dnaleor, come on man, work with me here 
I already agreed: the previous "Christmas trend" is broken. What I don't agree with is your pulled-out-of-nowhere claim that we'll enter a bear market for several weeks as a result. That part requires a bit more evidence, no?
I already agreed: the previous "Christmas trend" is broken. What I don't agree with is your pulled-out-of-nowhere claim that we'll enter a bear market for several weeks as a result. That part requires a bit more evidence, no?
just a "gut feeling", no TA:
I just think we went towards 1000 usd too fast (even for bitcoin).
There was only 5 days with BTC price above 1000 USD in the "china bubble" (excluding gox here, because who wants to cash out there anyway?). That is not enough time for triggering people cashing out. As a result, we saw the crash. Some people regret that they were too greedy and did not cash out above 1000 USD. So when 1000 USD is approached again, people tend to sell.
We need slow growth to have less volatility. I was certain the recent uptrend would trigger some volatility so decided to watch the market closely when we approched 900+ USD.
I am a longterm bull and do not want to cash out. I believe in a world with BTC as main currency. But sometimes, it is not bad to keep some distance from your investment and "feel the market". I only trade the "large trends" and this was an opportunity I took.
PS: I never sell during a rally with new ATHs, because it is very unpredictable how high the top will be.
PPS: When I sell, I want to buy more BTC. I do not want to have my profit in dirty fiat.
