DMT62DMT

DMT62DMT

we will find out within a few hours or few days whether or not the price can bounce back above green trend line or break the yellow trend line. im pessimistic and have placed a short. we're bouncing a bit off of the 38.2% fibonacci line but that doesn't have much long term significance. note the triple top pattern as it approached the yellow trendline. we've...

DMT62DMT

pretty lines

DMT62DMT

pretty lines

DMT62DMT

graph was drawn few days ago before publishing. red line has officially been broken. a good price target might be the top of the purple resistance zone at 56-5700. i'd set stop loss just under the green trend line. this is for a long position. it's quite a risky play though. safest move is to be in fiat.

DMT62DMT

i am still bearish until proven otherwise. the trendlines for btcchina align more definitively than stamp/gox. i expect a sell off once we touch the green line. We should have action in the markets within 24 hours assuming we maintain current price. China does not celebrate christmas, so breaking news could happen anytime this week. Since china's graph has...

DMT62DMT

i am still bearish until proven otherwise. the trendlines for btcchina align more definitively than stamp/gox. We should have action in the markets within 24 hours assuming we maintain current price. i expect a sell off once we touch the green line

DMT62DMT

notice the pattern of drops with a steep recovery before approaching green trendline. subtle notice is that the recoveries become steeper the lower in price we go. makes sense since there is more buying support after each drop

DMT62DMT

i dont think the green trendline is entirely accurate but as a possible line of support but i believe we will see action as the price approaches yellow trendline

DMT62DMT

btcchina, neutral to short

DMT62DMT

mtgox

DMT62DMT

bitstamp breakout soon

DMT62DMT

stamp channel, not sure if bottom boundary is correct.

DMT62DMT

trendline touches 3 peaks on the way down, higher probability of accuracy. Im shorting everytime it gets close to green line. probably close out shorts near the round numbers, manually close the rest depending on market conditions.