BTCE:BTCUSD   Bitcoin / U.S. Dollar
If the past RSI trend is of any indication of future movement, we should see Bitcoins             moving up over the next few weeks.
It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the RSI downtrend since 20th May 2014 and head towards $640 - $680.

Bulls need to march towards $600 level ASAP! Given the momentum right now, there's a high possibility that we may be able to move up.
Great chart!
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8/4/2014:

3 months of downtrend broken (via RSI !) Good time to go very very very long

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HerSerenity LastBattle
Jesus!! Anyone that reads this please do yourself a favour and wait 1 (one), just one hour before you go long. You'll see why.
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LastBattle HerSerenity
Oh course, its a good thing to hear different opinions to make better a better judgment :)
I'm a bull and you are probably a bear for now :P
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HerSerenity LastBattle
Excuse that outcry, here are my two big fat arguments:
(make sure to load new bars..)


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Since December '12, every time we broke a long-term pitchfan line price then declined by 22% to 30% (8 times so far). If "we go back to $550", it'll break down the next line on the way there. Please tell me why it should be any different the 9th time?
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LastBattle HerSerenity
I still firmly believe that $550 level will be held even if we were to go down again right now.
However that's a worst case scenario with relatively low probability of happening.

Events that happened since December 12 was post-bubble, and huge corrections are expected. There are simply no negative news that'll pull it down to that level at the moment. Ecuador & Russia ban for real did not even hit the price by a percentage. Including China rumors (again) that we heard on June.
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