Quote from: HeRetiK on February 11, 2018, 06:17:03 PM

Quote from: elektrikdinar on February 11, 2018, 05:40:56 PM

original post from 2013:

Quote from: marcus905 on April 10, 2013, 08:51:08 PM

Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

Boy I sure hope we'll reach a new ATH this year, similar to 2013.

I'm cautiously optimistic right now too, seeing how USD 8,000,- is holding up fairly well with USD 6,000,- looking like a double bottom. I guess February is going to be critical. If we break below USD 8,000,- again, I doubt that USD 6,000,- will hold and the downtrend might continue. If we manage to break above USD 10,000,- however, or at least stay above USD 8,000,- until the end of the month, I think that we might actually look at an uptrend again.

Right and really looking forward to it. From what we have, there is still hope that we may be trying to break some resistance in coming weeks, but we really need to get past this $9000-ish region first. So many times, I almost freaked out of seeing a trap, but for now it looks like the formation is looking good but I personally need more to know that we have recovered and the trend has changed.

I guess we have to wait and see, but if it is a bull trap, I am sure by now we should have known, but everything still looks good. However, a trap or not, I am still very bullish on bitcoin this year. It could be a bumpy one, no one knows, probably a smooth adoption and an up rally, no one can say, but at least, only the chart can really tell us that.