We all know that this China announcement doesn't hurt the Bitcoin much and we wait for the Up Trend to continue. Here it is :) Beginning of the week = rising Bitcoin !
Comments
Shantee
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....and other mistake you are on a 5 minute timeframe ...(which could be good if you are trying to predict what is going to happen in the next couple of hours)
Simon-Rose
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This chart is bad forget it pls ^^
And the upper pitchfork was made for the mtgox but i deleted the line.
I also had now Idea howto place pitchforks so i just tried ;)
But i really think that Bitcoin will rise and chinas announcement doesnt mean much ;)
MRS_Watanabe
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that China's largest online retailer no longer accepts BTC I thing its a very big announcement.
flibbr
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China's largest online retailer could never accept BTC because BTC is limited to 7 transactions per second right now.. so what r u talking about ?
MRS_Watanabe
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you are wrong on 2 counts
1stly your pitchforks, have anchors missing, so are invalid... you cannot place the pitchfork anywhere you fancy. The A, B, C anchors must be placed at important price points ie./ reversals highs/lows.
2ndly read this marketwatch.com/story/bitcoin-price-plunges-on-baidu-payment-ban-2013-12-06