original post from 2013:
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.