Post
Topic
Board Speculation
Re: BTC drop to next level coming...bail the F out now!
by
ScarletJ
on 27/04/2014, 20:45:18 UTC
Sorry to be another newbie armchair analyst but I don't see any common technical analysis patterns in the https://bitcoinity.org/markets bitstamp chart when I tried to look for them. What exactly did you find?

I mean the only pattern I can find as for current events is
1. bear market
2. we may have recently hit a double or triple bottom (indicating an upturn) BUT the time between the bottoms is days not making it reliable. This means most likely nothing, but if anything, we should have hit bottom and the market is now testing the price, right?

As for fundamentals the fundamental value of bitcoin never depended on China, despite how recent news have been about China. So nothing there either except reason for squeamish people to sell.

So, what?