You are missing the 200 MA which has broken and we were not able to re-break to the upside. As long as we stay below the 200 MA I will stay bearish, but if we are able to break it I will change my view.
i just realized how i can manipulate BTC to go higher and i also just realized that there may be many people already doing this. for example -- the buying and selling of BTC's between two traders for the sole purpose to just increase trading volume with no regard to capital appreciation or depreciation will create an increase in market value for the security. unlike other investments like in the stock market where you can take the inverse of the position by going short a stock you cannot do the same in BTC's market place and thus by increasing volume you are pushing the market higher. there is something worth mentioning though. that although traders can increase trading volume now and increase price it is not as effective as it was when it was trading at under $100. the reason for that is obvious because you cant buy as many shares. the $1000 area seems like a top out where these volume manipulating traders creating high stock prices will look to cash out since 1. the high cost associated with the security. 2. it is now more expensive to conduct a volume/price manipulation campaign among two traders and the losses will be deeper.
Some food for thought....let me know what you thinkk...----adam