ibankbitcoins
Short

Triangular trendline broken on daily. Bitcoin 12-8-2014

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Yesterday was the fucking appetizer, today is the main dump. This is because we briefly breached the triangle supporting trendline yesterday. We will face a new wave of selling from those who sees the triangle breakdown on the daily close.

Looks like this one is just dump, and not dump and pump.

I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: ibankbitcoins.com, http://www.twitter.com/ibankbitcoins
I agree. My idea is similar, although more detailed.
New bear trend developing
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