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Topic: We're still in a bull trap. crash will resume in hours (Read 460 times)

newbie
Activity: 36
Merit: 0
Is the bottom above the last high (260ish)?

It would be hard to get below 300
donator
Activity: 1218
Merit: 1079
Gerald Davis
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.
newbie
Activity: 13
Merit: 0
Is the bottom above the last high (260ish)?
newbie
Activity: 36
Merit: 0
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
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