care to be more explicit? it does seem like we're near a market bottom, unless the price support in my previous post fails (which seems awfully unlikely given the bid support at Bitstamp). but all i've pointed out is that we haven't yet seen quite enough volume for the downtrend from $600 to terminate, based on the two previous capitulation events in the past 5 months.

in the short-term, i see an ascending triangle consolidation pattern forming that will likely terminate with a bulltrap that fails to break out above the moving resistance defining this downtrend:

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6-hour scale


http://i.imgur.com/8jn5sjB.png

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granted, this will be an important test, and a decision point to give the market a chance to reverse at these price levels. however, i anticipate that ask depth will steadily fill in during this consolidation and the market will be ready for another move down by the time we reach this resistance.

--arepo