BITSTAMP:BTCUSD   Bitcoin / Dollar
Possible double bottom forming. If it goes above $274, buy and don't look back.
UPDATE 5 January 2015:
Double bottom invalidated. Possible continuation to the downside. Market is volatile due to Bitstamp news.
+2 Reply
CryptoReporter MoonTrader
Its only 3am in Shanghai right now. Wonder how they will react to the bitstamp news. I think it really depends on if there are any Chinese using bitstamp.
-1 Reply
MoonTrader CryptoReporter
I doubt it. I still think Bitstamp will recover just fine, but it may be seen as a sign of weakness by some. It's not going to kill Bitstamp and I don't think it will hurt bitcoin's long-term prospects.
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BitWave PRO CryptoReporter
Bitcoin never sleeps
-1 Reply
johnrfraser MoonTrader
Yes. Starting to get very twitchy about these security breaches...and if I am, what must Joe Bloggs think??
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CryptoReporter MoonTrader
If compromised, someone else has the coins. If lost, thats a lot of coins off the table never to be seen again which would drive of bitcoin price. Right?
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CryptoReporter CryptoReporter
* drive up
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MoonTrader CryptoReporter
Not sure if it works like that. People have speculated as to that effect, but it hasn't been observed yet, notably with the Mt. Gox event.
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It broke 274 but remains in the wedge.
Are you still looking for lower?
Did user100000 say 133k as wave III target??
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MoonTrader johnrfraser
All that's required for a double bottom is that it breaks the neckline and remains above prior support, which it did. And why are you asking me about user 100000?
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