Going to ~270 again.

[ask]

This trendline has never been broken and i suspect it will be tested again (It's sitting right about $270 right now)

Zoom out on Bitstamp 1W to see the trend

Check 1w MACD (bottom of your picture). It is almost green. Look at your graph what happent when it is green.
Additional, look at 3d MA and 3d EMA - what happens when lines are crossing?

UP we go.

[spiderbrain]

Yeah, we could really do with a double bottom to bury this god damn down trend once and for all, bring it on!

[Deadstock]

Lets get it over with.

[POM]

If it means its the end of the downtrend 

[altcoin hitler]

If it means its the end of the downtrend  

there is no bottom and this downtrend will not end any time soon.
Coins have a short life.
I do think the long, long, longterm trendline (on log scale) could even be broken this time and the panic will be EPIC!
I mean EPIC EPIC!
But that's still outside of your possible eventhorizon - that's why you will loose a lot in the event.

[wobber]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

[RyNinDaCleM]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

Yeah, he closed his shorts at $345

[criptix]

i closed my short around 350, but atm im inclined to open a new one.

not sure though if we will visit <300.

[Tzupy]

While further drops are possible very soon, the market is already in the oversold zone, so a dead cat bounce should follow soon.
Only after that DCB will the market test support at 275$. Unfortunately, bitcoincharts is missing the last 10 days for OKcoin,
and also last 24h for Bitstamp, so I can only rely on BTCChina for indicators.

[RyNinDaCleM]

While further drops are possible very soon, the market is already in the oversold zone, so a dead cat bounce should follow soon.
Only after that DCB will the market test support at 275$. Unfortunately, bitcoincharts is missing the last 10 days for OKcoin,
and also last 24h for Bitstamp, so I can only rely on BTCChina for indicators.

Stamp hourly RSI is primed for another drop (bounced off 45 from the bottom) and 4hr is about ready to embed below 30. Both good for trending moves.
The 12 hour is in bearish, not oversold state and daily has reset since the $275 low. To me, nothing looks that oversodl 
DCB after $335-340 to complete the impulse down

[Tzupy]

While further drops are possible very soon, the market is already in the oversold zone, so a dead cat bounce should follow soon.
Only after that DCB will the market test support at 275$. Unfortunately, bitcoincharts is missing the last 10 days for OKcoin,
and also last 24h for Bitstamp, so I can only rely on BTCChina for indicators.

Stamp hourly RSI is primed for another drop (bounced off 45 from the bottom) and 4hr is about ready to embed below 30. Both good for trending moves.
The 12 hour is in bearish, not oversold state and daily has reset since the $275 low. To me, nothing looks that oversodl 
DCB after $335-340 to complete the impulse down

It doesn't look that oversold yet, and it won't even with the expected drop, it depends how large the oversold zone is defined.
My point was that one shouldn't short close to the bottom of the possible drop, because a DCB should follow and could trigger a stop loss.
I expected a drop to happen, but with this shitty volume... However, when the market will test 275$, it will look bloody oversold.

[criptix]

While further drops are possible very soon, the market is already in the oversold zone, so a dead cat bounce should follow soon.
Only after that DCB will the market test support at 275$. Unfortunately, bitcoincharts is missing the last 10 days for OKcoin,
and also last 24h for Bitstamp, so I can only rely on BTCChina for indicators.

Stamp hourly RSI is primed for another drop (bounced off 45 from the bottom) and 4hr is about ready to embed below 30. Both good for trending moves.
The 12 hour is in bearish, not oversold state and daily has reset since the $275 low. To me, nothing looks that oversodl 
DCB after $335-340 to complete the impulse down

It doesn't look that oversold yet, and it won't even with the expected drop, it depends how large the oversold zone is defined.
My point was that one shouldn't short close to the bottom of the possible drop, because a DCB should follow and could trigger a stop loss.
I expected a drop to happen, but with this shitty volume... However, when the market will test 275$, it will look bloody oversold.

but thats the perfect stage for a rebound.
lots of money to make in the upcoming months

[fewcoins]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

Was bullish... Last time I was BTC went from 350 to 480+
I knew a pop was coming but that weak little bullshit to $360ish~ had me close out almost immediately!!!
Fastest $9,000 I ever made in my life. I don't get why you guys talk so long term when $30 plus or minus is already a great gain
Regardless, since I made a lot of money shorting the paypal pop & other "good news" I really can't treat this any different...
I know we will be down huge by or during the weekend... Monday's prediction can't be made yet.

[fewcoins]

i closed my short around 350, but atm im inclined to open a new one.

not sure though if we will visit <300.

You probably should at least start shorting a little... <300 is going to be hard... but the 4K+ coins that were removed from the orderbooks on the buy side around that area could have me very very wrong. There used to be huge walls from 330 down but all those people and more bought today.
Not much more support. Too many people too happy too fast...
Watch out below  

[fonsie]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

Was bullish... Last time I was BTC went from 350 to 480+
I knew a pop was coming but that weak little bullshit to $360ish~ had me close out almost immediately!!!
Fastest $9,000 I ever made in my life. I don't get why you guys talk so long term when $30 plus or minus is already a great gain
Regardless, since I made a lot of money shorting the paypal pop & other "good news" I really can't treat this any different...
I know we will be down huge by or during the weekend... Monday's prediction can't be made yet.

If you are impressed by that, just wait until you see it disappear even faster. LMFAOOO

[glub0x]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

Was bullish... Last time I was BTC went from 350 to 480+
I knew a pop was coming but that weak little bullshit to $360ish~ had me close out almost immediately!!!
Fastest $9,000 I ever made in my life. I don't get why you guys talk so long term when $30 plus or minus is already a great gain
Regardless, since I made a lot of money shorting the paypal pop & other "good news" I really can't treat this any different...
I know we will be down huge by or during the weekend... Monday's prediction can't be made yet.

If you are impressed by that, just wait until you see it disappear even faster. LMFAOOO

played that game too, until it never came back down.
Fastest 120 000€ i lost in my life
i "knew" it was going to go deeper...
hope you play it right

[spazzdla]

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

wait, fewcoins is bullish??

Was bullish... Last time I was BTC went from 350 to 480+
I knew a pop was coming but that weak little bullshit to $360ish~ had me close out almost immediately!!!
Fastest $9,000 I ever made in my life. I don't get why you guys talk so long term when $30 plus or minus is already a great gain
Regardless, since I made a lot of money shorting the paypal pop & other "good news" I really can't treat this any different...
I know we will be down huge by or during the weekend... Monday's prediction can't be made yet.

Most of us are not day traders.

[Dilla]

Now that the Microsoft news came out, and the pump went up a measly $17ish dollars, we may hit the true double bottom of around 270.

[spazzdla]

Now that the Microsoft news came out, and the pump went up a measly $17ish dollars, we may hit the true double bottom of around 270.

we are on the down swing again, very possible it would seem.

[hobala]

i hope when Microsoft news came out, can help bitcoin price.