Chartist and technical analysis is not voodoo at all. They predicted what happened with the bubble PERFECTLY. The bubble popped and BTC dropped 85% in about a day or two. Anyway I am surprised that it is back up to 130 now but I think it will probably drift down to $40 or $50 again after another smaller mini bubble or two. I think some new money is still pouring in but we'll see what happens.
yeah, until we get some confirmation to the upside (i don't think it's going to go down further than $40), I'm assuming we're in a range trade