Just broke $266, which was the high of wave 3. This is significant for psychological reasons
And yet, in my estimation, and the coming mean-reversion bounces notwithstanding, the bear market in Bitcoin is just getting started
266 was broken on btce and mtgox. More than obvious overlap
Official bears taking the Gox price and a forced liquidation price in a illiquid market seriously. You can't get more contrarian signs than that.
Hmm I do agree, which is a shame as I think there is a lot of good discussion in this thread. Forgetting about the btce incident and the Gox mess, there are still a lot of TA signs pointing to a continued bear market.