New pump from China right now might be substantiating my claim here, or just facilitating a big dump incoming... =P BUT! According to my newly acquired tools from LazyBear, looks like we have a small bull session ahead of us since the broken trendline just occured and the inverted RSI shows a clear upward trend vs the flatline on the previous dump. I don't expect massive gains at all. Everyone is tired, weak and completely disinterested in buying or selling. Who wants to sell into the bottom and who wants to buy into weak-sauce rallies? =) Which makes it the perfect spot... this is the end boys. We got one more tiny dump on the 9th, but should be well contained due to lack of interest.
BTW: I use Bitfinex to trade but I like use stamp in charts because the liquidity of their market makes for better identification of trends (ie: prettier pictures). Bitfinex lowest price was $419.40 which is at a well established support/resistance line from the November bubble days. I wish we could've gone lower but this chart isn't showing it! >={
BTW: I use Bitfinex to trade but I like use stamp in charts because the liquidity of their market makes for better identification of trends (ie: prettier pictures). Bitfinex lowest price was $419.40 which is at a well established support/resistance line from the November bubble days. I wish we could've gone lower but this chart isn't showing it! >={
