it seems we got there via cliff in the end. congrats ;-)
flibbr
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Agree on the upside. The down arrows however, couldn't be more wrong. Don't know where you got those from... $385 ? $465 ? What, is China going to ban bitcoin AGAIN ?
ronfkingswanson
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just because the major selloffs we experienced in the bubble came because of bad china news, doesn't mean that's the *only* possible reason the price could go so low again. There are large-scale corrective price trends at work, regardless of China.
flibbr
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Last time we had DDos we blamed it on MtGox.
This time it was China Banning BTC.
I've nothing against returning to moving averages... but am a believer in the moving average meeting a sideways moving prices... not panic selling firing into the buy side of the order book. . . Just not going to happen right now.
ronfkingswanson
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to be fair to his (obviously generic) downward arrows, he's not suggesting a cliffdive like the china news to reach those lows.
sn0wcrash
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Interesting; but how did you come up with the projected red lines and the target levels?