christophercolumbus

christophercolumbus

Moving below the 100 MDA, and into the 8K area, again would help confirm the down trend.

christophercolumbus

Watch out below.

christophercolumbus

If we are to compare the present to the past, definitely in something like 2014 as opposed to 2013.

christophercolumbus

After FOMO comes the FUD.

christophercolumbus

A bull trap until previous highs are convincingly broken.

christophercolumbus

In bull trap territory until BTC convincingly goes to new highs.

christophercolumbus

Time to zoom out.

christophercolumbus

I seem to be the most bearish at the moment... : 0

christophercolumbus

Repeated rejection at major resistance line.

christophercolumbus

I somehow doubt it....

christophercolumbus

... according to my chart, and I assume we all use the same chart.

christophercolumbus

Says it all....

christophercolumbus

BTC looking to break the downward trend-line at last... bottoming out in the correcting channel. Bad news is that it is at the top of that channel, so we could see another wave down to 5K odd first before moving up to higher levels later in the year.....

christophercolumbus

I imagine once it goes through 8800 the selling will pick up pace.

christophercolumbus

The importance of observing major trend-lines.

christophercolumbus

as per chart...

christophercolumbus

maybe stuck in a trading range....

christophercolumbus

A few weeks of hovering at these levels?