Quote from: laowai80 on December 18, 2013, 06:51:11 AM

Quote from: laowai80 on December 17, 2013, 05:50:39 PM

Just watch for that 670 line, if it's violated and goes to 650, it's short-to-mid-term (a few weeks/months) bear trend.
If price stays above it, we're good.

Ok, the support has been broken, most likely going to test 100-day MA at $400+, if that doesn't hold, then it's all the way down to 200-day MA. Still bullish market long term, but short term prepare for some pain.

"Still a bullish market longterm"... You have made one fatal mistake in your technical analysis... You forgot to include the market sentiment and what's going on in the real world. Two big things. 1. Governments getting very itchy about a stranger crashing in on their party. 2. China being the first big country to technically pull in the reins... They had 50% of BTC traffic with 50% of traffic slowly falling away... The charts are looking a bit unsupported.