Bitcoin Update #06 - Bullish parabolic was finally broke?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Throughout of history of the markets, the eight moving average always was indicative of the Bull Run strength, as we can observe at the traditional assets in tendency. The break of SMA (8) in heavily charts, such as the weekly chart usually is a source of concern for funds and professional traders of traditional markets and well structured, after a broke and confirmation of weakening of the Bulls, the Bear tends to size up the position of their shorts. So we had the candle (1) broked at the SMA (8), candle(2) being the confirmation of the breaking that could be done by a fortification candle of the Bears or a weak candle of the Bulls, so we have the candle (3) being the reaffirmation of the Bears supremacy at this movement ( impulsing candle) looking for a next floor at $7.500,00. We are possibly going to have two weeks of a lot of volatility at the Bitcoin .
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Shhhhhh...Don't let the moon boys & girls on TV know that we are actually heading further down!
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