Quote from: itod on December 24, 2017, 11:54:33 AM

Quote from: snowdropfore on December 24, 2017, 10:46:21 AM

what did masterluc mean in his post?? does that mean we are in bear market now?? going down to 2k-5k?? i think i need to holding my coins when the price going up to 70k .do not panic.

As far as I've understood he said if we touch 10K again it's double bottom and right to 70K after that, and if we go now to 2-5K instead of 10K then right up to 100K after that.

To avoid confusion, the only "right up to" is "2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month"

Other options he suggested were a long bear market, then upto 100k, or 2 month-ish ranging then continuation.

Personally I think 2 is the least probable at this stage. Let's see how the next price action unfolds...