Just another bulltrap?

[RockHound]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

[maker88]

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

It went the opposite way

Weekend would be a real trend setter. If it does not drop much then its going to keep on rising for now.

exocytosis was wrong? shocker!

[Gallah]

Bitcoinwisdom shows the same thing happened back around mid August following a massive sell off.

It then continued its steady downtrend.

This time things look different. There is steady upwards movement with steady volume. Nothing to substantial to predict movement up or down from here.

How do the rest of you read the graphs at the moment?

[fewcoins]

Yes the volume was massive but I see no rally. I actually see sort of a stalemate between bulls and bears, so maybe some more months of tedious sideways (in)action. 

This is because the dead cat bounce you're witnessing is from shorters covering their positions & taking some profits... You can already see they used those profits towards building a position around 350 & tomorrow will now be down double digit percent. This will continue until real buyers move into the picture. The ones buying now are setting up to get burned again really soon... Its not worth the risk (if there's even a chance of reward at this point)

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

Sounds about right, The weekend will be a proving point!

[Coinshot]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

[Dalmar]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

I was not suggesting the price will hit 275 again, it already hit the major low target.

[fewcoins]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

Here comes the dip!!! More shorts by the second!

[Coinshot]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

Here comes the dip!!! More shorts by the second!

Not enough yet, have patience.

Think it will take 4-5 at the minimum to really start retesting the lows.