outdated article. Also the article itself is pretty much garbage and kicks in a bunch of open doors, but I guess it's not that bad considering it's written by a high school student.

[Torque]

http://www.cryptocoinsnews.com/news/bitcoin-price-increase-slows-halt/2014/05/28

Old and outdated article. Also the article itself is pretty much garbage and kicks in a bunch of open doors, but I guess it's not that bad considering it's written by a high school student.

Outdated?  The date was like 2 days ago.

[Miz4r]

http://www.cryptocoinsnews.com/news/bitcoin-price-increase-slows-halt/2014/05/28

Old and outdated article. Also the article itself is pretty much garbage and kicks in a bunch of open doors, but I guess it's not that bad considering it's written by a high school student.

Outdated?  The date was like 2 days ago.

It's outdated because the price has started to move up again today after forming a bullish pennant for 5-6 days. The article talks about the price stalling around $570-580 and that the price could go up or down from there.. we've gone up so that news is now outdated and old.

[Wandererfromthenorth]

LOL Cryptocoinsnews analysis were plain WRONG the last days.
The dude was talking about a drop to the $300s or $200s nonsense or something.

Sorry, just plain wrong technical analysis from the start.

[Miz4r]

LOL Cryptocoinsnews analysis were plain WRONG the last days.
The dude was talking about a drop to the $300s or $200s nonsense or something.

Sorry, just plain wrong technical analysis from the start.

To be fair the author didn't give his own opinion of where the price would be going, he just referred to some other writer on that site who believed the price was going to retrace to $520. In the summary he says the price could go either up or down, and that good news generally increases the price and bad news does the opposite (talk about open doors lol).