Quote from: accord01 on December 11, 2013, 01:02:36 AM

1) double top at ~1200, closing in on triple top

2) no more money coming in from china

3) latest rally/bounce overbought like crazy

4) over 7 million bought is funds from bitfinex leveraged positions going long.

5) There is absolutely not enough new money to sustain this rally...

6) heavy hitters have their fingers ready for the trigger, as well as smart bulls and all the bears.

If you look at the price since the initial drop to about $500.00, the price has been steadily rising every day by about $100.00. At times, the price is stagnant. It is not moving upward like it was before the most recent drop. It seems people are less confident buying at these prices as they were heretofore the drop.

Not sure, but I suspect it will either drop or go up.

I know, you can't go wrong with such a statement.

In all truth, though, part of me thinks bitcoin will not drop again without some negative press. I fear bitcoin is very susceptible to a collapse if news out of the EU severely limits bitcoin, which can put a heavy strain on Bitstamp and BTC-e. If those two exchangers are hurt via political or economic legislation by the EU, Bitcoin will drop under $100.00 and will sink like the Titanic.

Bitcoin will not die and will rise again.

These are birth pangs.

Remember, you cannot rise to the top without stepping on a few toes.